FORTOFTE HOLDING ApS — Credit Rating and Financial Key Figures

CVR number: 26517982
Fårtoftvej 226, 7700 Thisted

Credit rating

Company information

Official name
FORTOFTE HOLDING ApS
Established
2002
Company form
Private limited company
Industry

About FORTOFTE HOLDING ApS

FORTOFTE HOLDING ApS (CVR number: 26517982) is a company from THISTED. The company recorded a gross profit of 95.2 kDKK in 2024. The operating profit was 56.3 kDKK, while net earnings were 13 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 0.7 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 47.9 %, 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. FORTOFTE HOLDING ApS's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit128.24115.63171.05107.9195.17
EBIT89.3476.73132.1569.0056.27
Net earnings294.99- 415.68-11.0937.2413.04
Shareholders equity total2 325.491 909.661 898.461 935.671 948.71
Balance sheet total (assets)4 623.104 161.564 061.824 125.364 064.51
Net debt2 244.352 221.132 113.942 167.142 084.36
Profitability
EBIT-%
ROA8.2 %-7.7 %1.9 %3.5 %3.2 %
ROE13.5 %-19.6 %-0.6 %1.9 %0.7 %
ROI8.4 %-7.8 %1.9 %3.5 %3.2 %
Economic value added (EVA)- 166.15- 176.11- 120.35- 126.79- 150.65
Solvency
Equity ratio50.3 %45.9 %46.7 %46.9 %47.9 %
Gearing97.3 %117.0 %112.1 %112.7 %107.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.10.10.10.1
Current ratio0.00.10.10.10.1
Cash and cash equivalents18.9113.6314.2514.9910.01
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.20%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.9%
Rating: 39/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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