FUNKIS ApS — Credit Rating and Financial Key Figures

CVR number: 27288138
Kirkegade 24, Gårslev 7080 Børkop

Credit rating

Company information

Official name
FUNKIS ApS
Established
2003
Domicile
Gårslev
Company form
Private limited company
Industry

About FUNKIS ApS

FUNKIS ApS (CVR number: 27288138) is a company from VEJLE. The company recorded a gross profit of 239.5 kDKK in 2023. The operating profit was 239.5 kDKK, while net earnings were 129.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.5 %, which can be considered decent and Return on Equity (ROE) was 4.8 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 63.1 %, 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. FUNKIS ApS's liquidity measured by quick ratio was 0 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales456.66
Gross profit273.6326.82235.8477.85239.49
EBIT273.6326.82235.8477.85239.49
Net earnings180.52-6.01151.2329.65129.73
Shareholders equity total2 453.872 447.862 599.092 628.742 758.47
Balance sheet total (assets)4 274.684 218.954 365.244 413.134 373.37
Net debt311.24401.23158.82273.4353.98
Profitability
EBIT-%59.9 %
ROA6.5 %0.6 %5.5 %1.8 %5.5 %
ROE7.6 %-0.2 %6.0 %1.1 %4.8 %
ROI8.6 %0.8 %7.3 %2.4 %7.4 %
Economic value added (EVA)78.79- 110.6144.49-67.8446.88
Solvency
Equity ratio57.4 %58.0 %59.5 %59.6 %63.1 %
Gearing16.0 %16.4 %12.7 %11.4 %2.0 %
Relative net indebtedness %304.1 %
Liquidity
Quick ratio0.10.00.20.00.0
Current ratio0.10.00.20.00.0
Cash and cash equivalents80.22170.7825.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %-221.0 %
Credit risk
Credit ratingABBBBBBABBB

Variable visualization

ROA:5.46%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:63.1%
Rating: 48/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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