CIRCLE INVEST ApS (CVR 33767331) Company Profile

Ownership

Circles Holding ApS
CVR 37365807100% of capital and votesnotified 15 May 2017since 1 Apr 2016

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (3)

HANSELUND HOLDING ApS
CVR 1712259225% to under 33.3% of capital and votesnotified 15 May 201728 Dec 2011 to 15 May 2017
LARS BACH HOLDING ApS
CVR 2766434250% to under 66.7% of capital and votes1 Sep 2014 to 31 Mar 2016
Søren Tonnesen
20% to under 25% of capital and votes27 Jun 2011 to 16 May 2016

Control Chain

Ultimate controller
Søren Tonnesen
Holds 100% of capital and votes in Circles Holding ApS, since 30 Dec 2015
Capital100%
Votes100%
Holding company
Circles Holding ApS
CVR 37365807Private limited company (ApS)
Holds 100% of capital and votes in CIRCLE INVEST ApS, since 1 Apr 2016
Capital100%
Votes100%
This company
CIRCLE INVEST ApS
CVR 33767331

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 10 Nov 2026.

Owned Companies

3 Danish companies, which own 1 more one level down.

Dampmølle Invest ApS
SubsidiaryCVR 40195734100% of capital and votes
URBANUS ApS
CVR 2631338410% to under 15% of capital and votes
Urbanus Invest ApS
CVR 4451264510% to under 15% of capital and votes
- URBANUS ApS
  CVR 2631338433.3% to under 50% of capital and votes

Found by searching the CVR owner register (ejerregister) for CIRCLE INVEST ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Former holdings (1)

MoHab Komplementar ApS
CVR 3811518950% to under 66.7% of capital and votes1 Oct 2017 to 13 Dec 2022

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 1 company; legal owners in the CVR owner register only. Dandex estimate, rule v2, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): Over 10 yearsControlled by a person registered as a founder for 10.6 years, from the latest day an owner in the control chain took control. Dandex estimate, rule v2, computed 10 Nov 2026.
Group position (Koncernforhold): Has a parent, and a majority holding in one or more Danish companiesControlled by a company in CVR; it holds 50% or more of 1 Danish company. Dandex estimate, rule v1, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Mainly cash and securitiesCash and securities are 90.5% of total assets in the 2025 report. Dandex estimate, rule v1, computed 10 Nov 2026.
Signing authority, structured (Tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (1)

Søren TonnesenExecutive board since 6 Aug 2018

Founders (1)

Søren TonnesenFounded 27 Jun 2011, holds a current role

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (3)

Michael Leisgaard JustExecutive board 30 May 2016 to 6 Aug 2018, Board of directors 30 May 2013 to 30 May 2016
Lars Bach ChristensenExecutive board 1 Jul 2011 to 30 May 2016, Board of directors 30 May 2013 to 30 May 2016
Søren Sloth KristensenBoard of directors 30 May 2013 to 27 Apr 2015

Network

Roles Over Time

Søren Tonnesen: Executive board, 6 Aug 2018 to today; Board of directors, 1 Jul 2011 to 6 Aug 2018.

1 Jul 2011 to 10 Nov 2026.

Former (3)

Michael Leisgaard Just: Board of directors, 30 May 2013 to 30 May 2016; Executive board, 30 May 2016 to 6 Aug 2018.
Lars Bach Christensen: Executive board, 1 Jul 2011 to 30 May 2016; Board of directors, 30 May 2013 to 30 May 2016.
Søren Sloth Kristensen: Board of directors, 30 May 2013 to 27 Apr 2015.

