One year after declaring bankruptcy, a Danish furniture company has relaunched with only seven employees, down from the original 30. The move aims to reduce costs and create a more sustainable business model, according to CEO and co-owner Stig Lumbye.
© Stykka
Stykka, founded in 2019 by Jarl Vindnæs and Jacob Guldberg, specialises in kitchens, wardrobes, and furniture solutions. The company will now trade under the name Stykka Reborn, operating from Glostrup. Despite early market interest and design recognition, winning an award in 2023 for the LoopKitchen made of durable plywood, the company struggled financially, accumulating DKK 15 million in losses and negative equity of DKK 8 million.
Production now occurs at DLT Group in Viborg, which has also become a co-owner following financial involvement during the bankruptcy. Another creditor, Alfa Development, has joined the ownership group as well.
Stykka Reborn plans to break even by 2026, with aspirations for double-digit growth. The company will expand beyond its B2B focus to include direct-to-consumer sales via a new showroom on Gammel Kongevej in Copenhagen. Stykka positions itself in the mid-market segment, emphasising sustainability, design flexibility, and a balance between standard and custom kitchen offerings.
Lumbye highlighted that the leaner cost structure allows for quicker profitability and greater flexibility. The company's revival reflects broader trends in restructuring and lean operations in the furniture sector, demonstrating how a strong product vision combined with financial discipline can enable a rebirth after insolvency.
Source: www.wood-supply.dk
