Timber Team Racing ApS

CVR 40217649 · Private limited company (ApS) · Active · Low risk

Timber Team Racing ApS is a Private limited company (ApS), founded on , based in Karlslunde. The company is registered in the industry udlejning og leasing af varer til fritid og sport. Our model estimates a bankruptcy risk of 0.4% over the next 12 months, which is 0.3 times the average for Danish companies. 7 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 68k and a net result of DKK -33k. CEO: Niels Bock-Pedersen, Kim Sunesen.

Bankruptcy risk for Timber Team Racing ApS

0.4%
probability of bankruptcy within 12 months
Low risk

0.3 × the average (1.41%) · higher risk than 57% of active Danish companies

Lowest riskHighest risk

Increases the risk

Reporting classReporting class B, mikrovirksomhed · bankruptcy rate 23.5%2.7×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
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

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
40217649
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Krogen 15
2690 Karlslunde
Municipality
Solrød
Industry
Udlejning og leasing af varer til fritid og sport (772100)
Bankruptcies in the industry: Udlejning og leasing af andet materiel, udstyr og andre materielle aktiver i.a.n.
Share capital
DKK 100k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio54.3%
Current ratio41%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Revenue––DKK 97k
Gross profitDKK -32kDKK -14kDKK 3,819
Net profitDKK -33kDKK -4,383DKK 3,807
EquityDKK 68kDKK 101kDKK 105k
Total assetsDKK 125kDKK 105kDKK 105k
CashDKK 21k––
Short-term debtDKK 57kDKK 3,937–
Avg. employees–1–

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 2025175
1 Jan 2024 – 31 Dec 2024146
1 Jan 2023 – 31 Dec 2023152
1 Jan 2022 – 31 Dec 202225
1 Jan 2021 – 31 Dec 202118
1 Jan 2020 – 31 Dec 202011
28 Jan 2019 – 31 Dec 201945

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
CEONiels Bock-PedersenCurrent
CEOKim SunesenCurrent
Owner (50%)Niels Bock-PedersenCurrent
Owner (50%)Kim SunesenCurrent
FounderNiels Bock-PedersenCurrent
FounderKim SunesenCurrent

The CEOs' other companies

Niels Bock-Pedersen – 3 other companies

Kim Sunesen – 22 other companies

Address history (0 moves)

Krogen 15, 2690 Karlslunde

Other companies at the same address

Similar companies in Solrød

Questions and answers about Timber Team Racing ApS

Has Timber Team Racing ApS gone bankrupt?

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

What is the bankruptcy risk of Timber Team Racing ApS?

Our model estimates a bankruptcy risk of 0.4% over the next 12 months (low risk), which is 0.3 times the average for Danish companies.

Who is the CEO of Timber Team Racing ApS?

Niels Bock-Pedersen, Kim Sunesen are the CEOs of Timber Team Racing ApS.

When was Timber Team Racing ApS founded?

Timber Team Racing ApS was founded on 28 January 2019.

What is the equity of Timber Team Racing ApS?

Equity was DKK 68k 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.