CVR: 33065477
DKK 23,159,000
Gross profit
Net result: DKK 41,448,000
Formula Holding 2017 A/S
CVR · view ownership and management
Director registered: Mikkel Noes Westergaard
CVR · 16/10/2018
View the full event history
FORMULA LEASING A/S is a Danish company of the type Aktieselskab based in Kongens Lyngby, founded in 2010. The company is registered under the industry Udlejning og leasing af biler og lette motorkøretøjer. The management consists of Mikkel Noes Westergaard. The company is owned by Formula Holding 2017 A/S. The company has 5 employees (2018). In 2025, the company reported a gross profit of DKK 23,159,000 and a net result of DKK 41,448,000 compared with DKK 13,478,490 the year before. Equity in the 2025 report amounted to DKK 171,507,000.
Source: annual report 2025, Danish Business Authority
The financial health of FORMULA LEASING A/S appears strong, particularly in 2025, where it reported a gross profit of 23,159,000 DKK and a profit of 41,448,000 DKK, indicating a significant recovery from a loss in gross profit in 2024. Over the past few years, the company has shown a fluctuating trend in profitability, with notable profits of 19,966,563 DKK in 2022 and 18,205,091 DKK in 2021, but a concerning dip in 2024. The equity position has been steadily increasing, reaching 171,507,000 DKK in 2025, which suggests a solid foundation for future growth. As a player in the car leasing industry, the company is positioned to capitalize on the growing demand for flexible vehicle solutions, though maintaining consistent revenue generation will be crucial for sustaining its upward trajectory.
AI-generated summary · Generated 14/08/2026
Selskabets formål er at drive virksomhed med leasing af motorkøretøjer samt køb, salg, import og eksport af motorkøretøjer og dermed beslægtet virksomhed
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | - | 41.4 mio. | 1.5 mia. | 171.5 mio. | 13 | |
| 202401/01/2024 – 31/12/2024 | - | 13.5 mio. | 1.3 mia. | 130.1 mio. | 10 | |
| 202301/01/2023 – 31/12/2023 | - | 9.8 mio. | 1.2 mia. | 116.6 mio. | 9 | |
| 202201/01/2022 – 31/12/2022 | - | 20 mio. | 930.2 mio. | 106.8 mio. | 6 | |
| 202101/01/2021 – 31/12/2021 | 227.8 mio. | 18.2 mio. | 811.6 mio. | 86.8 mio. | 9 | |
| 202001/01/2020 – 31/12/2020 | - | 13.8 mio. | 716.2 mio. | 68.6 mio. | 6 | |
| 201901/01/2019 – 31/12/2019 | - | 8.2 mio. | 577 mio. | 54.7 mio. | 6 | |
| 201801/01/2018 – 31/12/2018 | - | 9.8 mio. | 466.1 mio. | 46.5 mio. | 5 | |
| 201701/01/2017 – 31/12/2017 | - | 6.8 mio. | 333.2 mio. | 36.7 mio. | 6 | |
| 201601/01/2016 – 31/12/2016 | - | 8.7 mio. | 269.3 mio. | 29.9 mio. | 4 | |
| 201501/01/2015 – 31/12/2015 | - | 8.2 mio. | 186.5 mio. | 21.2 mio. | - | |
| 201401/01/2014 – 31/12/2014 | - | 4.9 mio. | 154 mio. | 12.9 mio. | - | |
| 201301/01/2013 – 31/12/2013 | - | 3.1 mio. | 117.7 mio. | 8.1 mio. | - | |
| 201201/01/2012 – 31/12/2012 | - | 3 mio. | 106 mio. | 4.9 mio. | - |
Compared to 634 companies in Udlejning og leasing af biler og lette motorkøretøjer
Comparison is based on industry median values
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Read about the CDS scoreFORMULA LEASING A/S was founded on 9 July 2010.
FORMULA LEASING A/S is registered under the industry Udlejning og leasing af biler og lette motorkøretøjer (industry code 771100).
