RECYKEL ApS

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CVR 31413389Tesdorpfsvej 31B, 2000 FrederiksbergRetail sale of sporting equipment· NACE 4763Est. 2008 · 18 years old— employees

Overview

RECYKEL ApS is a Danish APS based in Frederiksberg, operating in the Retail sale of sporting equipment sector. Incorporated in 2008, the company reported a gross profit of DKK 54.3k in its latest annual filing.

Gross profit 2025

0.1M DKK

−41% vs 2024

EBITDA margin (of gross profit)

100.0 %

−41% vs 2024

Net profit 2025

0M DKK

-82% vs 2024

Key ratios

See full ratios →

32.4 %

Average

Around the average of companies in the same industry

20212025

3.1×

Strong

Among the 30% highest rated companies in the industry

20212025

0.4 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	0.1M DKK	-41%
EBITDA	0.1M DKK	-41%
Net profit	0M DKK	-82%
Total assets	1.5M DKK	0%
Equity	0.5M DKK	+1%
Employees	—	—

Contact

Address

Tesdorpfsvej 31B, 2000 Frederiksberg

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), RECYKEL ApS reported a gross profit of DKK 54.3k, a decrease of 41% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 5.3k, and the EBITDA margin stood at 100%.

At the end of 2025, equity financed 32.4% of the balance sheet, and current assets covered short-term debt 3.1 times.

Financials

Revenue

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Revenue	54	93	82	34	57
Staff expenses	-0	-0	-0	-0	-0
EBITDA	54	93	82	34	38
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	54	93	82	34	38
Net financials	-47	-47	-47	-53	-37
Profit before tax	7	45	35	-19	1
Tax	2	15	8	9	-0
Net profit	5	30	27	-29	1

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,497	1,492	1,465	1,439	1,491
Equity	486	480	450	424	452
Long-term debt	975	975	979	979	1,030
Short-term debt	36	36	36	36	8
Total debt	1,012	1,012	1,015	1,015	1,038

Financial ratios

5-year trend

EBITDA margin

100.0 %

20212025

Equity ratio

32.4 %

Average

Around the average of companies in the same industry

20212025

Return on equity

1.1 %

Weak

Among the 40% lowest rated companies in the industry

20212025

Net profit margin

9.8 %

20212025

Asset turnover

0.04×

20212025

Debt / equity

2.08×

Weak

Among the 40% lowest rated companies in the industry

20212025

Sector performance

22 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Weak

Among the 40% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Average

Around the average of companies in the same industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Weak

Among the 40% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioStrong

Among the 30% highest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery strong

Among the 20% highest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioVery strong

Among the 10% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 10% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery weak

Among the 20% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery strong

Among the 10% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 40% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageAverage

Around the average of companies in the same industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 30% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 40% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtAverage

Around the average of companies in the same industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-07-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (5)
SM Stefan Morberg Milani Management	Management	2012
PS Peter Strabo Hummelshøj Management	Management	2012
TS Thomas Strabo Hummelshøj Management	Management	2012
RK Ronnie Kandler Founder	Founder	2008
JS Jens Strabo Bakander Founder	Founder	2008

Board of directors

Non-executive oversight

Name	Role	Member since

Former (5)


SM Stefan Morberg Milani Board of Directors	Board of Directors	2008 – 2012
PS Peter Strabo Hummelshøj Board of Directors	Board of Directors	2008 – 2012
TS Thomas Strabo Hummelshøj Chairman	Chairman	2008 – 2012
RK Ronnie Kandler Board of Directors	Board of Directors	2008 – 2009
JS Jens Strabo Bakander Board of Directors	Board of Directors	2008 – 2012

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Stefan Morberg Milani	Individual	20–24.99%	20–24.99%	2015
Peter Strabo Hummelshøj	Individual	20–24.99%	20–24.99%	2015
Thomas Strabo Hummelshøj	Individual	20–24.99%	20–24.99%	2015
Ronnie Kandler	Individual	20–24.99%	20–24.99%	2015
Jens Strabo Bakander	Individual	20–24.99%	20–24.99%	2015

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of RECYKEL ApS also hold positions in 12 other companies.

Person	Role here	Other companies
Ronnie Kandler	Founder	8 companiesMany roles
Thomas Strabo Hummelshøj	Management	3 companies
Stefan Morberg Milani	Management	1 company

Frequently asked questions

What is the CVR number of RECYKEL ApS?

RECYKEL ApS is registered with CVR / Virk under CVR 31413389.

What is the gross profit of RECYKEL ApS?

RECYKEL ApS reported a gross profit of DKK 54.3k in 2025.

Where is RECYKEL ApS headquartered?

RECYKEL ApS's registered address is Tesdorpfsvej 31B.