Cycle Spaces A/S

CVR 33085303 · Public limited company (A/S) · Active · Medium risk

Cycle Spaces A/S is a Public limited company (A/S), founded on , based in Aarhus C. The company is registered in the industry industrielt design og modedesign. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 15 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK 327k and a net result of DKK -453k. CEO: John Irwin Landerholm.

Bankruptcy risk for Cycle Spaces A/S

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
33085303
Status
Active
Company type
Public limited company (A/S)
Founded
(16 years)
Address
Mejlgade 46B
8000 Aarhus C
Municipality
Aarhus
Industry
Industrielt design og modedesign (741100)
Bankruptcies in the industry: Andre liberale, videnskabelige og tekniske tjenesteydelser i.a.n.
Share capital
DKK 500k
Employees
2 (2018)
Auditor
Martinsen, Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late3 of 15
Missing annual reportNo
Negative equityNo
Equity ratio27.4%
Current ratio109%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address20
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 602kDKK 1.1m
Net profitDKK -453kDKK 38k
EquityDKK 327kDKK 780k
Total assetsDKK 1.2mDKK 1.4m
CashDKK 607–
Short-term debtDKK 866k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Martinsen, Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 30 Sep 2025157
1 Oct 2023 – 30 Sep 2024193 Late
1 Oct 2022 – 30 Sep 2023186 Late
1 Oct 2021 – 30 Sep 2022118
1 Oct 2020 – 30 Sep 2021160
1 Oct 2019 – 30 Sep 2020127
1 Oct 2018 – 30 Sep 2019164
1 Oct 2017 – 30 Sep 2018165
1 Oct 2016 – 30 Sep 2017143
1 Oct 2015 – 30 Sep 201674
1 Oct 2014 – 30 Sep 2015159
1 Oct 2013 – 30 Sep 2014182
1 Oct 2012 – 30 Sep 2013162
1 Oct 2011 – 30 Sep 2012176
26 Aug 2010 – 30 Sep 2011104

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOJohn Irwin LanderholmCurrent
CEOFrank Lenschow Poulsen
CEOPeter Boldsen Lund
BoardCarsten Birk NielsenCurrent
BoardJohn Irwin LanderholmCurrent
BoardPeter Boldsen LundCurrent
Owner (100%)L2DK Holding ApSCurrent
Auditor18. juni 2024 P/S
AuditorRSM DANMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorMN Revision og Rådgivning
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorMARTINSEN STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderL2DK Holding ApSCurrent

The CEOs' other companies

John Irwin Landerholm – 5 other companies

Frank Lenschow Poulsen – 2 other companies

Peter Boldsen Lund – 2 other companies

Address history (1 moves)

Mejlgade 46B, 8000 Aarhus C
c/o L2Design ApS, Mejlgade 46B, 8000 Aarhus C

Former names

Cycle Spaces A/S – now
CYCLE SPACES ApS –

Employees per year

Number of employees at Cycle Spaces A/S per year232011: 320112012: 220122013: 220132014: 220142015: 220152016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in Aarhus

Questions and answers about Cycle Spaces A/S

Has Cycle Spaces A/S gone bankrupt?

No, Cycle Spaces A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Cycle Spaces A/S?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Cycle Spaces A/S?

John Irwin Landerholm is the CEO of Cycle Spaces A/S.

Who is the auditor of Cycle Spaces A/S?

Cycle Spaces A/S most recently used Martinsen, Statsautoriseret Revisionspartnerselskab.

When was Cycle Spaces A/S founded?

Cycle Spaces A/S was founded on 26 August 2010.

What is the equity of Cycle Spaces A/S?

Equity was DKK 327k according to the annual report for the period ending 30 September 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.