Upcycle Studios ApS: Financial statements 2021
CVR: 38170074
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
Upcycle Studios ApS (CVR 38170074) has filed annual accounts for 2021. In 2021, the company reported a gross profit of DKK 16,645,065 and a net result of DKK 9,500,592 compared with DKK -1,156,133 the year before. That is an increase of 469.9% compared with the year before. Equity in the 2021 report amounted to DKK 15,083,977. The solvency ratio was 11%.
- Gross Profit
- DKK 16,645,065
- Profit/Loss
- DKK 9,500,592
- Equity
- DKK 15,083,977
- Total Assets
- DKK 137,541,649
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | - | 16.6 mio. | 9.5 mio. | 15.1 mio. | - |
| 2020 | - | 2.9 mio. | -1.2 mio. | 5.6 mio. | - |
| 2019 | - | 3.4 mio. | -1.1 mio. | 6.7 mio. | - |
| 2018 | - | 929 t. | -1.8 mio. | 7.8 mio. | - |
Official annual report
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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.
About Upcycle Studios ApS
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 Jeppe Lynge Larsen and Klaus Ulrik Malmstrøm-Østerballe. The company is owned by K Partners Ørestad ApS. According to the 2025 annual report, the company had an average of 0 employees. 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.