Cycle Spaces A/S
Public limited companyCVR 33085303Aarhus CActive
Cycle Spaces A/S is a public limited company, based in Aarhus C, active in industrial design and fashion design, founded in 2010. The company went from a profit in 2024 to a loss of DKK 453k in 2025. Equity fell to DKK 327k in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 47% (2024 → 2025), to DKK 602k.
- Net profit went from a profit of DKK 38,243 to a loss of DKK 453k (2024 → 2025).
- Equity fell 58% (2024 → 2025), to DKK 327k.
Employees
- 1 more employees than a year earlier: 2 (08/2026) against 1 (08/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Industrial design and fashion design (741100)
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 | 919 | 1,418 | 1,581 | 979 | 1,132 | 602 | −46.8% |
| Operating profit (EBIT) | −190 | 246 | 293 | −355 | 88 | −399 | −553.9% |
| Profit before tax | −218 | 217 | 273 | −380 | 40 | −453 | −1,226% |
| Net profit | −170 | 169 | 213 | −297 | 38 | −453 | −1,284.7% |
| Total assets | 1,671 | 1,442 | 1,499 | 1,306 | 1,443 | 1,193 | −17.3% |
| Equity | 956 | 1,125 | 1,188 | 741 | 780 | 327 | −58.1% |
| Liabilities | 596 | 239 | 257 | 565 | 663 | 866 | +30.6% |
| Cash and cash equivalents | 1 | 1 | 175 | 1 | 1 | 1 | −16.6% |
| Average number of employees | 2 | 2 | 2 | 2 | 2 | 2 | 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 figuresEquity fell sharply
Equity fell 58% from 2024 to 2025 (DKK 780k to DKK 327k).
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 | 01/10/2024 – 30/09/2025 | 06/03/2026 | The company | PDF not statedXBRL |
| 2024 | 01/10/2023 – 30/09/2024 | 11/04/2025 | The company | PDFXBRL |
| 2023 | 01/10/2022 – 30/09/2023 | 03/04/2024 | The company | PDFXBRL |
| 2022 | 01/10/2021 – 30/09/2022 | 26/01/2023 | The company | PDFXBRL |
| 2021 | 01/10/2020 – 30/09/2021 | 09/03/2022 | The company | PDFXBRL |
| 2020 | 01/10/2019 – 30/09/2020 | 04/02/2021 | The company | PDF not statedXBRL |
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
226 companies in the databaseComparison with the other companies in industrial design and fashion design based on the latest financial year.
Industry median: gross profit DKK 1.7m, net profit DKK 142k, equity DKK 987k, 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. 52,358of 69,742 Better than 25% | No. 46,518of 69,964 Better than 34% |
| Same industry and fewer than 20 employees200 companies in the comparison | No. 137of 200 Better than 32% | No. 121of 200 Better than 40% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 20,463of 24,791 Better than 17% | No. 21,469of 24,909 Better than 14% |
| All companies of type A/S18,025 companies in the comparison | No. 16,018of 17,786 Better than 10% | No. 16,897of 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
Industrial design and fashion design- Cycle Spaces A/SDKK 602k
- Muuto A/SDKK 309.3m
- Maileg ApSDKK 134.6m
- Cycle Spaces A/S−DKK 453k
- Muuto A/SDKK 106.2m
- Maileg ApSDKK 93.6m
- Cycle Spaces A/SDKK 327k
- Muuto A/SDKK 473.1m
- Maileg ApSDKK 182m
- Cycle Spaces A/S2
- Muuto A/S140
- Maileg ApS37
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- L2DK Holding ApS100%
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| John Irwin Landerholm | Director | 26/08/2010 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Carsten Birk Nielsen | Chair of the board | 19/02/2018 |
| John Irwin Landerholm | Board member | 19/02/2018 |
| Peter Boldsen Lund | Board member | 19/02/2018 |
- Founders
- L2DK Holding ApS
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Frank Lenschow Poulsen | Director | 26/08/2010 | 02/07/2012 |
| Peter Boldsen Lund | Director | 26/08/2010 | 19/02/2018 |
Signing rule: Selskabet tegnes af den samlede bestyrelse eller af 2 bestyrelsesmedlemmer i forening eller af et bestyrelsesmedlem i forening med en direktør.
Address and production units
1 active production unitsMejlgade 46B
8000 Aarhus C
Aarhus Municipality · Postcode 8000
Other companies at the address (1)
- Four Amigos ApSRestaurants and cafés
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Cycle Spaces A/S | Mejlgade 46B, 8000 Aarhus C | 2 | 1016268662 |
Purpose
Selskabets formål er at drive industriel design og produktdesign.
The purpose is quoted from the register in Danish.
Changes year by year
20 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Industrial design and fashion design (741100)
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
20186 changesname 1 · capital 1 · management 4
- NameName changed from CYCLE SPACES ApS to Cycle Spaces A/S
- CapitalShare capital changed from 80,000 DKK to 500,000 DKK
- ManagementCarsten Birk Nielsen appointed chair of the board
- ManagementJohn Irwin Landerholm appointed board member
- ManagementPeter Boldsen Lund appointed board member
- ManagementPeter Boldsen Lund stepped down as director
20131 changeaddress 1
- AddressMoved to Mejlgade 46B, 8000 Aarhus C
20122 changesmanagement 1 · ownership 1
- ManagementFrank Lenschow Poulsen stepped down as director
- OwnershipL2DK Holding ApS registered as owner (100%)
20104 changesfounded 1 · management 3
- FoundedRegistered as CYCLE SPACES ApS
- ManagementFrank Lenschow Poulsen appointed director
- ManagementPeter Boldsen Lund appointed director
- ManagementJohn Irwin Landerholm appointed director
Related companies
Same industry in Aarhus
- Arturel ApS25 employees
- Lind Dna ApS25 employees
- Pedestal ApS16 employees
- Says Who A/S14 employees
- Bloom Objects ApS12 employees
- Studio About ApS8 employees
Same people in management
- Kelsen Group A/Svia Carsten Birk Nielsen
- Tunstall A/Svia Carsten Birk Nielsen
- Americhem Europe A/Svia Carsten Birk Nielsen
- Labflex A/Svia Carsten Birk Nielsen
- HB Products A/Svia Carsten Birk Nielsen
- E+n Arkitektur A/Svia Carsten Birk Nielsen
Largest in the industry
- Muuto A/SDKK 309.3m
- Maileg ApSDKK 134.6m
- Vipp A/SDKK 73.4m
- Fusion ApSDKK 50.1m
- By ACRE ApsDKK 42.4m
- Arhoj ApSDKK 40.6m
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.