Cycleup ApS

CVR 45474720 · Private limited company (ApS) · Active · Low risk

Cycleup ApS is a Private limited company (ApS), founded on , based in Kalundborg. The company is registered in the industry fremstilling af andre ikke-metalholdige mineralske produkter, bortset fra asfalt og tagpap. Our model estimates a bankruptcy risk of 1.0% over the next 12 months, which is 0.7 times the average for Danish companies. 1 annual report has been published. The latest annual report (31 Dec 2025) shows equity of DKK 160k and a net result of DKK 140k. CEO: Thomas Pries, Mikkel Proschowsky.

Bankruptcy risk for Cycleup ApS

1.0%
probability of bankruptcy within 12 months
Low risk

0.7 × the average (1.41%) · higher risk than 72% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)1 yrs · bankruptcy rate 21.6%2.5×
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Published annual reports1 · bankruptcy rate 18.7%2.1×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Time since new CEO< 0.5 yrs · bankruptcy rate 11.6%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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
45474720
Status
Active
Company type
Private limited company (ApS)
Founded
(1 years)
Address
Hesselbjergvej 17
4400 Kalundborg
Municipality
Kalundborg
Industry
Fremstilling af andre ikke-metalholdige mineralske produkter, bortset fra asfalt og tagpap (239990)
Bankruptcies in the industry: Fremstilling af byggematerialer af beton
Share capital
DKK 20k
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 1
Missing annual reportNo
Negative equityNo
Equity ratio36.7%
Current ratio56%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address2
Going-concern uncertaintyNo

Financials and key figures

Financial year2025
Gross profitDKK 519k
Net profitDKK 140k
EquityDKK 160k
Total assetsDKK 435k
CashDKK 63k
Short-term debtDKK 205k
Avg. employees2

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
18 Mar 2025 – 31 Dec 2025173

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
CEOThomas PriesCurrent
CEOMikkel ProschowskyCurrent
Owner (5%)Kim Ranfelt Holding ApSCurrent
Owner (50%)Pries Ventures ApSCurrent
Owner (25%)Proschowsky Holding ApSCurrent
Owner (67%)Thomas Pries
Owner (10%)Kim Ranfelt
Owner (33%)Kim Ranfelt Holding ApS
Owner (33%)Pries Ventures ApS
Owner (15%)Proschowsky Holding ApS
FounderThomas PriesCurrent

The CEOs' other companies

Thomas Pries – 6 other companies

Mikkel Proschowsky – 1 other companies

Address history (0 moves)

Hesselbjergvej 17, 4400 Kalundborg

Other companies at the same address

Questions and answers about Cycleup ApS

Has Cycleup ApS gone bankrupt?

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

What is the bankruptcy risk of Cycleup ApS?

Our model estimates a bankruptcy risk of 1.0% over the next 12 months (low risk), which is 0.7 times the average for Danish companies.

Who is the CEO of Cycleup ApS?

Thomas Pries, Mikkel Proschowsky are the CEOs of Cycleup ApS.

Who is the auditor of Cycleup ApS?

Cycleup ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Cycleup ApS founded?

Cycleup ApS was founded on 18 March 2025.

What is the equity of Cycleup ApS?

Equity was DKK 160k 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.