FORMUEFORVALTNINGEN 1925 ApS — Credit Rating and Financial Key Figures

CVR number: 10064600
Ved Fyret 37, Strib 5500 Middelfart

Credit rating

Company information

Official name
FORMUEFORVALTNINGEN 1925 ApS
Established
1985
Domicile
Strib
Company form
Private limited company
Industry

About FORMUEFORVALTNINGEN 1925 ApS

FORMUEFORVALTNINGEN 1925 ApS (CVR number: 10064600) is a company from MIDDELFART. The company recorded a gross profit of -6.2 kDKK in 2023. The operating profit was -6.2 kDKK, while net earnings were 18.7 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3 %, which can be considered weak but Return on Equity (ROE) was 6.1 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 41.8 %, 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. FORMUEFORVALTNINGEN 1925 ApS's liquidity measured by quick ratio was 1.5 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-19.05-4.46-5.43-5.64-6.25
EBIT-19.05-4.46-5.43-5.64-6.25
Net earnings83.23-5.04-17.34-57.6018.74
Shareholders equity total776.71661.06530.73358.73259.67
Balance sheet total (assets)791.82765.89718.20644.88621.24
Net debt- 676.92- 657.55- 602.23- 520.54- 532.22
Profitability
EBIT-%
ROA10.5 %-0.1 %-0.4 %2.6 %3.0 %
ROE11.3 %-0.7 %-2.9 %-13.0 %6.1 %
ROI11.3 %-0.1 %-0.5 %4.0 %6.1 %
Economic value added (EVA)-27.95-4.88-1.232.417.06
Solvency
Equity ratio98.1 %86.3 %73.9 %55.6 %41.8 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio46.36.53.41.91.5
Current ratio46.36.53.41.91.5
Cash and cash equivalents676.92657.55602.23520.54532.22
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:2.98%
Rating: 35/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:41.8%
Rating: 34/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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