Cellugy ApS
Private limited companyCVR 39463725SøborgActive
Cellugy ApS is a private limited company, based in Søborg, active in research and experimental development on natural sciences and engineering, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 17.2m. With 18 employees, the company is about 4 times larger than the industry median. Equity fell to DKK 12.9m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- The loss grew: from DKK 11.6m to DKK 17.2m (2024 → 2025).
- Equity fell 57% (2024 → 2025), to DKK 12.9m.
Management and owners, last 24 months
- New in management: Isabel Alvarez Martos (board member, 05/03/2025), Damien Alan Perriman (chair of the board, 11/03/2025) and Steven Francis Schnittger (board member, 26/09/2025).
- Stepped down: Thomas Bagge Dujardin (chair of the board, 13/12/2024) and Damien Alan Perriman (board member, 10/03/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
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 | −94 | 2,160 | 4,047 | −4,094 | −8,532 | −11,057 | −29.6% |
| Profit before tax | −682 | −1,362 | −824 | −10,179 | −14,602 | −21,690 | −48.5% |
| Net profit | −682 | −1,063 | −674 | −7,983 | −11,629 | −17,225 | −48.1% |
| Total assets | 1,625 | 4,970 | 2,095 | 7,045 | 31,394 | 23,693 | −24.5% |
| Equity | −316 | −1,378 | −2,053 | −131 | 30,131 | 12,907 | −57.2% |
| Liabilities | 1,941 | 6,348 | 4,147 | 7,177 | 1,262 | 10,786 | +754.5% |
| Cash and cash equivalents | 1,480 | 4,246 | 1,241 | 3,316 | 24,971 | 14,702 | −41.1% |
| Average number of employees | 2 | 7 | 9 | 8 | 11 | 16 | +45.5% |
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 6 years in a row
Net result has been negative in 2020–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 57% from 2024 to 2025 (DKK 30.1m to DKK 12.9m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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 | 26/04/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 02/04/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 03/04/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 02/04/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 30/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 29/06/2021 | 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
431 companies in the databaseComparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.
Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 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. 69,653of 69,742 Better than 0% | No. 7,671of 69,964 Better than 89% |
| Same industry and fewer than 20 employees329 companies in the comparison | No. 309of 323 Better than 4% | No. 55of 329 Better than 84% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 33,509of 33,588 Better than 0% | No. 3,139of 33,687 Better than 91% |
| All companies of type ApS66,508 companies in the comparison | No. 66,292of 66,379 Better than 0% | No. 5,726of 66,505 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
Research and experimental development on natural sciences and engineering- Cellugy ApS−DKK 11.1m
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Cellugy ApS−DKK 17.2m
- Carlsberg A/SDKK 7bn
- Zealand Pharma A/SDKK 6.5bn
- Cellugy ApSDKK 12.9m
- Carlsberg A/SDKK 30.7bn
- Zealand Pharma A/SDKK 14.8bn
- Cellugy ApS18
- Carlsberg A/S107
- Zealand Pharma A/S569
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Planet Sub-Ocean Limited Partnership5%
- dePais ApS33.33%
- UV Fund I K/S5%
- Danmarks Eksport- og Investeringsfond10%
- The Footprint Fund I K/S10%
- ICIG Ventures Holding GmbH10%
- PSV Hafnium Fund I K/S10%
Management
7 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Isabel Alvarez Martos | Director | 19/06/2019 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jakob Rybak-Andersen | Board member | 09/02/2023 |
| Jonas Ahm-Lundgren | Board member | 09/02/2023 |
| Pelin Yilmaz | Board member | 16/05/2024 |
| Isabel Alvarez Martos | Board member | 05/03/2025 |
| Damien Alan Perriman | Chair of the board | 11/03/2025 |
| Steven Francis Schnittger | Board member | 26/09/2025 |
- Founders
- Isabel Alvarez Martos, Paruntungan Sihombing, Deby Fapyane
Former management (7)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Isabel Alvarez Martos | Director | 06/04/2018 | 31/08/2018 |
| Paruntungan Sihombing | Director | 06/04/2018 | 31/08/2018 |
| Deby Fapyane | Director | 06/04/2018 | 04/12/2020 |
| Thomas Bagge Dujardin | Chair of the board | 04/12/2020 | 13/12/2024 |
| Paruntungan Sihombing | Board member | 04/12/2020 | 09/02/2023 |
| Andreas Worberg | Board member | 04/12/2020 | 09/02/2023 |
| Damien Alan Perriman | Board member | 01/08/2023 | 10/03/2025 |
Signing rule: Selskabet tegnes af en direktør i forening med et medlem af bestyrelsen eller af den samlede bestyrelse.
Address and production units
1 active production unitsMaskinvej 5
2860 Søborg
Gladsaxe Municipality · Postcode 2860
Other companies at the address (8)
- Alfa Laval Copenhagen A/SManufacture of other general-purpose machinery n.e.c.
