TIME SELECT ApS

CVR 31582512 · Private limited company (ApS) · Active · Low risk

TIME SELECT ApS is a Private limited company (ApS), founded on , based in Risskov. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 17 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 324k and a net result of DKK -1,401. CEO: Torben Hartvigsen, Marianne Hartvigsen.

Bankruptcy risk for TIME SELECT 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×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×

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
31582512
Status
Active
Company type
Private limited company (ApS)
Founded
(18 years)
Address
c/o Torben Hartvigsen, Jacob Adelborgs Allé 50
8240 Risskov
Municipality
Aarhus
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 125k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 17
Missing annual reportNo
Negative equityNo
Equity ratio70.3%
Current ratio275%
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 year20252024
Gross profitDKK -8,530DKK -9,758
Net profitDKK -1,401DKK 6,168
EquityDKK 324kDKK 325k
Total assetsDKK 461kDKK 458k
CashDKK 1,352–
Short-term debtDKK 137k–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025113
1 Jul 2023 – 30 Jun 2024105
1 Jul 2022 – 30 Jun 2023113
1 Jul 2021 – 30 Jun 2022138
1 Jul 2020 – 30 Jun 202182
1 Jul 2019 – 30 Jun 2020113
1 Jul 2018 – 30 Jun 2019123
1 Jul 2017 – 30 Jun 2018130
1 Jul 2016 – 30 Jun 2017112
1 Jul 2015 – 30 Jun 201699
1 Jul 2014 – 30 Jun 2015134
1 Jul 2013 – 30 Jun 2014150
1 Jul 2012 – 30 Jun 201399
1 Jul 2011 – 30 Jun 2012153
1 Jul 2010 – 30 Jun 201184
1 Jul 2009 – 30 Jun 2010165
30 Jun 2008 – 30 Jun 2009159

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
CEOTorben HartvigsenCurrent
CEOMarianne HartvigsenCurrent
Owner (100%)ApS KBUS 8 NR. 4493Current
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderTorben HartvigsenCurrent
FounderMarianne HartvigsenCurrent

The CEOs' other companies

Torben Hartvigsen – 55 other companies, of which 3 bankrupt

Marianne Hartvigsen – 8 other companies, of which 1 bankrupt

Address history (2 moves)

c/o Torben Hartvigsen, Jacob Adelborgs Allé 50, 8240 Risskov
c/o Torben Hartvigsen, Kystvejen 43, 3., 8000 Aarhus C
c/o Torben Hartvigsen, Flakvej 17, 8240 Risskov

Other companies at the same address

Similar companies in Aarhus

Questions and answers about TIME SELECT ApS

Has TIME SELECT ApS gone bankrupt?

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

What is the bankruptcy risk of TIME SELECT 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 TIME SELECT ApS?

Torben Hartvigsen, Marianne Hartvigsen are the CEOs of TIME SELECT ApS.

Who is the auditor of TIME SELECT ApS?

TIME SELECT ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was TIME SELECT ApS founded?

TIME SELECT ApS was founded on 30 June 2008.

What is the equity of TIME SELECT ApS?

Equity was DKK 324k according to the annual report for the period ending 30 June 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.