FORENEDE CARE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORENEDE CARE A/S
FORENEDE CARE A/S (CVR number: 36150513) is a company from BALLERUP. The company reported a net sales of 141.4 mDKK in 2024, demonstrating a growth of 43.8 % compared to the previous year. The operating profit percentage was at 4.5 % (EBIT: 6.4 mDKK), while net earnings were 14.3 mDKK. The profitability of the company measured by Return on Assets (ROA) was 26.9 %, which can be considered excellent and Return on Equity (ROE) was 53.1 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 47.2 %, 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. FORENEDE CARE A/S's liquidity measured by quick ratio was 2.1 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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 146.95 | 160.07 | 175.64 | 98.35 | 141.43 |
Gross profit | - 139.21 | - 156.22 | 151.72 | 88.69 | 132.01 |
EBIT | - 261.73 | - 294.36 | 2.16 | -0.64 | 6.37 |
Net earnings | 7.10 | 4.19 | 1.42 | -2.01 | 14.26 |
Shareholders equity total | 20.81 | 20.33 | 21.75 | 19.74 | 34.01 |
Balance sheet total (assets) | 60.17 | 53.19 | 55.54 | 63.63 | 72.03 |
Net debt | -15.90 | -5.18 | 3.25 | 12.69 | 4.56 |
Profitability | |||||
EBIT-% | -178.1 % | -183.9 % | 1.2 % | -0.7 % | 4.5 % |
ROA | -520.1 % | -518.7 % | 3.8 % | -3.0 % | 26.9 % |
ROE | 41.1 % | 20.4 % | 6.8 % | -9.7 % | 53.1 % |
ROI | -1052.0 % | -908.4 % | 5.8 % | -4.2 % | 35.6 % |
Economic value added (EVA) | - 210.85 | - 230.58 | 0.63 | -1.77 | 1.82 |
Solvency | |||||
Equity ratio | 34.6 % | 38.2 % | 39.2 % | 31.0 % | 47.2 % |
Gearing | 3.6 % | 15.5 % | 64.7 % | 13.7 % | |
Relative net indebtedness % | 16.0 % | 16.8 % | 18.5 % | 40.0 % | 23.0 % |
Liquidity | |||||
Quick ratio | 2.0 | 2.3 | 2.3 | 1.8 | 2.1 |
Current ratio | 2.0 | 2.3 | 2.3 | 1.8 | 2.1 |
Cash and cash equivalents | 15.90 | 5.93 | 0.11 | 0.09 | 0.08 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 67.0 | 56.3 | 45.4 | 57.3 | 60.3 |
Net working capital % | 18.2 % | 17.0 % | 15.1 % | 22.3 % | 17.6 % |
Credit risk | |||||
Credit rating | BB | BB | AA | A | AA |
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