Timestone ApS

CVR 41353120 · Private limited company (ApS) · Active · Very high risk

Timestone ApS is a Private limited company (ApS), founded on , based in Skive. The company is registered in the industry tilhugning, tilskæring og færdigbearbejdning af sten. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 times the average for Danish companies. 5 annual reports have been published. The latest annual report (30 Jun 2025) shows equity of DKK 21k and a net result of DKK -306k. CEO: Nikolaj Tymm-Andersen.

Bankruptcy risk for Timestone ApS

7.8%
probability of bankruptcy within 12 months
Very high risk

5.6 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

Missing annual report (overdue)Yes · bankruptcy rate 35.2%4.0×
Missed filing deadlines1 · bankruptcy rate 34.0%3.9×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Capital changes2 · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · 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
41353120
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
c/o Nikolaj Tymm-Andersen, Brårupgade 18C
7800 Skive
Municipality
Skive
Industry
Tilhugning, tilskæring og færdigbearbejdning af sten (237000)
Bankruptcies in the industry: Fremstilling af byggematerialer af beton
Share capital
DKK 136k
Auditor
Beierholm
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 5
Missing annual reportYes
Negative equityNo
Equity ratio10.6%
Current ratio72%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 142kDKK 282kDKK -303k
Net profitDKK -306kDKK -371kDKK -521k
EquityDKK 21kDKK 83kDKK 455k
Total assetsDKK 716kDKK 785kDKK 1.1m
CashDKK 26kDKK 15k–
Short-term debtDKK 665kDKK 702k–
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2024 – 31 Dec 2024180
1 Jan 2023 – 31 Dec 2023183
1 Jan 2022 – 31 Dec 2022179
1 Jan 2021 – 31 Dec 202161
7 May 2020 – 31 Dec 2020162

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
CEONikolaj Tymm-AndersenCurrent
CEOKaare Lindskov Knak
BoardLasse Buhl JørgensenCurrent
BoardMikkel Tymm-AndersenCurrent
BoardRasmus Lunde Sams AlstrupCurrent
BoardLasse Tymm-Andersen
Owner (20%)M-L-N Holding ApSCurrent
Owner (67%)MAJ Skive IAB Holding ApSCurrent
Owner (100%)M-L-N Holding ApS
Owner (67%)Kaare Lindskov Knak
Owner (25%)M-L-N Holding ApS
Owner (25%)MAJ Skive IAB Holding ApS
Owner (33%)MAJ Skive IAB Holding ApS
FounderM-L-N Holding ApSCurrent

The CEOs' other companies

Nikolaj Tymm-Andersen – 6 other companies

Kaare Lindskov Knak – 1 other companies

Address history (1 moves)

c/o Nikolaj Tymm-Andersen, Brårupgade 18C, 7800 Skive
c/o Nikolaj Tymm-Andersen, Brøndumsgade 52B, 7800 Skive

Former names

Timestone ApS – now
Green For Life ApS –

Other companies at the same address

Similar companies in Skive

Questions and answers about Timestone ApS

Has Timestone ApS gone bankrupt?

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

What is the bankruptcy risk of Timestone ApS?

Our model estimates a bankruptcy risk of 7.8% over the next 12 months (very high risk), which is 5.6 times the average for Danish companies.

Who is the CEO of Timestone ApS?

Nikolaj Tymm-Andersen is the CEO of Timestone ApS.

Who is the auditor of Timestone ApS?

Timestone ApS most recently used Beierholm.

When was Timestone ApS founded?

Timestone ApS was founded on 7 May 2020.

What is the equity of Timestone ApS?

Equity was DKK 21k 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.