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Formula Leasing A/S

Public limited companyCVR 33065477Kongens LyngbyActive

Formula Leasing A/S is a public limited company, based in Kongens Lyngby, active in renting and leasing of cars and light motor vehicles, founded in 2010. Net profit rose 208% from 2024 to 2025, ending at DKK 41.4m. Profit has grown three years in a row. Equity grew to DKK 171.5m in 2025.

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Key figures · financial year 2025

Gross profitDKK 23.2m+4,790.8% vs. 2024
Net profitDKK 41.4m+207.5% vs. 2024
EquityDKK 171.5m+31.9% vs. 2024
Employees11latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit rose 208% (2024 → 2025), to DKK 41.4m.
  • Equity rose 32% (2024 → 2025), to DKK 171.5m.

Management and owners, last 24 months

  • New in management: Erwin Kronborg Tøt (board member, 10/06/2026).
  • Stepped down: Jan Dal Lehrmann (board member, 13/05/2026).

Registrations, last 24 months

  • 11/03/2025: Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby

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 140mDKK 160mDKK 180m202020212022202320242025
EquityNet profit
Financial figures for Formula Leasing A/S
202020212022202320242025Change
Revenuenot stated227,846not statednot statednot statednot stated–
Gross profit5,4988,76210,0216,471−49423,159+4,790.8%
Operating profit (EBIT)416−1101,435−1,818−10,896−1,071+90.2%
Profit before tax17,13822,18824,58312,35117,00052,928+211.3%
Net profit13,84418,20519,9679,82413,47841,448+207.5%
Total assets716,179811,609930,2251,150,9581,284,7741,534,688+19.5%
Equity68,56986,782106,756116,580130,059171,507+31.9%
Liabilities647,433724,827823,4691,034,2731,154,4691,362,960+18.1%
Cash and cash equivalents366131313127−13.5%
Average number of employees6910111213+8.3%

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. Revenue is not stated for 2020, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

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

−DKK 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (126 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 Leasing A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202503/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202405/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202005/07/2021The 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
0246810121409/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

126 companies in the database

Comparison with the other companies in renting and leasing of cars and light motor vehicles based on the latest financial year.

Gross profitDKK 23.2mNo. 25 of 124
Better than 80% of the companies in the industry
EquityDKK 171.5mNo. 6 of 126
Better than 96% of the companies in the industry
Number of employees11No. 24 of 126
Better than 82% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 375k, equity DKK 4.5m, 4 employees.

DKK 100kDKK 845kDKK 7.1mDKK 60.4mDKK 250.4mHere
Distribution of gross profit for 110 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 fewer than 20 employees69,967 companies in the comparison
No. 1,218of 69,742
Better than 98%
No. 1,181of 69,964
Better than 98%
Same industry and fewer than 20 employees108 companies in the comparison
No. 13of 107
Better than 89%
No. 3of 108
Better than 98%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,975of 24,791
Better than 88%
No. 890of 24,909
Better than 96%
All companies of type A/S18,025 companies in the comparison
No. 5,332of 17,786
Better than 70%
No. 1,600of 18,024
Better than 91%

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

Renting and leasing of cars and light motor vehicles
Gross profit
  1. Formula Leasing A/SDKK 23.2m
  2. Ayvens Danmark A/SDKK 510m
  3. Fleggaard Leasing A/SDKK 413.6m
Net profit
  1. Formula Leasing A/SDKK 41.4m
  2. Ayvens Danmark A/SDKK 192m
  3. Fleggaard Leasing A/SDKK 85.6m
Equity
  1. Formula Leasing A/SDKK 171.5m
  2. Ayvens Danmark A/SDKK 1bn
  3. Fleggaard Leasing A/SDKK 849.8m
Employees
  1. Formula Leasing A/S11
  2. Ayvens Danmark A/S254
  3. Fleggaard Leasing A/S117

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 Leasing A/S

Management

5 active registrations

Executive management

Executive management at Formula Leasing A/S
NameRoleAppointed
Mikkel Noes WestergaardDirector16/10/2018

Board of directors

Board of directors at Formula Leasing A/S
NameRoleAppointed
Carsten Kultoft LorentsenBoard member09/07/2010
Johnny LaursenChair of the board09/07/2010
Jesper Viskum SchakBoard member21/11/2014
Erwin Kronborg TøtBoard member10/06/2026
Founders
Formula Automobile A/S
Former management (5)
Former management at Formula Leasing A/S
NameRoleAppointedResigned
Jakob ThaysenBoard member09/07/201003/12/2012
Kim GruhlDirector09/07/201016/10/2018
Jan Dal LehrmannBoard member31/05/201213/05/2026
Peter Heller BøckelBoard member03/12/201201/07/2014
Mikkel Noes WestergaardBoard member07/10/201630/08/2017

Signing rule: Selskabet tegnes af bestyrelsesformanden

Address and production units

2 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 LEASING A/SLundtoftegårdsvej 10, 2800 Kongens Lyngby111016191902
Formula Leasing A/SWittrupvej 1, 7120 Vejle Øst–1027978858

Purpose

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

The purpose is quoted from the register in Danish.

Changes year by year

31 registered events
20263 changesmanagement 2 · accounts 1
  • Erwin Kronborg Tøt appointed board member
  • Annual report for 2025 published
  • Jan Dal Lehrmann stepped down as board member
20252 changesaccounts 1 · address 1
  • Annual report for 2024 published
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
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
20183 changesaddress 1 · management 2
  • Moved to Lundtoftegårdsvej 10, 2800 Kongens Lyngby
  • Mikkel Noes Westergaard appointed director
  • Kim Gruhl stepped down as director
20173 changesmanagement 1 · ownership 2
  • Mikkel Noes Westergaard stepped down as board member
  • Formula Holding 2017 A/S registered as owner (100%)
  • FORMULA AUTOMOBILE A/S is no longer registered as owner
20161 changemanagement 1
  • Mikkel Noes Westergaard appointed board member
20142 changesmanagement 2
  • Jesper Viskum Schak appointed board member
  • Peter Heller Bøckel stepped down as board member
20123 changesmanagement 3
  • Peter Heller Bøckel appointed board member
  • Jakob Thaysen stepped down as board member
  • Jan Dal Lehrmann appointed board member
20107 changesindustry 1 · founded 1 · management 4 · ownership 1
  • Industry changed to Renting and leasing of cars and light motor vehicles (771100)
  • Registered as FORMULA LEASING A/S
  • Carsten Kultoft Lorentsen appointed board member
  • Kim Gruhl appointed director
  • Jakob Thaysen appointed board member
  • Johnny Laursen appointed chair of the board
  • FORMULA AUTOMOBILE A/S registered as owner (100%)

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.

View in CVRReport a correction