FORNAX A/S — Credit Rating and Financial Key Figures

CVR number: 51327918
Tietgensvej 21, 8600 Silkeborg
tel: 86811111

Credit rating

Company information

Official name
FORNAX A/S
Personnel
24 persons
Established
1975
Company form
Limited company
Industry
  • Expand more icon28Manufacture of machinery and equipment n.e.c.

About FORNAX A/S

FORNAX A/S (CVR number: 51327918) is a company from SILKEBORG. The company recorded a gross profit of 21.7 mDKK in 2024. The operating profit was 6738.4 kDKK, while net earnings were 5141.1 kDKK. The profitability of the company measured by Return on Assets (ROA) was 21 %, which can be considered excellent and Return on Equity (ROE) was 37.9 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 61.4 %, 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. FORNAX A/S's liquidity measured by quick ratio was 5.8 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
2023
2024
Volume
Net sales
Gross profit8 643.849 575.1515 777.6318 560.5621 721.82
EBIT1 108.831 058.066 746.717 723.756 738.39
Net earnings612.63604.934 816.825 866.875 141.13
Shareholders equity total5 221.385 826.3110 643.1312 510.0014 651.13
Balance sheet total (assets)17 583.0121 002.6225 644.9033 600.5132 199.87
Net debt6 940.285 862.73-1 071.33-2 265.662 746.94
Profitability
EBIT-%
ROA6.1 %5.7 %29.1 %26.6 %21.0 %
ROE9.4 %11.0 %58.5 %50.7 %37.9 %
ROI7.5 %7.5 %37.7 %36.1 %26.9 %
Economic value added (EVA)579.12502.205 050.335 816.885 015.05
Solvency
Equity ratio58.8 %52.1 %61.4 %52.4 %61.4 %
Gearing164.7 %170.9 %71.3 %57.9 %47.0 %
Relative net indebtedness %
Liquidity
Quick ratio3.12.23.32.75.8
Current ratio3.72.53.72.86.1
Cash and cash equivalents1 661.154 094.418 656.389 503.084 136.91
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:21.0%
Rating: 75/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:61.4%
Rating: 47/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board

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