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Cykelgear A/S

Public limited companyCVR 35252002TerndrupActive

Cykelgear A/S is a public limited company, based in Terndrup, active in retail sale of bicycles, founded in 2013. Net profit fell 45% from 2024 to 2025, ending at DKK 4.5m. Measured by gross profit, it ranks no. 2 of 217 companies in the industry in the database. With 108 employees, the company is about 36 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 42.2m+29.8% vs. 2024
Net profitDKK 4.5m−44.6% vs. 2024
EquityDKK 25.1m+2.1% vs. 2024
Employees108latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 30% (2024 → 2025), to DKK 42.2m.
  • Net profit fell 45% (2024 → 2025), to DKK 4.5m.
  • Equity rose 2% (2024 → 2025), to DKK 25.1m.

Employees

  • 18 more employees than a year earlier: 108 (07/2026) against 90 (07/2025).

Registrations, last 24 months

  • 28/02/2025: Merger registered in CVR
  • 28/02/2025: Share capital changed from 500,000 DKK to 500,100 DKK
  • 01/01/2025: Industry changed to Retail sale of bicycles (476320)

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 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Cykelgear A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit51,51950,03833,10932,95432,55342,249+29.8%
Operating profit (EBIT)–32,53814,86112,35610,2466,794−33.7%
Profit before tax35,95032,17813,62712,13710,3255,728−44.5%
Net profit28,03925,12410,6199,4888,0424,454−44.6%
Total assets53,27754,56953,72951,69764,21284,337+31.3%
Equity38,16626,59027,10925,99724,63925,150+2.1%
Liabilities15,04327,93526,36525,25038,41958,046+51.1%
Cash and cash equivalents19,7542,3857,76610,4601,1448,798+669.3%
Average number of employees404440424565+44.4%

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 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (217 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

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
Annual reports for Cykelgear A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202519/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202415/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202312/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202202/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202105/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202002/03/2021The 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
02040608010008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

217 companies in the database

Comparison with the other companies in retail sale of bicycles based on the latest financial year.

Gross profitDKK 42.2mNo. 2 of 217
Better than 100% of the companies in the industry
EquityDKK 25.1mNo. 3 of 217
Better than 99% of the companies in the industry
Number of employees108No. 2 of 217
Better than 100% of the companies in the industry

Industry median: gross profit DKK 1.6m, net profit DKK 113k, equity DKK 868k, 3 employees.

DKK 100kDKK 492kDKK 2.4mDKK 11.9mDKK 34.4mHere
Distribution of gross profit for 212 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 50–199 employees4,467 companies in the comparison
No. 2,157of 4,412
Better than 51%
No. 1,941of 4,466
Better than 57%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 862of 33,588
Better than 97%
No. 1,971of 33,687
Better than 94%
All companies of type A/S18,025 companies in the comparison
No. 3,388of 17,786
Better than 81%
No. 5,450of 18,024
Better than 70%

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

Retail sale of bicycles
Gross profit
  1. Cykelgear A/SDKK 42.2m
  2. Skatepro ApSDKK 58.5m
  3. Lindebjerg A/SDKK 38m
Net profit
  1. Cykelgear A/SDKK 4.5m
  2. Skatepro ApSDKK 6.7m
  3. Lindebjerg A/SDKK 7m
Equity
  1. Cykelgear A/SDKK 25.1m
  2. Skatepro ApSDKK 91.2m
  3. Lindebjerg A/SDKK 15.2m
Employees
  1. Cykelgear A/S108
  2. Skatepro ApS118
  3. Lindebjerg A/S83

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
Cykelgear A/S

Management

5 active registrations

Executive management

Executive management at Cykelgear A/S
NameRoleAppointed
Andreas BangCEO01/03/2022
Søren Rousing Djernæs-AndersenDirector27/06/2022

