Formula X Agency ApS

CVR 43751212 · Private limited company (ApS) · Active · Low risk

Formula X Agency ApS is a Private limited company (ApS), founded on , based in København S. The company is registered in the industry planlægning og design af reklamekampagner. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.2 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 48k and a net result of DKK -19k. CEO: Leonard de Freitas Nielsen.

Bankruptcy risk for Formula X Agency ApS

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
Equity ratio20%–40% · bankruptcy rate 6.9%0.79×
Qualification / emphasis of matterNo · bankruptcy rate 7.1%0.80×

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
43751212
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
c/o LegalDesk.dk ApS, Njalsgade 21F, 2.
2300 København S
Municipality
København
Industry
Planlægning og design af reklamekampagner (731110)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio21.7%
Current ratio109%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address951
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 647kDKK 27k
Net profitDKK -19kDKK 27k
EquityDKK 48kDKK 67k
Total assetsDKK 221kDKK 67k
CashDKK 2,463–
Short-term debtDKK 173k–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025137
1 Jan 2024 – 31 Dec 202438
2 Jan 2023 – 31 Dec 2023150

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
CEOLeonard de Freitas NielsenCurrent
Owner (100%)Leonard de Freitas NielsenCurrent
Owner (25%)Bjarke Arn Bierring Kristoffersen
Owner (33%)Leonard de Freitas Nielsen
Owner (25%)Oliver Kristian Våg
Owner (33%)Bjarke Arn Bierring Kristoffersen
Owner (50%)Leonard de Freitas Nielsen
FounderBjarke Arn Bierring KristoffersenCurrent
FounderLeonard de Freitas NielsenCurrent
FounderOliver Kristian VågCurrent

The CEOs' other companies

Leonard de Freitas Nielsen – 2 other companies

Address history (1 moves)

c/o LegalDesk.dk ApS, Njalsgade 21F, 2., 2300 København S
Vedbyholm 90, 2650 Hvidovre

Former names

Formula X Agency ApS – now
Leo & Leo Holding ApS –

Other companies at the same address

Similar companies in København

Questions and answers about Formula X Agency ApS

Has Formula X Agency ApS gone bankrupt?

No, Formula X Agency ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Formula X Agency ApS?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Formula X Agency ApS?

Leonard de Freitas Nielsen is the CEO of Formula X Agency ApS.

When was Formula X Agency ApS founded?

Formula X Agency ApS was founded on 2 January 2023.

What is the equity of Formula X Agency ApS?

Equity was DKK 48k 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.