CircleTech Denmark ApS
Private limited companyCVR 43999044København VActive
CircleTech Denmark ApS is a private limited company, based in København V, active in manufacture of other electrical equipment, founded in 2023. Equity was negative at the end of 2025 (−DKK 4.8m). After a loss in 2024, the company made a profit of DKK 929k in 2025. 3 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 17% (2024 → 2025), to DKK 10.6m.
- Net profit went from a loss of DKK 332k to a profit of DKK 929k (2024 → 2025).
Management and owners, last 24 months
- Stepped down: John Edward Bish (director, 31/10/2025).
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 | 9,035 | 10,586 | +17.2% |
| Operating profit (EBIT) | 763 | 227 | −70.2% |
| Profit before tax | −332 | 929 | +379.8% |
| Net profit | −332 | 929 | +379.8% |
| Total assets | 350 | 375 | +7.1% |
| Equity | −5,739 | −4,810 | +16.2% |
| Liabilities | 6,089 | 5,185 | −14.8% |
| Cash and cash equivalents | 43 | 24 | −43.6% |
| Average number of employees | 8 | 10 | +25% |
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 figuresNegative equity
Equity was −DKK 4.8m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
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 | 03/03/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 26/06/2025 | 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
86 companies in the databaseComparison with the other companies in manufacture of other electrical equipment based on the latest financial year.
Industry median: gross profit DKK 5.3m, net profit DKK 697k, equity DKK 4.1m, 6 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. 4,373of 69,742 Better than 94% | No. 69,139of 69,964 Better than 1% |
| Same industry and fewer than 20 employees61 companies in the comparison | No. 8of 61 Better than 88% | No. 57of 61 Better than 7% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 902of 16,614 Better than 95% | No. 16,485of 16,661 Better than 1% |
| All companies of type ApS66,508 companies in the comparison | No. 5,661of 66,379 Better than 91% | No. 65,680of 66,505 Better than 1% |
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
Manufacture of other electrical equipment- CircleTech Denmark ApSDKK 10.6m
- Danfoss Power Electronics A/SDKK 554m
- Migatronic A/SDKK 312.9m
- CircleTech Denmark ApSDKK 929k
- Danfoss Power Electronics A/SDKK 179.2m
- Migatronic A/S−DKK 26.5m
- CircleTech Denmark ApS−DKK 4.8m
- Danfoss Power Electronics A/SDKK 607.4m
- Migatronic A/SDKK 69.9m
- CircleTech Denmark ApS10
- Danfoss Power Electronics A/S987
- Migatronic A/S165
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Circle Gas Limited100%
Management
3 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Morten Leth Viktor | Director | 20/04/2023 |
| Elena Alexandrovna Lobodina | Director | 14/07/2023 |
| Richard Michael O'Brien | Director | 07/05/2024 |
- Founders
- Circle Gas Limited
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| John Edward Bish | Director | 20/04/2023 | 31/10/2025 |
| Charles Michael Howard Walford | Director | 14/07/2023 | 07/05/2024 |
Signing rule: Selskabet tegnes af en direktør
Address and production units
1 active production unitsFlæsketorvet 28
1711 København V
København Municipality · Postcode 1711
Other companies at the address (3)
- Peopleteam ApSComputer consultancy and computer facilities management
- Re ApSComputer consultancy and computer facilities management
- StoryHunt ApSComputer programming activities
| Production unit | Address | Employees | P number |
|---|---|---|---|
| CircleTech Denmark ApS | Flæsketorvet 28, 1, 1711 København V | 10 | 1029238193 |
Purpose
Selskabets formål er at fremstille forbrugerelektronik, fremstille elektronisk udstyr til måling, testning mv. - ikke til industriel proceskontrol - at lave forretnings- og domestic-softwareudvikling samt IT- og konsulentaktiviteter.
The purpose is quoted from the register in Danish.
Changes year by year
12 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesmanagement 1 · accounts 1
- ManagementJohn Edward Bish stepped down as director
- AccountsAnnual report for 2024 published
20243 changesaddress 1 · management 2
- AddressMoved to Flæsketorvet 28, 1, 1711 København V
- ManagementRichard Michael O'Brien appointed director
- ManagementCharles Michael Howard Walford stepped down as director
20236 changesmanagement 4 · founded 1 · ownership 1
- ManagementCharles Michael Howard Walford appointed director
- ManagementElena Alexandrovna Lobodina appointed director
- FoundedRegistered as CircleTech Denmark ApS
- ManagementJohn Edward Bish appointed director
- ManagementMorten Leth Viktor appointed director
- OwnershipCircle Gas Limited registered as owner (100%)
Related companies
Same industry in København
- Image House Pantoinspect A/S11 employees
- VentriJect ApS10 employees
- Alpitronic Denmark ApS8 employees
- Dobby A/S3 employees
- Acarix A/S2 employees
Same people in management
- Shark Gaming Systems A/Svia Morten Leth Viktor
- Netdoktor Media A/Svia Morten Leth Viktor
- Quick Info ApSvia Morten Leth Viktor
Largest in the industry
- Danfoss Power Electronics A/SDKK 554m
- Migatronic A/SDKK 312.9m
- Actulux A/SDKK 94.7m
- Varo Specialmaskiner A/SDKK 85.7m
- Danfysik A/SDKK 83.3m
- Tunstall A/SDKK 76.1m
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.