Two Degrees UP ApS (CVR 43839314) Company Profile

Ownership

Two Degrees ApS
CVR 2868772966.7% to under 90% of capital, 100% of votesclass Anotified 7 May 2024since 31 Dec 2022

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Control Chain

Ultimate controller
Mikkel Bülow-Lehnsby
Holds 25% to under 33.3% of capital and 66.7% to under 90% of votes in KidCo ApS, since 16 Nov 2015
Capital25% to under 33.3%
Votes66.7% to under 90%
Holding company
KidCo ApS
CVR 37242179Private limited company (ApS)
Holds 50% to under 66.7% of capital and votes in Two Degrees ApS, since 16 Nov 2015
Capital50% to under 66.7%
Votes50% to under 66.7%
Holding company
Two Degrees ApS
CVR 28687729Private limited company (ApS)
Holds 66.7% to under 90% of capital and 100% of votes in Two Degrees UP ApS, since 31 Dec 2022
Capital66.7% to under 90%
Votes100%
This company
Two Degrees UP ApS
CVR 43839314

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 10 Nov 2026.

Owned Companies

4 Danish companies, which own 36 more one level down.

Two Degrees Ventures ApS
SubsidiaryCVR 4470228266.7% to under 90% of capital and votes
- Anchor Energy Partners ApS
  CVR 4666805733.3% to under 50% of capital and votes
- APEX ENERGY APS
  CVR 4480682725% to under 33.3% of capital and votes
- Zerithon X Holding ApS
  CVR 3980492125% to under 33.3% of capital and votes
- Itinnera Solutions ApS
  CVR 4386700820% to under 25% of capital and votes
- Apex Fond 1 K/S
  CVR 4480924915% to under 20% of capital and votes
- And 5 more, listed on the page of Two Degrees Ventures ApS.
Two Degrees Rocketship ApS
Subsidiary or joint ventureCVR 4483077950% to under 66.7% of capital and votes
- Two Degrees Ventures ApS
  CVR 4470228210% to under 15% of capital and votes
2150 Fund CIV K/S
CVR 4224713825% to under 33.3% of capital and votes
Urban Partners A/S
CVR 2916870915% to under 20% of capital and 20% to under 25% of votes
- 2150 ApS
  CVR 41911158100% of capital and votes
- Komplementarselskabet NREP NSF IV Investment ApS
  CVR 41475374100% of capital and votes
- Komplementarselskabet NREP NSF V Investment ApS
  CVR 42648388100% of capital and votes
- Komplementarselskabet UP NSF VI Investment ApS
  CVR 45148726100% of capital and votes
- Komplementarselskabet UPRF I Investment ApS
  CVR 46412621100% of capital and votes
- And 20 more, listed on the page of Urban Partners A/S.

Found by searching the CVR owner register (ejerregister) for Two Degrees UP ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Former holdings (4)

Hybird-Systems ApS
CVR 4382128810% to under 15% of capital and votes7 May 2024 to 7 May 2024
Itinnera Solutions ApS
CVR 4386700833.3% to under 50% of capital and votes7 May 2024 to 7 May 2024
Kvantify ApS
CVR 4295809315% to under 20% of capital and votes7 May 2024 to 7 May 2024
NBL Invest ApS
CVR 4154370133.3% to under 50% of capital7 May 2024 to 7 May 2024

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 2 companies; legal owners in the CVR owner register only. Dandex estimate, rule v2, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): 2 to 10 yearsControlled by a person for 3.9 years, from the latest day an owner in the control chain took control. Dandex estimate, rule v2, computed 10 Nov 2026.
Group position (Koncernforhold): Has a parent, and a majority holding in one or more Danish companiesControlled by a company in CVR; it holds 50% or more of 2 Danish companies. Dandex estimate, rule v1, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): No single class of assets is half of the totalNo class of assets is half of the total in the 2025 report. Dandex estimate, rule v1, computed 10 Nov 2026.
Signing authority, structured (Tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (3)

Mikkel Bülow-LehnsbyExecutive board since 31 Dec 2022
Jeppe Bülow-LehnsbyExecutive board since 19 Oct 2023
Steen SønderbyExecutive board since 31 Dec 2022

Former (1)

Clive William EleyExecutive board 19 Oct 2023 to 11 Feb 2025

Network

Roles Over Time

Mikkel Bülow-Lehnsby: Executive board, 31 Dec 2022 to today.
Steen Sønderby: Executive board, 31 Dec 2022 to today.
Jeppe Bülow-Lehnsby: Executive board, 19 Oct 2023 to today.

