FLYFAST ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLYFAST ApS
FLYFAST ApS (CVR number: 36484942) is a company from KØBENHAVN. The company reported a net sales of 0.1 mDKK in 2024, demonstrating a decline of -79.2 % compared to the previous year. The operating profit percentage was poor at -3.6 % (EBIT: -0 mDKK), while net earnings were -9.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was -2.9 %, which can be considered poor and Return on Equity (ROE) was -18 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 74 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FLYFAST ApS's liquidity measured by quick ratio was 3.8 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 448.10 | 268.59 | 75.40 | 567.81 | 118.03 |
Gross profit | 203.59 | 85.55 | -10.06 | 167.52 | 35.71 |
EBIT | 21.99 | -7.43 | -40.06 | 5.29 | -4.29 |
Net earnings | 14.56 | -9.10 | -31.77 | 2.23 | -9.36 |
Shareholders equity total | 109.45 | 136.35 | 104.58 | 56.81 | 47.45 |
Balance sheet total (assets) | 243.37 | 177.13 | 121.93 | 159.73 | 64.15 |
Net debt | - 173.08 | - 149.85 | -71.96 | -76.09 | -17.64 |
Profitability | |||||
EBIT-% | 4.9 % | -2.8 % | -53.1 % | 0.9 % | -3.6 % |
ROA | 9.8 % | -3.3 % | -26.6 % | 3.8 % | -2.9 % |
ROE | 14.3 % | -7.4 % | -26.4 % | 2.8 % | -18.0 % |
ROI | 23.7 % | -5.7 % | -33.0 % | 6.7 % | -6.2 % |
Economic value added (EVA) | 11.97 | -12.93 | -38.14 | 0.04 | -7.15 |
Solvency | |||||
Equity ratio | 45.0 % | 77.0 % | 85.8 % | 35.6 % | 74.0 % |
Gearing | |||||
Relative net indebtedness % | -8.7 % | -40.6 % | -72.4 % | 4.7 % | -0.8 % |
Liquidity | |||||
Quick ratio | 1.8 | 4.3 | 7.0 | 1.6 | 3.8 |
Current ratio | 1.8 | 4.3 | 7.0 | 1.6 | 3.8 |
Cash and cash equivalents | 173.08 | 149.85 | 71.96 | 76.09 | 17.64 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 30.1 | ||||
Net working capital % | 24.4 % | 50.8 % | 138.7 % | 10.0 % | 40.2 % |
Credit risk | |||||
Credit rating | BBB | BB | B | BB | BB |
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