Circle Consult Due Diligence

Run due diligence on Circle Consult: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by LAUGE RØNNOW ApS (Denmark) · circleconsult.dk · 23 vendors

Circle Consult is a Danish technology consultancy offering services spanning hardware, software, AI, PCB layout, mechanical design, EMC and environmental testing, and project management. The company positions itself as technologically leading with an innovative and methodical approach to solutions based on robust standards and processes. It serves clients in Denmark and Norway.

Resilience scores

Technology vendors

Insights

Last updated 2026-11-01 · revision 16

23 direct vendors, 221 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

8 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — No public evidence

This assurance standard could be relevant if customers require a third-party audit of non-financial information, such as cybersecurity controls or sustainability reporting.

SOC 2 (source) — No public evidence

As a technology and software development company, customers, particularly those in sensitive sectors, may require assurance over the security, availability, and confidentiality of its systems.

GDPR (source) — No public evidence

The company is established in Denmark, an EU member state, and therefore processes the personal data of employees, customers, and suppliers within the EU.

Financials

Three-year financials

Financial Resilience Score: 6/10

Circle Consult is a steadily growing, founder-led Danish R&D engineering consultancy with a strong track record of top-line (gross-profit) expansion — nearly tripling gross profit over five years (CAGR ~23%) and growing headcount from 13 to 35 (average) / 50 (CVR). The business benefits from diversified end-markets (defense, medtech, power, wireless, computer vision, AI), a multi-site Danish footprint plus a new Oslo office, blue-chip customers in critical infrastructure, and stable founder-led ownership through LAUGE RØNNOW ApS. However, resilience is constrained by a thin equity cushion (DKK 5.38M against ~DKK 30M of gross profit), a clear margin reversal from DKK 4.16M EBIT in FY22/23 to a small loss in FY24/25, and a people-dependent business model where profitability swings with billable utilisation. The combination of ongoing hiring, Oslo ramp-up, and a partial ownership change (JLB Invest acquiring 10–14.99% in Dec 2025) suggests an investment phase, but a sustained run of losses would quickly erode the balance sheet. Overall, the company is a scaling consulting house with solid demand tailwinds but near-term profitability risk.

Key strengths: Gross profit nearly tripled over 5 years (CAGR ~23%), Diversified end-markets: defense, medtech, power, wireless, computer vision, AI, Multi-site Danish footprint (Hørsholm, Aarhus, Sønderborg, Odense) plus Oslo, Blue-chip positioning in critical infrastructure and defense (Nordic tailwind), Stable founder-led ownership and management since 2001, Steady headcount growth from 13 to 50 over 5 years

Risk factors: Thin equity cushion (DKK 5.38M) relative to activity level, Margin reversal: EBIT fell from DKK 4.16M (22/23) to a loss in 24/25, People-dependent model with utilisation-driven earnings volatility, Small absolute size limits bidding on large programmes, Customer concentration risk not publicly disclosable, Oslo office (opened 2023) still in loss-making ramp-up phase, Partial ownership change (JLB Invest, Dec 2025) introduces governance uncertainty

Revenue by geography

Workforce by country

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