Forward Engineering ApS — Credit Rating and Financial Key Figures

CVR number: 40640843
Østerbro 55, 4200 Slagelse
jan.leslie@fwd-e.dk
tel: 61471149

Credit rating

Company information

Official name
Forward Engineering ApS
Personnel
1 person
Established
2019
Company form
Private limited company
Industry

About Forward Engineering ApS

Forward Engineering ApS (CVR number: 40640843) is a company from SLAGELSE. The company recorded a gross profit of 554.3 kDKK in 2022. The operating profit was 124.3 kDKK, while net earnings were 93.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 20.8 %, which can be considered excellent and Return on Equity (ROE) was 17.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 90.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. Forward Engineering ApS's liquidity measured by quick ratio was 4.7 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
2020
2021
2022
Volume
Net sales
Gross profit215.01478.24554.29
EBIT194.63318.41124.34
Net earnings190.87246.3293.05
Shareholders equity total230.87477.19570.24
Balance sheet total (assets)246.77568.22629.25
Net debt- 187.47- 564.75- 119.14
Profitability
EBIT-%
ROA78.9 %78.1 %20.8 %
ROE82.7 %69.6 %17.8 %
ROI84.0 %89.7 %23.2 %
Economic value added (EVA)190.87246.23101.31
Solvency
Equity ratio93.6 %84.0 %90.6 %
Gearing0.3 %0.2 %0.1 %
Relative net indebtedness %
Liquidity
Quick ratio15.56.24.7
Current ratio15.56.24.7
Cash and cash equivalents188.28565.56119.94
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBB

Variable visualization

ROA:20.8%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:90.6%
Rating: 71/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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