Børge Madsen. Cykler ApS
Private limited companyCVR 10902983VejleActive
Børge Madsen. Cykler ApS is a private limited company, based in Vejle, active in retail sale of bicycles, founded in 1987. The company made a loss in both 2024 and 2025, most recently DKK 8,216.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 8% (2024 → 2025), to DKK 1.4m.
- The loss got smaller: from DKK 125k to DKK 8,216 (2024 → 2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Retail sale of bicycles (476320)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 1,824 | 1,711 | 1,437 | 1,529 | 1,281 | 1,387 | +8.3% |
| Operating profit (EBIT) | – | 147 | −190 | 134 | −125 | −8 | +93.5% |
| Profit before tax | 231 | 138 | −194 | 129 | −122 | −10 | +92% |
| Net profit | 180 | 108 | −152 | 100 | −125 | −8 | +93.4% |
| Total assets | 3,712 | 3,441 | 3,168 | 3,236 | 3,050 | 3,418 | +12.1% |
| Equity | 2,393 | 2,501 | 2,349 | 2,449 | 2,324 | 2,316 | −0.4% |
| Liabilities | 1,319 | 940 | 819 | 787 | 727 | 1,091 | +50.1% |
| Cash and cash equivalents | 1,214 | 651 | 594 | 839 | 740 | 1,083 | +46.5% |
| Average number of employees | 6 | 6 | 6 | 4 | 4 | 4 | 0% |
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, 2021, 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
Signals from the financial statements
calculated from the 2025 figuresLoss for 2 years in a row
Net result has been negative in 2024–2025.
How is this calculated?
Net result is negative in the two or more 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 22/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 19/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 25/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 29/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 07/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 01/07/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
217 companies in the databaseComparison with the other companies in retail sale of bicycles based on the latest financial year.
Industry median: gross profit DKK 1.6m, net profit DKK 113k, equity DKK 868k, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 38,473of 69,742 Better than 45% | No. 22,485of 69,964 Better than 68% |
| Same industry and fewer than 20 employees204 companies in the comparison | No. 114of 204 Better than 44% | No. 44of 204 Better than 79% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 7,846of 10,152 Better than 23% | No. 7,648of 10,275 Better than 26% |
| All companies of type ApS66,508 companies in the comparison | No. 37,111of 66,379 Better than 44% | No. 18,765of 66,505 Better than 72% |
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 bicycles- Børge Madsen. Cykler ApSDKK 1.4m
- Skatepro ApSDKK 58.5m
- Cykelgear A/SDKK 42.2m
- Børge Madsen. Cykler ApS−DKK 8,216
- Skatepro ApSDKK 6.7m
- Cykelgear A/SDKK 4.5m
- Børge Madsen. Cykler ApSDKK 2.3m
- Skatepro ApSDKK 91.2m
- Cykelgear A/SDKK 25.1m
- Børge Madsen. Cykler ApS4
- Skatepro ApS118
- Cykelgear A/S108
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Kim Børglum Madsen100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Kim Børglum Madsen | Director | 12/05/1987 |
- Founders
- Børge Eilert Madsen
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Børge Eilert Madsen | Director | 12/05/1987 | 31/10/1994 |
Signing rule: Selskabet tegnes af direktionen
Address and production units
1 active production unitsVedelsgade 117A
7100 Vejle
| Production unit | Address | Employees | P number |
|---|---|---|---|
| BØRGE MADSEN CYKLER APS | Vedelsgade 117A, st, 7100 Vejle | 4 | 1000150321 |
Purpose
Selskabets formål er at drive virksomhed med handel og reparation, fortrinsvis indenfor cykel- og knallertbranchen
The purpose is quoted from the register in Danish.
Changes year by year
17 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Retail sale of bicycles (476320)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20191 changeaddress 1
- AddressMoved to Vedelsgade 117A, st, 7100 Vejle
20182 changesaddress 2
- AddressMoved to Vedelsgade 117A, st, 7100 Vejle
- AddressMoved to Vedelsgade 117, 7100 Vejle
20071 changeaddress 1
- AddressMoved to Vedelsgade 117, 7100 Vejle
19942 changescapital 1 · management 1
- CapitalShare capital changed from 80,000 DKK to 200,000 DKK
- ManagementBørge Eilert Madsen stepped down as director
19874 changesfounded 1 · management 2 · ownership 1
- FoundedRegistered as BØRGE MADSEN. CYKLER ApS
- ManagementBørge Eilert Madsen appointed director
- ManagementKim Børglum Madsen appointed director
- OwnershipKim Børglum Madsen registered as owner (100%)
Related companies
Same industry in Vejle
- Børkop Cykelforretning A/S39 employees
- Vinding Cykelcenter ApS9 employees
- Vejle Cykle-Central ApS4 employees
Same people in management
- Mto - Electric A/Svia John Laursen
- Logos Consult A/Svia Carsten Munk Thomsen
- Malerfirmaet Sv. Aage Hansen & Sønner ApSvia John Laursen
- Limbo Works ApSvia John Laursen
- Marginal Reklamebureau ApSvia John Laursen
- Brundby Hotel ApSvia Carsten Munk Thomsen
Largest in the industry
- Skatepro ApSDKK 58.5m
- Cykelgear A/SDKK 42.2m
- Lindebjerg A/SDKK 38m
- Speedline A/SDKK 29.4m
- Fri Bikeshop ApSDKK 29.3m
- Cykelexperten.dk A/SDKK 19.7m
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.