M&J Recycling Group ApS
Private limited companyCVR 42545651HorsensActive
M&J Recycling Group ApS is a private limited company, based in Horsens, active in business and other management consultancy activities, founded in 2021. The company made a loss in both 2024 and 2025, most recently DKK 738k. Gross profit is higher than that of 91% of the companies in the industry in the database.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 69% (2024 → 2025), to DKK 15.3m.
- Revenue rose 39% (2024 → 2025), to DKK 62.3m.
- The loss got smaller: from DKK 7.2m to DKK 738k (2024 → 2025).
- Equity fell 3% (2024 → 2025), to DKK 23.2m.
Management and owners, last 24 months
- New in management: Maija Anneli Joutsenkoski (board member, 30/04/2026).
- Stepped down: Pasi Ilkka Juhani Koota (board member, 30/04/2026).
Registrations, last 24 months
- 01/01/2025: Industry changed to Business and other management consultancy activities (702000)
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 2021–2025 · amounts in DKK thousandEquity and net profit
| 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|
| Revenue | not stated | 65,846 | 69,548 | 44,717 | 62,321 | +39.4% |
| Gross profit | −1,698 | 20,907 | 21,879 | 9,048 | 15,282 | +68.9% |
| Operating profit (EBIT) | −1,698 | – | 952 | −6,611 | 1,518 | +123% |
| Profit before tax | −1,705 | −137 | −1,085 | −8,148 | −151 | +98.1% |
| Net profit | −1,704 | −605 | −1,544 | −7,156 | −738 | +89.7% |
| Total assets | 54,541 | 83,044 | 70,504 | 62,217 | 53,090 | −14.7% |
| Equity | 33,301 | 35,228 | 33,684 | 23,928 | 23,190 | −3.1% |
| Liabilities | 21,240 | 44,494 | 33,780 | 36,698 | 28,708 | −21.8% |
| Cash and cash equivalents | 2,304 | 2,124 | 0 | 0 | 2,848 | – |
| Average number of employees | – | 140 | 149 | 137 | 119 | −13.1% |
Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2021: 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 5 years in a row
Net result has been negative in 2021–2025.
How is this calculated?
Net result is negative in the two or more 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
5 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 11/03/2026 | The group | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 21/03/2025 | The group | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 22/03/2024 | The group | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 11/04/2023 | The group | PDFXBRL |
| 2021 | 13/07/2021 – 31/12/2021 | 07/06/2022 | 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
2,370 companies in the databaseComparison with the other companies in business and other management consultancy activities based on the latest financial year.
Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 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. 2,356of 69,742 Better than 97% | No. 5,250of 69,964 Better than 92% |
| Same industry and fewer than 20 employees2,220 companies in the comparison | No. 111of 2,210 Better than 95% | No. 253of 2,219 Better than 89% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 2,776of 33,588 Better than 92% | No. 2,076of 33,687 Better than 94% |
| All companies of type ApS66,508 companies in the comparison | No. 3,548of 66,379 Better than 95% | No. 3,794of 66,505 Better than 94% |
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
Business and other management consultancy activities- M&J Recycling Group ApSDKK 15.3m
- COWI Holding A/SDKK 7bn
- Accenture A/SDKK 1.1bn
- M&J Recycling Group ApS−DKK 738k
- COWI Holding A/SDKK 374m
- Accenture A/SDKK 116.1m
- M&J Recycling Group ApSDKK 23.2m
- COWI Holding A/SDKK 2bn
- Accenture A/SDKK 642m
- M&J Recycling Group ApS2
- COWI Holding A/S12
- Accenture A/S977
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Ahlstrom Capital B.V.66.67%
- M&J Management Holding ApS10%
Subsidiaries are shown only if they are in the database.
Management
8 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| John Møller Terkelsen | Director | 01/12/2021 |
| René Normann Christensen | CEO | 10/07/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Carsten Nygaard Knudsen | Chair of the board | 01/12/2021 |
| Tero Juhana Telaranta | Board member | 01/12/2021 |
| Hans Erik Ahlström | Board member | 01/09/2022 |
| Wim Christiaan Henricus van Lieshout | Board member | 01/12/2022 |
| Mette Dobel | Board member | 01/01/2024 |
| Maija Anneli Joutsenkoski | Board member | 30/04/2026 |
- Founders
- Ahlstrom Capital B.V.
