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Formula Automobile A/S

Public limited companyCVR 26181992Kongens LyngbyActive

Formula Automobile A/S is a public limited company, based in Kongens Lyngby, active in retail sale of motor vehicles, founded in 2001. Net profit rose 90% from 2024 to 2025, ending at DKK 18m. Operations are spread over 3 production units in 3 towns. With 74 employees, the company is about 19 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 1.1bn+15.5% vs. 2024
Net profitDKK 18m+90.1% vs. 2024
EquityDKK 145.2m+14.2% vs. 2024
Employees74latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 30% (2024 → 2025), to DKK 67.5m.
  • Revenue rose 15% (2024 → 2025), to DKK 1.1bn.
  • Net profit rose 90% (2024 → 2025), to DKK 18m.
  • Equity rose 14% (2024 → 2025), to DKK 145.2m.

Management and owners, last 24 months

  • New in management: Conrad Nicholai Weiss Laursen (board member, 25/08/2025) and Erwin Kronborg Tøt (board member, 10/06/2026).
  • Stepped down: Jan Dal Lehrmann (board member, 13/05/2026).

Registrations, last 24 months

  • 01/01/2026: Industry changed to Retail sale of motor vehicles (478100)
  • 11/03/2025: Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
  • 01/01/2025: Industry changed to Brokerage activities in specialised retail sale (479200)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
EquityNet profit
Financial figures for Formula Automobile A/S
202020212022202320242025Change
Revenue672,141872,222756,280877,769955,9141,103,677+15.5%
Gross profit49,39445,91144,24450,18252,11667,530+29.6%
Operating profit (EBIT)25,11517,75312,47317,41516,32927,224+66.7%
Profit before tax24,39616,78612,65615,50912,71523,537+85.1%
Net profit18,94112,8019,68411,7819,47718,018+90.1%
Total assets288,059333,545362,618416,309514,616505,431−1.8%
Equity83,42196,222105,906117,687127,164145,182+14.2%
Liabilities204,636237,323256,713298,622387,282359,900−7.1%
Cash and cash equivalents9497621385431−42.6%
Average number of employees475157596264+3.2%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
Gross profitMedian, the industry (862 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Formula Automobile A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202009/07/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02040608009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

862 companies in the database

Comparison with the other companies in retail sale of motor vehicles based on the latest financial year.

Gross profitDKK 67.5mNo. 28 of 861
Better than 97% of the companies in the industry
EquityDKK 145.2mNo. 10 of 862
Better than 99% of the companies in the industry
Number of employees74No. 44 of 862
Better than 95% of the companies in the industry

Industry median: gross profit DKK 3.4m, net profit DKK 425k, equity DKK 3.7m, 4 employees.

DKK 100kDKK 1.1mDKK 11.3mDKK 119.8mDKK 579mHere
Distribution of gross profit for 813 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 1,226of 4,412
Better than 72%
No. 476of 4,466
Better than 89%
Same industry and 50–199 employees51 companies in the comparison
No. 10of 50
Better than 82%
No. 2of 51
Better than 98%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,067of 24,791
Better than 96%
No. 1,017of 24,909
Better than 96%
All companies of type A/S18,025 companies in the comparison
No. 2,235of 17,786
Better than 87%
No. 1,790of 18,024
Better than 90%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Retail sale of motor vehicles
Gross profit
  1. Formula Automobile A/SDKK 67.5m
  2. Ejner Hessel A/SDKK 1.3bn
  3. Semler Mobility Retail A/SDKK 961.5m
Net profit
  1. Formula Automobile A/SDKK 18m
  2. Ejner Hessel A/SDKK 168.7m
  3. Semler Mobility Retail A/SDKK 50.9m
Equity
  1. Formula Automobile A/SDKK 145.2m
  2. Ejner Hessel A/SDKK 1.2bn
  3. Semler Mobility Retail A/SDKK 167.2m
Employees
  1. Formula Automobile A/S74
  2. Ejner Hessel A/S1,866
  3. Semler Mobility Retail A/S1,617

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Formula Holding 2017 A/S100%
Formula Automobile A/S

Management

6 active registrations

Executive management

Executive management at Formula Automobile A/S
NameRoleAppointed
Jesper Viskum SchakDirector01/07/2014