1 Jul 2011 to 10 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	-11	-11	-10	-17	-13
Result for the year	-52	-103	+1,942	-358	-205
Equity	55	-48	1,894	1,286	1,081
Total assets	2,447	3,445	4,678	5,217	5,280
Employees (average)	0	0	0	0	0
Credit metrics (Dandex calculations)
Net interest-bearing debt (NIBD, nettorentebærende gæld)	1,499	1,453	1,484	1,499	1,498
Interest coverage (rentedækning)	-0.2x^{note 1}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}
Adjusted equity ratio (justeret soliditetsgrad)	2.2%^{note 3}	-1.4%^{note 3}	40.5%^{note 3}	24.7%^{note 3}	20.5%^{note 3}
ROIC (afkast af investeret kapital)	-0.6%^{note 4}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. No cash flow statement filed (class A and B are exempt).

1 Dandex estimate: EBIT rebuilt from profit before tax and financial items
2 no operating profit filed
3 Dandex estimate: no intangible or deferred tax assets to deduct
4 Dandex estimate: EBIT rebuilt from profit before tax and financial items; statutory 22% used: profit before tax not positive

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 11 Jun 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 25 Jun 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 7 Jun 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 12 Jun 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 16 Jun 2022
PDF

Financials

Changes

Dandex has recorded no changes to this company since it began following the register.

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af en direktør.since 6 Aug 2018
Purpose (Formål): Selskabets formål er via besiddelse af kapitalandele i virksomheder at foretage investering i danske eller spanske ejendomsudviklingsprojekter samt andre investeringsaktiver efter direktionens skøn.since 6 Aug 2018
Audit opted out (Revision fravalgt): Yessince 30 May 2016
Articles of association last changed (Seneste vedtægtsdato): 6 Aug 2018
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 24 May 2016

Share Capital

Each registered value from the day it took effect, newest first.

10 Apr 2014105,000 DKK-10,395,000
17 Dec 201210,500,000 DKK+1,500,000
28 Dec 20119,000,000 DKK+8,500,000
27 Jun 2011500,000 DKKEarliest in CVR

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

13 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

6 Aug 2018
People change Other
Vedtægter ændret: 06.08.2018
Nyt binavn: Zircles ApS
Bestyrelse:
Fratrådte:
Advokat Søren Tonnesen (formand), den 06.08.2018.
Direktion:
Show the full announcement
Fratrådte:
Michael Leisgaard Just, den 06.08.2018.
Tiltrådte:
Advokat Søren Tonnesen, den 06.08.2018.
Selskabet tegnes af en direktør..
Formål ændret: Selskabets formål er via besiddelse af kapitalandele i virksomheder at foretage investering i danske eller spanske ejendomsudviklingsprojekter samt andre investeringsaktiver efter direktionens skøn.
16 May 2017
Address change
Ny adresse: c/o Advokat Søren Tonnesen, Paludan-Müllers Vej 4, 8000 Aarhus C
31 May 2016
Audit change People change
Vedtægter ændret: 30.05.2016
Bestyrelse:
Fratrådte:
Lars Bach Christensen, den 30.05.2016, Michael Leisgaard Just, den 30.05.2016.
Direktion:
Fratrådte:
Show the full announcement
Lars Bach Christensen, den 30.05.2016.
Tiltrådte:
Michael Leisgaard Just, den 30.05.2016.
Revision:
Fratrådte:
BEIERHOLM, STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 30.05.2016.
Formål ændret: Selskabets formål er direkte eller indirekte via besiddelse af kapitalandele i dattervirksomheder og/eller associerede virksomheder at drive virksomhed indenfor handel, investering eller finansiering
10 May 2016
Audit change
Revision:
Fratrådte:
AP STATSAUTORISEREDE REVISORER P/S, den 01.05.2016.
Tiltrådte:
CVR-NR. 32895468 BEIERHOLM, STATSAUTORISERET REVISIONSPARTNERSELSKAB, Olof Palmes Alle 25A, 8200 Aarhus N, den 01.05.2016.
29 Apr 2015
People change
CVR-nummer
33767331.
NAVN:
CIRCLE INVEST ApS.
Adresse: c/o Advokat Søren Tonnesen, Værkmestergade 2, 8000 Aarhus C.
Kommune: Århus.
Show the full announcement
Bestyrelse:
Fratrådte:
Søren Sloth Kristensen, den 27.04.2015.
2 Sep 2014
Other
Ny adresse:
c/o Advokat Søren Tonnesen, Værkmestergade 2, 8000 Aarhus C.
4 Jun 2014
Other Capital change
Vedtægter ændret:
10.04.2014.
Kapitalnedsættelse besluttet 10.04.2014 er gennemført 04.06.2014.
Kapitalen udgør herefter kr. 105.000,00.
23 Apr 2014
Other Capital change
Kapitalnedsættelse besluttet 10.04.2014 henlæggelse til særlig reserve kr. 10.395.000,00 til kurs 100,00.
Selskabets kreditorer opfordres til at anmelde deres krav til selskabet. Kreditorerne kan kræve betryggende sikkerhed for uforfaldne krav og betaling af forfaldne krav. Krav skal anmeldes senest 4 uger fra dags dato.
7 Jun 2013
Other People change
Bestyrelse:
Indtrådt i bestyrelsen:
Direktør Lars Bach Christensen, den 30.05.2013, Direktør Michael Leisgaard Just, den 30.05.2013, Søren Sloth Kristensen, den 30.05.2013.
11 Jan 2013
Audit change Other
Revision:
Udtrådt af revisionen:
AP, STATSAUTORISEREDE REVISORER I/S, den 31.12.2012.
Indtrådt i revisionen:
AP STATSAUTORISEREDE REVISORER P/S, Oluf Palmes Allé 25 A, 1., 8200 Aarhus N, den 01.01.2013.

