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Forstas A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About Forstas A/S
Forstas A/S (CVR number: 29615756) is a company from FREDERICIA. The company reported a net sales of 465.7 mDKK in 2025, demonstrating a growth of 8.9 % compared to the previous year. The operating profit percentage was at 3 % (EBIT: 14.1 mDKK), while net earnings were 7736.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was 7 %, which can be considered decent but Return on Equity (ROE) was 12.2 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 27.6 %, 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. Forstas A/S's liquidity measured by quick ratio was 1.2 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 267.79 | 307.85 | 343.05 | 427.77 | 465.73 |
| Gross profit | 136.10 | 150.91 | 171.32 | 205.15 | 230.05 |
| EBIT | 12.42 | 18.87 | 17.49 | 25.83 | 14.05 |
| Net earnings | 9.72 | 14.04 | 11.64 | 17.04 | 7.74 |
| Shareholders equity total | 38.99 | 47.03 | 52.67 | 64.71 | 62.44 |
| Balance sheet total (assets) | 115.68 | 138.48 | 180.44 | 176.69 | 226.04 |
| Net debt | 14.70 | 39.00 | |||
| Profitability | |||||
| EBIT-% | 4.6 % | 6.1 % | 5.1 % | 6.0 % | 3.0 % |
| ROA | 11.3 % | 14.8 % | 11.0 % | 14.5 % | 7.0 % |
| ROE | 28.5 % | 32.6 % | 23.3 % | 29.0 % | 12.2 % |
| ROI | 13.7 % | 14.8 % | 11.0 % | 16.6 % | 9.5 % |
| Economic value added (EVA) | 9.15 | 16.91 | 15.12 | 17.33 | 4.25 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 36.6 % | 27.6 % |
| Gearing | 28.4 % | 62.6 % | |||
| Relative net indebtedness % | 24.3 % | 34.0 % | |||
| Liquidity | |||||
| Quick ratio | 1.3 | 1.2 | |||
| Current ratio | 1.3 | 1.2 | |||
| Cash and cash equivalents | 3.65 | 0.07 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 60.4 | 69.8 | |||
| Net working capital % | 4.5 % | 4.1 % | |||
| Credit risk | |||||
| Credit rating | BBB | A | A | A | A |
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