TIMCO ELECTRONIC ApS

CVR 26910625 · Private limited company (ApS) · Active · Low risk

TIMCO ELECTRONIC ApS is a Private limited company (ApS), founded on , based in Sønderborg. The company is registered in the industry fremstilling af instrumenter og udstyr til måling, afprøvning og navigation. 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. The latest annual report (31 Dec 2025) shows equity of DKK 739k and a net result of DKK 70k. CEO: Michael Søe Andersen.

Bankruptcy risk for TIMCO ELECTRONIC 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

Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
26910625
Status
Active
Company type
Private limited company (ApS)
Founded
(23 years)
Address
Kærvej 98
6400 Sønderborg
Municipality
Sønderborg
Industry
Fremstilling af instrumenter og udstyr til måling, afprøvning og navigation (265100)
Bankruptcies in the industry: Fremstilling af udstyr til måling, afprøvning, navigation og kontrol
Share capital
DKK 300k
Employees
6 (2018)
Auditor
Sønderjyllands Revision, Statsautoriseret revisionsaktieselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 23
Missing annual reportNo
Negative equityNo
Equity ratio64.2%
Current ratio266%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address8
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 1.7mDKK 1.6m
Net profitDKK 70kDKK -143k
EquityDKK 739kDKK 669k
Total assetsDKK 1.2mDKK 1.1m
CashDKK 346k–
Short-term debtDKK 412k–
Avg. employees3–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Sønderjyllands Revision, Statsautoriseret revisionsaktieselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202533
1 Jan 2024 – 31 Dec 202437
1 Jan 2023 – 31 Dec 202336
1 Jan 2022 – 31 Dec 202230
1 Jan 2021 – 31 Dec 202125
1 Jan 2020 – 31 Dec 202035
1 Jan 2019 – 31 Dec 201928
1 Jan 2018 – 31 Dec 2018127
1 Jan 2017 – 31 Dec 2017161
1 Jan 2016 – 31 Dec 2016170
1 Jan 2015 – 31 Dec 2015169
1 Jan 2014 – 31 Dec 2014155
1 Jan 2013 – 31 Dec 2013155
1 Jan 2012 – 31 Dec 2012180
1 Jan 2011 – 31 Dec 2011114
1 Jan 2010 – 31 Dec 201037
1 Jan 2009 – 31 Dec 200977
1 Jan 2008 – 31 Dec 200868
1 Jan 2007 – 31 Dec 2007168
1 Jan 2006 – 31 Dec 2006176

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 Søe AndersenCurrent
Owner (100%)TIMCO HOLDING ApSCurrent
AuditorERNST & YOUNG DENMARK P/S
AuditorEPAS INVEST SØNDERBORG A/S
AuditorKenneth Schmidt
AuditorDANSK REVISION SØNDERBORG GODKENDT REVISIONSANPARTSSELSKAB
FounderANPARTSSELSKABET STAKEMANNCurrent

The CEOs' other companies

Michael Søe Andersen – 4 other companies

Address history (3 moves)

Kærvej 98, 6400 Sønderborg
Møllegade 44, 6430 Nordborg
Møllegade 44, 6430 Nordborg
Kronprinsessegade 18, 1306 København K

Former names

TIMCO ELECTRONIC ApS – now
ApS KBUS 38 NR. 5162 –

Employees per year

Number of employees at TIMCO ELECTRONIC ApS per year362011: 620112012: 420122013: 420132014: 420142015: 420152016: 520162017: 520172018: 62018

Other companies at the same address

Similar companies in Sønderborg

Questions and answers about TIMCO ELECTRONIC ApS

Has TIMCO ELECTRONIC ApS gone bankrupt?

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

What is the bankruptcy risk of TIMCO ELECTRONIC 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 TIMCO ELECTRONIC ApS?

Michael Søe Andersen is the CEO of TIMCO ELECTRONIC ApS.

Who is the auditor of TIMCO ELECTRONIC ApS?

TIMCO ELECTRONIC ApS most recently used Sønderjyllands Revision, Statsautoriseret revisionsaktieselskab.

When was TIMCO ELECTRONIC ApS founded?

TIMCO ELECTRONIC ApS was founded on 5 December 2002.

What is the equity of TIMCO ELECTRONIC ApS?

Equity was DKK 739k 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.