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Formas ApS — Credit Rating and Financial Key Figures
Credit rating
Company information
About Formas ApS
Formas ApS (CVR number: 36689056) is a company from KØBENHAVN. The company recorded a gross profit of -42.9 kDKK in 2024. The operating profit was -42.9 kDKK, while net earnings were -147.5 kDKK. The profitability of the company measured by Return on Assets (ROA) was -1.7 %, which can be considered poor and Return on Equity (ROE) was -5.3 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 58.3 %, 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. Formas ApS's liquidity measured by quick ratio was 2.5 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 financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | -18.77 | -17.61 | -52.97 | -18.19 | -42.89 |
| EBIT | -18.77 | -17.61 | -52.97 | -18.19 | -42.89 |
| Net earnings | 398.10 | 621.17 | 639.50 | - 146.27 | - 147.51 |
| Shareholders equity total | 1 721.13 | 2 342.30 | 2 981.80 | 2 835.53 | 2 688.02 |
| Balance sheet total (assets) | 4 782.79 | 5 487.97 | 6 285.25 | 4 700.86 | 4 896.83 |
| Net debt | 2 880.15 | 2 566.39 | 2 134.83 | 1 594.37 | 1 789.63 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 12.7 % | 16.1 % | 16.1 % | -0.3 % | -1.7 % |
| ROE | 19.7 % | 30.6 % | 24.0 % | -5.0 % | -5.3 % |
| ROI | 13.0 % | 16.6 % | 16.6 % | -0.3 % | -1.7 % |
| Economic value added (EVA) | - 225.22 | - 248.00 | - 308.87 | - 330.54 | - 268.50 |
| Solvency | |||||
| Equity ratio | 36.0 % | 42.7 % | 47.4 % | 60.3 % | 58.3 % |
| Gearing | 170.2 % | 127.6 % | 104.2 % | 64.0 % | 71.2 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.6 | 1.7 | 1.9 | 2.5 | 2.5 |
| Current ratio | 1.6 | 1.7 | 1.9 | 2.5 | 2.2 |
| Cash and cash equivalents | 49.93 | 421.46 | 972.31 | 220.78 | 125.34 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BBB | BBB | BBB | BB | BB |
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