TIME CONSTRUCTION A/S: Financial statements 2020
CVR: 30719123
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
TIME CONSTRUCTION A/S (CVR 30719123) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 21,153,224 and a net result of DKK 230,649 compared with DKK -5,818,023 the year before. That is an increase of 140.5% compared with the year before. The profit margin was 1.1%. Equity in the 2020 report amounted to DKK 1,062,649. The solvency ratio was 13.1%. The company had 2 employees in the financial year.
- Revenue
- DKK 21,153,224
- Gross Profit
- DKK 1,203,690
- Profit/Loss
- DKK 230,649
- Equity
- DKK 1,062,649
- Total Assets
- DKK 8,082,764
- Employees
- 2
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 21.2 mio. | 1.2 mio. | 231 t. | 1.1 mio. | 2 |
| 2019 | 8.8 mio. | -4.7 mio. | -5.8 mio. | -3.7 mio. | 2 |
| 2018 | 12.3 mio. | 1.5 mio. | 75 t. | 2.2 mio. | 2 |
| 2017 | 18.9 mio. | 1.8 mio. | 354 t. | 2.1 mio. | - |
| 2016 | 8.2 mio. | 591 t. | -284 t. | 1.7 mio. | 2 |
Official annual report
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TIME CONSTRUCTION A/S has published its annual report for 2019. Revenue came to DKK 8,795,954, and the net result was DKK -5,818,023.
About TIME CONSTRUCTION A/S
TIME CONSTRUCTION A/S is a Danish company of the type Aktieselskab based in Odder, founded in 2007. The company is registered under the industry Gennemførelse af byggeprojekter. 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. The company has 2 employees (2018). In 2025, the company reported revenue of DKK 526,070 and a net result of DKK -1,219,473 compared with DKK 410,227 the year before. Equity in the 2025 report amounted to DKK -1,470,500.