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Twenty Racing ApS

Private limited companyCVR 42420298København ØActive

Twenty Racing ApS is a private limited company, based in København Ø, active in other sports activities n.e.c., founded in 2021. The company went from a profit in 2024 to a loss of DKK 2.3m in 2025. Equity fell to DKK 2.6m in 2025. 8 other companies in the database are registered at the same address.

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Key figures · financial year 2025

Gross profitDKK 1.9m−82.1% vs. 2024
Net profit−DKK 2.3m−171.3% vs. 2024
EquityDKK 2.6m−46.1% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 82% (2024 → 2025), to DKK 1.9m.
  • Net profit went from a profit of DKK 3.2m to a loss of DKK 2.3m (2024 → 2025).
  • Equity fell 46% (2024 → 2025), to DKK 2.6m.

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other sports activities n.e.c. (931900)
  • 18/12/2024: Moved to Lautrupsgade 11, 2100 København Ø

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 2021–2025 · amounts in DKK thousand

Equity and net profit

−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8m20212022202320242025
EquityNet profit
Financial figures for Twenty Racing ApS
20212022202320242025Change
Revenuenot statednot statednot statednot statednot stated–
Gross profit1,32111,63311,78410,8921,946−82.1%
Operating profit (EBIT)8199,7208,3233,973−2,280−157.4%
Profit before tax−1,2189,8968,3384,086−2,258−155.3%
Net profit−1,2187,9166,4963,168−2,257−171.3%
Total assets1,52811,0419,30010,8564,115−62.1%
Equity−1,1786,7396,7344,9022,644−46.1%
Liabilities2,7054,3032,5665,9541,471−75.3%
Cash and cash equivalents9644,7717,0104,3391,409−67.5%
Average number of employees223220%

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: 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

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m20212022202320242025
Gross profitMedian, the industry (88 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 46% from 2024 to 2025 (DKK 4.9m to DKK 2.6m).

    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

5 financial years
Annual reports for Twenty Racing ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202411/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202213/04/2023The companyPDFXBRL
202125/05/2021 – 31/12/202108/07/2022The companyPDFXBRL

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
011223308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

88 companies in the database

Comparison with the other companies in other sports activities n.e.c. based on the latest financial year.

Gross profitDKK 1.9mNo. 27 of 88
Better than 70% of the companies in the industry
EquityDKK 2.6mNo. 20 of 88
Better than 78% of the companies in the industry
Number of employees2No. 41 of 88
Better than 54% of the companies in the industry

Industry median: gross profit DKK 1.1m, net profit DKK 9,233, equity DKK 391k, 2 employees.

DKK 100kDKK 388kDKK 1.5mDKK 5.8mDKK 14.4mHere
Distribution of gross profit for 80 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
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 31,544of 69,742
Better than 55%
No. 20,843of 69,964
Better than 70%
Same industry and fewer than 20 employees80 companies in the comparison
No. 20of 80
Better than 76%
No. 17of 80
Better than 80%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 17,186of 33,588
Better than 49%
No. 9,144of 33,687
Better than 73%
All companies of type ApS66,508 companies in the comparison
No. 30,575of 66,379
Better than 54%
No. 17,231of 66,505
Better than 74%

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

Other sports activities n.e.c.
Gross profit
  1. Twenty Racing ApSDKK 1.9m
  2. Blast ApSDKK 22.6m
  3. RH Anpartsselskabet af 10.12.2018DKK 20.8m
Net profit
  1. Twenty Racing ApS−DKK 2.3m
  2. Blast ApSDKK 411k
  3. RH Anpartsselskabet af 10.12.2018DKK 13.2m
Equity
  1. Twenty Racing ApSDKK 2.6m
  2. Blast ApSDKK 7.5m
  3. RH Anpartsselskabet af 10.12.2018DKK 53.4m
Employees
  1. Twenty Racing ApS2
  2. Blast ApS83
  3. RH Anpartsselskabet af 10.12.20183

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
  • Twenty Holding ApS100%
Twenty Racing ApS

Management

1 active registrations

Executive management

Executive management at Twenty Racing ApS
NameRoleAppointed
Kevin Jan MagnussenDirector25/05/2021
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
Kevin Jan Magnussen

Signing rule: Selskabet tegnes af direktøren.

Address and production units

1 active production units

Lautrupsgade 11
2100 København Ø

København Municipality · Postcode 2100

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
Twenty Racing ApSLautrupsgade 11, 2100 København Ø21027203805

Purpose

Selskabets formål er at drive sportslige og kommercielle aktiviteter primært i relation til motorsport.

The purpose is quoted from the register in Danish.

Changes year by year

13 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Other sports activities n.e.c. (931900)
20243 changesaddress 2 · accounts 1
  • Moved to Lautrupsgade 11, 2100 København Ø
  • Moved to Stockholmsgade 45, 2100 København Ø
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20215 changesownership 3 · founded 1 · management 1
  • Twenty Holding ApS registered as owner (100%)
  • Kevin Jan Magnussen is no longer registered as owner
  • Registered as Twenty Racing ApS
  • Kevin Jan Magnussen appointed director
  • Kevin Jan Magnussen registered as owner (100%)

Related companies

Same industry in København

See all →

Same people in management

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 CVRReport a correction