FirstForm ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FirstForm ApS
FirstForm ApS (CVR number: 39777568) is a company from ESBJERG. The company recorded a gross profit of -12.8 kDKK in 2023. The operating profit was -32.3 kDKK, while net earnings were -32.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -45.1 %, which can be considered poor and Return on Equity (ROE) was -78.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -10.1 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. FirstForm ApS's liquidity measured by quick ratio was 0.8 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 126.88 | 3.08 | -9.45 | -27.04 | -12.78 |
EBIT | 126.18 | -21.93 | -16.37 | -37.27 | -32.25 |
Net earnings | 98.34 | -19.07 | -16.31 | -37.26 | -32.20 |
Shareholders equity total | 98.34 | 79.42 | 63.11 | 25.86 | -6.35 |
Balance sheet total (assets) | 158.11 | 92.83 | 106.52 | 79.81 | 56.48 |
Net debt | -49.49 | -16.08 | -51.05 | -19.89 | 6.77 |
Profitability | |||||
EBIT-% | |||||
ROA | 79.8 % | -17.5 % | -16.1 % | -39.6 % | -45.1 % |
ROE | 100.0 % | -21.5 % | -22.9 % | -83.8 % | -78.2 % |
ROI | 128.3 % | -24.7 % | -22.5 % | -81.2 % | -168.5 % |
Economic value added (EVA) | 98.37 | -17.26 | -19.55 | -37.87 | -32.45 |
Solvency | |||||
Equity ratio | 62.2 % | 85.6 % | 59.2 % | 32.4 % | -10.1 % |
Gearing | 7.9 % | -161.7 % | |||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 2.0 | 4.8 | 1.9 | 1.2 | 0.8 |
Current ratio | 2.1 | 5.0 | 2.0 | 1.2 | 0.8 |
Cash and cash equivalents | 49.49 | 16.08 | 51.05 | 21.92 | 3.49 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | BB | B |
Variable visualization
Companies in the same industry
Create your own estimates for any company
Valuation analysis
See instructions

... and more!
No registration needed.