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CycleIT ApS

Private limited companyCVR 39526050TaastrupActive

CycleIT ApS is a private limited company, based in Taastrup, active in repair of consumer electronics, founded in 2018. Net profit rose 50% from 2024 to 2025, ending at DKK 492k. Measured by gross profit, it ranks no. 3 of 20 companies in the industry in the database. Equity grew to DKK 764k in 2025.

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Key figures · financial year 2025

Gross profitDKK 3.3m+24.1% vs. 2024
Net profitDKK 492k+49.9% vs. 2024
EquityDKK 764k+33.6% vs. 2024
Employees10latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 24% (2024 → 2025), to DKK 3.3m.
  • Net profit rose 50% (2024 → 2025), to DKK 492k.
  • Equity rose 34% (2024 → 2025), to DKK 764k.

Employees

  • 2 more employees than a year earlier: 10 (07/2026) against 8 (07/2025).

Management and owners, last 24 months

  • New owners registered: TMYL Holding ApS (23/04/2025) and Victoryisland Holding ApS (23/04/2025).
  • No longer registered as owner: TMYL Holding ApS (22/04/2025), AHSN Holding ApS (23/04/2025) and Victoryisland Holding ApS (22/04/2025).

Registrations, last 24 months

  • 07/08/2025: Moved to Rugvænget 19B, 2630 Taastrup
  • 01/01/2025: Industry changed to Repair of consumer electronics (952100)

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 thousand

Equity and net profit

−DKK 400k−DKK 200kDKK 0DKK 200kDKK 400kDKK 600kDKK 800k202020212022202320242025
EquityNet profit
Financial figures for CycleIT ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,8532,1522,2512,0482,6673,310+24.1%
Operating profit (EBIT)24568010−234357701+96.3%
Profit before tax2376671−241357691+93.4%
Net profit1805111−241328492+49.9%
Total assets1,7392,3781,5701,5222,0862,702+29.6%
Equity179583484243572764+33.6%
Liabilities1,5601,7951,0861,2791,4851,911+28.7%
Cash and cash equivalents5094053561849051,319+45.7%
Average number of employees557774−42.9%

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

DKK 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5mDKK 3mDKK 3.5m202020212022202320242025
Gross profitMedian, the industry (20 companies)

Annual reports

6 financial years
Annual reports for CycleIT ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202419/02/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202221/02/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/02/2022The companyPDFXBRL
202001/01/2020 – 31/12/202018/03/2021The companyPDFXBRL

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 CVR
024681008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

20 companies in the database

Comparison with the other companies in repair of consumer electronics based on the latest financial year.

Gross profitDKK 3.3mNo. 3 of 20
Better than 89% of the companies in the industry
EquityDKK 764kNo. 7 of 20
Better than 68% of the companies in the industry
Number of employees10No. 7 of 20
Better than 68% of the companies in the industry

Industry median: gross profit DKK 1.2m, net profit DKK 59,195, equity DKK 429k, 4 employees.

DKK 171kDKK 499kDKK 1.5mDKK 4.2mDKK 8.6mHere
Distribution of gross profit for 20 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 20,673of 69,742
Better than 70%
No. 37,119of 69,964
Better than 47%
Same industry and fewer than 20 employees19 companies in the comparison
No. 2of 19
Better than 94%
No. 7of 19
Better than 67%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 12,177of 33,579
Better than 64%
No. 17,240of 33,678
Better than 49%
All companies of type ApS66,508 companies in the comparison
No. 20,529of 66,379
Better than 69%
No. 32,970of 66,505
Better than 50%

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

Repair of consumer electronics
Gross profit
  1. CycleIT ApSDKK 3.3m
  2. Service Center Gruppen A/SDKK 12.3m
  3. MatKon ApSDKK 5.2m
Net profit
  1. CycleIT ApSDKK 492k
  2. Service Center Gruppen A/S−DKK 3.2m
  3. MatKon ApS−DKK 65,588
Equity
  1. CycleIT ApSDKK 764k
  2. Service Center Gruppen A/SDKK 221k
  3. MatKon ApSDKK 1.8m
Employees
  1. CycleIT ApS10
  2. Service Center Gruppen A/S33
  3. MatKon ApS18

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • TMYL Holding ApS50%
  • Victoryisland Holding ApS33.33%
CycleIT ApS

Management

1 active registrations

Executive management

Executive management at CycleIT ApS
NameRoleAppointed
Tim Myhre-LarsenDirector29/06/2022
Auditor
Dueholm & Partnere, Godkendt Revisionshus
Founders
Andreas Høve Smidt-Nielsen
Former management (1)
Former management at CycleIT ApS
NameRoleAppointedResigned
Andreas Høve Smidt-NielsenDirector20/04/201829/06/2022

Signing rule: Selskabet tegnes af direktøren.

Address and production units

1 active production units

Rugvænget 19B
2630 Taastrup

Høje-Taastrup Municipality · Postcode 2630

Production units
Production unitAddressEmployeesP number
CycleIT ApSRugvænget 19B, 2630 Taastrup101023567519

Purpose

Selskabets formål er at drive virksomhed indenfor reparation af elektronisk udstyr samt anden efter direktionen skøn beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

33 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20258 changesaddress 1 · ownership 5 · accounts 1 · industry 1
  • Moved to Rugvænget 19B, 2630 Taastrup
  • Victoryisland Holding ApS registered as owner (33.33%)
  • TMYL Holding ApS registered as owner (50%)
  • AHSN Holding ApS is no longer registered as owner
  • Victoryisland Holding ApS is no longer registered as owner
  • TMYL Holding ApS is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Repair of consumer electronics (952100)
20242 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Taastrupgårdsvej 20, 2630 Taastrup
20233 changesownership 1 · accounts 1 · address 1
  • Victoryisland Holding ApS registered as owner (10%)
  • Annual report for 2022 published
  • Moved to Taastrupgårdsvej 20, 2630 Taastrup
20226 changesmanagement 2 · ownership 2 · name 1 · accounts 1
  • Tim Myhre-Larsen appointed director
  • Andreas Høve Smidt-Nielsen stepped down as director
  • AHSN Holding ApS registered as owner (33.33%)
  • AHSN Holding ApS is no longer registered as owner
  • Name changed from Mr. Mobil ApS to CycleIT ApS
  • Annual report for 2021 published
20216 changesname 1 · ownership 4 · accounts 1
  • Name changed from Mr. Mac ApS to Mr. Mobil ApS
  • TMYL Holding ApS registered as owner (33.33%)
  • Tim Myhre-Larsen is no longer registered as owner
  • AHSN Holding ApS registered as owner (50%)
  • Andreas Høve Smidt-Nielsen is no longer registered as owner
  • Annual report for 2020 published
20192 changesownership 2
  • Andreas Høve Smidt-Nielsen registered as owner (50%)
  • Tim Myhre-Larsen registered as owner (50%)
20185 changesownership 2 · address 1 · founded 1 · management 1
  • Andreas Høve Smidt-Nielsen is no longer registered as owner
  • Moved to Taastrupgårdsvej 20, 2630 Taastrup
  • Registered as Mr. Mac ApS
  • Andreas Høve Smidt-Nielsen appointed director
  • Andreas Høve Smidt-Nielsen registered as owner (100%)

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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.

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