FLAMMEN A/S — Credit Rating and Financial Key Figures

CVR number: 32299687
Skovvangen 57, 6000 Kolding
tel: 44223356

Credit rating

Company information

Official name
FLAMMEN A/S
Personnel
766 persons
Established
2009
Company form
Limited company
Industry

About FLAMMEN A/S

FLAMMEN A/S (CVR number: 32299687) is a company from KOLDING. The company recorded a gross profit of 110.5 mDKK in 2023. The operating profit was 14.6 mDKK, while net earnings were 10.9 mDKK. The profitability of the company measured by Return on Assets (ROA) was 25 %, which can be considered excellent and Return on Equity (ROE) was 91.4 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 32 %, 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. FLAMMEN A/S's liquidity measured by quick ratio was 0.4 which is at a very low level. Thus, the company is in an unstable financial position, with its liquid assets significantly undermatching its current liabilities. This severe liquidity deficiency may lead to financial distress and threaten the company's operational continuity.

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 profit4 404.164 005.554 429.70106 971.82110 478.36
EBIT438.53- 390.94260.065 621.3414 628.82
Net earnings341.73- 308.26194.803 865.6410 935.83
Shareholders equity total506.19197.92392.726 496.9217 432.76
Balance sheet total (assets)1 810.132 094.552 855.9154 474.7862 733.17
Net debt2.628.87- 705.301 918.534 677.27
Profitability
EBIT-%
ROA23.7 %-20.0 %10.5 %19.6 %25.0 %
ROE101.9 %-87.6 %66.0 %112.2 %91.4 %
ROI54.7 %-63.3 %56.3 %52.3 %67.2 %
Economic value added (EVA)349.18- 315.91201.934 355.5511 728.87
Solvency
Equity ratio28.0 %9.4 %13.8 %14.4 %32.0 %
Gearing60.2 %95.7 %33.1 %222.8 %29.5 %
Relative net indebtedness %
Liquidity
Quick ratio0.30.50.60.60.4
Current ratio0.50.70.80.60.4
Cash and cash equivalents302.27180.52835.1012 554.09462.07
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:25.0%
Rating: 81/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:32.0%
Rating: 28/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Board member
Chief executive officer

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