Two Worlds ApS
Private limited companyCVR 38673149BorupActive
Two Worlds ApS is a private limited company, based in Borup, active in operation of day spas, saunas and steam baths, founded in 2017. Equity was negative at the end of 2025 (−DKK 604k). After a loss in 2024, the company made a profit of DKK 44,833 in 2025. With 7 employees, the company is about 7 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 25% (2024 → 2025), to DKK 694k.
- Net profit went from a loss of DKK 106k to a profit of DKK 44,833 (2024 → 2025).
Employees
- 3 fewer employees than a year earlier: 7 (07/2026) against 10 (07/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Operation of day spas, saunas and steam baths (962300)
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 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 640 | 212 | 108 | 742 | 555 | 694 | +25% |
| Operating profit (EBIT) | 124 | −352 | −403 | 147 | 15 | 65 | +327.8% |
| Profit before tax | 105 | −385 | −409 | 132 | −4 | 45 | +1,350.6% |
| Net profit | 73 | −292 | −319 | 101 | −106 | 45 | +142.2% |
| Total assets | 675 | 514 | 451 | 481 | 408 | 570 | +39.6% |
| Equity | −32 | −324 | −644 | −542 | −649 | −604 | +6.9% |
| Liabilities | 707 | 838 | 1,095 | 1,023 | 1,057 | 1,174 | +11% |
| Cash and cash equivalents | 447 | 191 | 102 | 92 | 59 | 68 | +15.3% |
| Average number of employees | – | – | 2 | 2 | 3 | 3 | 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 2020, 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
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 604k at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/07/2024 – 30/06/2025 | 18/12/2025 | The company | PDF not statedXBRL |
| 2024 | 01/07/2023 – 30/06/2024 | 30/12/2024 | The company | PDFXBRL |
| 2023 | 01/07/2022 – 30/06/2023 | 13/12/2023 | The company | PDFXBRL |
| 2022 | 01/07/2021 – 30/06/2022 | 30/12/2022 | The company | PDFXBRL |
| 2021 | 01/07/2020 – 30/06/2021 | 23/11/2021 | The company | PDFXBRL |
| 2020 | 01/07/2019 – 30/06/2020 | 30/11/2020 | The company | PDFXBRL |
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 CVRPosition in the industry
127 companies in the databaseComparison with the other companies in operation of day spas, saunas and steam baths based on the latest financial year.
Industry median: gross profit DKK 709k, net profit DKK 32,259, equity DKK 119k, 1 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 50,571of 69,742 Better than 27% | No. 66,152of 69,964 Better than 5% |
| Same industry and fewer than 20 employees112 companies in the comparison | No. 51of 112 Better than 55% | No. 104of 112 Better than 7% |
| Companies that are between 5 and 14 years old33,679 companies in the comparison | No. 26,003of 33,579 Better than 23% | No. 31,319of 33,678 Better than 7% |
| All companies of type ApS66,508 companies in the comparison | No. 48,663of 66,379 Better than 27% | No. 62,622of 66,505 Better than 6% |
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
Operation of day spas, saunas and steam baths- Two Worlds ApSDKK 694k
- Vicuras DK A/SDKK 31.6m
- AIRE Ancient Baths Copenhagen ApSDKK 25.4m
- Two Worlds ApSDKK 44,833
- Vicuras DK A/SDKK 5.5m
- AIRE Ancient Baths Copenhagen ApS−DKK 5.5m
- Two Worlds ApS−DKK 604k
- Vicuras DK A/SDKK 9.8m
- AIRE Ancient Baths Copenhagen ApSDKK 45.8m
- Two Worlds ApS7
- Vicuras DK A/S84
- AIRE Ancient Baths Copenhagen ApS65
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Phacharee Gundahl Madsen100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Phacharee Gundahl Madsen | CEO | 24/05/2017 |
- Founders
- Phacharee Gundahl Madsen
Signing rule: Selskabet tegnes af en direktør.
Address and production units
2 active production unitsØrningevej 3
4140 Borup
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Kapellangaarden Spa & Wellness | Kirkestræde 23, st. th, 4600 Køge | 7 | 1029915993 |
| Two Worlds ApS | Ørningevej 3, 4140 Borup | 1 | 1022479276 |
Purpose
Selskabets formål er drive spa- og wellness aktiviteter samt forhandling af relaterede produkter. Herudover forhandling af accessories og brugskunst(, og i mindre grad IT-konsulentydelser).
The purpose is quoted from the register in Danish.
Changes year by year
10 registered events20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2025 published
- IndustryIndustry changed to Operation of day spas, saunas and steam baths (962300)
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20231 changeaccounts 1
- AccountsAnnual report for 2023 published
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20211 changeaccounts 1
- AccountsAnnual report for 2021 published
20201 changeaccounts 1
- AccountsAnnual report for 2020 published
20173 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as Two Worlds ApS
- ManagementPhacharee Gundahl Madsen appointed ceo
- OwnershipPhacharee Gundahl Madsen registered as owner (100%)
Related companies
Largest in the industry
- Vicuras DK A/SDKK 31.6m
- AIRE Ancient Baths Copenhagen ApSDKK 25.4m
- Blessing Center Bonus Exclusive A/SDKK 13.3m
- Plug In ApSDKK 10.2m
- Siam traditional thai massage ApSDKK 8.1m
- Ni'mat ApSDKK 7.9m
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.