Show 3 more

3 Jan 2013
Capital change Other
Vedtægter ændret:
17.12.2012.
Kapitalforhøjelse:
kr. 1.500.000,00 indbetalt kontant, kurs 100,00.
Kapitalen udgør herefter kr. 10.500.000,00.
21 Dec 2012
Other Capital change
Vedtægter ændret:
28.12.2011.
Kapitalforhøjelse:
kr. 8.500.000,00 indbetalt kontant, kurs 100,00.
Kapitalen udgør herefter kr. 9.000.000,00.
27 Jun 2011
New company
Stiftelsesdato:
27.06.2011.
Virkningsdato: 01.07.2011.
Der kan i perioden fra selskabets stiftelse til dato for retsvirkning ikke erhverves rettigheder eller indgås forpligtelser på selskabets vegne.
Seneste vedtægtsdato:
27.06.2011.
Show the full announcement
Kapital:
kr. 500.000,00.
Indbetalingsmåde:
Indbetalt kontant kr. 500.000,00 til kurs 100,00.
Stifter:
Advokat Søren Tonnesen, den 27.06.2011.
Bestyrelse:
Advokat Søren Tonnesen (formand), den 01.07.2011.
Direktion:
Direktør Lars Bach Christensen, den 01.07.2011.
Selskabet tegnes af bestyrelsens formand.
Revision:
AP, STATSAUTORISEREDE REVISORER I/S, Olof Palmes Alle 25, 1., 8200 Århus N, den 01.07.2011.
Første regnskabsår:
01.07.2011 - 31.12.2012.
Regnskabsår:
01.01 - 31.12.

Registrations (Registreringer)

Registration

Address: Paludan-Müllers Vej 4
8000 Aarhus C
Aarhus Municipality
CVR record last changed: 7 Oct 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

CIRCLE INVEST ApS
P-number 1016950919Paludan-Müllers Vej 4, 8000 Aarhus C

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Headcount

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Control Chain

Owned Companies

Dandex Estimates

People

Current (1)

Founders (1)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Registry Facts

Share Capital

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Owned Companies

Dandex Estimates

Current (1)

Founders (1)

Network

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Owners and the control chain

Companies it owns

Its people and their other companies