Former management (7)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Lars Sebastian Burmeister | Director | 13/07/2021 | 01/12/2021 |
| Sandra Lina Wickström | Director | 13/07/2021 | 01/12/2021 |
| Pasi Ilkka Juhani Koota | Director | 13/07/2021 | 01/12/2021 |
| Tero Juhana Telaranta | Director | 13/07/2021 | 01/12/2021 |
| Uffe Hansen | CEO | 01/12/2021 | 23/04/2024 |
| Pasi Ilkka Juhani Koota | Board member | 01/12/2021 | 30/04/2026 |
| René Normann Christensen | Director | 23/04/2024 | 09/07/2024 |
Signing rule: Selskabet tegnes af enten bestyrelsesformanden, Tero Juhana Telaranta og Maija Anneli Joutsenkoski i forening, den samlede direktion i forening, eller den samlede bestyrelse i forening.
Address and production units
1 active production unitsVejlevej 5
8700 Horsens
Horsens Municipality · Postcode 8700
Other companies at the address (1)
- M&J Denmark A/SManufacture of other special-purpose machinery n.e.c.
| Production unit | Address | Employees | P number |
|---|---|---|---|
| M&J Recycling Group ApS | Vejlevej 5, 8700 Horsens | 2 | 1027373492 |
Purpose
Selskabets formål er at (i) at udøve administrative serviceydelser, (ii) at investere i og besidde kapitalandele i selskaber samt (iii) anden virksomhed, der efter bestyrelsens skøn er direkte eller indirekte forbundet hermed.
The purpose is quoted from the register in Danish.
Changes year by year
35 registered events20263 changesmanagement 2 · accounts 1
- ManagementMaija Anneli Joutsenkoski appointed board member
- ManagementPasi Ilkka Juhani Koota stepped down as board member
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Business and other management consultancy activities (702000)
20246 changesmanagement 5 · accounts 1
- ManagementRené Normann Christensen appointed ceo
- ManagementRené Normann Christensen stepped down as director
- ManagementRené Normann Christensen appointed director
- ManagementUffe Hansen stepped down as ceo
- AccountsAnnual report for 2023 published
- ManagementMette Dobel appointed board member
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20223 changesmanagement 2 · accounts 1
- ManagementWim Christiaan Henricus van Lieshout appointed board member
- ManagementHans Erik Ahlström appointed board member
- AccountsAnnual report for 2021 published
202120 changesname 1 · address 1 · management 13 · capital 1 · ownership 2 · industry 1 · founded 1
- NameName changed from Ahlstrøm Capital ApS to M&J Recycling Group ApS
- AddressMoved to Vejlevej 5, 8700 Horsens
- ManagementJohn Møller Terkelsen appointed director
- ManagementUffe Hansen appointed ceo
- ManagementPasi Ilkka Juhani Koota appointed board member
- ManagementCarsten Nygaard Knudsen appointed chair of the board
- ManagementTero Juhana Telaranta appointed board member
- ManagementLars Sebastian Burmeister stepped down as director
- ManagementTero Juhana Telaranta stepped down as director
- ManagementPasi Ilkka Juhani Koota stepped down as director
- ManagementSandra Lina Wickström stepped down as director
- CapitalShare capital changed from 5,380 EUR to 5,991 DKK
- OwnershipM&J Management Holding ApS registered as owner (10%)
- IndustryIndustry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
- FoundedRegistered as Ahlstrøm Capital ApS
- ManagementLars Sebastian Burmeister appointed director
- ManagementTero Juhana Telaranta appointed director
- ManagementPasi Ilkka Juhani Koota appointed director
- ManagementSandra Lina Wickström appointed director
- OwnershipAhlstrom Capital B.V. registered as owner (66.67%)
Related companies
Same industry in Horsens
- Jobinplace A/S42 employees
- GapSolutions A/S34 employees
- adcobo ApS17 employees
- Sustainx ApS16 employees
- COMPA Mobility ApS16 employees
- Insero A/S12 employees
Same people in management
- EG Danmark A/Svia Carsten Nygaard Knudsen
- G.s.v. Materieludlejning A/Svia Carsten Nygaard Knudsen
- Kohberg Bakery Group A/Svia René Normann Christensen
- CS WIND Offshore A/Svia Carsten Nygaard Knudsen
- Sawo A/Svia Uffe Hansen
- Danske Shoppingcentre P/Svia Carsten Nygaard Knudsen
Largest in the industry
- COWI Holding A/SDKK 7bn
- Accenture A/SDKK 1.1bn
- Gts Nordic ApSDKK 968.5m
- CODAN Companies ApSDKK 877.7m
- Ferrosan Medical Devices Group A/SDKK 799.1m
- Stibo Complete Group A/SDKK 613.9m
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.