FORMERVANGEN ApS — Credit Rating and Financial Key Figures

FORMERVANGEN ApS (CVR number: 30803981) is a company from ALBERTSLUND. The company reported a net sales of 0.8 mDKK in 2023, demonstrating a decline of 0 % compared to the previous year. The operating profit percentage was at 79.5 % (EBIT: 0.7 mDKK), while net earnings were 293.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 9.4 %, which can be considered good and Return on Equity (ROE) was 11.9 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 37.4 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FORMERVANGEN ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.