ADFORM A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About ADFORM A/S
ADFORM A/S (CVR number: 26434815) is a company from KØBENHAVN. The company reported a net sales of 88 mEUR in 2024, demonstrating a growth of 11.5 % compared to the previous year. The operating profit percentage was at 8.3 % (EBIT: 7.3 mEUR), while net earnings were 8105 kEUR. The profitability of the company measured by Return on Assets (ROA) was 8.4 %, which can be considered good but Return on Equity (ROE) was 19 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 35.8 %, 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 | 65.94 | 77.49 | 79.29 | 78.95 | 88.05 |
Gross profit | 60.86 | 71.09 | 72.12 | 76.83 | 86.66 |
EBIT | 0.25 | 7.27 | 3.88 | 1.46 | 7.28 |
Net earnings | 1.42 | 11.20 | 5.11 | 3.52 | 8.11 |
Shareholders equity total | 21.50 | 30.94 | 35.90 | 39.47 | 45.78 |
Balance sheet total (assets) | 115.20 | 124.82 | 115.22 | 130.53 | 131.11 |
Net debt | -15.28 | -24.27 | -24.41 | -20.50 | -26.68 |
Profitability | |||||
EBIT-% | 0.4 % | 9.4 % | 4.9 % | 1.9 % | 8.3 % |
ROA | 4.2 % | 10.0 % | 10.3 % | 7.1 % | 8.4 % |
ROE | 6.9 % | 42.7 % | 15.3 % | 9.3 % | 19.0 % |
ROI | 17.8 % | 45.9 % | 32.1 % | 16.0 % | 17.1 % |
Economic value added (EVA) | 0.89 | 5.46 | 2.86 | 1.49 | 6.30 |
Solvency | |||||
Equity ratio | 18.7 % | 25.1 % | 31.7 % | 31.1 % | 35.8 % |
Gearing | 29.2 % | 56.5 % | 41.8 % | ||
Relative net indebtedness % | 118.9 % | 89.8 % | 56.0 % | 61.1 % | 44.9 % |
Liquidity | |||||
Quick ratio | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 |
Current ratio | 1.0 | 1.1 | 1.2 | 1.2 | 1.4 |
Cash and cash equivalents | 15.28 | 24.27 | 34.90 | 42.79 | 45.81 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 371.9 | 301.6 | 233.4 | 254.1 | 234.4 |
Net working capital % | -2.0 % | 10.1 % | 21.3 % | 28.3 % | 33.8 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | A | AA |
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