Upcycle Studios ApS
CVR 38170074 · Private limited company (ApS) · Active · Low risk
Upcycle Studios ApS is a Private limited company (ApS), founded on , based in Aalborg. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 538k and a net result of DKK 4.4m. CEO: Jeppe Lynge Larsen, Klaus Ulrik Malmstrøm-Østerballe.
Bankruptcy risk for Upcycle Studios ApS
0.4%
probability of bankruptcy within 12 months
Low risk
0.3 × the average (1.41%) · higher risk than 57% of active Danish companies
Lowest riskHighest risk
Increases the risk
Time since new CEO1 yrs · bankruptcy rate 16.2%1.8×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×
Reduces the risk
Current ratio500%+ · bankruptcy rate 1.5%0.17×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Negative equityNo · bankruptcy rate 5.1%0.58×
Capital changes2 · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
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
- 38170074
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (9 years)
- Address
- c/o Kristensen Properties A/S, Skibsbyggerivej 5
9000 Aalborg - Municipality
- Aalborg
- Industry
- Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger - Share capital
- DKK 1.9m
- Auditor
- PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 2 of 9 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 0.5% |
| Current ratio | 1,564% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 9 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 36 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 10.1m | DKK 1.7m |
| Net profit | DKK 4.4m | DKK -1.0m |
| Equity | DKK 538k | DKK -3.9m |
| Total assets | DKK 115.9m | DKK 125.7m |
| Cash | DKK 16.5m | – |
| Short-term debt | DKK 7.4m | – |
| Avg. employees | 0 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 155 | ||
| 1 Jan 2024 – 31 Dec 2024 | 125 | ||
| 1 Jan 2023 – 31 Dec 2023 | 68 | ||
| 1 Jan 2022 – 31 Dec 2022 | 178 | ||
| 1 Jan 2021 – 31 Dec 2021 | 119 | ||
| 1 Jan 2020 – 31 Dec 2020 | 193 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 225 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 157 | ||
| 4 Nov 2016 – 31 Dec 2017 | 149 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Jeppe Lynge Larsen | Current | |
| CEO | Klaus Ulrik Malmstrøm-Østerballe | Current | |
| CEO | Robin Feddern | ||
| CEO | Jakob Flymer | ||
| CEO | Jacob Nowak Chemnitz | ||
| CEO | Peter Elling Helmersen | ||
| Board | Kasper Rungfeldt | ||
| Board | Robin Feddern | ||
| Board | Rasmus Nørgaard | ||
| Board | Rune Højby Kock | ||
| Board | Henrik Greve Nielsen | ||
| Board | Steen Sønderby | ||
| Board | Rasmus Nørgaard | ||
| Board | Bjarke Windeløv Graae | ||
| Board | Mikkel Bülow-Lehnsby | ||
| Board | Bo Holse Rasmussen | ||
| Board | Thomas Ebbe Riise-Jakobsen | ||
| Board | Henrik Skak Bender | ||
| Board | Stine Seneberg | ||
| Board | Sune Ingemann | ||
| Owner (100%) | K Partners Ørestad ApS | Current | |
| Owner (100%) | K/S AG-NREP Udlejningsboliger | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Founder | K/S AG-NREP Udlejningsboliger | Current |
The CEOs' other companies
Jeppe Lynge Larsen – 45 other companies, of which 1 bankrupt
- WÜRSELEN 2005 ApS Bankrupt 22 Apr 2021
- ApS ESPOO KOMPLEMENTAR Opløst
- ApS MAXIMILIANSTRASSE KOMPLEMENTAR Opløst
- BREMEN VEGESACK 2003 ApS Opløst
- Blokhus Golfcenter II ApS Active
- Byparkhusene ApS Active
- COBURG 2004 ApS Active
- EJENDOMSAKTIESELSKABET MAREN POPPES GÅRD Active
- EJENDOMSKAPITAL ApS Active
- EPGF F16 ApS Active
- EREC III F38 ApS Active
- Godsbanen 1A4 A/S Active
