Circle X Group A/S
Public limited companyCVR 44769212FrederiksværkActive
Circle X Group A/S is a public limited company, based in Frederiksværk, active in materials recovery, founded in 2024. The company made a loss in both 2024 and 2025, most recently DKK 5.5m. The company is new and has been registered for 2 years. Equity fell to DKK 235k in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- The loss grew: from DKK 5.1m to DKK 5.5m (2024 → 2025).
- Equity fell 83% (2024 → 2025), to DKK 235k.
Employees
- 11 more employees than a year earlier: 17 (07/2026) against 6 (07/2025).
Management and owners, last 24 months
- New in management: Jesper Teichert Marcussen (board member, 09/12/2024), Jesper Valentin Holm (board member, 17/06/2026) and Anders Greve Pihlkjær (chair of the board, 17/06/2026) (+1).
- Stepped down: Finn Nicolai Christmas-Poulsen (chair of the board, 30/12/2025) and Anders Greve Pihlkjær (board member, 16/06/2026).
Registrations, last 24 months
- 02/09/2026: Share capital changed from 535,798 DKK to 560,986 DKK
- 12/08/2026: Share capital changed from 530,761 DKK to 535,798 DKK
- 10/07/2026: Share capital changed from 529,082 DKK to 530,761 DKK
- 28/05/2026: Share capital changed from 521,131 DKK to 529,082 DKK
- 19/09/2025: Share capital changed from 500,000 DKK to 521,131 DKK
- 18/09/2025: Share capital changed from 475,000 DKK to 500,000 DKK
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 2024–2025 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | Change | |
|---|---|---|---|
| Revenue | not stated | not stated | – |
| Gross profit | −3,383 | −2,201 | +34.9% |
| Operating profit (EBIT) | −6,563 | −6,955 | −6% |
| Profit before tax | −6,578 | −7,051 | −7.2% |
| Net profit | −5,133 | −5,509 | −7.3% |
| Total assets | 2,760 | 5,559 | +101.5% |
| Equity | 1,373 | 235 | −82.9% |
| Liabilities | 1,386 | 5,325 | +284.2% |
| Cash and cash equivalents | 88 | 308 | +251.1% |
| Average number of employees | 7 | 7 | 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 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.
Equity fell sharply
Equity fell 83% from 2024 to 2025 (DKK 1.4m to DKK 235k).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
Low equity ratio
Equity makes up 4% of total assets in 2025.
How is this calculated?
Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.
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
2 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 23/06/2026 | The company | PDF not statedXBRL |
| 2024 | 16/04/2024 – 31/12/2024 | 23/06/2025 | 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
68 companies in the databaseComparison with the other companies in materials recovery based on the latest financial year.
Industry median: gross profit DKK 5.5m, net profit DKK 577k, equity DKK 6.4m, 7 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. 69,237of 69,742 Better than 1% | No. 49,291of 69,964 Better than 30% |
| Same industry and fewer than 20 employees51 companies in the comparison | No. 50of 51 Better than 2% | No. 41of 51 Better than 20% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 16,441of 16,614 Better than 1% | No. 8,062of 16,661 Better than 52% |
| All companies of type A/S18,025 companies in the comparison | No. 17,548of 17,786 Better than 1% | No. 16,979of 18,024 Better than 6% |
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
Materials recovery- Circle X Group A/S−DKK 2.2m
- Scanmetals A/SDKK 279.7m
- H.j. Hansen Recycling A/SDKK 260.8m
- Circle X Group A/S−DKK 5.5m
- Scanmetals A/S−DKK 34.1m
- H.j. Hansen Recycling A/SDKK 34.9m
- Circle X Group A/SDKK 235k
- Scanmetals A/SDKK 189.8m
- H.j. Hansen Recycling A/SDKK 251.1m
- Circle X Group A/S17
- Scanmetals A/S111
- H.j. Hansen Recycling A/S217
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Consortium X ApS90%
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Philip Hauen-Limkilde Bresling | Director | 16/04/2024 |
| Michael Andreasen Hassenkam | Director | 16/04/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jesper Teichert Marcussen | Board member | 09/12/2024 |
| Jesper Valentin Holm | Board member | 17/06/2026 |
| Anders Greve Pihlkjær | Chair of the board | 17/06/2026 |
- Auditor
- Grant Thornton, Godkendt Revisionspartnerselskab
- Founders
- Consortium X ApS
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Finn Nicolai Christmas-Poulsen | Chair of the board | 16/04/2024 | 30/12/2025 |
| Anders Greve Pihlkjær | Board member | 09/12/2024 | 16/06/2026 |
Signing rule: Selskabet tegnes af to direktører i forening eller en direktør og bestyrelsesformanden i forening.
Address and production units
1 active production unitsHavnevej 10
3300 Frederiksværk
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Circle X Group A/S | Havnevej 10, 3300 Frederiksværk | 17 | 1030275884 |
Purpose
Selskabets formål er at drive virksomhed med at skabe løsninger indenfor affaldshåndtering og cirkulære plastiksystemer, samt enhver i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
23 registered events20268 changescapital 4 · accounts 1 · management 3
- CapitalShare capital changed from 535,798 DKK to 560,986 DKK
- CapitalShare capital changed from 530,761 DKK to 535,798 DKK
- CapitalShare capital changed from 529,082 DKK to 530,761 DKK
- AccountsAnnual report for 2025 published
- ManagementJesper Valentin Holm appointed board member
- ManagementAnders Greve Pihlkjær appointed chair of the board
- ManagementAnders Greve Pihlkjær stepped down as board member
- CapitalShare capital changed from 521,131 DKK to 529,082 DKK
20255 changesmanagement 1 · capital 2 · accounts 1 · industry 1
- ManagementFinn Nicolai Christmas-Poulsen stepped down as chair of the board
- CapitalShare capital changed from 500,000 DKK to 521,131 DKK
- CapitalShare capital changed from 475,000 DKK to 500,000 DKK
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Materials recovery (382100)
202410 changesname 1 · capital 2 · management 5 · founded 1 · ownership 1
- NameName changed from Circle X Group ApS to Circle X Group A/S
- CapitalShare capital changed from 47,500 DKK to 475,000 DKK
- ManagementJesper Teichert Marcussen appointed board member
- ManagementAnders Greve Pihlkjær appointed board member
- CapitalShare capital changed from 40,000 DKK to 47,500 DKK
- FoundedRegistered as Circle X Group ApS
- ManagementMichael Andreasen Hassenkam appointed director
- ManagementPhilip Hauen-Limkilde Bresling appointed director
- ManagementFinn Nicolai Christmas-Poulsen appointed chair of the board
- OwnershipConsortium X ApS registered as owner (90%)
Related companies
Same people in management
- Gloube ApSvia Jesper Teichert Marcussen
- Gloube 2 ApSvia Jesper Teichert Marcussen
- Agillic A/Svia Jesper Valentin Holm
- Gloum ApSvia Jesper Teichert Marcussen
- Lautec A/Svia Anders Greve Pihlkjær
- Bottega Estadio ApSvia Jesper Teichert Marcussen
Largest in the industry
- Scanmetals A/SDKK 279.7m
- H.j. Hansen Recycling A/SDKK 260.8m
- Stena Recycling A/SDKK 209.2m
- Blue Phoenix Denmark A/SDKK 164.4m
- Blue Phoenix Denmark IBA A/SDKK 159m
- Modern American Recycling Services, Europe A/SDKK 96.1m
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.