CVR: 38170074
DKK 10,102,889
Gross profit
Net result: DKK 4,420,081
K Partners Ørestad ApS
CVR · view ownership and management
Director registered: Klaus Ulrik Malmstrøm-Østerballe
CVR · 18/11/2024
View the full event history
Upcycle Studios ApS is a Danish company of the type Anpartsselskab based in Aalborg, founded in 2016. The company is registered under the industry Gennemførelse af byggeprojekter. The management consists of Klaus Ulrik Malmstrøm-Østerballe and Jeppe Lynge Larsen. The company is owned by K Partners Ørestad ApS. In 2025, the company reported a gross profit of DKK 10,102,889 and a net result of DKK 4,420,081 compared with DKK -1,044,644 the year before. Equity in the 2025 report amounted to DKK 538,303.
Source: annual report 2025, Danish Business Authority
The financial health of Upcycle Studios ApS has shown significant volatility over recent years. After a profitable period from 2021 to 2022, where gross profits peaked at 16.6 million DKK and 7.9 million DKK respectively, the company faced severe losses in 2023, reporting a gross profit deficit of 16.5 million DKK and a net loss of nearly 20 million DKK. However, a remarkable recovery occurred in 2025, with a gross profit of over 10 million DKK and a profit of 4.4 million DKK, indicating a potential turnaround. Despite this rebound, the equity position remains concerning, with a negative equity balance in previous years, highlighting the need for sustainable growth strategies. The company's position within the construction project execution industry remains uncertain, particularly given the fluctuations in profitability and equity.
AI-generated summary · Generated 16/08/2026
Selskabets formål er at eje, udvikle og sælge boligejendomme samt anden virksomhed, der står i forbindelse hermed.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 10.1 mio. | 4.4 mio. | 115.9 mio. | 538 t. | 0 | |
| 202401/01/2024 – 31/12/2024 | 1.7 mio. | -1 mio. | 125.7 mio. | -3.9 mio. | 0 | |
| 202301/01/2023 – 31/12/2023 | -16.5 mio. | -20 mio. | 124.4 mio. | -2.8 mio. | 0 | |
| 202201/01/2022 – 31/12/2022 | 7.9 mio. | 2.1 mio. | 142.7 mio. | 17.2 mio. | 0 | |
| 202101/01/2021 – 31/12/2021 | 16.6 mio. | 9.5 mio. | 137.5 mio. | 15.1 mio. | - | |
| 202001/01/2020 – 31/12/2020 | 2.9 mio. | -1.2 mio. | 124.5 mio. | 5.6 mio. | - | |
| 201901/01/2019 – 31/12/2019 | 3.4 mio. | -1.1 mio. | 124 mio. | 6.7 mio. | - | |
| 201801/01/2018 – 31/12/2018 | 929 t. | -1.8 mio. | 120.1 mio. | 7.8 mio. | - |
Compared to 1.759 companies in Gennemførelse af byggeprojekter
Comparison is based on industry median values
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Try company screeningUpcycle Studios ApS was founded on 4 November 2016.
Upcycle Studios ApS is registered under the industry Gennemførelse af byggeprojekter (industry code 681200).
Upcycle Studios ApS is owned by K Partners Ørestad ApS.
In 2025, Upcycle Studios ApS reported a gross profit of DKK 10,102,889.
The management of Upcycle Studios ApS consists of Klaus Ulrik Malmstrøm-Østerballe and Jeppe Lynge Larsen.
Upcycle Studios ApS is located at c/o Kristensen Properties A/S, Skibsbyggerivej 5, 9000 Aalborg.
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Upcycle Studios ApS has published its annual report for 2025. Gross profit came to DKK 10,102,889, and the net result was DKK 4,420,081.
Upcycle Studios ApS has published its annual report for 2024. Gross profit came to DKK 1,665,090, and the net result was DKK -1,044,644.
As of November 18, 2024, Klaus Ulrik Malmstrøm-Østerballe is registered as director of Upcycle Studios ApS.
As of November 18, 2024, Peter Elling Helmersen has stepped down as director of Upcycle Studios ApS.
As of April 30, 2024, Thomas Ebbe Riise-Jakobsen has left the board of directors of Upcycle Studios ApS.
As of April 30, 2024, Rune Højby Kock has left the board of directors of Upcycle Studios ApS.
As of April 30, 2024, Sune Ingemann has left the board of directors of Upcycle Studios ApS.
As of April 30, 2024, Stine Seneberg has left the board of directors of Upcycle Studios ApS.
