NOVOCAR A/S
CVR 42581534 · Public limited company (A/S) · Active · Very high risk
NOVOCAR A/S is a Public limited company (A/S), founded on , based in Grindsted. The company is registered in the industry detailhandel med motorkøretøjer. Our model estimates a bankruptcy risk of 12.9% over the next 12 months, which is 9.2 times the average for Danish companies. 4 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -3.0m and a net result of DKK -649k.
Bankruptcy risk for NOVOCAR A/S
9.2 × the average (1.41%) · higher risk than 98% 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
- 42581534
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (5 years)
- Address
- Østerbrogade 1
7200 Grindsted - Municipality
- Billund
- Industry
- Detailhandel med motorkøretøjer (478100)
Bankruptcies in the industry: Autoreparationsværksteder mv. - Share capital
- DKK 400k
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 2 of 4 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -312.5% |
| Current ratio | 42% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 1 |
| CEO's previous bankruptcies | 1 |
| Other companies at the address | 3 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 75k | DKK -134k |
| Net profit | DKK -649k | DKK -2.7m |
| Equity | DKK -3.0m | DKK -2.4m |
| Total assets | DKK 974k | DKK 1.8m |
| Cash | DKK 165k | – |
| Short-term debt | DKK 2.0m | – |
| Avg. employees | 1 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 181 | ||
| 1 Jan 2024 – 31 Dec 2024 | 192 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 178 | ||
| 5 Aug 2021 – 31 Dec 2022 | 183 |
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 | Thilaxsan Kugendiran | ||
| Board | Arun Rajasingam | Current | |
| Board | Nijantha Sevam Thilaxsan | Current | |
| Board | Luxsaan Sivakumar | Current | |
| Board | Thilaxsan Kugendiran | ||
| Board | Thinohjan Kugendiran | ||
| Board | Larshan Perinpam | ||
| Board | Arun Rajasingam | ||
| Board | Nijantha Sevam Thilaxsan | ||
| Owner (50%) | Arun Rajasingam | Current | |
| Owner (33%) | TK GROUP OF COMPANIES ApS | Current | |
| Owner (100%) | TK GROUP OF COMPANIES ApS | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | ||
| Founder | TK GROUP OF COMPANIES ApS | Current |
The CEOs' other companies
Thilaxsan Kugendiran – 5 other companies, of which 2 bankrupt
- ATE BILHANDEL ApS Bankrupt 16 May 2024
- PM COMPANY ApS Bankrupt 13 Dec 2023
- ST BILHANDEL ApS Opløst
- THE INVEST GROUP ApS Active
- TK GROUP OF COMPANIES ApS Active
Address history (1 moves)
| Østerbrogade 1, 7200 Grindsted | |
| Baldersvej 2, 7200 Grindsted |
Former names
| NOVOCAR A/S | – now |
| NOVOCAR ApS | – |
| Novocar ApS | – |
Other companies at the same address
- BK AUTODELE A/S Bankrupt
- JS AU2DELE ApS Bankrupt
- TK GROUP OF COMPANIES ApS Active
Similar companies in Billund
- RENÉ SCHRÖTER A/S Grindsted
- Bilstaden ApS Vorbasse
- 90er Biler ApS Hejnsvig
- ARI Biler ApS Grindsted
- ABiler A/S Billund
- Vesti El-biler & Autoteknik ApS Grindsted
- Fuglholt Biler ApS Grindsted
- MA-Bilhandel ApS Grindsted
- STOFFERS AUTO A/S Grindsted
- MJUNKER.DK ApS Grindsted
- Grindsted Lokalsyn ApS Grindsted
- JENSEN & NØRGÅRD A/S Grindsted
Questions and answers about NOVOCAR A/S
Has NOVOCAR A/S gone bankrupt?
No, NOVOCAR A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of NOVOCAR A/S?
Our model estimates a bankruptcy risk of 12.9% over the next 12 months (very high risk), which is 9.2 times the average for Danish companies.
Who is the auditor of NOVOCAR A/S?
NOVOCAR A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was NOVOCAR A/S founded?
NOVOCAR A/S was founded on 5 August 2021.
What is the equity of NOVOCAR A/S?
Equity was DKK -3.0m 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.