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Formalize ApS — Credit Rating and Financial Key Figures

CVR number: 42045136
Kannikegade 4, 8000 Aarhus C
Free credit report Annual report

Company information

Official name
Formalize ApS
Personnel
103 persons
Established
2021
Company form
Private limited company
Industry

About Formalize ApS

Formalize ApS (CVR number: 42045136) is a company from AARHUS. The company recorded a gross profit of 7130.8 kDKK in 2024. The operating profit was -36.9 mDKK, while net earnings were -36.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was -46.5 %, which can be considered poor and Return on Equity (ROE) was -91.8 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 51.4 %, 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. Formalize 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
Volume
Net sales
Gross profit-1 766.85- 219.06-10 868.347 130.78
EBIT-2 918.93-5 177.40-29 580.08-36 887.34
Net earnings-2 560.14-4 840.99-30 456.69-36 883.52
Shareholders equity total485.3213 706.94-16 749.7455 528.80
Balance sheet total (assets)2 735.1219 737.2624 859.18108 343.82
Net debt-1 207.74-11 390.614 977.24-63 205.73
Profitability
EBIT-%
ROA-106.7 %-44.7 %-96.4 %-46.5 %
ROE-527.5 %-68.2 %-157.9 %-91.8 %
ROI-601.4 %-63.5 %-202.3 %-83.4 %
Economic value added (EVA)-2 552.98-4 831.15-30 349.89-36 744.17
Solvency
Equity ratio17.7 %69.4 %-40.4 %51.4 %
Gearing11.8 %-83.0 %25.6 %
Relative net indebtedness %
Liquidity
Quick ratio1.23.70.72.3
Current ratio1.23.70.72.3
Cash and cash equivalents1 207.7413 003.408 923.3577 433.58
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBCB

Variable visualization

ROA:-46.5%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:51.4%
Rating: 41/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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