FlexShape ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FlexShape ApS
FlexShape ApS (CVR number: 37973394) is a company from KOLDING. The company reported a net sales of 5.2 mDKK in 2024, demonstrating a growth of 170.3 % compared to the previous year. The operating profit percentage was at 25.1 % (EBIT: 1.3 mDKK), while net earnings were 1194.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.1 %, which can be considered excellent and Return on Equity (ROE) was 21.7 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 79.4 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FlexShape ApS's liquidity measured by quick ratio was 4.8 which is at a very high level. Thus, the company demonstrates exceptional financial stability, possessing a significant surplus of liquid assets over its short-term liabilities.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 683.02 | 1 356.06 | 1 440.23 | 1 916.12 | 5 179.97 |
Gross profit | 207.40 | 1 266.95 | 1 208.47 | 1 472.36 | 4 595.96 |
EBIT | 205.00 | 117.88 | -68.59 | - 566.58 | 1 299.19 |
Net earnings | 188.74 | 184.04 | 30.53 | - 602.97 | 1 194.72 |
Shareholders equity total | 304.46 | 488.50 | 519.02 | 4 916.06 | 6 110.78 |
Balance sheet total (assets) | 714.57 | 592.38 | 1 203.22 | 5 292.94 | 7 699.02 |
Net debt | - 680.81 | - 328.62 | 526.14 | -2 719.19 | - 954.50 |
Profitability | |||||
EBIT-% | 30.0 % | 8.7 % | -4.8 % | -29.6 % | 25.1 % |
ROA | 49.4 % | 18.0 % | -7.6 % | -17.2 % | 20.1 % |
ROE | 90.1 % | 46.4 % | 6.1 % | -22.2 % | 21.7 % |
ROI | 97.4 % | 29.7 % | -8.5 % | -18.4 % | 23.7 % |
Economic value added (EVA) | 190.98 | 102.65 | -56.74 | - 603.86 | 1 079.22 |
Solvency | |||||
Equity ratio | 42.6 % | 82.5 % | 43.1 % | 92.9 % | 79.4 % |
Gearing | 0.3 % | 106.0 % | |||
Relative net indebtedness % | -39.7 % | -16.6 % | 41.8 % | -122.2 % | 12.2 % |
Liquidity | |||||
Quick ratio | 1.7 | 5.5 | 1.1 | 14.0 | 4.8 |
Current ratio | 1.7 | 5.5 | 1.1 | 14.0 | 4.8 |
Cash and cash equivalents | 681.61 | 328.62 | 23.86 | 2 719.19 | 954.50 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 113.9 | ||||
Net working capital % | 40.9 % | 34.8 % | 6.3 % | 256.6 % | 118.0 % |
Credit risk | |||||
Credit rating | BB | BBB | BB | BB | BB |
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