Forty ApS — Credit Rating and Financial Key Figures

CVR number: 25638468
Asylgade 31, Mesing 8660 Skanderborg
mikkel.harken.salling@gmail.com
tel: 29707078
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Company information

Official name
Forty ApS
Established
2000
Domicile
Mesing
Company form
Private limited company
Industry

About Forty ApS

Forty ApS (CVR number: 25638468) is a company from SKANDERBORG. The company recorded a gross profit of -334.5 kDKK in 2024. The operating profit was -334.5 kDKK, while net earnings were -3522.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -21.2 %, which can be considered poor and Return on Equity (ROE) was -29.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -24.8 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Forty ApS's liquidity measured by quick ratio was 23.9 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit-48.25-25.66-78.25-45.83- 334.52
EBIT-48.25-25.66-78.25-45.83- 334.52
Net earnings-49.00-26.47- 164.78- 464.85-3 522.88
Shareholders equity total155.89129.43-35.36- 500.21-4 023.09
Balance sheet total (assets)169.50142.936 863.1411 965.8412 171.16
Net debt- 118.00- 142.836 839.4911 917.3015 857.90
Profitability
EBIT-%
ROA-25.4 %-16.4 %-2.2 %-0.5 %-21.2 %
ROE-27.2 %-18.6 %-4.7 %-4.9 %-29.2 %
ROI-26.7 %-18.0 %-2.2 %-0.5 %-21.3 %
Economic value added (EVA)-58.55-33.50-84.75- 390.02- 935.13
Solvency
Equity ratio92.0 %90.6 %-0.5 %-4.0 %-24.8 %
Gearing-19473.4 %-2489.5 %-402.2 %
Relative net indebtedness %
Liquidity
Quick ratio12.510.64.740.223.9
Current ratio12.510.64.740.223.9
Cash and cash equivalents118.00142.8345.51535.25322.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBCBBBBBBBB

Variable visualization

ROA:-21.2%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-24.8%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Companies in the same industry

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