FORS Vand Holbæk A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORS Vand Holbæk A/S
FORS Vand Holbæk A/S (CVR number: 33033346) is a company from HOLBÆK. The company reported a net sales of 24 mDKK in 2024, demonstrating a growth of 42.1 % compared to the previous year. The operating profit percentage was at 22.9 % (EBIT: 5.5 mDKK), while net earnings were 5272 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak but Return on Equity (ROE) was 5.4 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 54.5 %, 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. FORS Vand Holbæk A/S's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.
Financial information
See financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 16 659.00 | 14 787.00 | 11 765.00 | 16 856.00 | 23 959.00 |
Gross profit | 8 020.00 | 4 042.00 | -3 174.00 | 6 786.00 | 11 604.00 |
EBIT | 3 657.00 | 109.00 | -7 127.00 | 1 460.00 | 5 495.00 |
Net earnings | 2 931.00 | - 518.00 | -6 579.00 | 844.00 | 5 272.00 |
Shareholders equity total | 97 229.00 | 98 031.00 | 93 765.00 | 94 473.00 | 99 954.00 |
Balance sheet total (assets) | 158 154.00 | 158 407.00 | 160 266.00 | 161 430.00 | 183 751.00 |
Net debt | -26.00 | -2 782.00 | 4 367.00 | 5 071.00 | 13 685.00 |
Profitability | |||||
EBIT-% | 22.0 % | 0.7 % | -60.6 % | 8.7 % | 22.9 % |
ROA | 2.3 % | 0.1 % | -4.4 % | 1.0 % | 3.3 % |
ROE | 3.1 % | -0.5 % | -6.9 % | 0.9 % | 5.4 % |
ROI | 2.8 % | 0.1 % | -5.6 % | 1.4 % | 4.5 % |
Economic value added (EVA) | -2 873.84 | -6 471.74 | -12 578.01 | -5 014.84 | - 490.51 |
Solvency | |||||
Equity ratio | 61.5 % | 62.0 % | 58.6 % | 58.8 % | 54.5 % |
Gearing | 20.7 % | 17.5 % | 17.9 % | 15.9 % | 22.5 % |
Relative net indebtedness % | 163.1 % | 190.4 % | 380.5 % | 281.7 % | 274.6 % |
Liquidity | |||||
Quick ratio | 2.7 | 2.4 | 1.4 | 1.1 | 0.7 |
Current ratio | 2.7 | 2.4 | 1.4 | 1.0 | 0.7 |
Cash and cash equivalents | 20 178.00 | 19 956.00 | 12 436.00 | 9 995.00 | 8 805.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 91.1 | 15.1 | 13.2 | 6.7 | 61.2 |
Net working capital % | 104.6 % | 85.6 % | 36.3 % | -1.0 % | -31.1 % |
Credit risk | |||||
Credit rating | AAA | A | BBB | AA | AAA |
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