- Grey A/S Active
- Gråkjær Aqua A/S Opløst
- Gråkjær Aqua International A/S Opløst
- Gråkjær Erhverv A/S Active
- Gråkjær Holding A/S Active
- Gråkjær Landbrug A/S Active
- GÖTTINGEN 2006 ApS Opløst
- HOF 2004 ApS Opløst
- K Partners Ørestad ApS Active
- K62 PropCo ApS Active
- KOMPLEMENTARSELSKABET GERMAN RETAIL A ApS Compulsorily dissolved
- KRISTENSEN FUND & ASSET MANAGEMENT A/S Active
- KRISTENSEN PROPERTIES A/S Active
- Komplementarselskabet Kristensen Partners II ApS Opløst
- Komplementarselskabet Kristensen Partners V ApS Active
- Komplementarselskabet Kristensen Partners VI ApS Opløst
- Las Poulsens Have ApS Active
- Løkke Invest ApS Active
Klaus Ulrik Malmstrøm-Østerballe – 3 other companies
- K Partners Ørestad ApS Active
- MACRO ANALYTICS ApS Opløst
- QB Catering ApS Opløst
Robin Feddern – 50 other companies
- AA Resi Admin ApS Active
- AG Agerbæksvej 13 ApS Active
- AG Agerbæksvej 15-17 ApS Active
- AG Agerbæksvej 21 ApS Active
- AG BASTIONSPARKEN ApS Fusioneret
- AG BOLIGSALG ApS Fusioneret
- AG Construction A/S Active
- AG Dannebrogsgade ApS Active
- AG Dannebrogsgade Holding ApS Active
- AG Development A/S Active
- AG Diget ApS Fusioneret
- AG Engen ApS Active
- AG Fynsvej ApS Active
- AG Gruppen A/S Active
- AG Havneøen Holding ApS Active
- AG Herlev Bygade ApS Active
- AG Herlev Bygade Holding ApS Active
- AG Investments A/S Active
- AG Investments II A/S Active
- AG Investments III A/S Active
- AG KLOSTERBAKKEN ApS Fusioneret
- AG Københavnsvej ApS Active
- AG Køge Kyst A/S Fusioneret
- AG Marielundvej Holding ApS Active
- AG MÅRSLET ApS Opløst
- AG Nærheden ApS Active
- AG Property Management ApS Active
- AG Slettensvej ApS Active
- AG Solrød Strand ApS Active
- AG Solrød Strand Holding ApS Active
Jakob Flymer – 29 other companies
- BF 4 Holding ApS Active
- BF 4 ØS ApS Active
- CMRF Eagle ApS Active
- FIG Invest ApS Active
- GREEN SQUARE ART ApS Active
- Green Square Holding ApS Active
- K Partners Ørestad ApS Active
- Komplementarselskabet AG-NREP Udlejningsboliger ApS Active
- Komplementarselskabet AGI-NREP Banemarksvej ApS Active
- Komplementarselskabet AGI-NREP Sydhavnsgade ApS Active
- Komplementarselskabet Teglhusene ApS Opløst
- Komplementarselskabet Ved Amagerbanen 17-23 ApS Opløst
- Køhlers Have ApS Active
- PELICAN DENMARK HOLDING ApS Active
- PELICAN DK OPCO 3 ApS Active
- PELICAN DK OPCO4 ApS Active
- PELICAN DK PROPCO6 ApS Active
- PELICAN DK PROPCO9 ApS Active
- PELICAN MANAGEMENT ApS Active
- Pelican DK OpCo 6 ApS Active
- Pelican DK PropCo 13 ApS Active
- Pelican DK PropCo 14 ApS Active
- Pelican DK Propco 10 ApS Active
- Pelican Denmark Industrial ApS Active
- Strandhaverne ApS Active
- Udlejningsboliger BF 1.1 ApS Active
- Udlejningsboliger BF 1.1 Holding ApS Active
- Udlejningsboliger BF 3.1.2 ApS Active
- Udlejningsboliger BF 3.1.2 Holding ApS Active
Jacob Nowak Chemnitz – 42 other companies, of which 1 bankrupt
- Johanibali IVS Bankrupt 23 Nov 2018
- AG Herlev Bygade Holding ApS Active
- AGI-NREP Fuglekvarteret Hvidovre Holding ApS Active
- AGI-NREP Valby Holding ApS Active
- CMRF Eagle ApS Active
- CWE Danmark ApS Active
- Heimstaden Frederiksberg Residential ApS Active
- Heimstaden Nimbusparken ApS Active
- K Partners Ørestad ApS Active
- KOMPLEMENTARSELSKABET NREP COPENHAGEN RESIDENTIAL FUND 1 ApS Opløst
- Komplementarselskabet AG-NREP Udlejningsboliger ApS Active
- Komplementarselskabet AGI-NREP Banemarksvej ApS Active
- Komplementarselskabet AGI-NREP Sterling ApS Active
- Komplementarselskabet AGI-NREP Sydhavnsgade ApS Active
