FLOW ELNET A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FLOW ELNET A/S
FLOW ELNET A/S (CVR number: 25119150) is a company from SVENDBORG. The company reported a net sales of 71.4 mDKK in 2024, demonstrating a decline of -3.4 % compared to the previous year. The operating profit percentage was at 17.4 % (EBIT: 12.4 mDKK), while net earnings were 1135.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.8 %, which can be considered weak and Return on Equity (ROE) was 1.3 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 21.5 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FLOW ELNET A/S's liquidity measured by quick ratio was 0.6 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 42.83 | 54.79 | 71.75 | 73.94 | 71.40 |
Gross profit | 5.36 | 16.29 | 16.73 | 31.89 | 26.67 |
EBIT | -4.92 | 6.67 | 2.99 | 21.01 | 12.43 |
Net earnings | -10.50 | -0.45 | -3.29 | 4.46 | 1.14 |
Shareholders equity total | 24.29 | 30.72 | 89.87 | 86.68 | 86.18 |
Balance sheet total (assets) | 391.69 | 376.94 | 413.24 | 416.05 | 400.58 |
Net debt | 189.01 | 204.18 | 199.03 | 170.81 | 197.06 |
Profitability | |||||
EBIT-% | -11.5 % | 12.2 % | 4.2 % | 28.4 % | 17.4 % |
ROA | -1.2 % | 1.8 % | 0.8 % | 5.3 % | 3.8 % |
ROE | -35.6 % | -1.6 % | -5.4 % | 5.1 % | 1.3 % |
ROI | -1.3 % | 2.2 % | 1.0 % | 7.1 % | 5.3 % |
Economic value added (EVA) | -15.70 | -6.78 | -9.46 | 2.51 | -2.40 |
Solvency | |||||
Equity ratio | 6.2 % | 8.2 % | 21.7 % | 20.8 % | 21.5 % |
Gearing | 1028.3 % | 765.9 % | 244.8 % | 255.3 % | 229.7 % |
Relative net indebtedness % | 708.4 % | 567.6 % | 419.9 % | 377.2 % | 439.2 % |
Liquidity | |||||
Quick ratio | 1.3 | 1.1 | 1.2 | 1.1 | 0.6 |
Current ratio | 1.3 | 1.1 | 1.2 | 1.2 | 0.8 |
Cash and cash equivalents | 60.80 | 31.13 | 21.02 | 50.51 | 0.86 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 1.8 | 0.6 | 5.9 | 4.8 | 23.4 |
Net working capital % | 44.4 % | 8.1 % | 23.6 % | 14.4 % | -15.0 % |
Credit risk | |||||
Credit rating | BBB | A | A | AAA | AA |
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