FASTSPEED A/S — Credit Rating and Financial Key Figures

CVR number: 39976625
Bygmestervej 10, 2400 København NV
tel: 89873700
www.fastspeed.dk

Credit rating

Company information

Official name
FASTSPEED A/S
Personnel
73 persons
Established
2018
Company form
Limited company
Industry
  • Expand more icon61Telecommunications

About FASTSPEED A/S

FASTSPEED A/S (CVR number: 39976625) is a company from KØBENHAVN. The company recorded a gross profit of 80.6 mDKK in 2024. The operating profit was 22.3 mDKK, while net earnings were 12.7 mDKK. The profitability of the company measured by Return on Assets (ROA) was 15.1 %, which can be considered excellent and Return on Equity (ROE) was 56.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 11.7 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FASTSPEED A/S's liquidity measured by quick ratio was 0.1 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit-1 304.9425 834.1137 978.2863 780.3680 566.48
EBIT-21 590.87-1 702.993 519.6318 083.4222 311.41
Net earnings-17 676.81-3 420.292 283.7512 427.8012 730.27
Shareholders equity total14 743.2011 322.9113 606.6526 034.4518 764.72
Balance sheet total (assets)50 516.7867 818.84112 405.29136 996.45160 033.70
Net debt9 049.0729 828.3044 451.6959 703.3087 011.26
Profitability
EBIT-%
ROA-52.4 %-2.8 %4.8 %14.9 %15.1 %
ROE-146.3 %-26.2 %18.3 %62.7 %56.8 %
ROI-91.8 %-4.8 %8.6 %25.5 %22.0 %
Economic value added (EVA)-16 771.21-1 831.622 589.8613 068.8115 302.19
Solvency
Equity ratio49.6 %16.7 %12.1 %19.0 %11.7 %
Gearing72.8 %266.9 %327.5 %230.2 %464.9 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.20.20.10.1
Current ratio0.20.20.20.10.1
Cash and cash equivalents1 679.70392.68111.62216.77224.56
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBA

Variable visualization

ROA:15.1%
Rating: 66/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:11.7%
Rating: 12/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Chief executive officer
Board member
Board member

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