FlexShape ApS — Credit Rating and Financial Key Figures

CVR number: 37973394
Kokbjerg 30, 6000 Kolding

Company information

Official name
FlexShape ApS
Personnel
6 persons
Established
2016
Company form
Private limited company
Industry

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 financials

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales683.021 356.061 440.231 916.125 179.97
Gross profit207.401 266.951 208.471 472.364 595.96
EBIT205.00117.88-68.59- 566.581 299.19
Net earnings188.74184.0430.53- 602.971 194.72
Shareholders equity total304.46488.50519.024 916.066 110.78
Balance sheet total (assets)714.57592.381 203.225 292.947 699.02
Net debt- 680.81- 328.62526.14-2 719.19- 954.50
Profitability
EBIT-%30.0 %8.7 %-4.8 %-29.6 %25.1 %
ROA49.4 %18.0 %-7.6 %-17.2 %20.1 %
ROE90.1 %46.4 %6.1 %-22.2 %21.7 %
ROI97.4 %29.7 %-8.5 %-18.4 %23.7 %
Economic value added (EVA)190.98102.65-56.74- 603.861 079.22
Solvency
Equity ratio42.6 %82.5 %43.1 %92.9 %79.4 %
Gearing0.3 %106.0 %
Relative net indebtedness %-39.7 %-16.6 %41.8 %-122.2 %12.2 %
Liquidity
Quick ratio1.75.51.114.04.8
Current ratio1.75.51.114.04.8
Cash and cash equivalents681.61328.6223.862 719.19954.50
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 ratingBBBBBBBBBBB

Variable visualization

ROA:20.1%
Rating: 74/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.4%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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