FORMULA LEASING A/S had 5 employees in 2018 according to the Danish CVR register.
FORMULA LEASING A/S is owned by Formula Holding 2017 A/S.
In 2025, FORMULA LEASING A/S reported a gross profit of DKK 23,159,000.
The management of FORMULA LEASING A/S consists of Mikkel Noes Westergaard.
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As of June 10, 2026, Erwin Kronborg Tøt has joined the board of directors of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2025. Gross profit came to DKK 23,159,000, and the net result was DKK 41,448,000.
As of May 13, 2026, Jan Dal Lehrmann has left the board of directors of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2024. Gross profit came to DKK -493,709, and the net result was DKK 13,478,490.
FORMULA LEASING A/S has published its annual report for 2023. Gross profit came to DKK 6,470,699, and the net result was DKK 9,824,234.
FORMULA LEASING A/S has published its annual report for 2022. Gross profit came to DKK 10,020,545, and the net result was DKK 19,966,563.
FORMULA LEASING A/S has published its annual report for 2021. Revenue came to DKK 227,845,663, and the net result was DKK 18,205,091.
FORMULA LEASING A/S has published its annual report for 2020. Gross profit came to DKK 5,497,987, and the net result was DKK 13,844,139.
FORMULA LEASING A/S has published its annual report for 2019. Gross profit came to DKK 4,460,406, and the net result was DKK 8,206,142.
FORMULA LEASING A/S has published its annual report for 2018. Gross profit came to DKK 7,142,966, and the net result was DKK 9,826,359.
As of October 16, 2018, Mikkel Noes Westergaard is registered as director of FORMULA LEASING A/S.
As of October 16, 2018, Kim Gruhl has stepped down as director of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2017. Gross profit came to DKK 6,642,632, and the net result was DKK 6,802,715.
As of June 18, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of FORMULA LEASING A/S.
As of June 18, 2018, EY Godkendt Revisionspartnerselskab has stepped down as auditor of FORMULA LEASING A/S.
As of August 30, 2017, Mikkel Noes Westergaard has left the board of directors of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2016. Gross profit came to DKK 6,614,501, and the net result was DKK 8,743,006.
As of January 19, 2017, Formula Holding 2017 A/S is registered as an owner of FORMULA LEASING A/S with an ownership share of 100%.
As of October 7, 2016, Mikkel Noes Westergaard has joined the board of directors of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2015. The net result was DKK 8,242,313.
FORMULA LEASING A/S has published its annual report for 2014. Gross profit came to DKK 12,184,186, and the net result was DKK 4,877,632.
As of November 21, 2014, Jesper Viskum Schak has joined the board of directors of FORMULA LEASING A/S.
As of July 1, 2014, Peter Heller Bøckel has left the board of directors of FORMULA LEASING A/S.
FORMULA LEASING A/S has published its annual report for 2013. Gross profit came to DKK 9,470,224, and the net result was DKK 3,139,304.
FORMULA LEASING A/S has published its annual report for 2012. Gross profit came to DKK 10,266,243, and the net result was DKK 2,961,612.
As of December 3, 2012, Peter Heller Bøckel has joined the board of directors of FORMULA LEASING A/S.
As of December 3, 2012, Jakob Thaysen has left the board of directors of FORMULA LEASING A/S.
As of May 31, 2012, Jan Dal Lehrmann has joined the board of directors of FORMULA LEASING A/S.
As of July 9, 2010, EY Godkendt Revisionspartnerselskab has been appointed auditor of FORMULA LEASING A/S.
As of July 9, 2010, Carsten Kultoft Lorentsen has joined the board of directors of FORMULA LEASING A/S.
As of July 9, 2010, Jakob Thaysen has joined the board of directors of FORMULA LEASING A/S.
As of July 9, 2010, Johnny Laursen has joined the board of directors of FORMULA LEASING A/S.
As of July 9, 2010, Kim Gruhl is registered as director of FORMULA LEASING A/S.
FORMULA LEASING A/S was founded on July 9, 2010.
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