Formalize ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|
Volume | ||||
Net sales | ||||
Gross profit | -1 766.85 | - 219.06 | -10 868.34 | 7 130.78 |
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 total | 485.32 | 13 706.94 | -16 749.74 | 55 528.80 |
Balance sheet total (assets) | 2 735.12 | 19 737.26 | 24 859.18 | 108 343.82 |
Net debt | -1 207.74 | -11 390.61 | 4 977.24 | -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 ratio | 17.7 % | 69.4 % | -40.4 % | 51.4 % |
Gearing | 11.8 % | -83.0 % | 25.6 % | |
Relative net indebtedness % | ||||
Liquidity | ||||
Quick ratio | 1.2 | 3.7 | 0.7 | 2.3 |
Current ratio | 1.2 | 3.7 | 0.7 | 2.3 |
Cash and cash equivalents | 1 207.74 | 13 003.40 | 8 923.35 | 77 433.58 |
Capital use efficiency | ||||
Trade debtors turnover (days) | ||||
Net working capital % | ||||
Credit risk | ||||
Credit rating | BB | BBB | B | BBB |
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