A/S Formula IT

CVR 43379941 · Public limited company (A/S) · Active · Low risk

A/S Formula IT is a Public limited company (A/S), founded on , based in Vallensbæk. The company is registered in the industry engroshandel med informations- og kommunikationsudstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 4 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 4.9m and a net result of DKK 1.4m. CEO: Fróði Magnussen, Claus Holdgaard Andersen.

Bankruptcy risk for A/S Formula IT

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Website registeredYes · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

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
43379941
Status
Active
Company type
Public limited company (A/S)
Founded
(4 years)
Address
Jydekrogen 7
2625 Vallensbæk
Municipality
Vallensbæk
Industry
Engroshandel med informations- og kommunikationsudstyr (465000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 500k
Auditor
AIDER Slagelse og Nyborg Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 4
Missing annual reportNo
Negative equityNo
Equity ratio50.0%
Current ratio196%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address19
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 5.9mDKK 5.5m
Net profitDKK 1.4mDKK 1.4m
EquityDKK 4.9mDKK 3.5m
Total assetsDKK 9.8mDKK 8.7m
CashDKK 4.4m–
Short-term debtDKK 4.9m–
Tax owedDKK 0–
Avg. employees5–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · DANSK REVISION SLAGELSE GODKENDT REVISIONSAKTIESELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202558
1 Jan 2024 – 31 Dec 202466
1 Jan 2023 – 31 Dec 202394
16 Jun 2022 – 31 Dec 202265

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

RoleNameFromTo
CEOFróði MagnussenCurrent
CEOClaus Holdgaard AndersenCurrent
BoardFróði MagnussenCurrent
BoardThomas Østergaard NielsenCurrent
BoardGert JoensenCurrent
BoardEyoun ThorsvigCurrent
BoardÁrni Arge
BoardEyoun Thorsvig
Owner (15%)Thomas Østergaard NielsenCurrent
Owner (15%)Claus Holdgaard AndersenCurrent
Owner (50%)P/F FormulaCurrent
Owner (100%)P/F Formula
AuditorAIDER Slagelse og Nyborg Godkendt RevisionsaktieselskabCurrent
Auditorinforevision statsautoriseret revisionsaktieselskab
FounderHafnia AdvokatpartnerselskabCurrent

The CEOs' other companies

Fróði Magnussen – 1 other companies

Address history (1 moves)

Jydekrogen 7, 2625 Vallensbæk
Vandmestervej 23, 2630 Taastrup

Other companies at the same address

Similar companies in Vallensbæk

Questions and answers about A/S Formula IT

Has A/S Formula IT gone bankrupt?

No, A/S Formula IT is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of A/S Formula IT?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of A/S Formula IT?

Fróði Magnussen, Claus Holdgaard Andersen are the CEOs of A/S Formula IT.

Who is the auditor of A/S Formula IT?

A/S Formula IT most recently used AIDER Slagelse og Nyborg Godkendt Revisionsaktieselskab.

When was A/S Formula IT founded?

A/S Formula IT was founded on 16 June 2022.

What is the equity of A/S Formula IT?

Equity was DKK 4.9m 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.