FLEX HOME A/S — Credit Rating and Financial Key Figures

CVR number: 31622425
Industrikrogen 7, 7200 Grindsted

Credit rating

Company information

Official name
FLEX HOME A/S
Established
2008
Company form
Limited company
Industry
  • Expand more icon25Manufacture of fabricated metal products, except machinery and equipment

About FLEX HOME A/S

FLEX HOME A/S (CVR number: 31622425) is a company from BILLUND. The company recorded a gross profit of 158.9 kDKK in 2023. The operating profit was 137.2 kDKK, while net earnings were 0.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 3.3 %, which can be considered weak and Return on Equity (ROE) was 0 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 25.9 %, 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. FLEX HOME A/S's liquidity measured by quick ratio was 0.5 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit22.1515.386.6694.08158.90
EBIT10.553.78-4.9494.08137.24
Net earnings-14.61-16.34-16.2079.980.21
Shareholders equity total830.53814.18797.98877.96878.17
Balance sheet total (assets)3 285.403 388.133 414.205 355.533 392.04
Net debt1 450.751 932.431 951.51513.711 431.15
Profitability
EBIT-%
ROA0.8 %0.6 %0.6 %2.8 %3.3 %
ROE-1.7 %-2.0 %-2.0 %9.5 %0.0 %
ROI0.8 %0.6 %0.6 %3.8 %4.5 %
Economic value added (EVA)-39.39-46.85-69.126.41123.89
Solvency
Equity ratio25.3 %24.0 %23.4 %16.4 %25.9 %
Gearing293.2 %313.7 %325.4 %254.9 %282.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.40.40.40.80.5
Current ratio0.40.40.40.80.5
Cash and cash equivalents984.12621.52644.711 723.991 051.99
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:3.30%
Rating: 37/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:25.9%
Rating: 23/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Board member
Chairman of the board
Board member
Board member

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