Time2Bike ApS: Financial statements 2020
CVR: 38530623
Source: annual report 2020, Danish Business Authority
01/07/2019 – 30/06/2020
Time2Bike ApS (CVR 38530623) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 7,961,882 and a net result of DKK 555,791 compared with DKK 77,970 the year before. That is an increase of 118.7% compared with the year before. The profit margin was 7%. Equity in the 2020 report amounted to DKK 1,000,389. The solvency ratio was 22.7%. The company had 4 employees in the financial year.
- Revenue
- DKK 7,961,882
- Gross Profit
- DKK 1,938,315
- Profit/Loss
- DKK 555,791
- Equity
- DKK 1,000,389
- Total Assets
- DKK 4,412,491
- Employees
- 4
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 8 mio. | 1.9 mio. | 556 t. | 1 mio. | 4 |
| 2019 | 3.6 mio. | 575 t. | 78 t. | 445 t. | 3 |
Official annual report
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Time2Bike ApS is a Danish company of the type Anpartsselskab based in Birkerød, founded in 2017. The company is registered under the industry Detailhandel med cykler. The management consists of Jamsheed Naseri. The company is owned by Jamsheed Naseri. The company has 7 employees (2026). In 2025, the company reported revenue of DKK 5,939,289 and a net result of DKK 97,069 compared with DKK -886,059 the year before. Equity in the 2025 report amounted to DKK 1,634,771.