FFV VARME A/S — Credit Rating and Financial Key Figures

CVR number: 26721059
Korsvangen 6 A, 5750 Ringe
forsyning@faaborg.dk
tel: 62611666

Company information

Official name
FFV VARME A/S
Established
2002
Company form
Limited company
Industry

About FFV VARME A/S

FFV VARME A/S (CVR number: 26721059) is a company from FAABORG-MIDTFYN. The company reported a net sales of 40 mDKK in 2024, demonstrating a decline of -7.2 % compared to the previous year. The operating profit percentage was at 8 % (EBIT: 3.2 mDKK), while net earnings were 0 kDKK. The profitability of the company measured by Return on Assets (ROA) was 2.3 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 28.7 %, 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. FFV VARME A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales28.4943.2966.8243.0940.01
Gross profit9.626.9910.5911.1711.98
EBIT2.75-0.091.482.893.20
Net earnings
Shareholders equity total47.5548.1150.4649.7948.90
Balance sheet total (assets)172.32189.77196.99175.96170.11
Net debt2.4719.3941.5236.7725.19
Profitability
EBIT-%9.6 %-0.2 %2.2 %6.7 %8.0 %
ROA2.1 %-0.0 %0.8 %1.6 %2.3 %
ROE
ROI3.7 %-0.0 %0.8 %1.7 %2.5 %
Economic value added (EVA)-1.92-3.68-7.52-6.31-5.90
Solvency
Equity ratio27.6 %25.4 %25.6 %28.3 %28.7 %
Gearing47.7 %57.2 %84.5 %74.6 %59.9 %
Relative net indebtedness %361.1 %266.7 %202.2 %286.5 %287.6 %
Liquidity
Quick ratio0.31.00.80.40.7
Current ratio0.31.00.80.40.7
Cash and cash equivalents20.208.151.100.364.09
Capital use efficiency
Trade debtors turnover (days)102.033.18.011.534.3
Net working capital %-240.8 %2.6 %-10.8 %-45.9 %-22.4 %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:2.26%
Rating: 31/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:28.7%
Rating: 25/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chairman of the board
Board member

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