FRE-AM ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FRE-AM ApS
FRE-AM ApS (CVR number: 14374280K) is a company from SILKEBORG. The company recorded a gross profit of 53.3 mDKK in 2023. The operating profit was 11.4 mDKK, while net earnings were -163 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.9 %, which can be considered decent but Return on Equity (ROE) was -0.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 78.1 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FRE-AM ApS's liquidity measured by quick ratio was 1.6 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 financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 296 915.00 | 317 030.00 | |||
Gross profit | -73.00 | 70 409.00 | 66 158.00 | 62 840.00 | 53 254.00 |
EBIT | -73.00 | 29 792.00 | 21 087.00 | 21 039.00 | 11 439.00 |
Net earnings | 7 466.00 | 25 441.00 | 21 926.00 | 22 439.00 | - 163.00 |
Shareholders equity total | 66 042.00 | 88 484.00 | 107 560.00 | 128 856.00 | 110 112.00 |
Balance sheet total (assets) | 79 611.00 | 176 321.00 | 191 514.00 | 175 194.00 | 140 934.00 |
Net debt | -9 721.00 | 29 693.00 | 22 660.00 | 2 317.00 | -12 666.00 |
Profitability | |||||
EBIT-% | 10.0 % | 6.7 % | |||
ROA | 9.8 % | 27.8 % | 18.2 % | 19.9 % | 4.9 % |
ROE | 11.3 % | 35.7 % | 26.2 % | 22.8 % | -0.2 % |
ROI | 9.8 % | 32.5 % | 23.2 % | 24.1 % | 5.6 % |
Economic value added (EVA) | -74.94 | 23 404.31 | 12 681.14 | 13 556.42 | 2 754.74 |
Solvency | |||||
Equity ratio | 83.0 % | 52.3 % | 56.2 % | 73.6 % | 78.1 % |
Gearing | 20.5 % | 56.1 % | 38.8 % | 18.4 % | 12.4 % |
Relative net indebtedness % | 22.9 % | 20.3 % | |||
Liquidity | |||||
Quick ratio | 1.9 | 0.9 | 0.8 | 1.2 | 1.6 |
Current ratio | 2.0 | 1.2 | 1.3 | 1.7 | 1.9 |
Cash and cash equivalents | 23 269.00 | 19 960.00 | 19 028.00 | 21 337.00 | 26 341.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 54.9 | 47.6 | |||
Net working capital % | 2.9 % | 3.9 % | |||
Credit risk | |||||
Credit rating | AA | AAA | AAA | AAA | AA |
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