TimberNest ApS

CVR 37655945 · Private limited company (ApS) · Active · Low risk

TimberNest ApS is a Private limited company (ApS), founded on , based in Årslev. The company is registered in the industry fremstilling af møbler. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 10 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 443k and a net result of DKK 382k.

Bankruptcy risk for TimberNest ApS

0.5%
probability of bankruptcy within 12 months
Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
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
37655945
Status
Active
Company type
Private limited company (ApS)
Founded
(10 years)
Address
Stationsvej 69
5792 Årslev
Municipality
Faaborg-Midtfyn
Industry
Fremstilling af møbler (310000)
Bankruptcies in the industry: Fremstilling af andre møbler
Share capital
DKK 40k
Employees
0 (2018)
Auditor
PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 10
Missing annual reportNo
Negative equityNo
Equity ratio30.7%
Current ratio137%
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 1.3mDKK 612kDKK 953k
Net profitDKK 382kDKK -193kDKK 23k
EquityDKK 443kDKK 61kDKK 254k
Total assetsDKK 1.4mDKK 444kDKK 660k
CashDKK 747kDKK 65k–
Short-term debtDKK 975kDKK 383k–
Avg. employees13–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024161
1 Jan 2023 – 31 Dec 2023186 Late
1 Jan 2022 – 31 Dec 202290
1 Jan 2021 – 31 Dec 202184
1 Jan 2020 – 31 Dec 2020180
1 Jan 2019 – 31 Dec 2019231 Late
1 Jan 2018 – 31 Dec 2018123
15 Jan 2017 – 31 Dec 2017150
2 May 2016 – 14 Jan 2017151

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
BoardKristian Grove PoulsenCurrent
BoardSophie Emilie Smietana
BoardSebastian Ries Møller
BoardMalou Tolstrup Rohde
BoardChristian Bonde Mortensen
BoardNickolai Kjærgaard Isaksen
Owner (100%)Grove Invest ApSCurrent
Owner (15%)Kristian Grove Poulsen
Owner (15%)Sophie Emilie Smietana
Owner (15%)Sebastian Ries Møller
Owner (15%)Malou Tolstrup Rohde
Owner (15%)Christian Bonde Mortensen
Owner (15%)Nickolai Kjærgaard Isaksen
Owner (20%)Kristian Grove Poulsen
Owner (20%)Sophie Emilie Smietana
Owner (20%)Malou Tolstrup Rohde
Owner (20%)Christian Bonde Mortensen
Owner (20%)Nickolai Kjærgaard Isaksen
Owner (50%)Kristian Grove Poulsen
Owner (50%)Nickolai Kjærgaard Isaksen
Owner (50%)Grove Invest ApS
Owner (50%)NK Isaksen Holding ApS
Owner (0%)Viola Marie Ketelsen
Owner (33%)Grove Invest ApS
Owner (33%)NK Isaksen Holding ApS
Owner (50%)Grove Invest ApS
Owner (50%)NK Isaksen Holding ApS
Owner (90%)Grove Invest ApS
Owner (10%)Flemming Oluf Nielsen
FounderKristian Grove PoulsenCurrent
FounderSophie Emilie SmietanaCurrent
FounderSebastian Ries MøllerCurrent
FounderMalou Tolstrup RohdeCurrent
FounderChristian Bonde MortensenCurrent
FounderNickolai Kjærgaard IsaksenCurrent

Address history (6 moves)

Stationsvej 69, 5792 Årslev
Stationsvej 69, 5792 Årslev
Hastrupvej 21, 7323 Give
Mørkebjergvej 2, 5600 Faaborg
c/o Nickolai Isaksen, Rødegårdsvej 255, 2. th, 5230 Odense M
c/o Sophie Smietana, Tietgens Allé 39, 5230 Odense M
Rosenvænget 10, 5250 Odense SV

Former names

TimberNest ApS – now
TimberNest IVS –
Pirr IVS –

Employees per year

Number of employees at TimberNest ApS per year112018: 02018

Other companies at the same address

Similar companies in Faaborg-Midtfyn

Questions and answers about TimberNest ApS

Has TimberNest ApS gone bankrupt?

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

What is the bankruptcy risk of TimberNest ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the auditor of TimberNest ApS?

TimberNest ApS most recently used PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.

When was TimberNest ApS founded?

TimberNest ApS was founded on 2 May 2016.

What is the equity of TimberNest ApS?

Equity was DKK 443k 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.