FURNES ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About FURNES ApS
FURNES ApS (CVR number: 32659047) is a company from HORSENS. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a growth of 143.4 % compared to the previous year. The operating profit percentage was at 88.3 % (EBIT: 0.1 mDKK), while net earnings were 87.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 14.9 %, which can be considered good but Return on Equity (ROE) was 16.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 94 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FURNES ApS's liquidity measured by quick ratio was 6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 87.03 | 427.64 | -95.86 | 36.62 | 89.13 |
Gross profit | 78.91 | 419.13 | -78.70 | 21.35 | 78.71 |
EBIT | 78.91 | 419.13 | -78.70 | 21.35 | 78.71 |
Net earnings | 76.13 | 425.41 | -61.01 | 19.05 | 87.31 |
Shareholders equity total | 502.05 | 816.86 | 642.85 | 547.51 | 517.01 |
Balance sheet total (assets) | 653.58 | 921.19 | 762.67 | 641.73 | 550.18 |
Net debt | 0.17 | - 469.29 | - 394.99 | -34.06 | - 122.02 |
Profitability | |||||
EBIT-% | 90.7 % | 98.0 % | 58.3 % | 88.3 % | |
ROA | 12.1 % | 54.3 % | -5.7 % | 3.9 % | 14.9 % |
ROE | 14.7 % | 64.5 % | -8.4 % | 3.2 % | 16.4 % |
ROI | 14.7 % | 64.8 % | -6.6 % | 4.6 % | 16.7 % |
Economic value added (EVA) | 98.12 | 435.76 | -80.32 | 27.37 | 79.99 |
Solvency | |||||
Equity ratio | 76.8 % | 88.7 % | 84.3 % | 85.3 % | 94.0 % |
Gearing | 0.0 % | ||||
Relative net indebtedness % | 174.1 % | -85.3 % | 287.0 % | 164.3 % | -99.7 % |
Liquidity | |||||
Quick ratio | 1.3 | 5.5 | 4.5 | 4.0 | 6.0 |
Current ratio | 1.3 | 5.5 | 4.5 | 4.0 | 6.0 |
Cash and cash equivalents | 469.29 | 394.99 | 34.06 | 122.02 | |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | 55.1 % | 109.2 % | -437.0 % | 783.7 % | 187.8 % |
Credit risk | |||||
Credit rating | BBB | BBB | BB | BBB | BBB |
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