FORTITECH EUROPE ApS — Credit Rating and Financial Key Figures

CVR number: 26701783
Kirkebjerg Allé 88, 2605 Brøndby

Company information

Official name
FORTITECH EUROPE ApS
Established
2002
Company form
Private limited company
Industry

About FORTITECH EUROPE ApS

FORTITECH EUROPE ApS (CVR number: 26701783) is a company from BRØNDBY. The company recorded a gross profit of -8.2 kEUR in 2023. The operating profit was -8.2 kEUR, while net earnings were 700 kEUR. The profitability of the company measured by Return on Assets (ROA) was 3.2 %, which can be considered weak and Return on Equity (ROE) was 3.2 %, which can be considered weak. The equity ratio, a key indicator for solidity, stood at 100 %, a level that can be considered to be very good, which means that the majority of assets are financed by equity. FORTITECH EUROPE ApS's liquidity measured by quick ratio was 0 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 (kEUR)

EBIT (kEUR)

Profitability

Solidity

Key figures (kEUR)

See financials
2019
2020
2021
2022
2023
Volume
Net sales
Gross profit- 103.51- 128.07172.6256.98-8.20
EBIT- 849.69- 353.66172.6256.98-8.20
Net earnings- 964.319.0855.0057.63700.04
Shareholders equity total21 639.3021 648.3821 703.3821 761.0122 461.05
Balance sheet total (assets)21 930.2423 933.3121 703.3821 761.0122 461.05
Net debt-20.06-2 244.98-19.91-2.40-0.51
Profitability
EBIT-%
ROA-3.8 %-1.5 %0.8 %0.3 %3.2 %
ROE-4.4 %0.0 %0.3 %0.3 %3.2 %
ROI-3.8 %-1.6 %0.8 %0.3 %3.2 %
Economic value added (EVA)-2 013.68-1 337.47- 802.40-1 032.61-1 101.57
Solvency
Equity ratio98.7 %90.5 %100.0 %100.0 %100.0 %
Gearing
Relative net indebtedness %
Liquidity
Quick ratio67.79.6
Current ratio67.79.6
Cash and cash equivalents20.062 244.9819.912.400.51
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBBBBBB

Variable visualization

ROA:3.20%
Rating: 36/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:100.0%
Rating: 100/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

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