Board of directors

Board of directors at Cykelgear A/S
NameRoleAppointed
Tim TeunissenChair of the board15/10/2021
Piebe Hans Flip KosterBoard member14/06/2022
Ruben Jonathan DankaartBoard member17/04/2023
Founders
Kasper Buus Larsen, Erik Buus Larsen
Former management (14)
Former management at Cykelgear A/S
NameRoleAppointedResigned
Kasper Buus LarsenChair of the board24/05/201316/10/2018
Erik Buus LarsenBoard member24/05/201314/06/2022
Erik Buus LarsenCEO24/05/201301/03/2022
Henrik Buus LarsenBoard member24/05/201315/10/2021
Peter Vagner KrøjgaardDeputy chair17/10/201811/05/2020
Kasper Buus LarsenBoard member17/10/201810/05/2020
Kasper Buus LarsenDirector17/10/201811/05/2020
Nick Lissner NørregaardBoard member17/10/201811/05/2020
Hardy BjærgeChair of the board17/10/201811/05/2020
Kasper Buus LarsenChair of the board11/05/202014/10/2021
Kasper Buus LarsenBoard member15/10/202130/04/2022
Kasper Buus LarsenDirector15/10/202101/03/2022
Martin Løhde JacobsenBoard member15/10/202117/04/2023
Ruben DankaartBoard member15/10/202101/03/2022

Signing rule: Selskabet tegnes af bestyrelsesformanden eller af et bestyrelsesmedlem i forening med en direktør eller af to direktører i forening.

Address and production units

2 active production units

Industrivej 5
9575 Terndrup

Rebild Municipality · Postcode 9575

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Cykelgear A/SIndustrivej 5, 9575 Terndrup991021232889
Cykelgear A/SRyesgade 9B, 2. th, 8000 Aarhus C81029685785

Purpose

Selskabets formål er salg af cykler og cykeludstyr samt investering m.v.

The purpose is quoted from the register in Danish.

Changes year by year

49 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesaccounts 1 · capital 1 · merger 1 · industry 1
  • Annual report for 2024 published
  • Share capital changed from 500,000 DKK to 500,100 DKK
  • Merger registered in CVR
  • Industry changed to Retail sale of bicycles (476320)
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changesaccounts 1 · management 2
  • Annual report for 2022 published
  • Ruben Jonathan Dankaart appointed board member
  • Martin Løhde Jacobsen stepped down as board member
20229 changesmanagement 8 · accounts 1
  • Søren Rousing Djernæs-Andersen appointed director
  • Piebe Hans Flip Koster appointed board member
  • Erik Buus Larsen stepped down as board member
  • Kasper Buus Larsen stepped down as board member
  • Annual report for 2021 published
  • Andreas Bang appointed ceo
  • Kasper Buus Larsen stepped down as director
  • Ruben Dankaart stepped down as board member
  • Erik Buus Larsen stepped down as ceo
202110 changesmanagement 7 · ownership 2 · accounts 1
  • Kasper Buus Larsen appointed board member
  • Kasper Buus Larsen appointed director
  • Tim Teunissen appointed chair of the board
  • Ruben Dankaart appointed board member
  • Martin Løhde Jacobsen appointed board member
  • Henrik Buus Larsen stepped down as board member
  • FC Cykelgear ApS registered as owner (100%)
  • Aexo ApS is no longer registered as owner
  • Kasper Buus Larsen stepped down as chair of the board
  • Annual report for 2020 published
20206 changesmanagement 6
  • Kasper Buus Larsen appointed chair of the board
  • Peter Vagner Krøjgaard stepped down as deputy chair
  • Hardy Bjærge stepped down as chair of the board
  • Nick Lissner Nørregaard stepped down as board member
  • Kasper Buus Larsen stepped down as director
  • Kasper Buus Larsen stepped down as board member
20186 changesmanagement 6
  • Peter Vagner Krøjgaard appointed deputy chair
  • Hardy Bjærge appointed chair of the board
  • Nick Lissner Nørregaard appointed board member
  • Kasper Buus Larsen appointed director
  • Kasper Buus Larsen appointed board member
  • Kasper Buus Larsen stepped down as chair of the board
20161 changeaddress 1
  • Moved to Industrivej 5, 9575 Terndrup
20141 changeindustry 1
  • Industry changed to Detailhandel med hobbyartikler, musikinstrumenter, sportsudstyr, legetøj, cykler via internet (479115)
20137 changesindustry 1 · founded 1 · management 4 · ownership 1
  • Industry changed to Cykel- og knallertforretninger (476420)
  • Registered as CYKELGEAR A/S
  • Erik Buus Larsen appointed board member
  • Henrik Buus Larsen appointed board member
  • Erik Buus Larsen appointed ceo
  • Kasper Buus Larsen appointed chair of the board
  • Aexo ApS registered as owner (100%)

Related companies

Same people in management

Largest in the industry

See all →

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.

View in CVRReport a correction