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Rec Watches ApS

Private limited companyCVR 35404724VordingborgActive

Rec Watches ApS is a private limited company, based in Vordingborg, active in wholesale of watches and jewellery, founded in 2013. Equity was negative at the end of 2025 (−DKK 2.5m). After a loss in 2024, the company made a profit of DKK 4.4m in 2025. 6 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 6.3m+360.3% vs. 2024
Net profitDKK 4.4m+181.8% vs. 2024
Equity−DKK 2.5m+64.1% vs. 2024
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit went from a loss of DKK 5.4m to a profit of DKK 4.4m (2024 → 2025).

Employees

  • 2 more employees than a year earlier: 7 (07/2026) against 5 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of watches and jewellery (464800)

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 8m−DKK 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4m202020212022202320242025
EquityNet profit
Financial figures for Rec Watches ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,7473,9201,3321,969−2,4186,296+360.3%
Operating profit (EBIT)270697−1,673−617−4,7103,660+177.7%
Profit before tax39517−2,639−1,690−5,3782,652+149.3%
Net profit39517−2,639−1,690−5,3784,402+181.8%
Total assets4,9629,0079,3336,08910,43813,377+28.2%
Equity2,3202,836197−1,493−6,871−2,470+64.1%
Liabilities2,6426,1709,1367,58217,30915,846−8.4%
Cash and cash equivalents2731,9401,0855597552,185+189.2%
Average number of employees466445+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 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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
Gross profitMedian, the industry (72 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 2.5m 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

6 financial years
Annual reports for Rec Watches ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202527/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202123/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/06/2021The 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
0123456708/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

72 companies in the database

Comparison with the other companies in wholesale of watches and jewellery based on the latest financial year.

Gross profitDKK 6.3mNo. 19 of 72
Better than 75% of the companies in the industry
Equity−DKK 2.5mNo. 68 of 72
Better than 6% of the companies in the industry
Number of employees7No. 27 of 72
Better than 63% of the companies in the industry

Industry median: gross profit DKK 2m, net profit DKK 165k, equity DKK 1.9m, 4 employees.

DKK 100kDKK 593kDKK 3.5mDKK 20.8mDKK 68.3mHere
Distribution of gross profit for 68 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. 10,063of 69,742
Better than 86%
No. 68,497of 69,964
Better than 2%
Same industry and fewer than 20 employees63 companies in the comparison
No. 10of 63
Better than 85%
No. 59of 63
Better than 6%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 7,022of 33,588
Better than 79%
No. 32,656of 33,687
Better than 3%
All companies of type ApS66,508 companies in the comparison
No. 10,780of 66,379
Better than 84%
No. 65,036of 66,505
Better than 2%

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

Wholesale of watches and jewellery
Gross profit
  1. Rec Watches ApSDKK 6.3m
  2. Ole Lynggaard A/SDKK 123.5m
  3. Essilor Danmark A/SDKK 39.7m
Net profit
  1. Rec Watches ApSDKK 4.4m
  2. Ole Lynggaard A/SDKK 20.5m
  3. Essilor Danmark A/SDKK 1.7m
Equity
  1. Rec Watches ApS−DKK 2.5m
  2. Ole Lynggaard A/SDKK 111m
  3. Essilor Danmark A/SDKK 13m
Employees
  1. Rec Watches ApS7
  2. Ole Lynggaard A/S101
  3. Essilor Danmark A/S33

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
  • Daugelykke ApS15%
  • Combi Service Roskilde Holding ApS10%
  • Jesper Buch Holding ApS10%
  • Lind Family Holding A/S10%
  • Bananas Have Appeal Holding ApS33.33%
Rec Watches ApS

Management

7 active registrations

Executive management

Executive management at Rec Watches ApS
NameRoleAppointed
Jonathan Kamstrup TonnesenDirector19/07/2013
Christian Felix Friis MyghDirector19/07/2013

