NETFORM ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About NETFORM ApS
NETFORM ApS (CVR number: 73546419) is a company from SLAGELSE. The company reported a net sales of 0.1 mDKK in 2023, demonstrating a decline of -11 % compared to the previous year. The operating profit percentage was poor at -27.8 % (EBIT: -0 mDKK), while net earnings were -12.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 0.2 %, which can be considered weak but Return on Equity (ROE) was -1.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 31.3 %, 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. NETFORM ApS's liquidity measured by quick ratio was 5.6 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 | 122.77 | 122.44 | 123.34 | 136.05 | 121.12 |
Gross profit | 8.16 | 0.91 | 22.02 | 27.07 | 26.01 |
EBIT | -30.94 | -43.59 | -31.59 | -25.67 | -33.64 |
Net earnings | - 107.49 | 72.24 | -55.62 | -63.90 | -12.59 |
Shareholders equity total | 1 224.13 | 1 172.03 | 987.98 | 809.68 | 695.07 |
Balance sheet total (assets) | 2 935.30 | 2 893.30 | 2 707.72 | 2 436.05 | 2 224.14 |
Net debt | 1 001.14 | 961.56 | 1 092.98 | 1 250.06 | 1 326.25 |
Profitability | |||||
EBIT-% | -25.2 % | -35.6 % | -25.6 % | -18.9 % | -27.8 % |
ROA | -0.6 % | 3.6 % | 0.4 % | 0.7 % | 0.2 % |
ROE | -8.1 % | 6.0 % | -5.2 % | -7.1 % | -1.7 % |
ROI | -0.6 % | 3.7 % | -1.4 % | -2.1 % | 0.2 % |
Economic value added (EVA) | -72.59 | -82.39 | -85.88 | -85.10 | -94.80 |
Solvency | |||||
Equity ratio | 41.7 % | 40.5 % | 36.5 % | 33.2 % | 31.3 % |
Gearing | 136.8 % | 142.8 % | 168.0 % | 196.9 % | 214.1 % |
Relative net indebtedness % | 845.8 % | 823.9 % | 934.8 % | 942.3 % | 1128.5 % |
Liquidity | |||||
Quick ratio | 8.2 | 7.4 | 5.2 | 4.3 | 5.6 |
Current ratio | 8.2 | 7.4 | 5.2 | 4.3 | 5.6 |
Cash and cash equivalents | 672.86 | 712.44 | 566.71 | 344.30 | 162.16 |
Capital use efficiency | |||||
Trade debtors turnover (days) | |||||
Net working capital % | -31.9 % | -77.9 % | 11.0 % | 41.4 % | 52.3 % |
Credit risk | |||||
Credit rating | BBB | BBB | A | BBB | BBB |
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