31 Dec 2022 to 10 Nov 2026.

Former (1)

Clive William Eley: Executive board, 19 Oct 2023 to 11 Feb 2025.

19 Oct 2023 to 10 Nov 2026.

Executive board (Direktion)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2023	2024	2025
Gross profit	-50	-2,858	-4,115
Result for the year	-54	+46,648	+1,625
Equity	908	234,213	290,839
Total assets	1,211	234,290	290,839
Employees (average)	Not reported	0	3
Credit metrics (Dandex calculations)
Employee growth (vækst i antal ansatte)	Not reported^{note 1}	n.m.^{note 2}	0%
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-249^{note 3}	-519^{note 3}	-29^{note 3}
Interest coverage (rentedækning)	-13x^{note 4}	0.4x^{note 4}	-3.6x^{note 4}
Adjusted equity ratio (justeret soliditetsgrad)	75%^{note 5}	100%^{note 5}	100%^{note 5}
ROIC (afkast af investeret kapital)	Not reported^{note 6}	2.5%^{note 7}	-1.1%^{note 8}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	15^{note 3}	-56,245^{note 3}	-123,618^{note 3}

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. No cash flow statement filed (class A and B are exempt).

1 no average employee figure in the annual report (ESEF reports carry none); the registry's monthly headcount is in company-profile
2 n.m.: the year before is not positive
3 no interest-bearing debt reported
4 Dandex estimate: EBIT rebuilt from profit before tax and financial items
5 Dandex estimate: no intangible or deferred tax assets to deduct
6 no figures for the year before
7 Dandex estimate: EBIT rebuilt from profit before tax and financial items; no interest-bearing debt reported
8 Dandex estimate: EBIT rebuilt from profit before tax and financial items; statutory 22% used: profit before tax not positive; no interest-bearing debt reported

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 9 Jul 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 4 Jul 2025
PDF
Annual report 2023
31 Dec 2022 to 31 Dec 2023, published 15 Mar 2024
PDF

Financials

Changes

All changes

8 Jul 2026
Ownership change
Two Degrees UP ApS (CVR 43839314) har foretaget ejerskifte pr. 8. juli 2026: 1 indtrådt.
19 Oct 2023
Director change
Two Degrees UP ApS (CVR 43839314) har foretaget direktørskifte pr. 19. oktober 2023: 2 indtrådt.
31 Dec 2022
Director change
Two Degrees UP ApS (CVR 43839314) har foretaget direktørskifte pr. 31. december 2022: 2 indtrådt.

Changes

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af den administrerende direktør, to direktører i forening, eller den samlede direktion.since 20 Oct 2023
Purpose (Formål): Selskabets formål er at fungere som holdingselskab ved via datterselskaber og/eller associerede selskaber (i) at eje og administrere fast ejendom, (ii) at drive investeringsvirksomhed ved køb, salg og besiddelse af kapitalandele eller værdipapirer, samt (iii) anden virksomhed som efter direktionens skøn er beslægtet hermed.since 6 May 2024
Audit opted out (Revision fravalgt): Nosince 31 Dec 2022
Articles of association last changed (Seneste vedtægtsdato): 1 Jul 2026
Share classes (Kapitalklasser): Yessince 25 Sep 2025
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 31 Dec 2022
Anti-money-laundering act (Hvidvaskloven): Not covered (Ikke omfattet)since 9 Feb 2023

Share Capital

Each registered value from the day it took effect, newest first.

25 Sep 20251,315,215 DKK+55,847
7 May 20241,259,368 DKK+1,159,368
31 Dec 2022100,000 DKKEarliest in CVR

Mergers and Demergers

31 Dec 2022
Demerger (Spaltning), as the receiving company (Modtagende selskab)
- TBL HOLDING ApSCVR 28979029, demerged company, active
- Doughnut Capital UP ApSCVR 43839322, receiving company, dissolved after merger

