Studio 20 ApS

Private limited companyCVR 41441496København KActive

Studio 20 ApS is a private limited company, based in København K, active in cultural education, founded in 2020. The company made a loss in both 2025 and 2026, most recently DKK 69,315. Equity fell to DKK 78,224 in 2026.

PDF report Compare

Key figures · financial year 2026

Gross profitDKK 738k−30.8% vs. 2025

Net profit−DKK 69,315−419.6% vs. 2025

EquityDKK 78,224−47% vs. 2025

Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

Gross profit fell 31% (2025 → 2026), to DKK 738k.
The loss grew: from DKK 13,340 to DKK 69,315 (2025 → 2026).
Equity fell 47% (2025 → 2026), to DKK 78,224.

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2021–2026 · amounts in DKK thousand

Equity and net profit

EquityNet profit

Financial figures for Studio 20 ApS
	2021	2022	2023	2024	2025	2026	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	668	507	490	914	1,066	738	−30.8%
Operating profit (EBIT)	0	98	−19	57	−12	−63	−438.6%
Profit before tax	−1	97	−21	56	−13	−69	−413.9%
Net profit	−1	76	−18	44	−13	−69	−419.6%
Total assets	292	236	148	221	257	197	−23.3%
Equity	124	200	117	161	148	78	−47%
Liabilities	168	36	31	60	109	119	+8.6%
Cash and cash equivalents	57	135	50	76	138	100	−27.6%
Average number of employees	2	1	1	4	4	4	0%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2021, 2022, 2023, 2024, 2025, 2026: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

Compare with the industry (45 companies)

Gross profitMedian, the industry (45 companies)

Signals from the financial statements

calculated from the 2026 figures

Loss for 2 years in a row
Net result has been negative in 2025–2026.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 47% from 2025 to 2026 (DKK 148k to DKK 78,224).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years

Annual reports for Studio 20 ApS
Financial year	Period	Published	Figures for	Documents
2026	01/07/2025 – 30/06/2026	17/08/2026	The company	PDF not statedXBRL
2025	01/07/2024 – 30/06/2025	31/12/2025	The company	PDF not statedXBRL
2024	01/07/2023 – 30/06/2024	22/11/2024	The company	PDF XBRL
2023	01/07/2022 – 30/06/2023	22/09/2023	The company	PDF XBRL
2022	01/07/2021 – 30/06/2022	02/01/2023	The company	PDF XBRL
2021	15/06/2020 – 30/06/2021	03/12/2021	The company	PDF XBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR

Employees

Position in the industry

45 companies in the database

Comparison with the other companies in cultural education based on the latest financial year.

Gross profitDKK 738kNo. 31 of 45

Better than 32% of the companies in the industry

EquityDKK 78,224No. 32 of 45

Better than 30% of the companies in the industry

Number of employees2No. 10 of 45

Better than 80% of the companies in the industry

Industry median: gross profit DKK 1.1m, net profit DKK 60,515, equity DKK 259k, 2 employees.

Distribution of gross profit for 45 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form

Rank among similar companies
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 49,697of 69,742 Better than 29%	No. 55,894of 69,964 Better than 20%
Same industry and fewer than 20 employees38 companies in the comparison	No. 25of 38 Better than 35%	No. 27of 38 Better than 30%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 25,603of 33,588 Better than 24%	No. 26,636of 33,687 Better than 21%
All companies of type ApS66,508 companies in the comparison	No. 47,826of 66,379 Better than 28%	No. 52,089of 66,505 Better than 22%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Cultural education

Gross profit

Studio 20 ApSDKK 738k
Let's Dance ApSDKK 8.7m
Musikundervisning.dk ApSDKK 7.8m

Net profit

Studio 20 ApS−DKK 69,315
Let's Dance ApSDKK 1.4m
Musikundervisning.dk ApS−DKK 149k

Equity

Studio 20 ApSDKK 78,224
Let's Dance ApSDKK 4.2m
Musikundervisning.dk ApS−DKK 4m

Employees

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register

Owners

Nora Agnes Durga Ranning15%
Mia Kingo Terkelsen15%
Studio 20 ApS50%
Ivan Sajed Spahi15%

Studio 20 ApS

Subsidiaries and ownership shares

Studio 20 ApS50%

Subsidiaries are shown only if they are in the database.

