Circle Consult

Denmark · owned by LAUGE RØNNOW ApS (Denmark) · circleconsult.dk · 22 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

Disruption prediction

Circle Consult has an estimated 17% probability of disruption in the next 6 months.

12 of Circle Consult's 22 vendors monitored for disruptions.

Technology vendors

Insights

Last updated 2026-09-15 · revision 10

22 direct vendors, 278 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 4/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Circle Consult exhibits medium migration readiness, leaning towards the lower end, primarily due to its legacy internal technology stack and complex regulatory environment. The reliance on WordPress for internal operations suggests a traditional, likely monolithic architecture, which would require significant re-architecture and development effort to migrate to modern cloud-native, containerized, or microservices platforms. The multitude of 'Assessment Required' and 'Partially Compliant' regulations (GDPR, NIS2, AI Act, MDR, etc.) presents a substantial hurdle. Any migration must meticulously ensure continued and enhanced compliance, demanding extensive legal and technical review, which will increase the complexity, cost, and timeline of a migration. Additionally, as an EU-based company, GDPR's data residency requirements will complicate the selection of cloud providers and regions, necessitating robust legal frameworks for international data transfers. While the company's consistent gross profit growth indicates financial stability to fund a migration, and their expertise in modern technologies for clients could be leveraged, the 'Unknown' vendor lock-in risk adds uncertainty regarding potential dependencies that could complicate or delay a migration. The combination of legacy internal systems and a heavy, unaddressed regulatory burden significantly lowers their immediate migration readiness.

Compliance

11 in-scope frameworks identified; showing 3.

ISAE 3000 (source) — Assessment Required

An ISAE 3000 report could be relevant if Circle Consult needs to provide assurance over non-financial information, such as the effectiveness of their internal controls related to specific services or compliance with certain regulations.

The risk of not having an ISAE 3000 report is low unless specifically required by a client for assurance on non-financial information. It is less commonly requested than ISO 27001 or SOC 2 in the technology sector.

SOC 2 (source) — Assessment Required

Circle Consult's services, which involve developing software and hardware for clients, may require them to demonstrate the security of their systems and the data they handle. A SOC 2 report is a common way to provide this assurance, especially for US-based customers.

For a company that may handle sensitive client data, particularly if they have US clients, a SOC 2 report is often a contractual requirement. The absence of one could be a barrier to winning new business.

EMC Directive — Assessment Required

The company develops electronic hardware and explicitly offers 'EMC and Environmental Test' services. This demonstrates their direct involvement with products that must comply with the Electromagnetic Compatibility (EMC) Directive.

Failure to comply with the EMC Directive can lead to market withdrawal of products and financial penalties. The risk is medium as it pertains to the electro-magnetic compatibility of their electronic hardware products.

Evidence: https://circleconsult.dk/en/circleconsult/, https://circleconsult.dk/en/services/production/, https://circleconsult.dk/en/services/

Financials

Three-year financials

Financial Resilience Score: 5/10

Circle Consult ApS demonstrates a mixed financial resilience profile. On the positive side, the company has 24+ years of continuous operation under stable founder-led ownership, consistent gross profit growth (approximately 57% over four years, ~16% CAGR), ISO 9001 and ISO 27001 certifications enabling access to regulated markets like medical technology, and a diversified client base spanning Denmark, Scandinavia, Europe, USA, and Asia with blue-chip references including INVISIO and Kamstrup. However, the company's profitability has collapsed sharply over the last two fiscal years. EBIT deteriorated from DKK 4.16M (FY22/23) to DKK 778K (FY23/24) and turned negative at DKK -515K in FY24/25. While gross profit grew by DKK 4.4M in FY24/25, EBIT fell by DKK 1.29M, indicating operating costs (particularly personnel) are growing faster than revenue - a classic pattern of hiring ahead of billable demand. The equity buffer of DKK 5.38M is modest relative to the cost base implied by 35 average employees (now 50 registered), meaning a second consecutive loss year would meaningfully erode capital. With small scale (gross profit under DKK 30M) and concentrated client relationships, loss of one or two major clients would have disproportionate impact. The company appears to be in an expansion phase rather than distress, but has little margin for error in FY25/26.

Key strengths: 24+ years of continuous operation with stable founder-led ownership, Consistent gross profit growth: ~16% CAGR over three years, reaching DKK 29.6M in FY24/25, ISO 9001 and ISO 27001 certifications enabling regulated-market access, Blue-chip client references including INVISIO and Kamstrup, Diversified geographic client exposure across Denmark, Scandinavia, Europe, USA, and Asia, Active hiring: headcount grew from 27 to 50 registered employees, Equity more than doubled from DKK 2.20M (FY21/22) to DKK 5.90M (FY23/24)

Risk factors: EBIT collapsed from DKK 4.16M to DKK -515K over two years, Thin equity buffer of DKK 5.38M relative to cost base, Net loss of DKK -527K in FY24/25 eroded equity, Small scale creates concentration risk with key clients, No revenue disclosure limits external financial transparency, Nordic engineering salary inflation pressures margins, Operating costs growing faster than gross profit indicates hiring ahead of demand

Workforce by country

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