Form and Refine ApS — Credit Rating and Financial Key Figures

CVR number: 39313820
Industrivej 14 B, 8680 Ry
info@formandrefine.com
tel: 29842978
www.formandrefine.com

Credit rating

Company information

Official name
Form and Refine ApS
Personnel
6 persons
Established
2018
Company form
Private limited company
Industry

About Form and Refine ApS

Form and Refine ApS (CVR number: 39313820) is a company from SKANDERBORG. The company recorded a gross profit of 3436.5 kDKK in 2024. The operating profit was 150 kDKK, while net earnings were 95.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.8 %, which can be considered weak but Return on Equity (ROE) was 4.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 39.5 %, 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. Form and Refine ApS's liquidity measured by quick ratio was 2.6 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit865.841 800.442 723.932 979.843 436.52
EBIT422.15221.42275.0790.58149.96
Net earnings267.38124.19133.8445.2195.70
Shareholders equity total1 594.971 719.161 853.001 898.211 993.91
Balance sheet total (assets)4 470.475 346.186 442.795 267.495 344.64
Net debt-1 598.51-1 068.22297.16-1 046.23-1 719.09
Profitability
EBIT-%
ROA12.5 %4.8 %5.1 %2.9 %2.8 %
ROE18.3 %7.5 %7.5 %2.4 %4.9 %
ROI15.7 %6.1 %8.3 %6.2 %7.1 %
Economic value added (EVA)246.6978.84109.87-96.383.00
Solvency
Equity ratio35.7 %32.2 %29.5 %37.0 %39.5 %
Gearing70.0 %9.9 %
Relative net indebtedness %
Liquidity
Quick ratio3.31.61.22.02.6
Current ratio5.23.12.03.23.4
Cash and cash equivalents1 598.511 068.22999.111 233.731 719.09
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.82%
Rating: 34/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:39.5%
Rating: 33/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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