- Kvasir Technologies ApSResearch and experimental development on natural sciences and engineering
- Chromologics ApSResearch and experimental development on natural sciences and engineering
- Visibuilt ApSOther technical consultancy
- PhaseTree ApSResearch and experimental development on natural sciences and engineering
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Cellugy ApS | Maskinvej 5, 2860 Søborg | 18 | 1023497251 |
Purpose
Selskabets formål er at drive udviklingsvirksomhed indenfor biotech og hermed forbundet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
67 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20256 changesmanagement 4 · accounts 1 · industry 1
- ManagementSteven Francis Schnittger appointed board member
- AccountsAnnual report for 2024 published
- ManagementDamien Alan Perriman appointed chair of the board
- ManagementDamien Alan Perriman stepped down as board member
- ManagementIsabel Alvarez Martos appointed board member
- IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)
202415 changesmanagement 2 · ownership 11 · capital 1 · accounts 1
- ManagementThomas Bagge Dujardin stepped down as chair of the board
- OwnershipPSV Hafnium Fund I K/S registered as owner (10%)
- OwnershipPreSeed Ventures A/S is no longer registered as owner
- CapitalShare capital changed from 67,791 DKK to 113,599 DKK
- ManagementPelin Yilmaz appointed board member
- OwnershipPreSeed Ventures A/S registered as owner (10%)
- OwnershipICIG Ventures Holding GmbH registered as owner (10%)
- OwnershipThe Footprint Fund I K/S registered as owner (10%)
- OwnershipDanmarks Eksport- og Investeringsfond registered as owner (10%)
- OwnershipUV Fund I K/S registered as owner (5%)
- OwnershipThe Footprint Fund I K/S is no longer registered as owner
- OwnershipPreSeed Ventures A/S is no longer registered as owner
- AccountsAnnual report for 2023 published
- OwnershipThe Footprint Fund I K/S registered as owner (10%)
- OwnershipFPF North-East HoldCo III ApS is no longer registered as owner
202315 changesmanagement 5 · ownership 8 · accounts 1 · capital 1
- ManagementDamien Alan Perriman appointed board member
- OwnershipdePais ApS registered as owner (33.33%)
- OwnershipdePais ApS is no longer registered as owner
- AccountsAnnual report for 2022 published
- ManagementJonas Ahm-Lundgren appointed board member
- ManagementJakob Rybak-Andersen appointed board member
- ManagementParuntungan Sihombing stepped down as board member
- ManagementAndreas Worberg stepped down as board member
- CapitalShare capital changed from 43,478 DKK to 67,791 DKK
- OwnershipFPF North-East HoldCo III ApS registered as owner (10%)
- OwnershipPreSeed Ventures A/S registered as owner (10%)
- OwnershipPlanet Sub-Ocean Limited Partnership registered as owner (5%)
- OwnershipdePais ApS registered as owner (50%)
- Ownership25Grange Capital Holding ApS is no longer registered as owner
- OwnershipdePais ApS is no longer registered as owner
20222 changesaccounts 1 · address 1
- AccountsAnnual report for 2021 published
- AddressMoved to Maskinvej 5, 2860 Søborg
20212 changesaccounts 1 · address 1
- AccountsAnnual report for 2020 published
- AddressMoved to Bautavej 1A, Hasle, 8210 Aarhus V
20208 changesmanagement 4 · capital 1 · ownership 3
- ManagementParuntungan Sihombing appointed board member
- ManagementThomas Bagge Dujardin appointed chair of the board
- ManagementAndreas Worberg appointed board member
- ManagementDeby Fapyane stepped down as director
- CapitalShare capital changed from 40,000 DKK to 43,478 DKK
- OwnershipdePais ApS registered as owner (90%)
- Ownership25Grange Capital Holding ApS registered as owner (5%)
- OwnershipdePais ApS is no longer registered as owner
20198 changesname 1 · capital 1 · management 1 · ownership 4 · address 1
- NameName changed from Cellugy IVS to Cellugy ApS
- CapitalShare capital changed from 3,000 DKK to 40,000 DKK
- ManagementIsabel Alvarez Martos appointed director
- OwnershipdePais ApS registered as owner (100%)
- OwnershipIsabel Alvarez Martos is no longer registered as owner
- OwnershipDeby Fapyane is no longer registered as owner
- OwnershipParuntungan Sihombing is no longer registered as owner
- AddressMoved to Karupvej 7, st, 8000 Aarhus C
201810 changesmanagement 5 · status 1 · ownership 3 · founded 1
- ManagementIsabel Alvarez Martos stepped down as director
- ManagementParuntungan Sihombing stepped down as director
- StatusStatus changed to active
- ManagementIsabel Alvarez Martos appointed director
- ManagementDeby Fapyane appointed director
- ManagementParuntungan Sihombing appointed director
- OwnershipIsabel Alvarez Martos registered as owner (33.33%)
- OwnershipDeby Fapyane registered as owner (33.33%)
- OwnershipParuntungan Sihombing registered as owner (33.33%)
- FoundedRegistered as Cellugy IVS
Related companies
Same industry in Gladsaxe
- Zealand Pharma A/S569 employees
- Fortrea Denmark ApS31 employees
- Fida Biosystems ApS23 employees
- Kvasir Technologies ApS21 employees
- Nbcd A/S21 employees
- Chromologics ApS19 employees
Same people in management
- Envidan A/Svia Jakob Rybak-Andersen
- Conscia Danmark A/Svia Jakob Rybak-Andersen
- Anders Nielsen & Co A/Svia Thomas Bagge Dujardin
- GetWhy A/Svia Thomas Bagge Dujardin
- Procom A/Svia Jakob Rybak-Andersen
- Linka Energy A/Svia Jakob Rybak-Andersen
Largest in the industry
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Gubra A/SDKK 2.6bn
- Vestas Wind Systems A/SDKK 2.5bn
- Bang & Olufsen A/SDKK 1.4bn
- 3shape A/SDKK 1.3bn
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.