KVIKFORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About KVIKFORM A/S
KVIKFORM A/S (CVR number: 27278329) is a company from VEJLE. The company recorded a gross profit of 330 kDKK in 2024. The operating profit was -263.7 kDKK, while net earnings were -222.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -32.7 %, which can be considered poor and Return on Equity (ROE) was -41.1 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 64.8 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. KVIKFORM A/S's liquidity measured by quick ratio was 2.3 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 597.24 | 738.88 | 908.63 | 915.10 | 329.95 |
| EBIT | -63.70 | 85.68 | 276.38 | 333.33 | - 263.67 |
| Net earnings | -52.18 | 57.33 | 210.32 | 262.04 | - 222.52 |
| Shareholders equity total | 447.82 | 505.15 | 715.47 | 777.52 | 304.99 |
| Balance sheet total (assets) | 1 030.78 | 1 005.04 | 992.98 | 1 094.40 | 470.33 |
| Net debt | - 217.57 | - 353.78 | - 552.84 | - 806.83 | -63.44 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | -6.2 % | 8.4 % | 27.7 % | 32.3 % | -32.7 % |
| ROE | -9.9 % | 12.0 % | 34.5 % | 35.1 % | -41.1 % |
| ROI | -7.7 % | 10.3 % | 35.4 % | 45.2 % | -43.2 % |
| Economic value added (EVA) | -92.33 | 25.64 | 172.25 | 222.82 | - 268.19 |
| Solvency | |||||
| Equity ratio | 43.4 % | 50.3 % | 72.1 % | 71.0 % | 64.8 % |
| Gearing | 81.8 % | 67.8 % | 33.8 % | ||
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.3 | 1.7 | 3.2 | 3.1 | 2.3 |
| Current ratio | 1.3 | 1.7 | 3.2 | 3.2 | 2.4 |
| Cash and cash equivalents | 583.67 | 696.44 | 552.84 | 806.83 | 166.63 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BB |
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