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FORMULA LEASING A/S

CVR: 33065477

Growing 7% p.a.Small companyWell-established (16 yrs)Profitable
Active
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About FORMULA LEASING A/S

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. 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 amounted to DKK 171,507,000.

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Overview

Company type
A/S
Aktieselskab
Address
Lundtoftegårdsvej 10, 2800 Kongens Lyngby
LYNGBY-TAARBÆK
2800 Kongens Lyngby
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Founded
9.7.2010

Details

Industry
Udlejning og leasing af biler og lette motorkøretøjer
Code: 771100
Secondary industries
Engroshandel med motorkøretøjer (467100)
Employees
5 employees
11 FTE
(2018)
Capital
500.000 kr.

Purpose

Selskabets formål er at drive virksomhed med leasing af motorkøretøjer samt køb, salg, import og eksport af motorkøretøjer og dermed beslægtet virksomhed

Location

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Financials

YearRevenueProfit/LossTotal AssetsEquityEmployeesReport
2025-41.4 mio.1.5 mia.171.5 mio.13
2024-13.5 mio.1.3 mia.130.1 mio.10
2023-9.8 mio.1.2 mia.116.6 mio.9
2022-20 mio.930.2 mio.106.8 mio.6
2021227.8 mio.18.2 mio.811.6 mio.86.8 mio.9
2020-13.8 mio.716.2 mio.68.6 mio.6
2019-8.2 mio.577 mio.54.7 mio.6
2018-9.8 mio.466.1 mio.46.5 mio.5
2017-6.8 mio.333.2 mio.36.7 mio.6
2016-8.7 mio.269.3 mio.29.9 mio.4
2015-8.2 mio.186.5 mio.21.2 mio.-
2014-4.9 mio.154 mio.12.9 mio.-
2013-3.1 mio.117.7 mio.8.1 mio.-
2012-3 mio.106 mio.4.9 mio.-

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Industry Benchmarks

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Compared to 643 companies in Udlejning og leasing af biler og lette motorkøretøjer

Employees
Company13
Industry median3
4.3x
Equity ratio
Company11.2%
Industry median54.0%
4.8x below

Comparison is based on industry median values

Ownership

Owners
Formula Holding 2017 A/S
CVR: 38326791
100%
FORMULA LEASING A/S
CVR: 33065477
Subsidiaries
MLA Leasing A/S
CVR: 37257001(active)
50-66,65%

Management

Directors

Mikkel Noes Westergaard(DIREKTØR)

Board

Johnny Laursen(FORMAND)
Carsten Kultoft Lorentsen(BESTYRELSESMEDLEM)
Erwin Kronborg Tøt(BESTYRELSESMEDLEM)
Jesper Viskum Schak(BESTYRELSESMEDLEM)

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Founders

FORMULA AUTOMOBILE A/S

Production units (3)

FORMULA LEASING A/S
P-no: 1016191902
Lundtoftegårdsvej 10, 2800, Kongens Lyngby
Udlejning og leasing af biler og lette motorkøretøjer
5 employees
Formula Leasing A/S
P-no: 1027978858
Wittrupvej 1, 7120, Vejle Øst
Udlejning og leasing af biler og lette motorkøretøjer

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History

34 events
2026
Erwin Kronborg Tøt joins the board of FORMULA LEASING A/SJun 10, 2026

As of June 10, 2026, Erwin Kronborg Tøt has joined the board of directors of FORMULA LEASING A/S.

FORMULA LEASING A/S: The 2025 annual report is outJun 3, 2026

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.

Jan Dal Lehrmann leaves the board of FORMULA LEASING A/SMay 13, 2026

As of May 13, 2026, Jan Dal Lehrmann has left the board of directors of FORMULA LEASING A/S.

2025
FORMULA LEASING A/S: The 2024 annual report is outJul 5, 2025

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.

2024
FORMULA LEASING A/S: The 2023 annual report is outJul 4, 2024

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.

2023
FORMULA LEASING A/S: The 2022 annual report is outJun 30, 2023

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.

2022
FORMULA LEASING A/S: The 2021 annual report is outJun 28, 2022

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.

2021
FORMULA LEASING A/S: The 2020 annual report is outJul 5, 2021

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.