- Komplementarselskabet Plushusene 3 ApS Active
- Komplementarselskabet Plushusene 4 ApS Active
- Komplementarselskabet Plushusene ApS Active
- Køhlers Have Almen ApS Active
- Køhlers Have ApS Active
- LUNOCH ApS Active
- Plushusene 1 ApS Active
- Plushusene 1 Holding ApS Active
- Plushusene 10 ApS Active
- Plushusene 10 Holding ApS Active
- Plushusene 11 ApS Active
- Plushusene 11 Holding ApS Active
- Plushusene 12 ApS Active
- Plushusene 12 Holding ApS Active
- Plushusene 13 ApS Active
- Plushusene 13 Holding ApS Active
Peter Elling Helmersen – 18 other companies, of which 1 bankrupt
- Container Living Holding ApS Bankrupt 1 Sep 2023
- AXEL HEIDES GADE 8 ApS Fusioneret
- Automatikvej Komplementar ApS Active
- COPENHAGEN CAPITAL A/S Active
- DSJ ApS Opløst
- EGEM Ejendomme A/S Active
- Ejendomsudviklingsselskabet Sporbyen ApS Active
- Frederikssundsvej 11 ApS Opløst
- H.W. LYNGBY A/S Active
- Helmersen AgroVind ApS Active
- Helmersen Gruppen A/S Active
- Helmersen Vind ApS Fusioneret
- Holger´s ApS Active
- JSD ApS Opløst
- K Partners Ørestad ApS Active
- PHCH Fælles Holding ApS Fusioneret
- SØSKRÆNTEN A/S Active
- TANGSTEDTER LANDSTRASSE ApS Active
Address history (2 moves)
| c/o Kristensen Properties A/S, Skibsbyggerivej 5, 9000 Aalborg | |
| c/o NREP A/S, Southamptongade 4, 2150 Nordhavn | |
| Hollufgårds Allé 12, 5220 Odense SØ |
Former names
| Upcycle Studios ApS | – now |
| AG-NREP Udlejningsboliger BF 1.5 ApS | – |
Other companies at the same address
- &Peopl Holding ApS Active
- &peopl ApS Active
- Agidon Holding I ApS Active
- Butikscenter Hadsund ApS Active
- BÜNDE 2007 ApS Active
- COBURG 2004 ApS Active
- ECIT Data og AI ApS Active
- Energy Cluster Denmark ApS Active
- F38 JV HoldCo ApS Active
- Formue Limfjorden ApS Active
- HOEG OG KOLD ApS Active
- K Partners Ørestad ApS Active
- KIEL 2005 ApS Active
- KOMPLEMENTARSELSKABET AALBORG ApS Active
- KOMPLEMENTARSELSKABET TONSBAKKEN, SKOVLUNDE APS Active
- KRISTENSEN FUND & ASSET MANAGEMENT A/S Active
- KRISTENSEN PARTNERS I ApS Active
- KRISTENSEN PARTNERS III A/S Active
- KRISTENSEN PARTNERS IV A/S Opløst
- KRISTENSEN PROPERTIES A/S Active
- Komplementarselskabet K Partners Living ApS Active
- Komplementarselskabet K Partners VII ApS Active
- Komplementarselskabet Kristensen Partners V ApS Active
- Komplementarselskabet Kristensen Partners VI ApS Opløst
- LüNEN 2004 ApS Active
Similar companies in Aalborg
- CALUM PROJEKT ApS Aalborg
- Klarup Enge II ApS Aalborg SØ
- Klarup Enge III ApS Aalborg SØ
- Klarup Enge I ApS Aalborg SØ
- Klarup Enge ApS Aalborg SØ
- Lemvigvej ApS Aalborg
- Lykke og Skovgaard Invest ApS Aalborg
- RR Property Development ApS Aalborg Øst
- Marklodden ApS Aalborg
- Mellem Broerne 19 A/S Svenstrup J
- Ejendomsselskabet Højbakken ApS Sulsted
- MM Entreprise ApS Nørresundby
Questions and answers about Upcycle Studios ApS
Has Upcycle Studios ApS gone bankrupt?
No, Upcycle Studios ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Upcycle Studios ApS?
Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.
Who is the CEO of Upcycle Studios ApS?
Jeppe Lynge Larsen, Klaus Ulrik Malmstrøm-Østerballe are the CEOs of Upcycle Studios ApS.
Who is the auditor of Upcycle Studios ApS?
Upcycle Studios ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was Upcycle Studios ApS founded?
Upcycle Studios ApS was founded on 4 November 2016.
What is the equity of Upcycle Studios ApS?
Equity was DKK 538k according to the annual report for the period ending 31 December 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.