Circle X Group A/S

CVR 44769212 · Public limited company (A/S) · Active · Very high risk

Circle X Group A/S is a Public limited company (A/S), founded on , based in Frederiksværk. The company is registered in the industry genindvinding af materialer. Our model estimates a bankruptcy risk of 7.2% over the next 12 months, which is 5.1 times the average for Danish companies. 2 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 235k and a net result of DKK -5.5m. CEO: Philip Hauen-Limkilde Bresling, Michael Andreasen Hassenkam.

Bankruptcy risk for Circle X Group A/S

7.2%
probability of bankruptcy within 12 months
Very high risk

5.1 × the average (1.41%) · higher risk than 95% of active Danish companies

Lowest riskHighest risk

Increases the risk

Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
Age (years)2 yrs · bankruptcy rate 18.9%2.1×
Published annual reports2 · bankruptcy rate 16.7%1.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Company typeA/S · bankruptcy rate 4.4%0.50×
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×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · 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
44769212
Status
Active
Company type
Public limited company (A/S)
Founded
(2 years)
Address
Havnevej 10
3300 Frederiksværk
Municipality
Halsnæs
Industry
Genindvinding af materialer (382100)
Bankruptcies in the industry: Genbrug af sorterede materialer
Share capital
DKK 561k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 2
Missing annual reportNo
Negative equityNo
Equity ratio4.2%
Current ratio79%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies2
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -2.2mDKK -3.4m
Net profitDKK -5.5mDKK -5.1m
EquityDKK 235kDKK 1.4m
Total assetsDKK 5.6mDKK 2.8m
CashDKK 308kDKK 88k
Short-term debtDKK 5.3mDKK 1.4m
Avg. employees77

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025174
16 Apr 2024 – 31 Dec 2024174

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
CEOPhilip Hauen-Limkilde BreslingCurrent
CEOMichael Andreasen HassenkamCurrent
BoardJesper Teichert MarcussenCurrent
BoardJesper Valentin HolmCurrent
BoardAnders Greve PihlkjærCurrent
BoardFinn Nicolai Christmas-Poulsen
BoardAnders Greve Pihlkjær
Owner (90%)Consortium X ApSCurrent
Owner (100%)Consortium X ApS
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
FounderConsortium X ApSCurrent

The CEOs' other companies

Philip Hauen-Limkilde Bresling – 19 other companies, of which 7 bankrupt

Michael Andreasen Hassenkam – 4 other companies, of which 1 bankrupt

Address history (0 moves)

Havnevej 10, 3300 Frederiksværk

Former names

Circle X Group A/S – now
Circle X Group ApS –

Other companies at the same address

Similar companies in Halsnæs

Questions and answers about Circle X Group A/S

Has Circle X Group A/S gone bankrupt?

No, Circle X Group A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Circle X Group A/S?

Our model estimates a bankruptcy risk of 7.2% over the next 12 months (very high risk), which is 5.1 times the average for Danish companies.

Who is the CEO of Circle X Group A/S?

Philip Hauen-Limkilde Bresling, Michael Andreasen Hassenkam are the CEOs of Circle X Group A/S.

Who is the auditor of Circle X Group A/S?

Circle X Group A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Circle X Group A/S founded?

Circle X Group A/S was founded on 16 April 2024.

What is the equity of Circle X Group A/S?

Equity was DKK 235k 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.