As of April 30, 2024, Jeppe Lynge Larsen is registered as director of Upcycle Studios ApS.
As of April 30, 2024, Peter Elling Helmersen is registered as director of Upcycle Studios ApS.
As of April 30, 2024, Jacob Nowak Chemnitz has stepped down as director of Upcycle Studios ApS.
Upcycle Studios ApS has published its annual report for 2023. Gross profit came to DKK -16,472,405, and the net result was DKK -19,990,480.
As of December 14, 2023, Sune Ingemann has joined the board of directors of Upcycle Studios ApS.
As of December 14, 2023, Henrik Skak Bender has left the board of directors of Upcycle Studios ApS.
As of November 8, 2023, Jacob Nowak Chemnitz is registered as director of Upcycle Studios ApS.
As of November 8, 2023, Jakob Flymer has stepped down as director of Upcycle Studios ApS.
Upcycle Studios ApS has published its annual report for 2022. Gross profit came to DKK 7,935,854, and the net result was DKK 2,069,370.
As of August 1, 2022, Stine Seneberg has joined the board of directors of Upcycle Studios ApS.
As of August 1, 2022, Bo Holse Rasmussen has left the board of directors of Upcycle Studios ApS.
Upcycle Studios ApS has published its annual report for 2021. Gross profit came to DKK 16,645,065, and the net result was DKK 9,500,592.
Upcycle Studios ApS has published its annual report for 2020. Gross profit came to DKK 2,920,593, and the net result was DKK -1,156,133.
As of February 16, 2021, Thomas Ebbe Riise-Jakobsen has joined the board of directors of Upcycle Studios ApS.
As of February 16, 2021, Henrik Skak Bender has joined the board of directors of Upcycle Studios ApS.
As of February 16, 2021, Mikkel Bülow-Lehnsby has left the board of directors of Upcycle Studios ApS.
As of February 16, 2021, Rasmus Nørgaard has left the board of directors of Upcycle Studios ApS.
As of September 3, 2020, Mikkel Bülow-Lehnsby has joined the board of directors of Upcycle Studios ApS.
As of September 3, 2020, Bo Holse Rasmussen has joined the board of directors of Upcycle Studios ApS.
As of September 3, 2020, Robin Feddern has left the board of directors of Upcycle Studios ApS.
As of September 3, 2020, Bjarke Windeløv Graae has left the board of directors of Upcycle Studios ApS.
As of September 3, 2020, Jakob Flymer is registered as director of Upcycle Studios ApS.
As of September 3, 2020, Robin Feddern has stepped down as director of Upcycle Studios ApS.
Upcycle Studios ApS has published its annual report for 2019. Gross profit came to DKK 3,374,127, and the net result was DKK -1,097,050.
As of February 19, 2020, Bjarke Windeløv Graae has joined the board of directors of Upcycle Studios ApS.
As of February 19, 2020, Henrik Greve Nielsen has left the board of directors of Upcycle Studios ApS.
Upcycle Studios ApS has published its annual report for 2018. Gross profit came to DKK 929,148, and the net result was DKK -1,804,503.
As of November 15, 2018, K Partners Ørestad ApS is registered as an owner of Upcycle Studios ApS with an ownership share of 100%.
Upcycle Studios ApS has published its interim report for the period November 4, 2016 – December 31, 2017.
As of May 25, 2018, Rasmus Nørgaard has joined the board of directors of Upcycle Studios ApS.
As of May 25, 2018, Steen Sønderby has left the board of directors of Upcycle Studios ApS.
As of September 22, 2017, Steen Sønderby has joined the board of directors of Upcycle Studios ApS.
As of September 22, 2017, Rasmus Nørgaard has left the board of directors of Upcycle Studios ApS.
As of January 9, 2017, Henrik Greve Nielsen has joined the board of directors of Upcycle Studios ApS.
As of January 9, 2017, Kasper Rungfeldt has left the board of directors of Upcycle Studios ApS.
As of November 4, 2016, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of Upcycle Studios ApS.
As of November 4, 2016, Kasper Rungfeldt has joined the board of directors of Upcycle Studios ApS.
As of November 4, 2016, Robin Feddern has joined the board of directors of Upcycle Studios ApS.
As of November 4, 2016, Rasmus Nørgaard has joined the board of directors of Upcycle Studios ApS.
As of November 4, 2016, Rune Højby Kock has joined the board of directors of Upcycle Studios ApS.
As of November 4, 2016, Robin Feddern is registered as director of Upcycle Studios ApS.
Upcycle Studios ApS was founded on November 4, 2016.
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