CycleIT ApS
CVR 39526050 · Private limited company (ApS) · Active · Medium risk
CycleIT ApS is a Private limited company (ApS), founded on , based in Taastrup. The company is registered in the industry reparation og vedligeholdelse af forbrugerelektronik. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 8 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 764k and a net result of DKK 492k. CEO: Tim Myhre-Larsen.
Bankruptcy risk for CycleIT ApS
1.6 × the average (1.41%) · higher risk than 84% of active Danish companies
Increases the risk
Reduces the risk
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
- 39526050
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (8 years)
- Address
- Rugvænget 19B
2630 Taastrup - Municipality
- Høje-Taastrup
- Industry
- Reparation og vedligeholdelse af forbrugerelektronik (952100)
Bankruptcies in the industry: Reparation af andre varer til personligt brug og husholdningsbrug - Share capital
- DKK 50k
- Employees
- 12 (2018)
- Auditor
- Dueholm & Partnere, Godkendt Revisionshus
- Audit opted out
- No
Warning signs
| Annual reports filed late | 0 of 8 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 28.3% |
| Current ratio | 130% |
| Moves (last 2 years) | 1 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 2 |
| Other companies at the address | 42 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 3.3m | DKK 2.7m | DKK 2.0m |
| Net profit | DKK 492k | DKK 328k | DKK -241k |
| Equity | DKK 764k | DKK 572k | DKK 243k |
| Total assets | DKK 2.7m | DKK 2.1m | DKK 1.5m |
| Cash | DKK 1.3m | DKK 905k | – |
| Short-term debt | DKK 1.8m | DKK 1.4m | – |
| Tax owed | DKK 174k | – | – |
| Avg. employees | 4 | 7 | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Dueholm & Partnere, Godkendt Revisionshus.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 49 | ||
| 1 Jan 2024 – 31 Dec 2024 | 50 | ||
| 1 Jan 2023 – 31 Dec 2023 | 180 | ||
| 1 Jan 2022 – 31 Dec 2022 | 52 | ||
| 1 Jan 2021 – 31 Dec 2021 | 46 | ||
| 1 Jan 2020 – 31 Dec 2020 | 77 | ||
| 1 Jan 2019 – 31 Dec 2019 | 160 | ||
| 20 Apr 2018 – 31 Dec 2018 | 151 |
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 | Tim Myhre-Larsen | Current | |
| CEO | Andreas Høve Smidt-Nielsen | ||
| Owner (50%) | TMYL Holding ApS | Current | |
| Owner (33%) | Victoryisland Holding ApS | Current | |
| Owner (100%) | Andreas Høve Smidt-Nielsen | ||
| Owner (50%) | Tim Myhre-Larsen | ||
| Owner (50%) | Andreas Høve Smidt-Nielsen | ||
| Owner (50%) | Andreas Høve Smidt-Nielsen | ||
| Owner (50%) | AHSN Holding ApS | ||
| Owner (33%) | TMYL Holding ApS | ||
| Owner (33%) | AHSN Holding ApS | ||
| Owner (10%) | Victoryisland Holding ApS | ||
| Auditor | Dueholm & Partnere, Godkendt Revisionshus | Current | |
| Founder | Andreas Høve Smidt-Nielsen | Current |
The CEOs' other companies
Tim Myhre-Larsen – 3 other companies, of which 2 bankrupt
- Anpartsselskabet af 19. april 2018 Bankrupt 1 May 2018
- MacVision Shop ApS Bankrupt 7 Sep 2016
- TMYL Holding ApS Active
Andreas Høve Smidt-Nielsen – 5 other companies
- AHSN Holding ApS Active
- ARMADOR ApS Active
- C&P Holding ApS Opløst
- JJ VVS ApS Opløst
- Triumviratet ApS Active
Address history (2 moves)
| Rugvænget 19B, 2630 Taastrup | |
| c/o Andreas Høve Smidt-Nielsen, Taastrupgårdsvej 20, 2630 Taastrup | |
| c/o Andreas Høve Smidt-Nielsen, Baldersvej 8, 4600 Køge |
Former names
| CycleIT ApS | – now |
| Mr. Mobil ApS | – |
| Mr. Mac ApS | – |
Employees per year
Other companies at the same address
- DANFU ApS Bankrupt
- DANFU DENMARK ApS Bankrupt
- J. T. SERVICE ApS Bankrupt
- KEYCARD ApS Bankrupt
- KONSORDIUM ApS Bankrupt
- M&F CONSTRUCTION ApS Bankrupt
- MULTI TOLKNING ApS Bankrupt
- MULTITRYK 2003 ApS Bankrupt
- NKS HOLDING ApS Bankrupt
- NORDISK SOFTWARE ApS Bankrupt
- NPJ HOLDING ApS Bankrupt
- PER BRABRAND FINANS ApS Bankrupt
- PHOTOPHASE A/S Bankrupt
- RECLEAN A/S Bankrupt
- ROSSMANNS DESTINY ApS Bankrupt
- SIRIUS TECHCENTER ApS Bankrupt
- Sonic Services ApS Bankrupt
- TASKMANAGERS ApS Bankrupt
- TBJ VVS & Vagten 24/7 ApS Bankrupt
- TECH-CENTER.DK ApS Bankrupt
- ASX 13013 ApS Fusioneret
- By C ApS Active
- CARLSRO HOLDING ApS Compulsorily dissolved
- CreatorGear ApS Active
- DinLokaleGulvsliber ApS Active
Questions and answers about CycleIT ApS
Has CycleIT ApS gone bankrupt?
No, CycleIT ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of CycleIT ApS?
Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.
Who is the CEO of CycleIT ApS?
Tim Myhre-Larsen is the CEO of CycleIT ApS.
Who is the auditor of CycleIT ApS?
CycleIT ApS most recently used Dueholm & Partnere, Godkendt Revisionshus.
When was CycleIT ApS founded?
CycleIT ApS was founded on 20 April 2018.
What is the equity of CycleIT ApS?
Equity was DKK 764k 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.