FREUND FINANS ApS — Credit Rating and Financial Key Figures

CVR number: 28123493
Svend Trøsts Vej 15, 1912 Frederiksberg C
mf@brandy.dk

Company information

Official name
FREUND FINANS ApS
Established
2004
Company form
Private limited company
Industry

About FREUND FINANS ApS

FREUND FINANS ApS (CVR number: 28123493) is a company from FREDERIKSBERG. The company recorded a gross profit of -11.8 kDKK in 2023. The operating profit was -61.5 kDKK, while net earnings were -155.8 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0 %, which can be considered weak but Return on Equity (ROE) was -1.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 99.8 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FREUND FINANS ApS's liquidity measured by quick ratio was 369.2 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
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit-30.01-93.95- 263.2231.11-11.75
EBIT-60.01- 123.95- 293.22-14.18-61.54
Net earnings- 173.07- 144.81- 455.73- 581.36- 155.83
Shareholders equity total11 931.2411 786.4311 274.2010 692.8410 478.11
Balance sheet total (assets)11 952.0011 819.7811 275.4510 712.8810 500.94
Net debt-9 240.15-9 185.57-8 898.67-8 111.09-7 667.62
Profitability
EBIT-%
ROA-1.1 %-0.8 %-3.5 %-1.8 %0.0 %
ROE-1.4 %-1.2 %-4.0 %-5.3 %-1.5 %
ROI-1.1 %-0.8 %-3.5 %-1.8 %0.0 %
Economic value added (EVA)- 127.99- 205.03- 374.07- 104.96- 181.49
Solvency
Equity ratio99.8 %99.7 %100.0 %99.8 %99.8 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio453.9280.87 411.0427.9369.2
Current ratio453.9280.87 411.0427.9369.2
Cash and cash equivalents9 240.159 185.578 898.678 111.097 667.62
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBABBBAA

Variable visualization

ROA:0.02%
Rating: 20/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:99.8%
Rating: 97/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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