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

9 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

8 Jul 2026
Other
Vedtægter ændret: 01.07.2026
25 Sep 2025
Capital change
Vedtægter ændret: 25.09.2025
Kapitalforhøjelsen er besluttet den 25.09.2025.
kr. 55.847,00, indbetalt kontant, kurs 98.483,35.
Kapitalen udgør herefter kr. 1.315.215,00.
24 Sep 2025
Other
Vedtægter ændret: 19.09.2025
13 Jun 2025
Other
Vedtægter ændret: 30.05.2025
18 Feb 2025
People change
Direktion:
Fratrådte:
Clive William Eley, den 11.02.2025.
7 May 2024
Capital change
Vedtægter ændret: 07.05.2024
Kapitalforhøjelsen er besluttet den 07.05.2024.
kr. 259.368,00, indbetalt kontant, kurs 94.266,84.
Kapitalen udgør herefter kr. 1.259.368,00.
Kapitalen er opdelt i klasser.
7 May 2024
Capital change
Vedtægter ændret: 07.05.2024
Kapitalforhøjelsen er besluttet den 07.05.2024.
kr. 900.000,00, indbetalt i værdier, kurs 1.463,09.
Kapitalen udgør herefter kr. 1.000.000,00.
Formål ændret: Selskabets formål er at fungere som holdingselskab ved via datterselskaber og/eller associerede selskaber (i) at eje og administrere fast ejendom, (ii) at drive investeringsvirksomhed ved køb, salg og besiddelse af kapitalandele eller værdipapirer, samt (iii) anden virksomhed som efter direktionens skøn er beslægtet hermed.
20 Oct 2023
People change
Vedtægter ændret: 19.10.2023
Direktion:
Fratrådte:
Mikkel Bülow-Lehnsby, den 19.10.2023.
Tiltrådte:
Jeppe Bülow-Lehnsby, den 19.10.2023, Mikkel Bülow-Lehnsby, (adm. dir), den 19.10.2023, Clive William Eley, den 19.10.2023.
Selskabet tegnes af den administrerende direktør, to direktører i forening, eller den samlede direktion.
9 Feb 2023
Merger or demerger completed
Erhvervsstyrelsen har modtaget oplysning om, at der er truffet beslutning om nedenstående spaltning. Kapitalejerne har i enighed besluttet, at der ikke skal udarbejdes en spaltningsplan. Der er endvidere modtaget erklæring fra vurderingsmændene om, at kreditorerne i de deltagende virksomheder må antages at være tilstrækkeligt sikrede efter spaltningen.
Virksomheden er d. 31.12.2022 opstået efter spaltning. Aktiver og gæld er overdraget fra CVR-nummer: 28979029 TBL HOLDING ApS.
Seneste vedtægtsdato: 31.12.2022.
Kapital:
kr. 100.000,00.
Kapitalklasser: Nej
Show the full announcement
Indbetalingsmåde: Indbetalt ved spaltning kr. 100.000,00 til kurs 962,01, fuldt indbetalt.
Direktion:
Mikkel Bülow-Lehnsby, den 31.12.2022, Steen Sønderby, den 31.12.2022.
Selskabet tegnes af en direktør
Revision:
CVR-NR. 33771231 PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, Strandvejen 44, 2900 Hellerup, den 31.12.2022.
Første regnskabsår:
31.12.2022 - 31.12.2023.
Regnskabsår:
01.01 - 31.12.
Formål:
Selskabets formål er at fungere som holdingselskab ved via datterselskaber og/eller associerede selskaber (i) at eje og administrere fast ejendom, (ii) at drive investeringsvirksomhed ved køb, salg og besiddelse af kapitalandele eller værdipapirer, samt (iii) anden virksomhed som efter direktionens skøn er beslægtet hermed. Selskabet har endvidere til formål at uddele midler til almenvelgørende eller på anden måde almennyttige formål. Selskabet kan herudover foretage passiv kapitalanbringelse.

Registrations (Registreringer)

Registration

Address: Højmarkvej 26
8270 Højbjerg
Aarhus Municipality
CVR record last changed: 8 Jul 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

Two Degrees UP ApS
P-number 1029009372Højmarkvej 26, 8270 Højbjerg

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Headcount

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Control Chain

Owned Companies

Dandex Estimates

People

Current (3)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Changes

Registry Facts

Share Capital

Mergers and Demergers

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Owned Companies

Dandex Estimates

Current (3)

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Changes

Registry Facts

Share Capital

Mergers and Demergers

Registrations (Registreringer)

Production Units

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies