GLASSFOREVER A/S — Credit Rating and Financial Key Figures

CVR number: 31846927
Andkærvej 26 A, 7100 Vejle

Credit rating

Company information

Official name
GLASSFOREVER A/S
Personnel
3 persons
Established
2008
Company form
Limited company
Industry
  • Expand more icon46Wholesale trade, except of motor vehicles and motorcycles

About GLASSFOREVER A/S

GLASSFOREVER A/S (CVR number: 31846927) is a company from VEJLE. The company recorded a gross profit of 5627.1 kDKK in 2024. The operating profit was 2711 kDKK, while net earnings were 2122.4 kDKK. The profitability of the company measured by Return on Assets (ROA) was 27.5 %, which can be considered excellent and Return on Equity (ROE) was 31.3 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 54.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. GLASSFOREVER A/S's liquidity measured by quick ratio was 0.8 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

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 profit2 519.053 923.775 897.696 585.775 627.07
EBIT1 118.602 300.013 457.553 043.132 711.00
Net earnings845.521 773.032 694.542 372.522 122.35
Shareholders equity total4 312.275 585.307 779.848 474.375 096.73
Balance sheet total (assets)6 333.129 472.2210 204.7710 396.969 372.79
Net debt60.85-1 493.09- 603.44-1 122.49175.55
Profitability
EBIT-%
ROA17.2 %29.1 %35.2 %29.6 %27.5 %
ROE21.7 %35.8 %40.3 %29.2 %31.3 %
ROI24.7 %43.9 %51.5 %37.5 %36.4 %
Economic value added (EVA)699.991 595.562 499.452 010.381 749.16
Solvency
Equity ratio69.6 %65.5 %76.2 %81.5 %54.4 %
Gearing9.9 %0.8 %0.3 %0.2 %26.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.91.91.01.60.8
Current ratio3.22.43.94.92.1
Cash and cash equivalents367.351 535.90626.081 138.731 182.20
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAAAAA

Variable visualization

ROA:27.5%
Rating: 82/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.4%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer
Chairman of the board

Companies in the same industry

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