Flex Midt ApS — Credit Rating and Financial Key Figures

CVR number: 42131245
Vestbirkvej 3, Seden 5240 Odense NØ

Company information

Official name
Flex Midt ApS
Personnel
28 persons
Established
2021
Domicile
Seden
Company form
Private limited company
Industry

About Flex Midt ApS

Flex Midt ApS (CVR number: 42131245) is a company from ODENSE. The company recorded a gross profit of 13.2 mDKK in 2023. The operating profit was 4197.8 kDKK, while net earnings were 3180.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 67.4 %, which can be considered excellent and Return on Equity (ROE) was 135.2 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 43.2 %, 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. Flex Midt ApS's liquidity measured by quick ratio was 1.7 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
2021
2022
2023
Volume
Net sales
Gross profit-7.993 357.3913 187.90
EBIT-7.99546.474 197.76
Net earnings-7.38400.063 180.14
Shareholders equity total32.62762.683 942.82
Balance sheet total (assets)38.253 328.609 132.30
Net debt-2.54770.14-4 084.39
Profitability
EBIT-%
ROA-19.1 %32.6 %67.4 %
ROE-22.6 %100.6 %135.2 %
ROI-22.4 %48.3 %126.5 %
Economic value added (EVA)-7.99421.563 231.24
Solvency
Equity ratio85.3 %22.9 %43.2 %
Gearing111.1 %8.4 %
Relative net indebtedness %
Liquidity
Quick ratio6.80.81.7
Current ratio6.80.81.7
Cash and cash equivalents2.5477.034 415.99
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBA

Variable visualization

ROA:67.4%
Rating: 100/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:43.2%
Rating: 35/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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