First Cars ApS
CVR 43507907 · Private limited company (ApS) · Active · Very high risk
First Cars ApS is a Private limited company (ApS), 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 9.4% over the next 12 months, which is 6.7 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -283k and a net result of DKK -151k.
Bankruptcy risk for First Cars ApS
6.7 × the average (1.41%) · higher risk than 97% 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
- 43507907
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (4 years)
- Address
- c/o Business Center Lyngby, Lyngby Hovedgade 10C
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 40k
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 0 of 3 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -7,863.5% |
| Current ratio | 1% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 0 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 120 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK -87k | DKK -122k |
| Net profit | DKK -151k | DKK -97k |
| Equity | DKK -283k | DKK -132k |
| Total assets | DKK 3,593 | DKK 561k |
| Cash | DKK 3,593 | – |
| Short-term debt | DKK 286k | – |
| Avg. employees | 1 | – |
Latest annual report: Reporting class B · auditor's statement: No assurance.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 177 | ||
| 1 Jan 2024 – 31 Dec 2024 | 160 | ||
| 13 Sep 2022 – 31 Dec 2023 | 157 |
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 |
|---|---|---|---|
| Owner (100%) | Gulustan Ucak | Current | |
| Owner (50%) | Yasin Turan | ||
| Founder | Gulustan Ucak | Current |
Address history (2 moves)
| c/o Business Center Lyngby, Lyngby Hovedgade 10C, 2800 Kongens Lyngby | |
| c/o REGUS, Christians Brygge 28, 1559 København V | |
| Skovbo Alle 75, 2670 Greve |
Other companies at the same address
- AFSANDEBERG ApS Bankrupt
- AMY Shisha ApS Bankrupt
- Anpartsselskabet af 19. oktober 2011 Bankrupt
- BOKX Retail ApS Bankrupt
- Bangu Tech ApS Bankrupt
- EBIKECENTER, Lyngby ApS Bankrupt
- Erbofarma ApS Bankrupt
- FIRSTBORN ApS Bankrupt
- J-J Work ApS Bankrupt
- KK Entreprise IVS Bankrupt
- Lundsgaard Leasing ApS Bankrupt
- Nordens Gulvservice ApS Bankrupt
- Ocuvision ApS Bankrupt
- Simple Life ApS Bankrupt
- UNI FINANCE ApS Bankrupt
- VITTA ApS Bankrupt
- VÆKST & VISION ApS Bankrupt
- 360DENMARK ApS Fusioneret
- AB-GROUP ApS Active
- ABP Consultancy ApS Active
- ALCARO Rengøring Service ApS Compulsorily dissolved
- Altera Semiconductor Technology Denmark ApS Active
- Anduril Industries Denmark ApS Active
- Anpartsselskabet RiBi Opløst
- Anpartsselskabet af 4. juni 2016 Fusioneret
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Questions and answers about First Cars ApS
Has First Cars ApS gone bankrupt?
No, First Cars ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of First Cars ApS?
Our model estimates a bankruptcy risk of 9.4% over the next 12 months (very high risk), which is 6.7 times the average for Danish companies.
When was First Cars ApS founded?
First Cars ApS was founded on 13 September 2022.
What is the equity of First Cars ApS?
Equity was DKK -283k 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.