FLAME FASHION ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLAME FASHION ApS
FLAME FASHION ApS (CVR number: 28231717) is a company from IKAST-BRANDE. The company recorded a gross profit of -17.6 kDKK in 2023. The operating profit was -17.6 kDKK, while net earnings were 117.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7.9 %, which can be considered decent but Return on Equity (ROE) was 10.6 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 56.2 %, 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. FLAME FASHION ApS's liquidity measured by quick ratio was 2.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | -18.24 | -13.05 | -20.00 | -18.63 | -17.64 |
EBIT | -18.24 | -13.05 | -20.00 | -18.63 | -17.64 |
Net earnings | 159.75 | -16.52 | 170.19 | - 256.24 | 117.72 |
Shareholders equity total | 1 509.20 | 1 382.68 | 1 452.87 | 1 096.63 | 1 114.35 |
Balance sheet total (assets) | 1 846.17 | 1 854.45 | 2 055.46 | 1 833.77 | 1 984.28 |
Net debt | -1 504.33 | -1 383.05 | -1 450.46 | -1 073.24 | -1 108.13 |
Profitability | |||||
EBIT-% | |||||
ROA | 9.7 % | 1.4 % | 9.9 % | 6.1 % | 7.9 % |
ROE | 10.9 % | -1.1 % | 12.0 % | -20.1 % | 10.6 % |
ROI | 9.8 % | 1.4 % | 9.9 % | 6.2 % | 7.9 % |
Economic value added (EVA) | -4.88 | 3.29 | 3.37 | 11.18 | 17.88 |
Solvency | |||||
Equity ratio | 81.7 % | 74.6 % | 70.7 % | 59.8 % | 56.2 % |
Gearing | 21.9 % | 33.6 % | 41.0 % | 66.6 % | 77.4 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 5.5 | 3.9 | 3.4 | 2.5 | 2.3 |
Current ratio | 5.5 | 3.9 | 3.4 | 2.5 | 2.3 |
Cash and cash equivalents | 1 834.30 | 1 847.83 | 2 046.05 | 1 803.38 | 1 971.06 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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