CircleTech Denmark ApS

CVR 43999044 · Private limited company (ApS) · Active · Low risk

CircleTech Denmark ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry fremstilling af andet elektrisk udstyr. Our model estimates a bankruptcy risk of 0.6% over the next 12 months, which is 0.4 times the average for Danish companies. 3 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -4.8m and a net result of DKK 929k. CEO: Morten Leth Viktor, Elena Alexandrovna Lobodina, Richard Michael O'Brien.

Bankruptcy risk for CircleTech Denmark ApS

0.6%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 66% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×

Reduces the risk

CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Gross profit growth10%–30% · 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×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
43999044
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Flæsketorvet 28, 1.
1711 København V
Municipality
København
Industry
Fremstilling af andet elektrisk udstyr (279000)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 40k
Auditor
PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityYes
Equity ratio-1,283.7%
Current ratio3%
Moves (last 2 years)0
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address24
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 10.6mDKK 9.0mDKK -476k
Net profitDKK 929kDKK -332kDKK -5.4m
EquityDKK -4.8mDKK -5.7mDKK -5.4m
Total assetsDKK 375kDKK 350kDKK 667k
CashDKK 24kDKK 43k–
Short-term debtDKK 5.2mDKK 6.1m–
Avg. employees108–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PKF Munkebo Eriksen Funch, Statsautoriseret Revisions­aktie­selskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202562
1 Jan 2024 – 31 Dec 2024177
20 Apr 2023 – 31 Dec 2023184 Late

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
CEOMorten Leth ViktorCurrent
CEOElena Alexandrovna LobodinaCurrent
CEORichard Michael O'BrienCurrent
CEOJohn Edward Bish
CEOCharles Michael Howard Walford
Owner (100%)Circle Gas LimitedCurrent
AuditorPKF Munkebo Eriksen Funch, Statsautoriseret RevisionsaktieselskabCurrent
FounderCircle Gas LimitedCurrent

The CEOs' other companies

Morten Leth Viktor – 9 other companies, of which 1 bankrupt

Address history (1 moves)

Flæsketorvet 28, 1., 1711 København V
Flæsketorvet 68, 1., 1711 København V

Other companies at the same address

Similar companies in København

Questions and answers about CircleTech Denmark ApS

Has CircleTech Denmark ApS gone bankrupt?

No, CircleTech Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of CircleTech Denmark ApS?

Our model estimates a bankruptcy risk of 0.6% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of CircleTech Denmark ApS?

Morten Leth Viktor, Elena Alexandrovna Lobodina, Richard Michael O'Brien are the CEOs of CircleTech Denmark ApS.

Who is the auditor of CircleTech Denmark ApS?

CircleTech Denmark ApS most recently used PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab.

When was CircleTech Denmark ApS founded?

CircleTech Denmark ApS was founded on 20 April 2023.

What is the equity of CircleTech Denmark ApS?

Equity was DKK -4.8m 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.