FREA Solutions ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FREA Solutions ApS
FREA Solutions ApS (CVR number: 15369000) is a company from HERNING. The company recorded a gross profit of -354.9 kDKK in 2024. The operating profit was -3585.3 kDKK, while net earnings were -2732.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -18 %, which can be considered poor and Return on Equity (ROE) was -27 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 59.2 %, 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. FREA Solutions 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 2 069.00 | 2 475.00 | 7 796.00 | 4 445.43 | - 354.90 |
EBIT | 1 237.00 | 1 060.00 | 5 810.00 | 1 904.92 | -3 585.27 |
Net earnings | 969.00 | 825.00 | 4 470.00 | 1 534.74 | -2 732.57 |
Shareholders equity total | 4 640.00 | 5 466.00 | 9 935.00 | 11 470.50 | 8 737.93 |
Balance sheet total (assets) | 10 222.00 | 11 807.00 | 22 643.00 | 17 780.33 | 19 540.74 |
Net debt | -1 713.00 | - 541.00 | -3 020.00 | 705.79 | 3 358.80 |
Profitability | |||||
EBIT-% | |||||
ROA | 16.0 % | 10.2 % | 34.9 % | 10.1 % | -18.0 % |
ROE | 23.3 % | 16.3 % | 58.0 % | 14.3 % | -27.0 % |
ROI | 28.2 % | 20.0 % | 63.3 % | 15.8 % | -25.2 % |
Economic value added (EVA) | 836.85 | 715.16 | 4 314.74 | 1 162.38 | -3 358.33 |
Solvency | |||||
Equity ratio | 55.0 % | 66.6 % | 60.8 % | 71.6 % | 59.2 % |
Gearing | 13.6 % | 10.0 % | 3.4 % | 7.0 % | 49.6 % |
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 1.8 | 2.9 | 4.9 | 3.1 | 2.3 |
Current ratio | 1.8 | 1.8 | 2.2 | 2.9 | 1.7 |
Cash and cash equivalents | 2 345.00 | 1 087.00 | 3 354.00 | 100.00 | 971.54 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BBB | BBB | A | A | BBB |
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