Board of directors

Board of directors at Rec Watches ApS
NameRoleAppointed
Jonathan Kamstrup TonnesenBoard member04/10/2017
Christian Felix Friis MyghBoard member04/10/2017
Jesper BuchBoard member04/10/2017
Michael KroghChair of the board04/10/2017
David Bøgevang Køster ChristensenBoard member05/09/2019
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
Bananas Have Appeal Holding ApS
Former management (1)
Former management at Rec Watches ApS
NameRoleAppointedResigned
Michael KroghDirector24/01/201427/10/2015

Signing rule: Selskabet tegnes af to direktører i forening.

Address and production units

1 active production units

Marienbergvej 108
4760 Vordingborg

Vordingborg Municipality · Postcode 4760

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
REC WATCHES ApSMarienbergvej 108, 4760 Vordingborg71018645943

Purpose

Selskabets formål er at designe, fremstille og sælge ure samt hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

44 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Wholesale of watches and jewellery (464800)
20242 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Marienbergvej 108, 4760 Vordingborg
20232 changesaccounts 1 · address 1
  • Annual report for 2022 published
  • Moved to Marienbergvej 108, 4760 Vordingborg
20222 changesaddress 1 · accounts 1
  • Moved to Masnedøvej 9, 4760 Vordingborg
  • Annual report for 2021 published
20212 changesaccounts 1 · address 1
  • Annual report for 2020 published
  • Moved to Uplandsgade 56, 2300 København S
20191 changemanagement 1
  • David Bøgevang Køster Christensen appointed board member
20187 changesaddress 1 · capital 1 · ownership 5
  • Moved to Skudehavnsvej 1, 2. th, 2150 Nordhavn
  • Share capital changed from 157,841 DKK to 185,701 DKK
  • Lind Family Holding A/S registered as owner (10%)
  • BANANAS HAVE APPEAL HOLDING ApS registered as owner (33.33%)
  • MOUNT BALDY A/S is no longer registered as owner
  • THENEWBLACK ApS is no longer registered as owner
  • BANANAS HAVE APPEAL HOLDING ApS is no longer registered as owner
20177 changesmanagement 4 · address 1 · ownership 2
  • Christian Felix Friis Mygh appointed board member
  • Jonathan Kamstrup Tonnesen appointed board member
  • Jesper Buch appointed board member
  • Michael Krogh appointed chair of the board
  • Moved to Skudehavnsvej 1, 2. th, 2150 Nordhavn
  • Jesper Buch Holding ApS registered as owner (10%)
  • Jesper Buch is no longer registered as owner
20161 changecapital 1
  • Share capital changed from 146,151 DKK to 157,841 DKK
20158 changesmanagement 1 · capital 1 · ownership 6
  • Michael Krogh stepped down as director
  • Share capital changed from 95,000 DKK to 146,151 DKK
  • BANANAS HAVE APPEAL HOLDING ApS registered as owner (50%)
  • MOUNT BALDY A/S registered as owner (5%)
  • Jesper Buch registered as owner (10%)
  • COMBI SERVICE ROSKILDE HOLDING ApS registered as owner (10%)
  • THENEWBLACK ApS registered as owner (5%)
  • BANANAS HAVE APPEAL HOLDING ApS is no longer registered as owner
20145 changesaddress 1 · capital 1 · management 1 · ownership 2
  • Moved to Bredgade 36E, 2, 1260 København K
  • Share capital changed from 80,000 DKK to 95,000 DKK
  • Michael Krogh appointed director
  • DAUGELYKKE ApS registered as owner (15%)
  • BANANAS HAVE APPEAL HOLDING ApS registered as owner (66.67%)
20134 changesindustry 1 · founded 1 · management 2
  • Industry changed to Wholesale of watches and jewellery (464800)
  • Registered as REC WATCHES ApS
  • Christian Felix Friis Mygh appointed director
  • Jonathan Kamstrup Tonnesen appointed director

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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