TIME GROUP A/S: Financial statements 2023
CVR: 30719042
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
TIME GROUP A/S (CVR 30719042) has filed annual accounts for 2023. In 2023, the company reported a gross profit of DKK -9,000 and a net result of DKK -2,950,051 compared with DKK 2,812,883 the year before. Equity in the 2023 report amounted to DKK 2,563,382. The solvency ratio was 34%.
- Gross Profit
- DKK -9,000
- Profit/Loss
- DKK -2,950,051
- Equity
- DKK 2,563,382
- Total Assets
- DKK 7,547,614
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | - | -9 t. | -3 mio. | 2.6 mio. | - |
| 2022 | - | -9 t. | 2.8 mio. | 5.5 mio. | - |
| 2021 | - | -8 t. | 270 t. | 2.7 mio. | - |
| 2020 | - | -8 t. | 1.4 mio. | 2.4 mio. | - |
| 2019 | - | -9 t. | -5.5 mio. | -4 mio. | - |
Official annual report
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TIME GROUP A/S has published its annual report for 2022. Gross profit came to DKK -8,750, and the net result was DKK 2,812,883.
About TIME GROUP A/S
TIME GROUP A/S is a Danish company of the type Aktieselskab based in Odder, founded in 2007. The company is registered under the industry Ikke-finansielle holdingselskaber. The management consists of Henning Farre Vestergaard. The board consists of Rune Vestergaard Borrits (chair), Anders Vestergaard Borrits and Henning Farre Vestergaard. The company is owned by TIME GROUP A/S and HENNING F. VESTERGAARD HOLDING ApS. According to the 2025 annual report, the company had an average of 0 employees. In 2025, the company reported a gross profit of DKK -10,313 and a net result of DKK -853,283 compared with DKK 143,995 the year before. Equity in the 2025 report amounted to DKK 1,854,094.