app server, Error: Could not create the Java Virtual Machin

Please help with this error and how to fix:
STATUS | wrapper | 2016/02/01 05:00:31 | Machine is shutting down.
STATUS | wrapper | 2016/02/01 05:00:49 | ← Wrapper Stopped
STATUS | wrapper | 2016/02/01 05:03:21 | → Wrapper Started as Service
STATUS | wrapper | 2016/02/01 05:03:21 | Java Service Wrapper Standard Edition 32-bit 3.3.5
STATUS | wrapper | 2016/02/01 05:03:21 | Copyright (C) 1999-2009 Tanuki Software, Ltd. All Rights Reserved.
STATUS | wrapper | 2016/02/01 05:03:21 | http://wrapper.tanukisoftware.org
STATUS | wrapper | 2016/02/01 05:03:21 | Licensed to Servoy for ServoyApplicationServer
STATUS | wrapper | 2016/02/01 05:03:21 |
STATUS | wrapper | 2016/02/01 05:03:22 | Launching a JVM…
INFO | jvm 1 | 2016/02/01 05:03:23 | Error occurred during initialization of VM
INFO | jvm 1 | 2016/02/01 05:03:23 | Could not reserve enough space for object heap
INFO | jvm 1 | 2016/02/01 05:03:23 | Error: Could not create the Java Virtual Machine.
INFO | jvm 1 | 2016/02/01 05:03:23 | Error: A fatal exception has occurred. Program will exit.
ERROR | wrapper | 2016/02/01 05:03:23 | JVM exited while loading the application.
STATUS | wrapper | 2016/02/01 05:03:28 | Launching a JVM…
INFO | jvm 2 | 2016/02/01 05:03:28 | Error occurred during initialization of VM
INFO | jvm 2 | 2016/02/01 05:03:28 | Could not reserve enough space for object heap
INFO | jvm 2 | 2016/02/01 05:03:28 | Error: Could not create the Java Virtual Machine.
INFO | jvm 2 | 2016/02/01 05:03:28 | Error: A fatal exception has occurred. Program will exit.
ERROR | wrapper | 2016/02/01 05:03:28 | JVM exited while loading the application.
STATUS | wrapper | 2016/02/01 05:03:33 | Launching a JVM…
INFO | jvm 3 | 2016/02/01 05:03:33 | Error occurred during initialization of VM

Sounds like a memory issue. Either not enough memory available or you run a 32bit Java and assign to much memory (like 2 GB won’t work)?