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 0.6 kDKK in 2024. The operating profit was -5.5 kDKK, while net earnings were -5.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was -8.1 %, which can be considered poor and Return on Equity (ROE) was -9.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -16.6 %. 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 financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | |||||
Gross profit | 3.08 | -9.45 | -27.04 | -12.78 | 0.57 |
EBIT | -21.93 | -16.37 | -37.27 | -32.25 | -5.47 |
Net earnings | -19.07 | -16.31 | -37.26 | -32.20 | -5.56 |
Shareholders equity total | 79.42 | 63.11 | 25.86 | -6.35 | -11.91 |
Balance sheet total (assets) | 92.83 | 106.52 | 79.81 | 56.48 | 60.03 |
Net debt | -16.08 | -51.05 | -19.89 | 6.77 | -1.68 |
Profitability | |||||
EBIT-% | |||||
ROA | -17.5 % | -16.1 % | -39.6 % | -45.1 % | -8.1 % |
ROE | -21.5 % | -22.9 % | -83.8 % | -78.2 % | -9.5 % |
ROI | -24.7 % | -22.5 % | -81.2 % | -168.5 % | -53.1 % |
Economic value added (EVA) | -23.76 | -20.36 | -40.44 | -33.65 | -5.78 |
Solvency | |||||
Equity ratio | 85.6 % | 59.2 % | 32.4 % | -10.1 % | -16.6 % |
Gearing | 7.9 % | -161.7 % | -86.2 % | ||
Relative net indebtedness % | |||||
Liquidity | |||||
Quick ratio | 4.8 | 1.9 | 1.2 | 0.8 | 0.8 |
Current ratio | 5.0 | 2.0 | 1.2 | 0.8 | 0.8 |
Cash and cash equivalents | 16.08 | 51.05 | 21.92 | 3.49 | 11.94 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | |||||
Credit risk | |||||
Credit rating | BB | BB | BB | B | BB |
Variable visualization
Companies in the same industry
- Professional credit risk reports
- Create your own estimates for any company
- Valuation analysis
- All 400,000+ Danish companies
- See instructions

... and more!
No registration needed.