FORMEL B AF 2003 ApS — Credit Rating and Financial Key Figures

CVR number: 26984254
Vesterbrogade 182, 1800 Frederiksberg C

Company information

Official name
FORMEL B AF 2003 ApS
Personnel
32 persons
Established
2003
Company form
Private limited company
Industry

About FORMEL B AF 2003 ApS

FORMEL B AF 2003 ApS (CVR number: 26984254) is a company from FREDERIKSBERG. The company recorded a gross profit of 18.9 mDKK in 2023. The operating profit was 3224.7 kDKK, while net earnings were 2508.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 28.1 %, which can be considered excellent and Return on Equity (ROE) was 45.6 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 64.6 %, 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. FORMEL B AF 2003 ApS's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit6 286.238 863.1612 769.9417 447.0618 925.41
EBIT-0.191 234.271 389.873 055.483 224.68
Net earnings9.77940.241 060.442 376.882 508.44
Shareholders equity total3 620.794 561.033 621.475 498.355 506.79
Balance sheet total (assets)8 855.139 958.9710 234.4112 146.2010 854.39
Net debt-2 304.77-1 479.12-1 067.74-1 366.19- 580.15
Profitability
EBIT-%
ROA0.3 %13.1 %13.8 %27.4 %28.1 %
ROE0.2 %23.0 %25.9 %52.1 %45.6 %
ROI0.5 %26.2 %30.7 %62.5 %56.5 %
Economic value added (EVA)- 205.98908.24934.692 261.492 314.13
Solvency
Equity ratio51.5 %59.8 %50.4 %57.9 %64.6 %
Gearing10.9 %5.1 %4.9 %3.1 %1.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.22.00.80.91.2
Current ratio1.41.71.21.72.1
Cash and cash equivalents2 697.931 712.181 245.341 537.29635.63
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAAAA

Variable visualization

ROA:28.1%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:64.6%
Rating: 49/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Companies in the same industry

Try the full version of our system for free
Bankruptcy risk visualization example

... and more!

No registration needed.