AFK FORMUE ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About AFK FORMUE ApS
AFK FORMUE ApS (CVR number: 34882398) is a company from KØBENHAVN. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a decline of -79.6 % compared to the previous year. The operating profit percentage was poor at -80.4 % (EBIT: -0.1 mDKK), while net earnings were -111.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -43.2 %, which can be considered poor and Return on Equity (ROE) was -60.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 83.4 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. AFK FORMUE ApS's liquidity measured by quick ratio was 6 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 financialsNet sales (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Volume | |||||
Net sales | 787.36 | 713.58 | 593.19 | 673.06 | 137.61 |
Gross profit | 345.20 | 367.06 | 206.17 | 281.31 | -6.16 |
EBIT | -60.24 | 159.03 | -29.68 | 35.23 | - 110.61 |
Net earnings | -68.50 | 140.77 | -34.62 | 32.62 | - 111.92 |
Shareholders equity total | 109.64 | 250.41 | 215.79 | 248.41 | 123.74 |
Balance sheet total (assets) | 177.97 | 367.18 | 341.89 | 363.90 | 148.40 |
Net debt | -90.74 | - 202.90 | - 145.90 | - 106.41 | -43.30 |
Profitability | |||||
EBIT-% | -7.7 % | 22.3 % | -5.0 % | 5.2 % | -80.4 % |
ROA | -28.9 % | 58.3 % | -8.4 % | 10.0 % | -43.2 % |
ROE | -47.6 % | 78.2 % | -14.9 % | 14.1 % | -60.2 % |
ROI | -41.8 % | 88.3 % | -12.7 % | 15.2 % | -59.4 % |
Economic value added (EVA) | -60.70 | 141.53 | -32.07 | 31.72 | - 117.75 |
Solvency | |||||
Equity ratio | 61.6 % | 68.2 % | 63.1 % | 68.3 % | 83.4 % |
Gearing | |||||
Relative net indebtedness % | -2.8 % | -12.1 % | -3.3 % | 1.3 % | -13.5 % |
Liquidity | |||||
Quick ratio | 1.4 | 2.4 | 2.0 | 2.1 | 6.0 |
Current ratio | 1.4 | 2.4 | 2.0 | 2.1 | 6.0 |
Cash and cash equivalents | 90.74 | 202.90 | 145.90 | 106.41 | 43.30 |
Capital use efficiency | |||||
Trade debtors turnover (days) | 32.3 | 51.8 | 60.0 | 207.8 | |
Net working capital % | 3.1 % | 23.2 % | 22.0 % | 19.4 % | 89.9 % |
Credit risk | |||||
Credit rating | BB | BB | BBB | BBB | BB |
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