FORENEDE EJENDOMME ApS — Credit Rating and Financial Key Figures

CVR number: 27224814
Borupvang 5 E, 2750 Ballerup
GIBR@forenede.dk
tel: 39695050

Company information

Official name
FORENEDE EJENDOMME ApS
Established
2003
Company form
Private limited company
Industry

About FORENEDE EJENDOMME ApS

FORENEDE EJENDOMME ApS (CVR number: 27224814) is a company from BALLERUP. The company recorded a gross profit of 1187.4 kDKK in 2023. The operating profit was 528.9 kDKK, while net earnings were 189.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 1.9 %, which can be considered weak and Return on Equity (ROE) was 1 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FORENEDE EJENDOMME ApS's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales1 447.841 397.96
Gross profit653.20541.7884.081 073.711 187.43
EBIT512.19400.77-68.69543.20528.89
Net earnings-42.05- 172.88- 150.16-11 259.56189.15
Shareholders equity total1 356.891 184.011 033.84-10 225.71963.44
Balance sheet total (assets)33 161.5037 646.3537 900.1336 421.2647 028.48
Net debt29 073.1635 658.8026 960.8845 446.3445 269.06
Profitability
EBIT-%35.4 %28.7 %
ROA1.5 %1.2 %1.6 %-24.3 %1.9 %
ROE-3.1 %-13.6 %-13.5 %-60.1 %1.0 %
ROI1.7 %1.3 %1.6 %-24.8 %2.0 %
Economic value added (EVA)-1 008.57-1 234.25-1 917.88-1 330.52-1 240.95
Solvency
Equity ratio4.1 %3.1 %2.7 %-21.9 %2.0 %
Gearing2168.6 %3033.5 %3520.4 %-444.4 %4698.7 %
Relative net indebtedness %2172.3 %2589.8 %
Liquidity
Quick ratio0.00.10.40.30.6
Current ratio0.00.10.40.40.6
Cash and cash equivalents353.00257.719 434.16
Capital use efficiency
Trade debtors turnover (days)6.1
Net working capital %-2159.2 %-2238.6 %
Credit risk
Credit ratingABBBBBBBBA

Variable visualization

ROA:1.94%
Rating: 30/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:2.05%
Rating: 3/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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