FREAS ApS — Credit Rating and Financial Key Figures

CVR number: 25341228
Arnakkegårds Alle 62, Arnakke 4390 Vipperød
tel: 59431313

Company information

Official name
FREAS ApS
Personnel
1 person
Established
1969
Domicile
Arnakke
Company form
Private limited company
Industry

About FREAS ApS

FREAS ApS (CVR number: 25341228) is a company from HOLBÆK. The company recorded a gross profit of 25.3 kDKK in 2023. The operating profit was -418.8 kDKK, while net earnings were 1195.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 12.1 %, which can be considered good and Return on Equity (ROE) was 9.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 98.1 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREAS ApS's liquidity measured by quick ratio was 51.5 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

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-63.9519.6019.79-7.8125.32
EBIT- 461.63- 380.25- 424.20- 447.04- 418.78
Net earnings719.10- 185.991 618.04- 470.421 195.57
Shareholders equity total11 372.9211 131.6312 693.1712 165.5613 302.23
Balance sheet total (assets)13 235.8312 885.4814 287.4312 190.9513 564.73
Net debt-8 545.68-8 584.16-10 903.85-10 013.53-11 508.20
Profitability
EBIT-%
ROA8.0 %-0.6 %16.0 %0.3 %12.1 %
ROE6.5 %-1.7 %13.6 %-3.8 %9.4 %
ROI8.0 %-0.6 %16.2 %0.3 %12.3 %
Economic value added (EVA)- 411.79- 407.26- 429.65- 414.11- 433.68
Solvency
Equity ratio85.9 %86.4 %88.8 %99.8 %98.1 %
Gearing16.1 %15.1 %10.5 %0.0 %0.0 %
Relative net indebtedness %
Liquidity
Quick ratio30.227.022.3479.351.5
Current ratio30.227.022.3479.351.6
Cash and cash equivalents10 378.4010 267.7712 231.4110 014.3211 508.99
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:12.1%
Rating: 62/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:98.1%
Rating: 79/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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