TIME DEVELOPMENT ApS
CVR 33358202 · Private limited company (ApS) · Active · Low risk
TIME DEVELOPMENT ApS is a Private limited company (ApS), founded on , based in Odder. The company is registered in the industry gennemførelse af byggeprojekter. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 15 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 5.8m and a net result of DKK 241k. CEO: Henning Farre Vestergaard.
Bankruptcy risk for TIME DEVELOPMENT ApS
0.1 × the average (1.41%) · higher risk than 44% of active Danish companies
Increases the risk
Reduces the risk
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
- 33358202
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (15 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 81k
- Auditor
- EY Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 4 of 15 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 56.4% |
| Current ratio | 130% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 3 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 410k | DKK 230k | DKK 312k |
| Net profit | DKK 241k | DKK 41k | DKK 103k |
| Equity | DKK 5.8m | DKK 5.5m | DKK 5.5m |
| Total assets | DKK 10.2m | DKK 10.9m | DKK 10.9m |
| Cash | DKK 133k | DKK 39k | – |
| Short-term debt | DKK 2.3m | DKK 2.4m | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · EY Godkendt Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 183 | ||
| 1 Jan 2024 – 31 Dec 2024 | 182 | ||
| 1 Jan 2023 – 31 Dec 2023 | 180 | ||
| 1 Jan 2022 – 31 Dec 2022 | 179 | ||
| 1 Jan 2021 – 31 Dec 2021 | 188 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 187 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 258 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 170 | ||
| 1 Jan 2017 – 31 Dec 2017 | 170 | ||
| 1 Jan 2016 – 31 Dec 2016 | 160 | ||
| 1 Jan 2015 – 31 Dec 2015 | 182 | ||
| 1 Jan 2014 – 31 Dec 2014 | 170 | ||
| 1 Jan 2013 – 31 Dec 2013 | 156 | ||
| 1 Jan 2012 – 31 Dec 2012 | 143 | ||
| 30 Nov 2010 – 31 Dec 2011 | 164 |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Henning Farre Vestergaard | Current | |
| CEO | Lars Egebjerg Pontoppidan | ||
| CEO | Jimmi Grouleff | ||
| Owner (100%) | TIME GROUP A/S | Current | |
| Owner (50%) | Henning Farre Vestergaard | ||
| Auditor | EY Godkendt Revisionspartnerselskab | Current | |
| Auditor | PRICEWATERHOUSECOOPERS SERVICES STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | K P M G C JESPERSEN ÅRHUS I/S | ||
| Founder | LP INVEST SILKEBORG ApS | Current | |
| Founder | JGHL INVEST ApS | Current |
The CEOs' other companies
Henning Farre Vestergaard – 3 other companies
- HENNING F. VESTERGAARD HOLDING ApS Active
- TIME CONSTRUCTION A/S Active
- TIME GROUP A/S Active
Lars Egebjerg Pontoppidan – 23 other companies, of which 4 bankrupt
- ASPEN TRADING A/S Bankrupt 27 Jul 2011
- P.P. SPORT OG FRITID ApS Bankrupt 23 Dec 1987
- TEXLINE A/S Bankrupt 5 Nov 2008
- VICASA ApS Bankrupt 7 Jul 2011
- ABG EJENDOMME ApS Opløst
- ARK-DES A/S Opløst
- ARK-DES II A/S Opløst
- BRIX HOLDING SILKEBORG ApS Compulsorily dissolved
- CASALUX ApS Compulsorily dissolved
- Funder Kirkevej Silkeborg Komplementar ApS Active
- Gudenåskrænten ApS Opløst
- LAPO HOLDING ApS Active
- LAPO Holding 2 ApS Fusioneret
- LAPO Holding 3 ApS Active
- LEVEHUSE A/S Active
- LP EJENDOMME SILKEBORG ApS Active
- LP INVEST SILKEBORG ApS Opløst
- Levehuse Holding ApS Fusioneret
- MIDTJYSK EJENDOMME ApS Opløst
- My Properties 2 ApS Active
- POWER PLAY SILKEBORG ApS Fusioneret
- Selskabet af 16.03.2022 ApS Opløst
- Smørblomsten Bording ApS Opløst
Jimmi Grouleff – 16 other companies, of which 1 bankrupt
- Aktieselskabet af 26-01-24 Bankrupt 29 Jan 2024
- BILT ApS Fusioneret
- BILT Entreprise ApS Opløst
- BILT Udvikling ApS Opløst
- Fink Elmely ApS Active
- GoSail A/S Active
- IH Sejlgaarden 2021 ApS Opløst
- IH Skærbæk 2021 ApS Fusioneret
- IPOS ApS Compulsorily dissolved
- Idealhuse Holding ApS Fusioneret
- Idealhuse Holding ApS Compulsorily dissolved
- Idealhuse Medarbejderholding ApS Compulsorily dissolved
- JGHL INVEST ApS Fusioneret
- LEVEHUSE A/S Active
- Obstrupvej 2020 ApS Fusioneret
- SHAPING ApS Active
Address history (3 moves)
| c/o Henning Farre Vestergaard, Rønhøjs Ager 44, 8300 Odder | |
| c/o Henning Farre Vestergaard, Fløjstrupvej 31, 8340 Malling | |
| c/o Time Group A/S, Ellemosen 1C, 8680 Ry | |
| Chr.Winthers Vej 15, 8600 Silkeborg |
Former names
| TIME DEVELOPMENT ApS | – now |
| VESSØHUS ApS | – |
Other companies at the same address
- HENNING F. VESTERGAARD HOLDING ApS Active
- TIME CONSTRUCTION A/S Active
- TIME GROUP A/S Active
Similar companies in Odder
- A175 ApS Odder
- Odder Bolig og Ejendomme ApS Odder
- Dunhammer Kapital ApS Odder
- Odder Huse ApS Odder
- TIME CONSTRUCTION A/S Odder
- CONDOR INVEST DANMARK ApS Odder
- LOUISE GRUPPEN ApS Odder
- L.P. ApS Odder
- Martin Kjeldsen Kjær Holding ApS Hundslund
- Aarhus Tømrer & Entreprise ApS Odder
Questions and answers about TIME DEVELOPMENT ApS
Has TIME DEVELOPMENT ApS gone bankrupt?
No, TIME DEVELOPMENT ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of TIME DEVELOPMENT ApS?
Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.
Who is the CEO of TIME DEVELOPMENT ApS?
Henning Farre Vestergaard is the CEO of TIME DEVELOPMENT ApS.
Who is the auditor of TIME DEVELOPMENT ApS?
TIME DEVELOPMENT ApS most recently used EY Godkendt Revisionspartnerselskab.
When was TIME DEVELOPMENT ApS founded?
TIME DEVELOPMENT ApS was founded on 30 November 2010.
What is the equity of TIME DEVELOPMENT ApS?
Equity was DKK 5.8m 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.