Management

3 active registrations

Executive management

Executive management at Studio 20 ApS
Name	Role	Appointed
Nora Agnes Durga Ranning	Director	15/06/2020
Mia Kingo Terkelsen	Director	15/06/2020
Ivan Sajed Spahi	Director	28/10/2022

Founders: Marvin Spahi, Mia Kingo Terkelsen, Anne Isa Management ApS

Former management (3)

Former management at Studio 20 ApS
Name	Role	Appointed	Resigned
Marvin Spahi	Director	15/06/2020	20/10/2020
Anne Isa Borresen	CEO	15/06/2020	28/10/2022
Jonathan Wilhelm Rath	Director	15/06/2020	28/10/2022

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Sankt Peders Stræde 43
1453 København K

København Municipality · Postcode 1453

Other companies at the address (1)

August & Hemmingsen ApSOperation of internet portals

Production units
Production unit	Address	Industry	Employees	P number
STUDIO 20 ApS	Sankt Peders Stræde 43, st, 1453 København K	Cultural education	2	1025936961

Purpose

Virksomhedens formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.

The purpose is quoted from the register in Danish.

Changes year by year

30 registered events

162020

12021

82022

22023

12024

12025

12026

20261 changeaccounts 1

17/08AccountsAnnual report for 2026 published

20251 changeaccounts 1

31/12AccountsAnnual report for 2025 published

20241 changeaccounts 1

22/11AccountsAnnual report for 2024 published

20232 changesaccounts 2

22/09AccountsAnnual report for 2023 published
02/01AccountsAnnual report for 2022 published

20228 changesmanagement 3 · ownership 5

28/10ManagementIvan Sajed Spahi appointed director
28/10ManagementAnne Isa Borresen stepped down as ceo
28/10ManagementJonathan Wilhelm Rath stepped down as director
13/10OwnershipIvan Sajed Spahi registered as owner (15%)
23/09OwnershipSTUDIO 20 ApS registered as owner (50%)
23/09OwnershipJonathan Wilhelm Rath is no longer registered as owner
23/09OwnershipAnne Isa Management ApS is no longer registered as owner
23/09OwnershipAnne Isa Borresen is no longer registered as owner

20211 changeaccounts 1

03/12AccountsAnnual report for 2021 published

202016 changesmanagement 6 · ownership 7 · address 2 · founded 1

20/10ManagementMarvin Spahi stepped down as director
20/10OwnershipMarvin Spahi is no longer registered as owner
02/07AddressMoved to Sankt Peders Stræde 43, st, 1453 København K
29/06AddressMoved to Sankt Peders Stræde 45B, st, 1453 København K
15/06FoundedRegistered as STUDIO 20 ApS
15/06ManagementMarvin Spahi appointed director
15/06ManagementAnne Isa Borresen appointed ceo
15/06ManagementJonathan Wilhelm Rath appointed director
15/06ManagementNora Agnes Durga Ranning appointed director
15/06ManagementMia Kingo Terkelsen appointed director
15/06OwnershipJonathan Wilhelm Rath registered as owner (10%)
15/06OwnershipAnne Isa Management ApS registered as owner (50%)
15/06OwnershipMarvin Spahi registered as owner (15%)
15/06OwnershipMia Kingo Terkelsen registered as owner (15%)
15/06OwnershipNora Agnes Durga Ranning registered as owner (15%)
15/06OwnershipAnne Isa Borresen registered as owner (25%)

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Same industry in København

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Largest in the industry

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVR Report a correction