Fornæs Seafood A/S — Credit Rating and Financial Key Figures

CVR number: 40817972
Saturnvej 2, 8500 Grenaa

Company information

Official name
Fornæs Seafood A/S
Personnel
1 person
Established
2019
Company form
Limited company
Industry

About Fornæs Seafood A/S

Fornæs Seafood A/S (CVR number: 40817972) is a company from NORDDJURS. The company recorded a gross profit of 2000.4 kDKK in 2024. The operating profit was -8074.8 kDKK, while net earnings were -8062.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was -62.3 %, which can be considered poor and Return on Equity (ROE) was -156.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 92 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Fornæs Seafood A/S's liquidity measured by quick ratio was 38.6 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit3 747.347 905.702 615.495 176.182 000.38
EBIT-5 590.77-2 273.76-6 345.43-2 970.69-8 074.83
Net earnings-5 489.61-1 266.73-5 936.14-2 972.36-8 062.67
Shareholders equity total2 960.395 093.655 157.515 185.165 122.48
Balance sheet total (assets)17 317.9724 204.3521 571.8520 325.455 568.71
Net debt8 794.4613 683.5510 352.0010 130.65-0.30
Profitability
EBIT-%
ROA-31.4 %-10.1 %-27.0 %-13.6 %-62.3 %
ROE-185.4 %-31.5 %-115.8 %-57.5 %-156.4 %
ROI-45.1 %-13.5 %-35.4 %-18.0 %-76.5 %
Economic value added (EVA)-5 590.77-1 760.16-6 159.95-3 208.52-8 273.39
Solvency
Equity ratio17.1 %21.0 %23.9 %25.5 %92.0 %
Gearing299.1 %268.9 %200.8 %195.4 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.30.20.238.6
Current ratio0.40.40.40.438.6
Cash and cash equivalents59.0311.866.143.340.30
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBB

Variable visualization

ROA:-62.3%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:92.0%
Rating: 72/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board
Board member

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