TIMEGRIP A/S

CVR 25281462 · Public limited company (A/S) · Active · Low risk

TIMEGRIP A/S is a Public limited company (A/S), founded on , based in Aalborg SV. The company is registered in the industry anden udgivelse af software. 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 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 17.2m and a net result of DKK 16.2m.

Bankruptcy risk for TIMEGRIP A/S

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

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×

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
25281462
Status
Active
Company type
Public limited company (A/S)
Founded
(26 years)
Address
Vandmanden 10C
9200 Aalborg SV
Municipality
Aalborg
Industry
Anden udgivelse af software (582900)
Bankruptcies in the industry: Anden udgivelse af software
Share capital
DKK 510k
Employees
30 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 26
Missing annual reportNo
Negative equityNo
Equity ratio44.5%
Current ratio176%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address56
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 55.7mDKK 53.8m
Net profitDKK 16.2mDKK 16.7m
EquityDKK 17.2mDKK 7.0m
Total assetsDKK 38.7mDKK 27.3m
CashDKK 2.3m–
Short-term debtDKK 21.5m–
Avg. employees53–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202586
1 Jan 2024 – 31 Dec 202487
1 May 2022 – 30 Apr 2023184 Late
1 May 2021 – 30 Apr 2022122
1 May 2020 – 30 Apr 2021133
1 May 2019 – 30 Apr 2020148
1 May 2018 – 30 Apr 2019136
1 May 2017 – 30 Apr 2018156
1 May 2016 – 30 Apr 2017151
1 May 2015 – 30 Apr 2016152
1 May 2014 – 30 Apr 2015132
1 May 2013 – 30 Apr 2014153
1 May 2012 – 30 Apr 2013153
1 May 2011 – 30 Apr 2012126
1 May 2010 – 30 Apr 2011142
1 May 2009 – 30 Apr 201061
1 May 2008 – 30 Apr 2009158
1 May 2007 – 30 Apr 2008159
1 May 2006 – 30 Apr 2007154
1 May 2005 – 30 Apr 2006151

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
CEOHenrik Baasch
BoardRex Archard ClausagerCurrent
BoardMorten WeesgaardCurrent
BoardJosephus Carolus Maria EijkensCurrent
BoardEdvard Baasch
BoardPeter Frank Hansen
BoardHenrik Baasch
BoardErik Alfred Jensen
BoardKis Flindt
BoardHenrik Baasch
BoardRex Archard Clausager
BoardHenrik Baasch
BoardWessel Geoff Ploegmakers
BoardHans Charly Zwemstra
Owner (100%)Timegrip International ApSCurrent
Owner (100%)H. BAASCH HOLDING ApS
Owner (90%)H. Baasch ApS
Owner (10%)Cee3 Holding ApS
Owner (100%)Timegrip International ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB

The CEOs' other companies

Henrik Baasch – 22 other companies, of which 1 bankrupt

Address history (3 moves)

Vandmanden 10C, 9200 Aalborg SV
Vandmanden 10C, 9200 Aalborg SV
Indkildevej 6D, 1., 9210 Aalborg SØ
Nibevej 48, 9200 Aalborg SV

Former names

TIMEGRIP A/S – now
TIMEPLAN A/S –
SIMPLEX A/S –
ERHVERVSSERVICE NORD A/S –

Employees per year

Number of employees at TIMEGRIP A/S per year16322011: 1820112012: 2020122013: 2220132014: 2120142015: 2520152016: 2920162017: 3220172018: 302018

Other companies at the same address

Similar companies in Aalborg

Questions and answers about TIMEGRIP A/S

Has TIMEGRIP A/S gone bankrupt?

No, TIMEGRIP A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TIMEGRIP A/S?

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 auditor of TIMEGRIP A/S?

TIMEGRIP A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was TIMEGRIP A/S founded?

TIMEGRIP A/S was founded on 30 May 2000.

What is the equity of TIMEGRIP A/S?

Equity was DKK 17.2m 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.