FASTFORWARD ApS — Credit Rating and Financial Key Figures

CVR number: 35048219
Esromgade 15, 2200 København N
tobias@ffw.io
tel: 21327088

Company information

Official name
FASTFORWARD ApS
Established
2013
Company form
Private limited company
Industry

About FASTFORWARD ApS

FASTFORWARD ApS (CVR number: 35048219) is a company from KØBENHAVN. The company recorded a gross profit of -66.5 kDKK in 2024. The operating profit was -1199.3 kDKK, while net earnings were -1152.9 kDKK. The profitability of the company measured by Return on Assets (ROA) was -24.2 %, which can be considered poor and Return on Equity (ROE) was -57.4 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 9.2 %, a level that can be considered to be very low. This means the company is highly leveraged, with most assets financed through debt. This high level of financial risk could pose challenges in periods of financial distress or rising interest rates. FASTFORWARD ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

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 profit133.39162.6954.8575.86-66.46
EBIT- 726.78- 986.00-1 347.73-1 278.58-1 199.28
Net earnings- 474.25- 782.27-1 105.09- 995.30-1 152.92
Shareholders equity total617.85- 164.42-1 269.51-2 264.81366.71
Balance sheet total (assets)5 150.395 932.235 518.293 648.123 990.56
Net debt3 350.605 191.655 736.344 363.741 627.28
Profitability
EBIT-%
ROA-15.2 %-17.5 %-20.9 %-20.1 %-24.2 %
ROE-55.5 %-23.9 %-19.3 %-21.7 %-57.4 %
ROI-16.0 %-17.9 %-21.5 %-22.5 %-27.9 %
Economic value added (EVA)- 624.38- 961.16-1 306.18-1 162.05-1 145.91
Solvency
Equity ratio12.0 %-2.7 %-18.7 %-38.3 %9.2 %
Gearing581.2 %-3158.7 %-462.7 %-193.4 %850.3 %
Relative net indebtedness %
Liquidity
Quick ratio0.20.10.10.00.7
Current ratio0.20.10.10.00.7
Cash and cash equivalents240.501.69138.2716.591 490.85
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBCBB

Variable visualization

ROA:-24.2%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:9.19%
Rating: 9/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chairman of the board
Board member

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