R & R TIME GROUP A/S

CVR 10025818 · Public limited company (A/S) · Being reinstated · Medium risk

R & R TIME GROUP A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 15 annual reports have been published, of which 4 more than six months after the end of the financial year. The latest annual report (31 Dec 2014) shows equity of DKK -5.8m and a net result of DKK 108.8m.

Bankruptcy risk for R & R TIME GROUP A/S

2.3%
probability of bankruptcy within 12 months
Medium risk

1.6 × the average (1.41%) · higher risk than 84% of active Danish companies

Lowest riskHighest risk

Increases the risk

Registered owners0 · bankruptcy rate 51.4%5.8×
Missing annual report (overdue)Yes · bankruptcy rate 35.2%4.0×
Qualification / emphasis of matterYes · bankruptcy rate 29.3%3.3×
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×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Number of CEOs0 · bankruptcy rate 12.7%1.4×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
10025818
Status
Being reinstated
Company type
Public limited company (A/S)
Founded
(26 years)
Address
Sundkrogsgade 21
2100 København Ø
Municipality
København
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 2.2m
Employees
0 (2001)
Auditor
REDMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late5 of 15
Missing annual reportYes
Negative equityYes
Equity ratio-5,866.9%
Current ratio2%
Moves (last 2 years)0
CEO changes in total6
CEO's previous bankruptcies0
Other companies at the address472
Going-concern uncertaintyYes

Financials and key figures

Financial year20142013
Gross profitDKK 109.0mDKK -285k
Net profitDKK 108.8mDKK 768k
EquityDKK -5.8mDKK -114.6m
Total assetsDKK 99kDKK 40.2m
CashDKK 99k–
Short-term debtDKK 5.9m–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · REDMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2014 – 31 Dec 2014173
1 Jan 2013 – 31 Dec 2013156
1 Jan 2012 – 31 Dec 2012183
1 Jan 2011 – 31 Dec 2011180
1 Jan 2010 – 31 Dec 2010184 Late
1 Jan 2009 – 31 Dec 2009182
1 Jan 2008 – 31 Dec 2008165
1 Jan 2007 – 31 Dec 2007171
1 Jan 2006 – 31 Dec 2006184 Late
1 Jan 2005 – 31 Dec 2005171
1 Jan 2004 – 31 Dec 2004177
1 Jan 2003 – 31 Dec 2003172
1 Jan 2002 – 31 Dec 2002188 Late
1 Jan 2001 – 31 Dec 2001211 Late
20 May 2000 – 31 Dec 2000182

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
CEOPeter Andreas Stakemann
CEOPeter Harry Krag
CEOPoul Lund Christensen
CEOBertil Bak Wogensen
BoardKim Madsen
BoardPeter Andreas Stakemann
BoardAnnemette Heller
BoardPeter Harry Krag
BoardPeter Villumsen
BoardBob Hot Hoi Chong
BoardGabriele Guidi
BoardAna Greta Mengs y Jacobsen
BoardPhilippe Maurice Binetruy
BoardPoul Lund Christensen
BoardBertil Bak Wogensen
Owner (90%)CNC Corporation
AuditorERNST & YOUNG DENMARK P/S
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
AuditorJan Flemming Moldrup
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
FounderANPARTSSELSKABET STAKEMANN

The CEOs' other companies

Peter Andreas Stakemann – 54 other companies, of which 54 bankrupt

Peter Harry Krag – 52 other companies, of which 14 bankrupt

Poul Lund Christensen – 48 other companies, of which 4 bankrupt

Bertil Bak Wogensen – 56 other companies, of which 13 bankrupt

Address history (3 moves)

Sundkrogsgade 21, 2100 København Ø
c/o Harbour House, Sundkrogsgade 21, 2100 København Ø
c/o Amicorp Denmark A/S, Dampfærgevej 3, 2., 2100 København Ø
c/o Advokatfirmaet Stakemann, Kronprinsessegade 18, 1306 København K

Former names

R & R TIME GROUP A/S – now
R & R TIME GROUP A/S –
A/S PSE 38 NR. 2161 –

Employees per year

Number of employees at R & R TIME GROUP A/S per year112001: 02001

Other companies at the same address

Similar companies in København

Questions and answers about R & R TIME GROUP A/S

Has R & R TIME GROUP A/S gone bankrupt?

No, R & R TIME GROUP A/S is not registered as bankrupt in the CVR register. Its status is: being reinstated.

What is the bankruptcy risk of R & R TIME GROUP A/S?

Our model estimates a bankruptcy risk of 2.3% over the next 12 months (medium risk), which is 1.6 times the average for Danish companies.

Who is the auditor of R & R TIME GROUP A/S?

R & R TIME GROUP A/S most recently used REDMARK STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was R & R TIME GROUP A/S founded?

R & R TIME GROUP A/S was founded on 20 May 2000.

What is the equity of R & R TIME GROUP A/S?

Equity was DKK -5.8m according to the annual report for the period ending 31 December 2014.

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