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FORMEL HOLDING ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORMEL HOLDING ApS
FORMEL HOLDING ApS (CVR number: 35677577) is a company from FREDERIKSBERG. The company recorded a gross profit of -74.5 kDKK in 2024. The operating profit was -74.5 kDKK, while net earnings were 1610 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.8 %, which can be considered good but Return on Equity (ROE) was 24 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.8 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. FORMEL HOLDING ApS's liquidity measured by quick ratio was 1.1 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -41.66 | -31.48 | -32.48 | -65.55 | -74.50 |
| EBIT | -41.66 | -31.48 | -32.48 | -65.55 | -74.50 |
| Net earnings | 2 996.39 | 5 408.42 | 5 827.68 | 4 992.87 | 1 610.04 |
| Shareholders equity total | 9 123.59 | 9 532.00 | 13 059.69 | 6 151.27 | 7 261.32 |
| Balance sheet total (assets) | 10 192.22 | 11 882.30 | 15 202.93 | 8 587.97 | 16 563.88 |
| Net debt | - 253.04 | 53.66 | -28.43 | 592.25 | 7 818.72 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 33.1 % | 48.9 % | 43.5 % | 41.9 % | 13.8 % |
| ROE | 36.9 % | 58.0 % | 51.6 % | 52.0 % | 24.0 % |
| ROI | 37.0 % | 57.6 % | 52.0 % | 50.3 % | 15.8 % |
| Economic value added (EVA) | - 397.99 | - 480.81 | - 508.69 | - 711.65 | - 403.03 |
| Solvency | |||||
| Equity ratio | 89.5 % | 80.2 % | 85.9 % | 71.6 % | 43.8 % |
| Gearing | 0.7 % | 0.0 % | 9.8 % | 108.1 % | |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 5.5 | 39.7 | 697.0 | 5.4 | 1.1 |
| Current ratio | 5.5 | 39.7 | 697.0 | 5.4 | 1.1 |
| Cash and cash equivalents | 253.04 | 15.66 | 30.90 | 10.85 | 32.98 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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