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FORMEL HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 35677577
Vesterbrogade 182, 1800 Frederiksberg C
Free credit report Annual report

Credit rating

Company information

Official name
FORMEL HOLDING ApS
Established
2014
Company form
Private limited company
Industry

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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
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 earnings2 996.395 408.425 827.684 992.871 610.04
Shareholders equity total9 123.599 532.0013 059.696 151.277 261.32
Balance sheet total (assets)10 192.2211 882.3015 202.938 587.9716 563.88
Net debt- 253.0453.66-28.43592.257 818.72
Profitability
EBIT-%
ROA33.1 %48.9 %43.5 %41.9 %13.8 %
ROE36.9 %58.0 %51.6 %52.0 %24.0 %
ROI37.0 %57.6 %52.0 %50.3 %15.8 %
Economic value added (EVA)- 397.99- 480.81- 508.69- 711.65- 403.03
Solvency
Equity ratio89.5 %80.2 %85.9 %71.6 %43.8 %
Gearing0.7 %0.0 %9.8 %108.1 %
Relative net indebtedness %
Liquidity
Quick ratio5.539.7697.05.41.1
Current ratio5.539.7697.05.41.1
Cash and cash equivalents253.0415.6630.9010.8532.98
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:13.8%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.8%
Rating: 36/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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