FORMULA LEASING A/S
CVR 33065477 · Public limited company (A/S) · Active · Low risk
FORMULA LEASING A/S is a Public limited company (A/S), founded on , based in Kongens Lyngby. The company is registered in the industry udlejning og leasing af biler og lette motorkøretøjer. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 15 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 171.5m and a net result of DKK 41.4m. CEO: Mikkel Noes Westergaard.
Bankruptcy risk for FORMULA LEASING A/S
0.1 × the average (1.41%) · higher risk than 44% of active Danish companies
Increases the risk
Reduces the risk
The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.
Company details
- CVR number
- 33065477
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (16 years)
- Address
- Lundtoftegårdsvej 10
2800 Kongens Lyngby - Municipality
- Lyngby-Taarbæk
- Industry
- Udlejning og leasing af biler og lette motorkøretøjer (771100)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n. - Share capital
- DKK 500k
- Employees
- 5 (2018)
- Auditor
- PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 4 of 15 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 11.2% |
| Current ratio | 120% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 17 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 23.2m | DKK -493k |
| Net profit | DKK 41.4m | DKK 13.5m |
| Equity | DKK 171.5m | DKK 130.1m |
| Total assets | DKK 1.5bn | DKK 1.3bn |
| Cash | DKK 27k | – |
| Short-term debt | DKK 1.3bn | – |
| Tax owed | DKK 11.5m | – |
| Avg. employees | 13 | – |
Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 154 | ||
| 1 Jan 2024 – 31 Dec 2024 | 186 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 186 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 181 | ||
| 1 Jan 2021 – 31 Dec 2021 | 179 | ||
| 1 Jan 2020 – 31 Dec 2020 | 186 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 254 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 160 | ||
| 1 Jan 2017 – 31 Dec 2017 | 170 | ||
| 1 Jan 2016 – 31 Dec 2016 | 159 | ||
| 1 Jan 2015 – 31 Dec 2015 | 154 | ||
| 1 Jan 2014 – 31 Dec 2014 | 159 | ||
| 1 Jan 2013 – 31 Dec 2013 | 157 | ||
| 1 Jan 2012 – 31 Dec 2012 | 127 | ||
| 9 Jul 2010 – 31 Dec 2011 | 159 |
The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.
Management, owners and auditor
| Role | Name | From | To |
|---|---|---|---|
| CEO | Mikkel Noes Westergaard | Current | |
| CEO | Kim Gruhl | ||
| Board | Carsten Kultoft Lorentsen | Current | |
| Board | Johnny Laursen | Current | |
| Board | Jesper Viskum Schak | Current | |
| Board | Erwin Kronborg Tøt | Current | |
| Board | Jakob Thaysen | ||
| Board | Jan Dal Lehrmann | ||
| Board | Peter Heller Bøckel | ||
| Board | Mikkel Noes Westergaard | ||
| Owner (100%) | Formula Holding 2017 A/S | Current | |
| Owner (100%) | FORMULA AUTOMOBILE A/S | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | EY Godkendt Revisionspartnerselskab | ||
| Founder | FORMULA AUTOMOBILE A/S | Current |
The CEOs' other companies
Mikkel Noes Westergaard – 10 other companies
- BJERGSØ HOLDING ApS Active
- British MotorGroup A/S Active
- CRAFT BEER BAR HOLDING ApS Active
- Craft Brewery Holding ApS Active
- FORMULA AUTOMOBILE A/S Active
- Formula Holding 2017 A/S Active
- MIKKELLER ApS Active
- MLA Leasing A/S Active
- Mikkel Noes Westergaard Holding ApS Active
- Repeatly Leasing A/S Active
Kim Gruhl – 5 other companies
- CORE Rental ApS Active
- Core Leasing A/S Active
- Investeringsselskabet CL ApS Active
- KIM GRUHL HOLDING ApS Active
- UCL HOLDING ApS Compulsorily dissolved
Address history (2 moves)
| Lundtoftegårdsvej 10, 2800 Kongens Lyngby | |
| Lundtoftegårdsvej 10, 2800 Kongens Lyngby | |
| Bjarkesvej 3, 3450 Allerød |
Employees per year
Other companies at the same address
- 16 BYG ApS Active
- 16 HOLDING ApS Active
- BC Finansselskab ApS Active
- Bencap Nord ApS Active
- Benjamin Finance ApS Active
- CAFE BENZON ApS Active
- DANSK SKRALDESUG 2008 ApS Opløst
- EJENDOMSSELSKABET AMERIKAVEJ 21 ApS Opløst
- FORMULA AUTOMOBILE A/S Active
- FORMULA SELECTED ApS Active
- Formula Holding 2017 A/S Active
- Formula Investment Cars ApS Active
- HALMTORVET 29 A/S Active
- Lundtoftegårdsvej ApS Active
- MHJ RACING ApS Active
- Repeatly Leasing A/S Active
- Urban Rønnegade ApS Active
Similar companies in Lyngby-Taarbæk
- JETRA TEKNIK ApS Kgs.Lyngby
- First Cars ApS Kongens Lyngby
- SPACE SEVEN APS Kongens Lyngby
- Repeatly Leasing A/S Kongens Lyngby
- car4you ApS Virum
- SALUS LEASING ApS Kongens Lyngby
- JL Visual ApS Virum
- PONTICULUS G.m.b.H. ApS Kongens Lyngby
- BREINHOLT & CO. ApS Kongens Lyngby
- ARKLINT HOLDING ApS Virum
- D.H.R.B. UDLEJNING ApS Kgs.Lyngby
- POLY-TRADE ApS Kgs.Lyngby
Questions and answers about FORMULA LEASING A/S
Has FORMULA LEASING A/S gone bankrupt?
No, FORMULA LEASING A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of FORMULA LEASING A/S?
Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.
Who is the CEO of FORMULA LEASING A/S?
Mikkel Noes Westergaard is the CEO of FORMULA LEASING A/S.
Who is the auditor of FORMULA LEASING A/S?
FORMULA LEASING A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was FORMULA LEASING A/S founded?
FORMULA LEASING A/S was founded on 9 July 2010.
What is the equity of FORMULA LEASING A/S?
Equity was DKK 171.5m according to the annual report for the period ending 31 December 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.