Time2Bike ApS

CVR 38530623 · Private limited company (ApS) · Active · Medium risk

Time2Bike ApS is a Private limited company (ApS), founded on , based in Birkerød. The company is registered in the industry detailhandel med cykler. Our model estimates a bankruptcy risk of 1.4% over the next 12 months, which is 1.0 times the average for Danish companies. 8 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (30 Jun 2025) shows equity of DKK 1.6m and a net result of DKK 97k.

Bankruptcy risk for Time2Bike ApS

1.4%
probability of bankruptcy within 12 months
Medium risk

1.0 × the average (1.41%) · higher risk than 75% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
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×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Return on assets0%–5% · bankruptcy rate 5.8%0.66×
Change in employeesUnchanged · bankruptcy rate 6.0%0.68×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×

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
38530623
Status
Active
Company type
Private limited company (ApS)
Founded
(9 years)
Address
Hovedgaden 49
3460 Birkerød
Municipality
Rudersdal
Industry
Detailhandel med cykler (476320)
Bankruptcies in the industry: Tøjforretninger
Share capital
DKK 50k
Employees
3 (2018)
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 8
Missing annual reportNo
Negative equityNo
Equity ratio40.8%
Current ratio158%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address6
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 5.9m–
Gross profitDKK 2.4mDKK 1.2m
Net profitDKK 97kDKK -886k
EquityDKK 1.6mDKK -773k
Total assetsDKK 4.0mDKK 3.2m
CashDKK 638k–
Short-term debtDKK 2.4m–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jul 2024 – 30 Jun 2025180
1 Jul 2023 – 30 Jun 2024181
1 Jul 2022 – 30 Jun 2023184 Late
1 Jul 2021 – 30 Jun 2022195 Late
1 Jul 2020 – 30 Jun 2021158
1 Jul 2019 – 30 Jun 2020168
1 Jul 2018 – 30 Jun 2019172
22 Mar 2017 – 30 Jun 2018152

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
Owner (90%)Jamsheed NaseriCurrent
FounderJamsheed NaseriCurrent

Address history (2 moves)

Hovedgaden 49, 3460 Birkerød
Hovedgaden 41A, st. 2, 3460 Birkerød
Overdrevsvej 6, 2300 København S

Employees per year

Number of employees at Time2Bike ApS per year232017: 320172018: 32018

Other companies at the same address

Similar companies in Rudersdal

Questions and answers about Time2Bike ApS

Has Time2Bike ApS gone bankrupt?

No, Time2Bike ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Time2Bike ApS?

Our model estimates a bankruptcy risk of 1.4% over the next 12 months (medium risk), which is 1.0 times the average for Danish companies.

When was Time2Bike ApS founded?

Time2Bike ApS was founded on 22 March 2017.

What is the equity of Time2Bike ApS?

Equity was DKK 1.6m 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.