FLEX LEARNING A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLEX LEARNING A/S
FLEX LEARNING A/S (CVR number: 21788198) is a company from HEDENSTED. The company reported a net sales of 0.8 mDKK in 2023, demonstrating a growth of 52.8 % compared to the previous year. The operating profit percentage was at 18.9 % (EBIT: 0.2 mDKK), while net earnings were 134.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.9 %, which can be considered decent and Return on Equity (ROE) was 5.9 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 99 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FLEX LEARNING A/S's liquidity measured by quick ratio was 91.9 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 527.07 | 746.35 | 1 259.44 | 548.16 | 837.84 |
Gross profit | 155.96 | 611.67 | 1 139.50 | 444.11 | 674.83 |
EBIT | -12.91 | 396.07 | 1 124.90 | 424.74 | 158.07 |
Net earnings | -12.99 | 305.15 | 861.70 | 327.68 | 134.65 |
Shareholders equity total | 722.26 | 1 027.41 | 1 889.12 | 2 216.79 | 2 351.45 |
Balance sheet total (assets) | 823.61 | 4 240.49 | 3 578.01 | 3 317.12 | 2 375.61 |
Net debt | -31.84 | -4 022.45 | -3 371.98 | -3 196.82 | -2 048.95 |
Profitability | |||||
EBIT-% | -2.4 % | 53.1 % | 89.3 % | 77.5 % | 18.9 % |
ROA | -1.5 % | 15.6 % | 28.8 % | 12.3 % | 5.9 % |
ROE | -1.7 % | 34.9 % | 59.1 % | 16.0 % | 5.9 % |
ROI | -1.6 % | 45.3 % | 77.1 % | 20.7 % | 7.4 % |
Economic value added (EVA) | -28.26 | 273.20 | 1 025.66 | 403.09 | 175.90 |
Solvency | |||||
Equity ratio | 87.7 % | 24.2 % | 52.8 % | 66.8 % | 99.0 % |
Gearing | |||||
Relative net indebtedness % | 13.2 % | -108.4 % | -133.6 % | -382.5 % | -241.7 % |
Liquidity | |||||
Quick ratio | 3.5 | 1.3 | 2.0 | 2.9 | 91.9 |
Current ratio | 3.5 | 1.3 | 2.0 | 2.9 | 91.9 |
Cash and cash equivalents | 31.84 | 4 022.45 | 3 371.98 | 3 196.82 | 2 048.95 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 45.5 % | 101.6 % | -130.4 % | 9.2 % | 45.8 % |
Credit risk | |||||
Credit rating | BBB | BBB | BBB | BBB | BBB |
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