VING-FOREL ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About VING-FOREL ApS
VING-FOREL ApS (CVR number: 22050613) is a company from VEJLE. The company recorded a gross profit of -86.5 kDKK in 2024. The operating profit was -470.2 kDKK, while net earnings were -428.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -9.7 %, which can be considered poor and Return on Equity (ROE) was -32.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. VING-FOREL ApS's liquidity measured by quick ratio was 2.2 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 100.49 | 36.43 | - 140.75 | - 102.44 | -86.51 |
| EBIT | - 439.47 | - 528.68 | - 508.31 | - 463.72 | - 470.22 |
| Net earnings | - 430.31 | - 486.82 | - 526.63 | - 457.99 | - 428.71 |
| Shareholders equity total | 3 003.64 | 2 516.82 | 1 990.20 | 1 532.20 | 1 103.50 |
| Balance sheet total (assets) | 6 375.13 | 5 674.52 | 5 069.26 | 4 657.27 | 4 182.41 |
| Net debt | -1 893.82 | -1 351.08 | - 905.85 | - 583.34 | - 373.01 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -6.4 % | -7.9 % | -9.4 % | -8.9 % | -9.7 % |
| ROE | -13.4 % | -17.6 % | -23.4 % | -26.0 % | -32.5 % |
| ROI | -6.7 % | -8.2 % | -9.8 % | -9.3 % | -10.1 % |
| Economic value added (EVA) | - 612.02 | - 679.61 | - 634.78 | - 563.73 | - 550.91 |
| Solvency | |||||
| Equity ratio | 47.1 % | 44.4 % | 39.3 % | 32.9 % | 26.4 % |
| Gearing | 4.8 % | 4.3 % | |||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 5.0 | 9.5 | 4.7 | 2.7 | 2.2 |
| Current ratio | 5.1 | 9.5 | 4.7 | 2.7 | 2.2 |
| Cash and cash equivalents | 1 893.82 | 1 351.08 | 905.85 | 656.78 | 420.42 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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