FK PROPERTY ApS — Credit Rating and Financial Key Figures

CVR number: 35828664
Teglværksvej 7, 7760 Hurup Thy

Credit rating

Company information

Official name
FK PROPERTY ApS
Established
2014
Company form
Private limited company
Industry

About FK PROPERTY ApS

FK PROPERTY ApS (CVR number: 35828664) is a company from THISTED. The company recorded a gross profit of 455 kDKK in 2023. The operating profit was 317.3 kDKK, while net earnings were 74.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.3 %, which can be considered decent and Return on Equity (ROE) was 6.7 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 19.8 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FK PROPERTY ApS's liquidity measured by quick ratio was 1.3 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 financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit78.91363.38413.11382.04454.98
EBIT34.45272.30275.40244.33317.26
Net earnings14.42142.51153.6437.4974.38
Shareholders equity total736.63879.141 032.771 070.271 144.64
Balance sheet total (assets)4 909.616 133.406 233.506 284.725 781.07
Net debt149.812 533.192 143.651 862.982 125.91
Profitability
EBIT-%
ROA0.9 %4.9 %4.5 %3.9 %5.3 %
ROE2.0 %17.6 %16.1 %3.6 %6.7 %
ROI0.9 %5.0 %4.5 %5.0 %8.6 %
Economic value added (EVA)-70.28172.6950.783.14107.32
Solvency
Equity ratio15.0 %14.3 %16.6 %17.0 %19.8 %
Gearing183.4 %306.5 %246.6 %230.0 %206.5 %
Relative net indebtedness %
Liquidity
Quick ratio10.60.91.92.71.3
Current ratio10.60.91.92.71.3
Cash and cash equivalents1 201.30161.37403.17599.11238.17
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBABBBBBB

Variable visualization

ROA:5.26%
Rating: 44/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:19.8%
Rating: 19/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chief executive officer

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