CVR: 39526050
Secondary names: Mr. Mac ApS, BuyIT ApS, Repair IT ApS
DKK 3,309,910
Gross profit
Net result: DKK 492,335
TMYL Holding ApS, Victoryisland Holding ApS
CVR · view ownership and management
Owner registered: TMYL Holding ApS
CVR · 23/04/2025
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CycleIT ApS is a Danish company of the type Anpartsselskab based in Taastrup, founded in 2018. The company is registered under the industry Reparation og vedligeholdelse af forbrugerelektronik. The management consists of Tim Myhre-Larsen. The company is owned by TMYL Holding ApS and Victoryisland Holding ApS. The company has 12 employees (2018). In 2025, the company reported a gross profit of DKK 3,309,910 and a net result of DKK 492,335 compared with DKK 328,403 the year before. Equity in the 2025 report amounted to DKK 764,160.
Source: annual report 2025, Danish Business Authority
CycleIT ApS has shown a positive trajectory in gross profit and profitability over the past few years, with gross profit increasing from 2,047,841 DKK in 2023 to 3,309,910 DKK in 2025, while profit rose from a loss of 240,546 DKK to a profit of 492,335 DKK in the same period. Despite not disclosing revenue figures, the consistent growth in gross profit suggests a strengthening operational performance. The company's equity has also improved significantly, rising from 243,422 DKK in 2023 to 764,160 DKK in 2025, indicating a solid financial foundation. However, the lack of revenue transparency and an unknown employee count may raise concerns regarding its market position and scalability within the consumer electronics repair industry.
AI-generated summary · Generated 13/08/2026
Selskabets formål er at drive virksomhed indenfor reparation af elektronisk udstyr samt anden efter direktionen skøn beslægtet virksomhed.
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 | 3.3 mio. | 492 t. | 2.7 mio. | 764 t. | 4 | |
| 202401/01/2024 – 31/12/2024 | 2.7 mio. | 328 t. | 2.1 mio. | 572 t. | 7 | |
| 202301/01/2023 – 31/12/2023 | 2 mio. | -241 t. | 1.5 mio. | 243 t. | 7 | |
| 202201/01/2022 – 31/12/2022 | 2.3 mio. | 728 | 1.6 mio. | 484 t. | 7 | |
| 202101/01/2021 – 31/12/2021 | 2.2 mio. | 511 t. | 2.4 mio. | 583 t. | 5 | |
| 202001/01/2020 – 31/12/2020 | 1.9 mio. | 180 t. | 1.7 mio. | 179 t. | 5 | |
| 201901/01/2019 – 31/12/2019 | 1.5 mio. | 124 t. | 789 t. | -1 t. | 4 |
Compared to 40 companies in Reparation og vedligeholdelse af forbrugerelektronik
Comparison is based on industry median values
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Try the lead list generatorCycleIT ApS was founded on 20 April 2018.
CycleIT ApS is registered under the industry Reparation og vedligeholdelse af forbrugerelektronik (industry code 952100).
CycleIT ApS had 12 employees in 2018 according to the Danish CVR register.
CycleIT ApS is owned by TMYL Holding ApS and Victoryisland Holding ApS.
cycleit.io belongs to CycleIT ApS, CVR number 39526050.
In 2025, CycleIT ApS reported a gross profit of DKK 3,309,910.
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CycleIT ApS has published its annual report for 2025. Gross profit came to DKK 3,309,910, and the net result was DKK 492,335.
As of April 23, 2025, TMYL Holding ApS is registered as an owner of CycleIT ApS with an ownership share of 50%.
As of April 23, 2025, Victoryisland Holding ApS is registered as an owner of CycleIT ApS with an ownership share of 33%.
CycleIT ApS has published its annual report for 2024. Gross profit came to DKK 2,667,272, and the net result was DKK 328,403.
As of December 28, 2024, Dueholm & Partnere, Godkendt Revisionshus has been appointed auditor of CycleIT ApS.
CycleIT ApS has published its annual report for 2023. Gross profit came to DKK 2,047,841, and the net result was DKK -240,546.
CycleIT ApS has published its annual report for 2022. Gross profit came to DKK 2,251,055, and the net result was DKK 728.
As of June 29, 2022, Tim Myhre-Larsen is registered as director of CycleIT ApS.
As of June 29, 2022, Andreas Høve Smidt-Nielsen has stepped down as director of CycleIT ApS.
CycleIT ApS has published its annual report for 2021. Gross profit came to DKK 2,152,032, and the net result was DKK 510,667.
CycleIT ApS has published its annual report for 2020. Gross profit came to DKK 1,853,288, and the net result was DKK 179,787.
CycleIT ApS has published its annual report for 2019. Gross profit came to DKK 1,464,840, and the net result was DKK 123,953.
CycleIT ApS has published its interim report for the period April 20, 2018 – December 31, 2018.
As of April 20, 2018, Andreas Høve Smidt-Nielsen is registered as director of CycleIT ApS.
CycleIT ApS was founded on April 20, 2018.
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