ReefCircular ApS
Private limited companyCVR 44601478København ØActive
ReefCircular ApS is a private limited company, based in København Ø, active in research and experimental development on natural sciences and engineering, founded in 2024. Equity was negative at the end of 2025 (−DKK 155k). The company made a loss in both 2024 and 2025, most recently DKK 49,109. The company is new and has been registered for 2 years.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 65% (2024 → 2025), to DKK 196k.
- The loss got smaller: from DKK 145k to DKK 49,109 (2024 → 2025).
Employees
- 1 more employees than a year earlier: 2 (07/2026) against 1 (07/2025).
Management and owners, last 24 months
- Stepped down: Kathryn Elizabeth Larsen (director, 26/06/2025).
- New owners registered: Shanson Holdings ApS (30/05/2025).
- No longer registered as owner: Shannon Marie Hanson (30/05/2025) and Studio Kathryn Larsen Holding ApS (26/06/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
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 2024–2025 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | Change | |
|---|---|---|---|
| Revenue | not stated | not stated | – |
| Gross profit | 563 | 196 | −65.2% |
| Operating profit (EBIT) | −146 | −48 | +66.8% |
| Profit before tax | −145 | −49 | +66.2% |
| Net profit | −145 | −49 | +66.2% |
| Total assets | 157 | 16 | −89.7% |
| Equity | −105 | −155 | −46.6% |
| Liabilities | 263 | 171 | −35% |
| Cash and cash equivalents | 109 | 4 | −96.5% |
| Average number of employees | 3 | 1 | −66.7% |
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 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 figuresNegative equity
Equity was −DKK 155k at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 2 years in a row
Net result has been negative in 2024–2025.
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
2 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 23/06/2026 | The company | PDF not statedXBRL |
| 2024 | 30/01/2024 – 31/12/2024 | 22/06/2025 | 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
431 companies in the databaseComparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.
Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 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. 59,505of 69,742 Better than 15% | No. 63,076of 69,964 Better than 10% |
| Same industry and fewer than 20 employees329 companies in the comparison | No. 162of 323 Better than 50% | No. 227of 329 Better than 31% |
| Companies that are founded within the last five years16,675 companies in the comparison | No. 13,863of 16,627 Better than 17% | No. 14,342of 16,674 Better than 14% |
| All companies of type ApS66,508 companies in the comparison | No. 57,243of 66,379 Better than 14% | No. 59,441of 66,505 Better than 11% |
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
Research and experimental development on natural sciences and engineering- ReefCircular ApSDKK 196k
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- ReefCircular ApS−DKK 49,109
- Carlsberg A/SDKK 7bn
- Zealand Pharma A/SDKK 6.5bn
- ReefCircular ApS−DKK 155k
- Carlsberg A/SDKK 30.7bn
- Zealand Pharma A/SDKK 14.8bn
- ReefCircular ApS2
- Carlsberg A/S107
- Zealand Pharma A/S569
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Shanson Holdings ApS100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Shannon Marie Hanson | Director | 30/01/2024 |
- Founders
- Shannon Marie Hanson, Studio Kathryn Larsen Holding ApS
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Kathryn Elizabeth Larsen | Director | 30/01/2024 | 26/06/2025 |
Signing rule: Selskabet tegnes af et medlem af direktionen.
Address and production units
1 active production unitsFruebjergvej 3
2100 København Ø
København Municipality · Postcode 2100
Other companies at the address (8)
- Vektor Ejendomme A/SBuying and selling of own real estate
- Symbion A/SRenting of commercial property
- Synopsys Denmark ApSComputer consultancy and computer facilities management
- Clinical-Microbiomics A/SResearch and experimental development on natural sciences and engineering
- River Stone Biotech ApSResearch and experimental development on natural sciences and engineering
| Production unit | Address | Employees | P number |
|---|---|---|---|
| ReefCircular ApS | Fruebjergvej 3, 2100 København Ø | 2 | 1030053040 |
Purpose
Selskabets formål er at lave forskning og udvikling inden for havbundsrestaurering og anden efter direktionens vurdering dermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
12 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20256 changesmanagement 1 · ownership 3 · accounts 1 · industry 1
- ManagementKathryn Elizabeth Larsen stepped down as director
- OwnershipStudio Kathryn Larsen Holding ApS is no longer registered as owner
- AccountsAnnual report for 2024 published
- OwnershipShanson Holdings ApS registered as owner (100%)
- OwnershipShannon Marie Hanson is no longer registered as owner
- IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)
20245 changesfounded 1 · management 2 · ownership 2
- FoundedRegistered as ReefCircular ApS
- ManagementKathryn Elizabeth Larsen appointed director
- ManagementShannon Marie Hanson appointed director
- OwnershipShannon Marie Hanson registered as owner (50%)
- OwnershipStudio Kathryn Larsen Holding ApS registered as owner (50%)
Related companies
Same industry in København
- Genmab A/S676 employees
- 3shape A/S518 employees
- Carlsberg A/S107 employees
- IQVIA RDS Denmark A/S100 employees
- Nuevolution A/S100 employees
- Sunshine Enterprise Holding A/S73 employees
Same people in management
- Studio Kathryn Larsen ApSvia Kathryn Elizabeth Larsen
Largest in the industry
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Gubra A/SDKK 2.6bn
- Vestas Wind Systems A/SDKK 2.5bn
- Bang & Olufsen A/SDKK 1.4bn
- 3shape A/SDKK 1.3bn
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.