FLATPAY ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLATPAY ApS
FLATPAY ApS (CVR number: 42718033) is a company from HERLEV. The company recorded a gross profit of 12 mDKK in 2024. The operating profit was -153 mDKK, while net earnings were -151.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was -39.3 %, which can be considered poor and Return on Equity (ROE) was -44.9 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 90.5 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FLATPAY ApS's liquidity measured by quick ratio was 16.7 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 financials2022 | 2023 | 2024 | |
---|---|---|---|
Volume | |||
Net sales | |||
Gross profit | -1 281.53 | -3 475.48 | 11 964.40 |
EBIT | -9 040.16 | -52 795.30 | - 152 962.13 |
Net earnings | -9 246.06 | -51 935.80 | - 151 737.23 |
Shareholders equity total | 24 625.59 | 85 357.78 | 590 990.51 |
Balance sheet total (assets) | 31 609.13 | 104 375.16 | 652 703.43 |
Net debt | -20 468.91 | -59 553.14 | -83 561.15 |
Profitability | |||
EBIT-% | |||
ROA | -28.6 % | -75.5 % | -39.3 % |
ROE | -37.5 % | -94.4 % | -44.9 % |
ROI | -31.7 % | -87.1 % | -41.6 % |
Economic value added (EVA) | -9 040.16 | -54 227.53 | - 157 458.78 |
Solvency | |||
Equity ratio | 77.9 % | 81.8 % | 90.5 % |
Gearing | 15.7 % | 4.5 % | 4.1 % |
Relative net indebtedness % | |||
Liquidity | |||
Quick ratio | 8.3 | 4.7 | 16.7 |
Current ratio | 8.3 | 4.7 | 16.7 |
Cash and cash equivalents | 24 345.41 | 63 429.64 | 107 691.67 |
Capital use efficiency | |||
Trade debtors turnover (days) | |||
Net working capital % | |||
Credit risk | |||
Credit rating | BB | BB | BBB |
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