TIME CONSTRUCTION A/S

CVR 30719123 · Public limited company (A/S) · Active · Medium risk

TIME CONSTRUCTION A/S is a Public limited company (A/S), founded on , based in Odder. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 2.3% over the next 12 months, which is 1.6 times the average for Danish companies. 18 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 -1.5m and a net result of DKK -1.2m. CEO: Henning Farre Vestergaard.

Bankruptcy risk for TIME CONSTRUCTION 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

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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Employees (latest year)2–5 · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
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×
Auditor registered in CVRYes · 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
30719123
Status
Active
Company type
Public limited company (A/S)
Founded
(19 years)
Address
c/o Henning Farre Vestergaard, Rønhøjs Ager 44
8300 Odder
Municipality
Odder
Industry
Gennemførelse af byggeprojekter (681200)
Bankruptcies in the industry: Opførelse af bygninger
Share capital
DKK 1.5m
Employees
2 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late4 of 18
Missing annual reportNo
Negative equityYes
Equity ratio-55.8%
Current ratio72%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
RevenueDKK 526kDKK 1.9mDKK 597k
Gross profitDKK -326kDKK 1.3mDKK -1.9m
Net profitDKK -1.2mDKK 410kDKK -3.0m
EquityDKK -1.5mDKK -251kDKK -661k
Total assetsDKK 2.6mDKK 3.0mDKK 4.2m
CashDKK 611kDKK 966k–
Short-term debtDKK 3.7mDKK 2.6m–
Avg. employees22–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024182
1 Jan 2023 – 31 Dec 2023180
1 Jan 2022 – 31 Dec 2022180
1 Jan 2021 – 31 Dec 2021192 Late
1 Jan 2020 – 31 Dec 2020186 Late
1 Jan 2019 – 31 Dec 2019258 Late
1 Jan 2018 – 31 Dec 2018170
1 Jan 2017 – 31 Dec 2017170
1 Jan 2016 – 31 Dec 2016160
1 Jan 2015 – 31 Dec 2015182
1 Jan 2014 – 31 Dec 2014170
1 Jan 2013 – 31 Dec 2013156
1 Jan 2012 – 31 Dec 2012143
1 Jan 2011 – 31 Dec 2011164
1 Jan 2010 – 31 Dec 2010138
1 Jan 2009 – 31 Dec 2009160
12 Jul 2007 – 31 Dec 200862

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
CEOHenning Farre VestergaardCurrent
CEOSten Faarup Andersen
BoardHenning Farre VestergaardCurrent
BoardRune Vestergaard BorritsCurrent
BoardAnders Vestergaard BorritsCurrent
BoardJon Søberg
BoardIb Allan Jakobsen
BoardSten Faarup Andersen
BoardKurt Mikkelsen
BoardErik Sindberg
BoardKatty Busack
BoardRune Vestergaard Borrits
Owner (100%)TIME GROUP A/SCurrent
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorK P M G C JESPERSEN ÅRHUS I/S
FounderTIME GROUP A/SCurrent

The CEOs' other companies

Henning Farre Vestergaard – 3 other companies

Sten Faarup Andersen – 19 other companies, of which 2 bankrupt

Address history (3 moves)

c/o Henning Farre Vestergaard, Rønhøjs Ager 44, 8300 Odder
c/o Henning Farre Vestergaard, Fløjstrupvej 31, 8340 Malling
Ellemosen 1C, 8680 Ry
c/o Textil Print ApS, Strungesvej 6, 8680 Ry

Employees per year

Number of employees at TIME CONSTRUCTION A/S per year472011: 720112012: 620122013: 620132014: 620142015: 320152016: 220162017: 220172018: 22018

Other companies at the same address

Similar companies in Odder

Questions and answers about TIME CONSTRUCTION A/S

Has TIME CONSTRUCTION A/S gone bankrupt?

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

What is the bankruptcy risk of TIME CONSTRUCTION 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 CEO of TIME CONSTRUCTION A/S?

Henning Farre Vestergaard is the CEO of TIME CONSTRUCTION A/S.

Who is the auditor of TIME CONSTRUCTION A/S?

TIME CONSTRUCTION A/S most recently used EY Godkendt Revisionspartnerselskab.

When was TIME CONSTRUCTION A/S founded?

TIME CONSTRUCTION A/S was founded on 12 July 2007.

What is the equity of TIME CONSTRUCTION A/S?

Equity was DKK -1.5m 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.