Owners, management and financials
CVR: 42420298
DKK 1,946,116
Gross profit
Net result: DKK -2,257,471
Twenty Holding ApS (100%)
CVR · view owners
Kevin Jan Magnussen
CVR · view management
Active
Founded 25 May 2021
CVR · view overview
2 employees
CVR · 2026
Owner registered: Twenty Holding ApS
CVR · 01/11/2021
View the full event history
Twenty Racing ApS is a Danish company of the type Anpartsselskab based in København Ø, founded in 2021. The company is registered under the industry Sportsaktiviteter i.a.n.. The management consists of Kevin Jan Magnussen. The company is owned by Twenty Holding ApS. The company has 2 employees (2026). In 2025, the company reported a gross profit of DKK 1,946,116 and a net result of DKK -2,257,471 compared with DKK 3,167,679 the year before. Equity in the 2025 report amounted to DKK 2,644,371.
Source: annual report 2025, Danish Business Authority
The financial health of Twenty Racing ApS appears to be fluctuating, with a notable decline in profitability in 2025, where it reported a loss of 2,257,471 DKK despite a gross profit of 1,946,116 DKK. Prior to this, the company demonstrated strong performance with gross profits steadily above 11 million DKK from 2022 to 2024, peaking at 11,783,855 DKK in 2023 and achieving profits of 7,916,194 DKK in 2022. While equity remains relatively strong at 2,644,371 DKK in 2025, the recent downturn raises concerns about its sustainability and operational efficiency. The company operates within the sports activities sector, where it has shown potential but may need to address profitability challenges to maintain its position.
AI-generated summary · Generated 16/08/2026
Selskabets formål er at drive sportslige og kommercielle aktiviteter primært i relation til motorsport.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 1.9M | -2.3M | 4.1M | 2.6M | 2 | |
| 202401/01/2024 – 31/12/2024 | 10.9M | 3.2M | 10.9M | 4.9M | 2 | |
| 202301/01/2023 – 31/12/2023 | 11.8M | 6.5M | 9.3M | 6.7M | 3 | |
| 202201/01/2022 – 31/12/2022 | 11.6M | 7.9M | 11M | 6.7M | 2 |
Compared to 305 companies in Sportsaktiviteter i.a.n.
Comparison is based on industry median values
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See the API documentationThe CVR number of Twenty Racing ApS is 42420298.
Twenty Racing ApS is owned by Twenty Holding ApS.
The management of Twenty Racing ApS consists of Kevin Jan Magnussen.
In 2025, Twenty Racing ApS reported a gross profit of DKK 1,946,116.
Twenty Racing ApS had 2 employees in 2026 according to the Danish CVR register.
Twenty Racing ApS was founded on 25 May 2021.
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Twenty Racing ApS has published its annual report for 2025. Gross profit came to DKK 1,946,116, and the net result was DKK -2,257,471.
Twenty Racing ApS has published its annual report for 2024. Gross profit came to DKK 10,891,721, and the net result was DKK 3,167,679.
Twenty Racing ApS has published its annual report for 2023. Gross profit came to DKK 11,783,855, and the net result was DKK 6,495,526.
As of April 3, 2024, Grant Thornton, Godkendt Revisionspartnerselskab has been appointed auditor of Twenty Racing ApS.
Twenty Racing ApS has published its annual report for 2022. Gross profit came to DKK 11,633,476, and the net result was DKK 7,916,194.
Twenty Racing ApS has published its interim report for the period May 25, 2021 to December 31, 2021.
As of November 1, 2021, Twenty Holding ApS is registered as an owner of Twenty Racing ApS with an ownership share of 100%.
As of May 25, 2021, Kevin Jan Magnussen is registered as director of Twenty Racing ApS.
Twenty Racing ApS was founded on May 25, 2021.
Uneven Bits ApS is an independent IT consultancy founded and operated by Klaus Byskov Pedersen. With deep expertise in software architecture and systems design, I help organizations build robust, scalable, and maintainable technical solutions. Whether you need strategic guidance on technology decisions, hands-on architecture work, or help navigating complex technical challenges, I bring focused expertise and a practical approach to every engagement.
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
Selskabets formål er at udvikle, markedsføre, sælge og implementere software produkter til brug ved indkøbsstyring og dermed efter bestyrelsens skøn beslægtet virksomhed
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
Selskabets formål er IT- og kommunikationsvirksomhed samt virksomhed i øvrigt, der efter bestyrelsens skøn står i forbindelse hermed.
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