TIMESOLUTIONS A/S

CVR 30709810 · Public limited company (A/S) · Active · Low risk

TIMESOLUTIONS A/S is a Public limited company (A/S), founded on , based in Brøndby. The company is registered in the industry computerprogrammering. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 18 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 3.4m and a net result of DKK 144k.

Bankruptcy risk for TIMESOLUTIONS A/S

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

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
30709810
Status
Active
Company type
Public limited company (A/S)
Founded
(19 years)
Address
Park Allé 295, 1.
2605 Brøndby
Municipality
Brøndby
Industry
Computerprogrammering (621000)
Bankruptcies in the industry: Konsulentbistand vedrørende informationsteknologi
Share capital
DKK 4.5m
Employees
2 (2018)
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 18
Missing annual reportNo
Negative equityNo
Equity ratio42.2%
Current ratio75%
Moves (last 2 years)1
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address64
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 8.1mDKK 6.1mDKK 5.3m
Net profitDKK 144kDKK 151kDKK 1.2m
EquityDKK 3.4mDKK 3.2mDKK 2.6m
Total assetsDKK 8.0mDKK 7.0mDKK 7.7m
CashDKK 494k––
Short-term debtDKK 4.5mDKK 3.8m–
Avg. employees66–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Roesgaard.

Filed annual reports

Reporting periodPublishedDays after period end
1 Oct 2024 – 31 Dec 2025167
1 Oct 2023 – 30 Sep 2024107
1 Oct 2022 – 30 Sep 2023125
1 Oct 2021 – 30 Sep 2022175
1 Oct 2020 – 30 Sep 2021125
1 Oct 2019 – 30 Sep 2020162
1 Oct 2018 – 30 Sep 2019165
1 Oct 2017 – 30 Sep 2018145
1 Oct 2016 – 30 Sep 2017149
1 Oct 2015 – 30 Sep 2016165
1 Oct 2014 – 30 Sep 2015146
1 Oct 2013 – 30 Sep 2014146
1 Jul 2012 – 30 Jun 2013171
1 Jul 2011 – 30 Jun 2012180
1 Jul 2010 – 30 Jun 2011179
1 Jul 2009 – 30 Jun 2010173
1 Jul 2008 – 30 Jun 2009170
29 Jun 2007 – 30 Jun 2008175

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
CEOAsbjørn Kleve Riise
CEOThorkild Eriksen
CEOHolger Torkild Foss
BoardClaus Hovge AndersenCurrent
BoardJesper UlstedCurrent
BoardRasmus MandrupCurrent
BoardThorbjørn Helmo Madsen
BoardAsbjørn Kleve Riise
BoardChristian Lundgaard
BoardKlaus Elkjær Rasmussen
BoardJens Sørensen
BoardJohn Hansen
BoardAsbjørn Kleve Riise
BoardJens Sørensen
BoardMichael Johnny Pedersen
BoardChristian Lanng Nielsen
Owner (100%)VLRS GRP A/SCurrent
Owner (67%)NEXT A/S
Owner (25%)HELMO INVEST ApS
Owner (67%)NEXT A/S
Owner (10%)4ING ApS
Owner (67%)NEXT A/S
Owner (10%)LEAN CONTROLLING ApS
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorTA P/S
AuditorNyberg & Nielsen ejendomsudlejning I/S
AuditorVerum Cura
AuditorVerum Cura, Godkendt Revisionsanpartsselskab
FounderNEXT A/SCurrent

The CEOs' other companies

Asbjørn Kleve Riise – 21 other companies, of which 3 bankrupt

Thorkild Eriksen – 3 other companies

Holger Torkild Foss – 10 other companies, of which 1 bankrupt

Address history (3 moves)

Park Allé 295, 1., 2605 Brøndby
Park Allé 295, 2., 2605 Brøndby
Falkoner Alle 1, 6., 2000 Frederiksberg
Hørkær 20, 2730 Herlev

Former names

TIMESOLUTIONS A/S – now
TIMESOLUTION A/S –
NEXTTIME A/S –

Employees per year

Number of employees at TIMESOLUTIONS A/S per year122007: 120072008: 120082009: 020092017: 120172018: 22018

Other companies at the same address

Similar companies in Brøndby

Questions and answers about TIMESOLUTIONS A/S

Has TIMESOLUTIONS A/S gone bankrupt?

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

What is the bankruptcy risk of TIMESOLUTIONS A/S?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the auditor of TIMESOLUTIONS A/S?

TIMESOLUTIONS A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was TIMESOLUTIONS A/S founded?

TIMESOLUTIONS A/S was founded on 29 June 2007.

What is the equity of TIMESOLUTIONS A/S?

Equity was DKK 3.4m 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.