FRIIS SOLUTIONS ApS — Credit Rating and Financial Key Figures

CVR number: 37847879
Frederiksvej 15, 4180 Sorø

Credit rating

Company information

Official name
FRIIS SOLUTIONS ApS
Personnel
2 persons
Established
2016
Company form
Private limited company
Industry

About FRIIS SOLUTIONS ApS

FRIIS SOLUTIONS ApS (CVR number: 37847879) is a company from SORØ. The company recorded a gross profit of 1461.3 kDKK in 2024. The operating profit was 112.1 kDKK, while net earnings were 124.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 11 %, which can be considered good and Return on Equity (ROE) was 11.5 %, which can be considered good. The equity ratio, a key indicator for solidity, stood at 78.7 %, a level that can be considered to be good. This shows that a large part of the company's assets are funded by shareholders' equity, reducing financial risk. FRIIS SOLUTIONS ApS's liquidity measured by quick ratio was 4.3 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 profit790.591 774.531 653.172 118.601 461.30
EBIT- 171.58432.21428.43709.20112.07
Net earnings- 134.26333.25324.85599.78124.81
Shareholders equity total96.93390.18600.631 082.611 085.43
Balance sheet total (assets)450.62931.46930.071 713.551 379.03
Net debt- 214.94- 209.11- 383.22- 858.03- 803.83
Profitability
EBIT-%
ROA-42.5 %62.5 %46.5 %58.5 %11.0 %
ROE-81.8 %136.8 %65.6 %71.3 %11.5 %
ROI-103.0 %172.1 %83.5 %89.0 %15.2 %
Economic value added (EVA)- 142.73342.32325.32542.5875.10
Solvency
Equity ratio21.5 %41.9 %64.6 %63.2 %78.7 %
Gearing3.4 %3.1 %5.7 %1.8 %5.0 %
Relative net indebtedness %
Liquidity
Quick ratio1.31.62.42.44.3
Current ratio1.31.62.42.44.3
Cash and cash equivalents218.25221.06417.63877.27858.25
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBB

Variable visualization

ROA:11.0%
Rating: 60/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:78.7%
Rating: 59/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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