Time To Drive ApS

CVR 43690310 · Private limited company (ApS) · Active · Medium risk

Time To Drive ApS is a Private limited company (ApS), founded on , based in Søborg. The company is registered in the industry drift af køreskoler. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 48k and a net result of DKK 61k. CEO: Mohammad Qaiser Fazal, Youssef Rachdi.

Bankruptcy risk for Time To Drive ApS

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×

Reduces the risk

Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Number of CEOs2 · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Equity ratio20%–40% · bankruptcy rate 6.9%0.79×

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
43690310
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Rosendal 2C
2860 Søborg
Municipality
Gladsaxe
Industry
Drift af køreskoler (855300)
Bankruptcies in the industry: Anden undervisning i.a.n.
Share capital
DKK 40k
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio24.0%
Current ratio110%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address4
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 71kDKK 47kDKK -47k
Net profitDKK 61kDKK 35kDKK -88k
EquityDKK 48kDKK -13kDKK -48k
Total assetsDKK 201kDKK 100kDKK 166k
CashDKK 142kDKK 14k–
Short-term debtDKK 152kDKK 112k–
Tax owedDKK 3,700––
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025155
1 Jan 2024 – 31 Dec 2024107
5 Dec 2022 – 31 Dec 2023149

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
CEOMohammad Qaiser FazalCurrent
CEOYoussef RachdiCurrent
Owner (50%)Mohammad Qaiser FazalCurrent
Owner (50%)Youssef RachdiCurrent
FounderMohammad Qaiser FazalCurrent
FounderYoussef RachdiCurrent

The CEOs' other companies

Mohammad Qaiser Fazal – 2 other companies

Youssef Rachdi – 2 other companies

Address history (1 moves)

Rosendal 2C, 2860 Søborg
Tuborgvej 266G, st., 2400 København NV

Other companies at the same address

Similar companies in Gladsaxe

Questions and answers about Time To Drive ApS

Has Time To Drive ApS gone bankrupt?

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

What is the bankruptcy risk of Time To Drive ApS?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the CEO of Time To Drive ApS?

Mohammad Qaiser Fazal, Youssef Rachdi are the CEOs of Time To Drive ApS.

When was Time To Drive ApS founded?

Time To Drive ApS was founded on 5 December 2022.

What is the equity of Time To Drive ApS?

Equity was DKK 48k 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.