TwoBears ApS

CVR 39703017 · Private limited company (ApS) · Active · Medium risk

TwoBears ApS is a Private limited company (ApS), founded on , based in Brabrand. The company is registered in the industry investering for egen regning. Our model estimates a bankruptcy risk of 2.6% over the next 12 months, which is 1.9 times the average for Danish companies. 7 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK -1.3m and a net result of DKK -7.3m. CEO: Søren Kjærulff Gaun, Jakob Damm-Jakobsen.

Bankruptcy risk for TwoBears ApS

2.6%
probability of bankruptcy within 12 months
Medium risk

1.9 × the average (1.41%) · higher risk than 86% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Capital changes3+ · bankruptcy rate 6.2%0.70×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
39703017
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Egebjergvej 85
8220 Brabrand
Municipality
Aarhus
Industry
Investering for egen regning (649910)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 90k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-112.0%
Current ratio18,685%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -90kDKK -133k
Net profitDKK -7.3mDKK -110k
EquityDKK -1.3mDKK 6.1m
Total assetsDKK 1.1mDKK 7.1m
CashDKK 373k–
Short-term debtDKK 6,000–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025145
1 Jan 2024 – 31 Dec 202456
1 Jan 2023 – 31 Dec 202394
1 Jan 2022 – 31 Dec 202224
1 Jan 2021 – 31 Dec 202142
1 Jan 2020 – 31 Dec 202090
2 Jul 2018 – 31 Dec 201979

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOSøren Kjærulff GaunCurrent
CEOJakob Damm-JakobsenCurrent
Owner (50%)GAUN HOLDING ApSCurrent
Owner (50%)JAKODA Invest ApSCurrent
FounderGAUN HOLDING ApSCurrent
FounderJAKODA Invest ApSCurrent

The CEOs' other companies

Søren Kjærulff Gaun – 19 other companies, of which 1 bankrupt

Jakob Damm-Jakobsen – 11 other companies, of which 1 bankrupt

Address history (0 moves)

Egebjergvej 85, 8220 Brabrand

Other companies at the same address

Similar companies in Aarhus

Questions and answers about TwoBears ApS

Has TwoBears ApS gone bankrupt?

No, TwoBears ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TwoBears ApS?

Our model estimates a bankruptcy risk of 2.6% over the next 12 months (medium risk), which is 1.9 times the average for Danish companies.

Who is the CEO of TwoBears ApS?

Søren Kjærulff Gaun, Jakob Damm-Jakobsen are the CEOs of TwoBears ApS.

Who is the auditor of TwoBears ApS?

TwoBears ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was TwoBears ApS founded?

TwoBears ApS was founded on 2 July 2018.

What is the equity of TwoBears ApS?

Equity was DKK -1.3m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.