FORSYNING ELNET A/S — Credit Rating and Financial Key Figures

CVR number: 21599182
Jyllandsgade 1, 7600 Struer
forsyningelnet@forsyningelnet.dk
tel: 96842230
Free credit report Annual report

Company information

Official name
FORSYNING ELNET A/S
Established
1999
Company form
Limited company
Industry

About FORSYNING ELNET A/S

FORSYNING ELNET A/S (CVR number: 21599182) is a company from STRUER. The company reported a net sales of 16.4 mDKK in 2024, demonstrating a growth of 17.9 % compared to the previous year. The operating profit percentage was at 6.4 % (EBIT: 1.1 mDKK), while net earnings were 21 mDKK. The profitability of the company measured by Return on Assets (ROA) was 10.8 %, which can be considered good and Return on Equity (ROE) was 12.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 79 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FORSYNING ELNET A/S's liquidity measured by quick ratio was 5 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales8 981.0011 133.0011 969.0013 874.0016 354.00
Gross profit2 924.004 803.002 973.005 514.005 825.00
EBIT-1 350.00913.00-1 442.00946.001 054.00
Net earnings- 525.003 773.00-8 043.005 683.0021 028.00
Shareholders equity total169 759.00173 532.00165 489.00157 695.00178 723.00
Balance sheet total (assets)201 368.00201 952.00195 669.00198 721.00226 184.00
Net debt-77 132.00-80 766.00-75 424.00-70 985.00-89 230.00
Profitability
EBIT-%-15.0 %8.2 %-12.0 %6.8 %6.4 %
ROA-0.3 %2.3 %0.5 %3.8 %10.8 %
ROE-0.3 %2.2 %-4.7 %3.5 %12.5 %
ROI-0.4 %2.6 %0.5 %4.4 %12.9 %
Economic value added (EVA)-9 950.73-8 175.47-10 261.68-7 824.38-7 504.19
Solvency
Equity ratio84.3 %85.9 %84.6 %79.4 %79.0 %
Gearing2.9 %1.8 %1.6 %5.5 %3.7 %
Relative net indebtedness %-599.3 %-535.6 %-419.0 %-295.5 %-301.4 %
Liquidity
Quick ratio4.65.85.84.55.0
Current ratio4.65.85.84.55.0
Cash and cash equivalents81 985.0083 908.0078 015.0079 631.0095 832.00
Capital use efficiency
Trade debtors turnover (days)209.3271.0143.5213.5270.3
Net working capital %-80.4 %-44.7 %-18.4 %-41.9 %10.3 %
Credit risk
Credit ratingAAAAAAAAA

Variable visualization

ROA:10.8%
Rating: 59/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:79.0%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member
Board member
Board member
Board member

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