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First M ApS — Credit Rating and Financial Key Figures

CVR number: 38041762
Erantisvej 77, 8700 Horsens
Free credit report Annual report

Credit rating

Company information

Official name
First M ApS
Personnel
1 person
Established
2016
Company form
Private limited company
Industry

About First M ApS

First M ApS (CVR number: 38041762) is a company from HORSENS. The company recorded a gross profit of 839.2 kDKK in 2025. The operating profit was 78.7 kDKK, while net earnings were 53.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was 18.4 %, which can be considered excellent and Return on Equity (ROE) was 15.8 %, which can be considered excellent. The equity ratio, a key indicator for solidity, stood at 86.6 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. First M ApS's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
2021
2022
2023
2024
2025
Volume
Net sales
Gross profit507.42471.97656.89454.73839.20
EBIT28.5596.8356.0985.9478.69
Net earnings8.2757.1640.7963.4053.21
Shareholders equity total149.19206.35247.14310.54363.75
Balance sheet total (assets)449.61324.25368.28435.65419.88
Net debt187.806.29- 130.79-99.83-38.43
Profitability
EBIT-%
ROA5.5 %25.0 %16.2 %21.4 %18.4 %
ROE5.7 %32.2 %18.0 %22.7 %15.8 %
ROI6.9 %31.4 %21.4 %28.7 %22.9 %
Economic value added (EVA)-1.9055.3630.2352.5142.85
Solvency
Equity ratio33.2 %63.6 %67.1 %71.3 %86.6 %
Gearing145.0 %17.2 %14.6 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.41.81.01.4
Current ratio0.61.12.21.03.3
Cash and cash equivalents28.5329.26166.8999.8338.43
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBBBBB

Variable visualization

ROA:18.4%
Rating: 71/100
-20%
0%
4%
11%
24%
60%
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Equity ratio:86.6%
Rating: 66/100
-1%
21%
50%
81%
99%
100%
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Roles

Companies in the same industry

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