Forty ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 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 total | 155.89 | 129.43 | -35.36 | - 500.21 | -4 023.09 |
Balance sheet total (assets) | 169.50 | 142.93 | 6 863.14 | 11 965.84 | 12 171.16 |
Net debt | - 118.00 | - 142.83 | 6 839.49 | 11 917.30 | 15 857.90 |
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 ratio | 92.0 % | 90.6 % | -0.5 % | -4.0 % | -24.8 % |
Gearing | -19473.4 % | -2489.5 % | -402.2 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 12.5 | 10.6 | 4.7 | 40.2 | 23.9 |
Current ratio | 12.5 | 10.6 | 4.7 | 40.2 | 23.9 |
Cash and cash equivalents | 118.00 | 142.83 | 45.51 | 535.25 | 322.85 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | B | C | BBB | BBB | BB |
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