GEPE ApS

Denmark · owned by Troensegaard Jensen Invest ApS (Denmark) · gepeinvest.dk · 14 vendors

GEPE Invest is a Danish family-owned business angel and early-stage investment firm that has been investing in and supporting startups since 2019. It focuses on pre-seed investments in Danish tech startups and growth companies, with ticket sizes ranging from DKK 100,000 to 500,000. The firm is led by Peter Troensegaard Jensen, who takes an active role as a board member and advisor, assisting portfolio companies with business development and commercial strategy.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-15 · revision 24

14 direct vendors, 233 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 6/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

GEPE ApS demonstrates medium migration readiness. A significant advantage is the almost non-existent 'Internal Tech Stack' and 'Key Technologies', meaning there is very little legacy infrastructure to migrate. This drastically reduces technical complexity and effort required for any potential migration. The company's strong financial growth (gross profit from DKK 2.83M to DKK 6.97M) provides ample financial capacity to fund migration initiatives. While 'Total Vendors: 0' is stated, implying minimal formal vendor lock-in for core internal systems, the reliance on an undisclosed 'hosting provider' and 'US-based services (LinkedIn, cloud tools, email)' introduces implicit dependencies with unknown contract terms and potential migration complexities. The primary challenges for migration readiness stem from the complex regulatory environment. 'Assessment Required' statuses for Danish Capital Markets/Investment Firm Regulation (High risk), EU AMLD (High risk), GDPR (Medium risk), and Danish Company Law (Medium risk) mean that any migration must carefully consider and potentially address these compliance gaps, adding significant legal and operational overhead. Data residency requirements under GDPR Chapter V and potential Finanstilsynet record-keeping rules impose constraints on where data can be hosted, complicating the selection of new providers or cloud regions. Finally, the very small workforce (1 employee) limits internal capacity to plan and execute a complex migration project effectively.

Compliance

3 in-scope frameworks identified; showing 3.

Danish AML Act — Assessment Required

The Danish AML Act explicitly applies to real estate companies, including when they act as intermediaries in connection with the rental of real estate.

The real estate sector is recognized as a high-risk area for money laundering. Non-compliance with the Danish AML Act (Hvidvaskloven) can result in severe penalties, including large fines and reputational damage. The obligation to perform customer due diligence on tenants is a significant compliance burden.

Evidence: https://red.dk/en/om-os/hvidvaskloven/, https://ezine.eversheds-sutherland.com/global-aml-guide/denmark, https://ring3erhverv.dk/hvidvaskloven/, https://www.retsinformation.dk/eli/lta/2020/380, https://www.de.dk/viden-radgivning/om-hvidvask, https://www.retsinformation.dk/eli/lta/2022/316

Erhvervslejeloven — Assessment Required

This Danish law directly governs the leasing of commercial properties, which is the stated business of GEPE ApS (CVR 34049297).

As the core regulation for GEPE ApS's business of leasing commercial properties, non-compliance with the Danish Commercial Leases Act could lead to disputes with tenants, invalid lease agreements, and financial loss. The complexity of the law makes compliance a key operational risk.

Evidence: https://en.wikipedia.org/wiki/Privacy, https://cpherhverv.dk/hvidvaskloven/, https://www.retsinformation.dk/eli/lta/2018/1218, https://www.gep.com/docs/legal/privacy.html, https://globallawexperts.com/commercial-lease-law-in-denmark-practical-guide-to-erhvervslejeloven-in-2026/, https://www.ashtonslegal.co.uk/insights/business-news/commercial-landlords-duties-and-legal-obligations/

GDPR (source) — Assessment Required

The company is established in Denmark, an EU member state, and therefore processes personal data of employees and customers (tenants), making GDPR applicable.

As a company established in the EU, GEPE ApS processes personal data of employees, tenants (who can be natural persons), and business contacts. Non-compliance can lead to fines. The risk is medium as the volume of sensitive personal data is likely limited.

Financials

Three-year financials

Financial Resilience Score: 7/10

GEPE ApS demonstrates strong balance-sheet resilience for a small Danish family holding company. Equity has grown consistently from DKK 31.0M in 2022 to DKK 35.5M in 2025, and reported historical ratios show a liquidity ratio of 213% ('Meget god') and solvency ratio of 30% ('God'). The company is audited by Piaster Revisorerne despite being a small Class B entity, indicating governance maturity, and it operates with zero payroll employees, minimizing fixed-cost exposure. FY2025 was the strongest operating year in the recent series with EBIT of DKK 6.02M (+37.8% YoY) and gross profit of DKK 6.97M (+35.6% YoY). However, resilience is tempered by revenue opacity (Class B reporting hides top-line), volatile net profit that dropped from DKK 2.05M in 2023 to DKK 414K in 2024 before recovering to DKK 747K in 2025, and a wide gap between EBIT and net profit suggesting large below-the-line items such as financial expenses or fair-value adjustments on the pre-seed venture portfolio. Concentration in illiquid asset classes (commercial real estate and early-stage startups), small absolute scale (DKK 35.5M equity), and key-person dependency on the two director-owners further constrain the resilience score.

Key strengths: Equity grew from DKK 31.0M (2022) to DKK 35.5M (2025), Liquidity ratio 213% ('Meget god'), Solvency ratio 30% ('God'), Audited accounts by Piaster Revisorerne despite small ApS status, Zero payroll employees minimizes fixed costs, FY2025 EBIT +37.8% YoY to DKK 6.02M, Long-established family-owned patient capital since 2011

Risk factors: Revenue not disclosed under Class B reporting, Volatile net profit (DKK 2.05M → 0.41M → 0.75M across 2023-2025), Large gap between EBIT and net profit indicates below-line volatility, Concentration in illiquid assets (real estate + pre-seed startups), Small absolute scale limits shock absorption, Key-person risk on two director-owners, 100% Denmark geographic exposure

Revenue by geography

Workforce by country

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