FORMERVANGEN ApS — Credit Rating and Financial Key Figures

CVR number: 30803981
Formervangen 17, 2600 Glostrup

Company information

Official name
FORMERVANGEN ApS
Personnel
2 persons
Established
2007
Company form
Private limited company
Industry

About FORMERVANGEN ApS

FORMERVANGEN ApS (CVR number: 30803981) is a company from ALBERTSLUND. The company reported a net sales of 0.8 mDKK in 2024, demonstrating a decline of 0 % compared to the previous year. The operating profit percentage was at 79.6 % (EBIT: 0.7 mDKK), while net earnings were 375.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.6 %, which can be considered good and Return on Equity (ROE) was 13.4 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 43.4 %, 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. FORMERVANGEN ApS's liquidity measured by quick ratio was 0.5 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

Net sales (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales840.00840.00840.00840.00840.00
Gross profit748.00730.00695.00750.00749.69
EBIT597.00649.00614.00669.00668.25
Net earnings249.00342.00299.00294.00375.74
Shareholders equity total1 680.002 022.002 321.002 616.002 991.17
Balance sheet total (assets)7 368.007 567.007 215.007 000.006 891.14
Net debt4 967.004 250.003 908.003 458.002 958.69
Profitability
EBIT-%71.1 %77.3 %73.1 %79.6 %79.6 %
ROA8.2 %8.7 %8.3 %9.4 %9.6 %
ROE16.0 %18.5 %13.8 %11.9 %13.4 %
ROI8.4 %9.0 %8.6 %9.7 %10.0 %
Economic value added (EVA)138.90188.22164.86115.59187.34
Solvency
Equity ratio22.8 %26.7 %32.2 %37.4 %43.4 %
Gearing295.7 %238.0 %181.0 %138.3 %103.3 %
Relative net indebtedness %622.4 %536.7 %491.2 %438.5 %381.1 %
Liquidity
Quick ratio1.12.21.30.70.5
Current ratio1.12.21.30.70.5
Cash and cash equivalents1.00562.00293.00159.00132.15
Capital use efficiency
Trade debtors turnover (days)0.90.9
Net working capital %2.6 %36.4 %8.9 %-7.9 %-13.1 %
Credit risk
Credit ratingAAAAAA

Variable visualization

ROA:9.62%
Rating: 56/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.4%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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