Formervangens Biler ApS

CVR 44404079 · Private limited company (ApS) · Active · Very high risk

Formervangens Biler ApS is a Private limited company (ApS), founded on , based in Glostrup. The company is registered in the industry detailhandel med motorkøretøjer. Our model estimates a bankruptcy risk of 18.5% over the next 12 months, which is 13.2 times the average for Danish companies. 2 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 36k and a net result of DKK 0. CEO: Ibrahim Ittaouil.

Bankruptcy risk for Formervangens Biler ApS

18.5%
probability of bankruptcy within 12 months
Very high risk

13.2 × the average (1.41%) · higher risk than 99% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×
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
44404079
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Formervangen 8
2600 Glostrup
Municipality
Albertslund
Industry
Detailhandel med motorkøretøjer (478100)
Bankruptcies in the industry: Udlejning af erhvervsejendomme
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 2
Missing annual reportNo
Negative equityNo
Equity ratio98.9%
Current ratio9,456%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies1
Other companies at the address20
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Revenue–DKK 0
Gross profitDKK 0DKK -3,886
Net profitDKK 0DKK -3,886
EquityDKK 36kDKK 36k
Total assetsDKK 37kDKK 37k
Short-term debtDKK 386DKK 386
Avg. employees–0

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025188 Late
30 Oct 2023 – 31 Dec 2024181

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
CEOIbrahim IttaouilCurrent
CEOIsmail Benjamin Ittaouil
Owner (100%)Ibrahim IttaouilCurrent
Owner (100%)IBI Holding ApS
FounderIBI Holding ApSCurrent

The CEOs' other companies

Ibrahim Ittaouil – 3 other companies, of which 3 bankrupt

Ismail Benjamin Ittaouil – 3 other companies

Address history (2 moves)

Formervangen 8, 2600 Glostrup
Hvidovrevej 137, 1. tv, 2650 Hvidovre
Hvidovrevej 178, 2650 Hvidovre

Former names

Formervangens Biler ApS – now
IBI Boligudlejning ApS –

Other companies at the same address

Similar companies in Albertslund

Questions and answers about Formervangens Biler ApS

Has Formervangens Biler ApS gone bankrupt?

No, Formervangens Biler ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Formervangens Biler ApS?

Our model estimates a bankruptcy risk of 18.5% over the next 12 months (very high risk), which is 13.2 times the average for Danish companies.

Who is the CEO of Formervangens Biler ApS?

Ibrahim Ittaouil is the CEO of Formervangens Biler ApS.

When was Formervangens Biler ApS founded?

Formervangens Biler ApS was founded on 30 October 2023.

What is the equity of Formervangens Biler ApS?

Equity was DKK 36k 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.