TIMBER WORKWEAR ApS

CVR 19249999 · Private limited company (ApS) · Active · Low risk

TIMBER WORKWEAR ApS is a Private limited company (ApS), founded on , based in Kokkedal. The company is registered in the industry engroshandel med beklædning. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 386k and a net result of DKK 137k. CEO: Michael Gjerding, Henrik Stjerne Klitgaard.

Bankruptcy risk for TIMBER WORKWEAR ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

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×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Negative equityNo · 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
19249999
Status
Active
Company type
Private limited company (ApS)
Founded
(30 years)
Address
Kokkedal Industripark 38
2980 Kokkedal
Municipality
Fredensborg
Industry
Engroshandel med beklædning (464210)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 210k
Employees
2 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late8 of 30
Missing annual reportNo
Negative equityNo
Equity ratio8.0%
Current ratio134%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 390kDKK 407kDKK 447k
Net profitDKK 137kDKK 72kDKK 35k
EquityDKK 386kDKK 249kDKK 177k
Total assetsDKK 4.8mDKK 4.7mDKK 4.3m
CashDKK 319kDKK 59k–
Short-term debtDKK 3.2mDKK 3.2m–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025108
1 Jan 2024 – 31 Dec 2024162
1 Jan 2023 – 31 Dec 2023177
1 Jan 2022 – 31 Dec 2022165
1 Jan 2021 – 31 Dec 2021151
1 Jan 2020 – 31 Dec 2020187 Late
1 Jan 2019 – 31 Dec 2019245 Late
1 Jan 2018 – 31 Dec 2018177
1 Jan 2017 – 31 Dec 2017163
1 Jan 2016 – 31 Dec 2016153
1 Jan 2015 – 31 Dec 2015186 Late
1 Jan 2014 – 31 Dec 2014181
1 Jan 2013 – 31 Dec 2013161
1 Jan 2012 – 31 Dec 2012181
1 Jan 2011 – 31 Dec 2011171
1 Jan 2010 – 31 Dec 2010159
1 Jan 2009 – 31 Dec 2009167
1 Jan 2008 – 31 Dec 200897
1 Jan 2007 – 31 Dec 2007164
1 Jan 2006 – 31 Dec 2006168

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
CEOMichael GjerdingCurrent
CEOHenrik Stjerne KlitgaardCurrent
BoardMichael GjerdingCurrent
BoardHenrik Stjerne KlitgaardCurrent
BoardPeter Gjerding
BoardFlemming Hartig
Owner (100%)GJERDING & KLITGAARD HOLDING ApSCurrent
AuditorPAO, KØBENHAVN A/S
AuditorPricewaterhouseCoopers, Statsautoriseret Revisionsinteressentskab
AuditorPETER HVIID STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBEIERHOLM, STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorBeierholm Godkendt Revisionspartnerselskab
AuditorMA Revision, Statsautoriserede revisorer v/Michael Andersen
AuditorM2&Co., STATSAUTORISERET REVISIONSAKTIESELSKAB
FounderMichael GjerdingCurrent
FounderHenrik Stjerne KlitgaardCurrent

The CEOs' other companies

Michael Gjerding – 3 other companies

Henrik Stjerne Klitgaard – 3 other companies

Address history (2 moves)

Kokkedal Industripark 38, 2980 Kokkedal
Kokkedal Industripark 38, 2980 Kokkedal
Kokkedal Industripark 38, 2980 Kokkedal

Former names

TIMBER WORKWEAR ApS – now
TRANS CANADA ApS –

Employees per year

Number of employees at TIMBER WORKWEAR ApS per year242011: 420112012: 020122013: 220132014: 220142015: 420152016: 420162017: 220172018: 22018

Other companies at the same address

Similar companies in Fredensborg

Questions and answers about TIMBER WORKWEAR ApS

Has TIMBER WORKWEAR ApS gone bankrupt?

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

What is the bankruptcy risk of TIMBER WORKWEAR ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of TIMBER WORKWEAR ApS?

Michael Gjerding, Henrik Stjerne Klitgaard are the CEOs of TIMBER WORKWEAR ApS.

When was TIMBER WORKWEAR ApS founded?

TIMBER WORKWEAR ApS was founded on 15 March 1996.

What is the equity of TIMBER WORKWEAR ApS?

Equity was DKK 386k 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.