TIMEFLY ApS

CVR 32570224 · Private limited company (ApS) · Active · High risk

TIMEFLY ApS is a Private limited company (ApS), founded on , based in København V. The company is registered in the industry anden distribution af medieindhold. Our model estimates a bankruptcy risk of 3.4% over the next 12 months, which is 2.4 times the average for Danish companies. 16 annual reports have been published, of which 8 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -261k and a net result of DKK -932. CEO: Jesper Ravnsgaard Larsen.

Bankruptcy risk for TIMEFLY ApS

3.4%
probability of bankruptcy within 12 months
High risk

2.4 × the average (1.41%) · higher risk than 88% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
32570224
Status
Active
Company type
Private limited company (ApS)
Founded
(16 years)
Address
c/o Jesper Ravnsgaard, Boyesgade 1, 2.
1622 København V
Municipality
København
Industry
Anden distribution af medieindhold (603900)
Bankruptcies in the industry: Webportaler
Share capital
DKK 129k
Audit opted out
Yes

Warning signs

Annual reports filed late8 of 16
Missing annual reportNo
Negative equityYes
Equity ratio-174.0%
Current ratio37%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address10
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -1,195DKK -745DKK -476
Net profitDKK -932DKK -584DKK -401
EquityDKK -261kDKK -261kDKK -260k
Total assetsDKK 150kDKK 150kDKK 150k
CashDKK 0DKK 0–
Short-term debtDKK 412kDKK 411k–

Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025171
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023197 Late
1 Jan 2022 – 31 Dec 2022194 Late
1 Jan 2021 – 31 Dec 2021181
1 Jan 2020 – 31 Dec 2020177
1 Jan 2019 – 31 Dec 2019221 Late
1 Jan 2018 – 31 Dec 2018149
1 Jan 2017 – 31 Dec 2017185 Late
1 Jan 2016 – 31 Dec 2016174
1 Jan 2015 – 31 Dec 2015193 Late
1 Jan 2014 – 31 Dec 2014197 Late
1 Jan 2013 – 31 Dec 2013190 Late
1 Jan 2012 – 31 Dec 2012182
1 Jan 2011 – 31 Dec 2011186 Late
18 Nov 2009 – 31 Dec 2010181

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
CEOJesper Ravnsgaard LarsenCurrent
Owner (90%)TIMEFLY HOLDING ApSCurrent
AuditorBrink Larse /Athos, Statsautoriseret Revisionsvirksomhed I/S
AuditorANKJÆR-JENSEN, STATSAUTORISEREDE REVISORER A/S
FounderTIMEFLY HOLDING ApSCurrent

The CEOs' other companies

Jesper Ravnsgaard Larsen – 5 other companies, of which 1 bankrupt

Address history (0 moves)

c/o Jesper Ravnsgaard, Boyesgade 1, 2., 1622 København V

Former names

TIMEFLY ApS – now
TIMEFLY DRIFT ApS –

Other companies at the same address

Similar companies in København

Questions and answers about TIMEFLY ApS

Has TIMEFLY ApS gone bankrupt?

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

What is the bankruptcy risk of TIMEFLY ApS?

Our model estimates a bankruptcy risk of 3.4% over the next 12 months (high risk), which is 2.4 times the average for Danish companies.

Who is the CEO of TIMEFLY ApS?

Jesper Ravnsgaard Larsen is the CEO of TIMEFLY ApS.

When was TIMEFLY ApS founded?

TIMEFLY ApS was founded on 18 November 2009.

What is the equity of TIMEFLY ApS?

Equity was DKK -261k 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.