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Timeglasset ApS — Credit Rating and Financial Key Figures

CVR number: 39950081
Sundquistsgade 15, 6400 Sønderborg
susan@timeglasset.dk
tel: 40503220
www.timeglasset.dk
Free credit report Annual report

Income statement (kDKK)

2021
2022
2023
2024
2025
Fiscal period length1212121212
Net sales
Gross profit821.47929.501 387.75979.961 227.95
Employee benefit expenses- 660.16- 895.30-1 527.32- 876.61-1 085.73
Total depreciation-8.06-23.92- 109.32- 103.19-87.32
EBIT153.2610.28- 248.880.1654.89
Other financial income0.600.442.527.683.89
Other financial expenses-1.17-1.87-9.82-29.55-18.32
Pre-tax profit152.698.85- 256.18-21.7040.45
Income taxes-35.71-5.8620.535.50
Net earnings116.982.99- 235.65-16.2140.45

Assets (kDKK)

2021
2022
2023
2024
2025
Development expenditure121.39174.6587.3240.84
Intangible rights7.302.69
Intangible assets total7.30124.07174.6587.3240.84
Machinery and equipment24.9235.1715.86
Tangible assets total24.9235.1715.86
Investments total18.0013.5013.5013.5013.50
Long term receivables total
Raw materials and consumables65.0051.3461.19
Inventories total65.0051.3461.19
Current trade debtors78.00112.89104.8398.6430.73
Current amounts owed by group member comp.55.1565.9374.24
Prepayments and accrued income8.7011.0420.9610.029.39
Current other receivables10.509.894.0063.4915.16
Current deferred tax assets4.793.555.50
Short term receivables total97.20138.61188.48243.58129.53
Cash and bank deposits55.9050.02
Cash and cash equivalents55.9050.02
Balance sheet total (assets)203.33361.38457.50395.74245.06

Equity and liabilities (kDKK)

2021
2022
2023
2024
2025
Share capital40.0050.0050.0050.0050.00
Shares repurchased89.16
Other reserves94.68
Retained earnings- 116.9892.82190.49-45.16-61.37
Profit of the financial year116.982.99- 235.65-16.2140.45
Shareholders equity total129.16240.494.84-11.3729.08
Provisions9.2916.98
Non-current liabilities total
Current loans from credit institutions186.41212.179.45
Advances received102.84
Current trade creditors10.001.500.4324.0010.46
Current owed to participating0.140.140.140.14
Current owed to group member5.6355.4446.6047.48
Short-term deferred tax liabilities29.042.97
Other non-interest bearing current liabilities25.8493.69210.24124.2045.60
Current liabilities total64.88103.92452.66407.11215.98
Balance sheet total (liabilities)203.33361.38457.50395.74245.06
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