TIME CONSTRUCTION A/S: Financial statements 2021
CVR: 30719123
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
TIME CONSTRUCTION A/S (CVR 30719123) has filed annual accounts for 2021. In 2021, the company reported revenue of DKK 8,401,902 and a net result of DKK 130,494 compared with DKK 230,649 the year before. That is a decrease of 60.3% compared with the year before. The profit margin was 1.6%. Equity in the 2021 report amounted to DKK 1,193,143. The solvency ratio was 14.5%. The company had 2 employees in the financial year.
- Revenue
- DKK 8,401,902
- Gross Profit
- DKK 1,232,545
- Profit/Loss
- DKK 130,494
- Equity
- DKK 1,193,143
- Total Assets
- DKK 8,243,067
- Employees
- 2
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | 8.4 mio. | 1.2 mio. | 130 t. | 1.2 mio. | 2 |
| 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. | - |
Official annual report
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TIME CONSTRUCTION A/S has published its annual report for 2020. Revenue came to DKK 21,153,224, and the net result was DKK 230,649.
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.