ForMotion Denmark A/S — Credit Rating and Financial Key Figures

CVR number: 30703502
Børstenbindervej 12 A, 5230 Odense M
denmark@formotion.com
tel: 63150505

Company information

Official name
ForMotion Denmark A/S
Personnel
76 persons
Established
2007
Company form
Limited company
Industry

About ForMotion Denmark A/S

ForMotion Denmark A/S (CVR number: 30703502) is a company from ODENSE. The company recorded a gross profit of 42 mDKK in 2024. The operating profit was 1930.5 kDKK, while net earnings were 1312.3 kDKK. The profitability of the company measured by Return on Assets (ROA) was 5.7 %, which can be considered decent and Return on Equity (ROE) was 7.5 %, which can be considered decent. The equity ratio, a key indicator for solidity, stood at 47.2 %, 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. ForMotion Denmark A/S'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
2020
2021
2022
2023
2024
Volume
Net sales
Gross profit35 442.8132 685.3831 912.7936 527.1241 951.00
EBIT1 741.811 442.45-2 504.69-3 587.281 930.53
Net earnings1 329.23935.13-1 989.33-2 857.831 312.33
Shareholders equity total20 680.6021 615.7319 626.4016 768.5718 080.89
Balance sheet total (assets)34 863.0431 117.0735 290.1629 328.4038 335.07
Net debt-9 963.64-6 866.29- 218.64- 155.48-2 802.70
Profitability
EBIT-%
ROA5.1 %4.5 %-7.4 %-10.8 %5.7 %
ROE6.2 %4.4 %-9.6 %-15.7 %7.5 %
ROI7.6 %6.8 %-10.3 %-15.3 %8.4 %
Economic value added (EVA)15.7091.50-3 044.77-4 112.36489.44
Solvency
Equity ratio59.3 %69.5 %55.6 %57.2 %47.2 %
Gearing0.7 %0.0 %33.3 %15.3 %46.3 %
Relative net indebtedness %
Liquidity
Quick ratio2.02.11.51.61.4
Current ratio2.32.92.02.11.8
Cash and cash equivalents10 114.566 873.046 751.632 725.5111 168.26
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingAABBBBBBA

Variable visualization

ROA:5.71%
Rating: 45/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:47.2%
Rating: 38/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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