FLATPAY ApS — Credit Rating and Financial Key Figures

CVR number: 42718033
Hørkær 16 A, 2730 Herlev

Credit rating

Company information

Official name
FLATPAY ApS
Personnel
179 persons
Established
2021
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2022
2023
2024
Volume
Net sales
Gross profit-1 281.53-3 475.4811 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 total24 625.5985 357.78590 990.51
Balance sheet total (assets)31 609.13104 375.16652 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 ratio77.9 %81.8 %90.5 %
Gearing15.7 %4.5 %4.1 %
Relative net indebtedness %
Liquidity
Quick ratio8.34.716.7
Current ratio8.34.716.7
Cash and cash equivalents24 345.4163 429.64107 691.67
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBB

Variable visualization

ROA:-39.3%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.5%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer
Board member
Chairman of the board

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