FORMKON A/S — Credit Rating and Financial Key Figures

CVR number: 14249079
Frisenborgvej 19, 7800 Skive
formkon@formkon.dk
tel: 97510100
www.formkon.dk
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Company information

Official name
FORMKON A/S
Personnel
64 persons
Established
1990
Company form
Limited company
Industry

About FORMKON A/S

FORMKON A/S (CVR number: 14249079) is a company from SKIVE. The company recorded a gross profit of 46.2 mDKK in 2024. The operating profit was 7117.2 kDKK, while net earnings were 5190.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was 13.9 %, which can be considered good but Return on Equity (ROE) was 17.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 52.7 %, 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. FORMKON A/S's liquidity measured by quick ratio was 1.9 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 profit42 411.2642 473.5740 652.1450 552.0146 151.63
EBIT12 198.508 193.984 552.4413 088.707 117.18
Net earnings9 351.576 303.473 224.789 792.765 190.47
Shareholders equity total20 892.7626 196.2322 421.0129 713.7729 904.24
Balance sheet total (assets)49 825.4362 933.5642 631.2747 551.8856 767.47
Net debt-4 463.2616 292.633 599.49-1 289.16-6 069.02
Profitability
EBIT-%
ROA24.9 %14.8 %9.0 %29.2 %13.9 %
ROE52.0 %26.8 %13.3 %37.6 %17.4 %
ROI37.6 %19.0 %10.9 %34.9 %16.2 %
Economic value added (EVA)8 041.814 711.77911.688 403.103 643.57
Solvency
Equity ratio45.6 %41.6 %52.6 %62.5 %52.7 %
Gearing17.9 %64.7 %16.2 %10.9 %12.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.71.21.21.71.9
Current ratio1.41.31.72.22.3
Cash and cash equivalents8 203.68651.3143.884 517.049 668.06
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:13.9%
Rating: 64/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:52.7%
Rating: 42/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member
Board member

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