Board of directors

Board of directors at Formula Automobile A/S
NameRoleAppointed
Carsten Kultoft LorentsenBoard member11/10/2007
Johnny LaursenChair of the board11/10/2007
Helle Camilla LaursenBoard member26/10/2017
Conrad Nicholai Weiss LaursenBoard member25/08/2025
Erwin Kronborg TøtBoard member10/06/2026
Founders
Damgaard-nielsen Holding ApS
Former management (11)
Former management at Formula Automobile A/S
NameRoleAppointedResigned
Carsten HalleBoard member14/08/200127/11/2006
Grethe Svankjær ToftdahlDirector14/08/200127/11/2006
Chresten Juhl HansenBoard member14/08/200118/09/2001
Grethe Svankjær ToftdahlBoard member18/09/200127/11/2006
Johnny LaursenDirector27/11/200611/10/2007
Ole Carl Damgaard-NielsenBoard member27/11/200630/04/2009
Jan Dal LehrmannBoard member27/11/200613/05/2026
Jakob ThaysenDirector11/10/200703/12/2012
Peter Heller BøckelBoard member30/04/200901/07/2014
Peter Heller BøckelDirector03/12/201201/07/2014
Mikkel Noes WestergaardBoard member07/10/201630/08/2017

Signing rule: Selskabet tegnes af bestyrelsesformanden.

Address and production units

3 active production units

Lundtoftegårdsvej 10
2800 Kongens Lyngby

Lyngby-Taarbæk Municipality · Postcode 2800

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
FORMULA AUTOMOBILE A/SLundtoftegårdsvej 10, 2800 Kongens Lyngby741008691475
Formula Automobile A/SGladsaxevej 341, 2860 Søborg–1029305494
Formula Automobile A/SWittrupvej 1, 7120 Vejle Øst–1029305516

Purpose

Selskabets formål er at drive handel med køb og salg af biler samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

50 registered events
20264 changesmanagement 2 · accounts 1 · industry 1
  • Erwin Kronborg Tøt appointed board member
  • Annual report for 2025 published
  • Jan Dal Lehrmann stepped down as board member
  • Industry changed to Retail sale of motor vehicles (478100)
20254 changesmanagement 1 · accounts 1 · address 1 · industry 1
  • Conrad Nicholai Weiss Laursen appointed board member
  • Annual report for 2024 published
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
  • Industry changed to Brokerage activities in specialised retail sale (479200)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaddress 2 · accounts 1
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
  • Annual report for 2020 published
20191 changeaddress 1
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
20181 changeaddress 1
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
20174 changesmanagement 2 · ownership 2
  • Helle Camilla Laursen appointed board member
  • Mikkel Noes Westergaard stepped down as board member
  • Formula Holding 2017 A/S registered as owner (100%)
  • BENJAMIN CAPITAL ApS is no longer registered as owner
20161 changemanagement 1
  • Mikkel Noes Westergaard appointed board member
20143 changesmanagement 3
  • Jesper Viskum Schak appointed director
  • Peter Heller Bøckel stepped down as director
  • Peter Heller Bøckel stepped down as board member
20123 changesmanagement 2 · capital 1
  • Peter Heller Bøckel appointed director
  • Jakob Thaysen stepped down as director
  • Share capital changed from 500,000 DKK to 600,000 DKK
20092 changesmanagement 2
  • Peter Heller Bøckel appointed board member
  • Ole Carl Damgaard-Nielsen stepped down as board member
20081 changeindustry 1
  • Industry changed to Detailhandel med personbiler, varebiler og minibusser (451120)
20075 changesmanagement 4 · name 1
  • Jakob Thaysen appointed director
  • Carsten Kultoft Lorentsen appointed board member
  • Johnny Laursen appointed chair of the board
  • Johnny Laursen stepped down as director
  • Name changed from FERRARI IMPORT DANMARK A/S to FORMULA AUTOMOBILE A/S
20067 changesmanagement 6 · ownership 1
  • Johnny Laursen appointed director
  • Ole Carl Damgaard-Nielsen appointed board member
  • Jan Dal Lehrmann appointed board member
  • Grethe Svankjær Toftdahl stepped down as board member
  • Carsten Halle stepped down as board member
  • Grethe Svankjær Toftdahl stepped down as director
  • BENJAMIN CAPITAL ApS registered as owner (100%)
20018 changesaddress 1 · industry 1 · management 5 · founded 1
  • Moved to Bjarkesvej 3, 3450 Allerød
  • Industry changed to Detailhandel med biler (501020)
  • Grethe Svankjær Toftdahl appointed board member
  • Chresten Juhl Hansen stepped down as board member
  • Registered as FERRARI IMPORT DANMARK A/S
  • Carsten Halle appointed board member
  • Chresten Juhl Hansen appointed board member
  • Grethe Svankjær Toftdahl appointed director

Related companies

Same industry in Lyngby-Taarbæk

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

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