RECYCLES ApS

APSActive

CVR 34713030Dybbølsgade 59, 1721 København VRetail sale of sporting equipment· NACE 4763Est. 2012 · 13 years old4 employeeshttps://recycles.dk

Overview

RECYCLES ApS is a Danish APS based in København V, operating in the Retail sale of sporting equipment sector. Incorporated in 2012, the company has 4 employees and reported a gross profit of DKK 1.8m in its latest annual filing.

Gross profit 2025

1.8M DKK

−3% vs 2024

EBITDA margin (of gross profit)

4.0 %

−5% vs 2024

Net profit 2025

0M DKK

-94% vs 2024

Key ratios

See full ratios →

-24.7 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

0.8×

Very weak

Among the 20% lowest rated companies in the industry

20212025

0.3 %

Average

Around the average of companies in the same industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	1.8M DKK	-3%
EBITDA	0.1M DKK	-5%
Net profit	0M DKK	-94%
Total assets	1.7M DKK	+1%
Equity	-0.4M DKK	+1%
Employees	4	—

Contact

Address

Dybbølsgade 59, 1721 København V

Phone

+45 3133 9028

rec@recycles.dk

Website

https://recycles.dk

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Financial development

In its most recent annual report (2025), RECYCLES ApS reported a gross profit of DKK 1.8m, a decrease of 3% 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 4.5k, and the EBITDA margin stood at 4%.

At the end of 2025, current assets covered short-term debt 0.8 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	1,761	1,822	1,605	1,745	1,537
Staff expenses	-1,113	-1,132	-1,287	-1,181	-1,024
EBITDA	70	74	-238	-72	20
Depreciation & amort.	-0	-0	-0	-0	-11
EBIT	70	74	-238	-72	9
Net financials	-12	-3	-104	-49	-66
Profit before tax	58	70	-342	-121	-57
Tax	53	-0	-0	-0	-11
Net profit	5	70	-342	-121	-46

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	1,685	1,672	1,639	2,013	1,976
Equity	-417	-421	-242	101	222
Long-term debt	0	0	0	0	0
Short-term debt	2,102	2,093	1,880	1,913	1,754
Total debt	2,102	2,093	1,880	1,913	1,754

Financial ratios

5-year trend

EBITDA margin (of gross profit)

4.0 %

20212025

Equity ratio

-24.7 %

Very weak

Among the 20% lowest rated companies in the industry

20212025

Return on equity

—

20212025

Net profit margin (of gross profit)

0.3 %

20212025

Asset turnover (of gross profit)

1.05×

20212025

Debt / equity

—

20212025

Sector performance

16 of 28 ratios graded

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

Profitability

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.

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.

Capacity ratioWeak

Among the 40% lowest rated companies in the industry

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.

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.

Return on equity (ROE)Not rated

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

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

Return on net assets (RONA)Not rated

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

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

Liquidity

Current ratioVery weak

Among the 20% lowest 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 weak

Among the 10% lowest 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 ratioWeak

Among the 40% lowest rated companies in the industry

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

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.

Current assets to equityNot rated

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

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 capitalNot rated

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

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.

Debt & solvency

Solidity ratioVery weak

Among the 20% lowest rated companies in the industry

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

Debt ratioVery weak

Among the 20% lowest rated companies in the industry

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

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 coverageStrong

Among the 40% highest rated companies in the industry

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

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

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

Interest marginAverage

Around the average of companies in the same 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.

Debt to equityNot rated

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

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

Liabilities to equityNot rated

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

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

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% lowest rated companies in the industry

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

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.

One-year change in equityNot rated

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

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

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 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (2)
MD Mikkel Due Management	Management	2014
HH Helle Haugaard Founder	Founder	2012

Former (2)


HK Henrik Krøldrup Storland Management	Management	2012 – 2014
CH Claus Hjelm Management	Management	2012 – 2019

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Mikkel Due	Individual	100%	100%	2019
Claus Hjelm	Individual	50–66.65%	50–66.65%	2014

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

One in three Danish companies experiences fraud

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of RECYCLES ApS also hold positions in 77 other companies.

Person	Role here	Other companies
Helle Haugaard	Founder	75 companiesMany roles
Henrik Krøldrup Storland	Management	2 companies

Frequently asked questions

What is the CVR number of RECYCLES ApS?

RECYCLES ApS is registered with CVR / Virk under CVR 34713030.

What is the gross profit of RECYCLES ApS?

RECYCLES ApS reported a gross profit of DKK 1.8m in 2025.

How many employees does RECYCLES ApS have?

RECYCLES ApS employs 4 people as of the latest annual report.

Where is RECYCLES ApS headquartered?

RECYCLES ApS's registered address is Dybbølsgade 59.