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FORENEDE SERVICE A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About FORENEDE SERVICE A/S
FORENEDE SERVICE A/S (CVR number: 11394914) is a company from BALLERUP. The company reported a net sales of 977.7 mDKK in 2025, demonstrating a growth of 3 % compared to the previous year. The operating profit percentage was at 0 % (EBIT: 0.5 mDKK), while net earnings were -2983 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.4 %, which can be considered weak but Return on Equity (ROE) was -3.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 29.2 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. FORENEDE SERVICE A/S'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 financialsNet sales (mDKK)
EBIT (mDKK)
Profitability
Solidity
Key figures (mDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | 790.25 | 892.10 | 939.84 | 949.43 | 977.66 |
| Gross profit | 633.52 | 712.14 | 749.76 | 774.03 | 761.69 |
| EBIT | -14.27 | -38.52 | -29.18 | -0.84 | 0.46 |
| Net earnings | -11.71 | -30.30 | -29.52 | -1.06 | -2.98 |
| Shareholders equity total | 154.02 | 123.72 | 94.19 | 93.14 | 90.15 |
| Balance sheet total (assets) | 437.05 | 496.15 | 496.25 | 308.00 | 308.75 |
| Net debt | 18.76 | 11.21 | |||
| Profitability | |||||
| EBIT-% | -1.8 % | -4.3 % | -3.1 % | -0.1 % | 0.0 % |
| ROA | -3.3 % | -8.3 % | -5.9 % | 2.7 % | 0.4 % |
| ROE | -7.3 % | -21.8 % | -27.1 % | -1.1 % | -3.3 % |
| ROI | -3.8 % | -8.3 % | -5.9 % | 3.5 % | 1.2 % |
| Economic value added (EVA) | -26.91 | -46.26 | -35.39 | -5.33 | -5.32 |
| Solvency | |||||
| Equity ratio | 100.0 % | 100.0 % | 100.0 % | 30.2 % | 29.2 % |
| Gearing | 24.4 % | 24.1 % | |||
| Relative net indebtedness % | 22.2 % | 21.3 % | |||
| Liquidity | |||||
| Quick ratio | 1.5 | 1.5 | |||
| Current ratio | 2.0 | 2.0 | |||
| Cash and cash equivalents | 3.97 | 10.56 | |||
| Capital use efficiency | |||||
| Trade debtors turnover (days) | 61.5 | 59.9 | |||
| Net working capital % | 13.9 % | 13.8 % | |||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BBB | BBB |
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