ADFORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ADFORM A/S
ADFORM A/S (CVR number: 26434815K) is a company from KØBENHAVN. The company reported a net sales of 102.4 mEUR in 2024, demonstrating a growth of 15.5 % compared to the previous year. The operating profit percentage was at 11.8 % (EBIT: 12.1 mEUR), while net earnings were 9279 kEUR. The profitability of the company measured by Return on Assets (ROA) was 11.3 %, which can be considered good but Return on Equity (ROE) was 20.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 34.4 %, 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. ADFORM A/S's liquidity measured by quick ratio was 1.4 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 (mEUR)
EBIT (mEUR)
Profitability
Solidity
Key figures (mEUR)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 74.33 | 87.44 | 92.06 | 88.61 | 102.39 |
Gross profit | 69.54 | 81.21 | 82.92 | 83.60 | 96.05 |
EBIT | 3.88 | 10.92 | 7.64 | 5.15 | 12.08 |
Net earnings | 1.87 | 11.51 | 5.86 | 3.25 | 9.28 |
Shareholders equity total | 22.77 | 32.49 | 38.41 | 41.71 | 49.23 |
Balance sheet total (assets) | 127.84 | 140.31 | 128.63 | 133.61 | 146.67 |
Net debt | -19.73 | -33.68 | -36.24 | -40.87 | -47.69 |
Profitability | |||||
EBIT-% | 5.2 % | 12.5 % | 8.3 % | 5.8 % | 11.8 % |
ROA | 6.7 % | 10.3 % | 10.5 % | 7.8 % | 11.3 % |
ROE | 8.7 % | 41.7 % | 16.5 % | 8.1 % | 20.4 % |
ROI | 23.7 % | 38.8 % | 34.2 % | 21.4 % | 27.7 % |
Economic value added (EVA) | 5.25 | 13.05 | 5.87 | 3.37 | 9.49 |
Solvency | |||||
Equity ratio | 17.8 % | 23.5 % | 30.4 % | 32.2 % | 34.4 % |
Gearing | 8.6 % | 6.7 % | |||
Relative net indebtedness % | 114.8 % | 84.8 % | 58.6 % | 53.5 % | 45.4 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 |
Current ratio | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 |
Cash and cash equivalents | 19.73 | 33.68 | 36.24 | 44.47 | 51.00 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 365.5 | 305.3 | 248.8 | 239.9 | 218.6 |
Net working capital % | 1.0 % | 10.6 % | 19.2 % | 24.2 % | 29.0 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | A |
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