Faro underwriters ApS — Credit Rating and Financial Key Figures

CVR number: 40025626
Borupvang 3, 2750 Ballerup
jaj@faroforsikring.dk
tel: 43575114
www.faroforsikring.dk
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Company information

Official name
Faro underwriters ApS
Personnel
3 persons
Established
2018
Company form
Private limited company
Industry

About Faro underwriters ApS

Faro underwriters ApS (CVR number: 40025626) is a company from BALLERUP. The company recorded a gross profit of 2221.1 kDKK in 2024. The operating profit was 378.9 kDKK, while net earnings were -126.6 kDKK. The profitability of the company measured by Return on Assets (ROA) was 4.5 %, which can be considered decent but Return on Equity (ROE) was -167.7 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 54.5 %, 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. Faro underwriters ApS's liquidity measured by quick ratio was 2.1 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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit523.632 204.541 858.111 325.832 221.07
EBIT230.50569.34450.28- 792.24378.90
Net earnings178.50433.02311.65- 830.68- 126.56
Shareholders equity total224.75657.77969.42138.7412.18
Balance sheet total (assets)6 661.817 139.556 277.0610 240.886 898.48
Net debt1 608.671 612.541 587.751 471.134 858.72
Profitability
EBIT-%
ROA6.9 %8.3 %6.7 %-9.5 %4.5 %
ROE131.7 %98.1 %38.3 %-149.9 %-167.7 %
ROI24.3 %27.3 %18.2 %-37.1 %11.4 %
Economic value added (EVA)177.82348.78231.23- 923.87296.92
Solvency
Equity ratio3.4 %9.2 %15.4 %1.4 %54.5 %
Gearing723.1 %252.6 %170.2 %1075.8 %41840.9 %
Relative net indebtedness %
Liquidity
Quick ratio1.01.11.21.02.1
Current ratio1.01.11.21.02.1
Cash and cash equivalents16.4749.1562.3521.46237.50
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBB

Variable visualization

ROA:4.50%
Rating: 41/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:54.5%
Rating: 43/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

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