CycleIT ApS: Financial statements 2020
CVR: 39526050
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
CycleIT ApS (CVR 39526050) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 1,853,288 and a net result of DKK 179,787 compared with DKK 123,953 the year before. That is an increase of 26.5% compared with the year before. Equity in the 2020 report amounted to DKK 178,573. The solvency ratio was 10.3%. The company had 5 employees in the financial year.
- Gross Profit
- DKK 1,853,288
- Profit/Loss
- DKK 179,787
- Equity
- DKK 178,573
- Total Assets
- DKK 1,738,631
- Employees
- 5
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 1.9 mio. | 180 t. | 179 t. | 5 |
| 2019 | - | 1.5 mio. | 124 t. | -1 t. | 4 |
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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.
About CycleIT ApS
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.