2020
FORMULA LEASING A/S: The 2019 annual report is outSep 10, 2020

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.

2019
FORMULA LEASING A/S: The 2018 annual report is outJun 9, 2019

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.

2018
Mikkel Noes Westergaard joins FORMULA LEASING A/S as directorOct 16, 2018

As of October 16, 2018, Mikkel Noes Westergaard is registered as director of FORMULA LEASING A/S.

Kim Gruhl steps down as director of FORMULA LEASING A/SOct 16, 2018

As of October 16, 2018, Kim Gruhl has stepped down as director of FORMULA LEASING A/S.

FORMULA LEASING A/S: The 2017 annual report is outJun 19, 2018

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.

FORMULA LEASING A/S appoints new auditorJun 18, 2018

As of June 18, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of FORMULA LEASING A/S.

Auditor steps down at FORMULA LEASING A/SJun 18, 2018

As of June 18, 2018, EY Godkendt Revisionspartnerselskab has stepped down as auditor of FORMULA LEASING A/S.

2017
Mikkel Noes Westergaard leaves the board of FORMULA LEASING A/SAug 30, 2017

As of August 30, 2017, Mikkel Noes Westergaard has left the board of directors of FORMULA LEASING A/S.

FORMULA LEASING A/S: The 2016 annual report is outJun 8, 2017

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.

Formula Holding 2017 A/S registered as owner of FORMULA LEASING A/SJan 19, 2017

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%.

2016
Mikkel Noes Westergaard joins the board of FORMULA LEASING A/SOct 7, 2016

As of October 7, 2016, Mikkel Noes Westergaard has joined the board of directors of FORMULA LEASING A/S.

FORMULA LEASING A/S: The 2015 annual report is outJun 2, 2016

FORMULA LEASING A/S has published its annual report for 2015. The net result was DKK 8,242,313.

2015
FORMULA LEASING A/S: The 2014 annual report is outJun 8, 2015

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.

2014
Jesper Viskum Schak joins the board of FORMULA LEASING A/SNov 21, 2014

As of November 21, 2014, Jesper Viskum Schak has joined the board of directors of FORMULA LEASING A/S.

Peter Heller Bøckel leaves the board of FORMULA LEASING A/SJul 1, 2014

As of July 1, 2014, Peter Heller Bøckel has left the board of directors of FORMULA LEASING A/S.

FORMULA LEASING A/S: The 2013 annual report is outJun 6, 2014

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.

2013
FORMULA LEASING A/S: The 2012 annual report is outMay 7, 2013

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.

2012
Peter Heller Bøckel joins the board of FORMULA LEASING A/SDec 3, 2012

As of December 3, 2012, Peter Heller Bøckel has joined the board of directors of FORMULA LEASING A/S.

Jakob Thaysen leaves the board of FORMULA LEASING A/SDec 3, 2012

As of December 3, 2012, Jakob Thaysen has left the board of directors of FORMULA LEASING A/S.

Jan Dal Lehrmann joins the board of FORMULA LEASING A/SMay 31, 2012

As of May 31, 2012, Jan Dal Lehrmann has joined the board of directors of FORMULA LEASING A/S.

2010
FORMULA LEASING A/S appoints new auditorJul 9, 2010

As of July 9, 2010, EY Godkendt Revisionspartnerselskab has been appointed auditor of FORMULA LEASING A/S.

Carsten Kultoft Lorentsen joins the board of FORMULA LEASING A/SJul 9, 2010

As of July 9, 2010, Carsten Kultoft Lorentsen has joined the board of directors of FORMULA LEASING A/S.

Jakob Thaysen joins the board of FORMULA LEASING A/SJul 9, 2010

As of July 9, 2010, Jakob Thaysen has joined the board of directors of FORMULA LEASING A/S.

Johnny Laursen joins the board of FORMULA LEASING A/SJul 9, 2010

As of July 9, 2010, Johnny Laursen has joined the board of directors of FORMULA LEASING A/S.

Kim Gruhl joins FORMULA LEASING A/S as directorJul 9, 2010

As of July 9, 2010, Kim Gruhl is registered as director of FORMULA LEASING A/S.

FORMULA LEASING A/S is foundedJul 9, 2010

FORMULA LEASING A/S was founded on July 9, 2010.

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