Time Solution ApS

CVR number: 38010948
Vesterbrogade 208, 1800 Frederiksberg C

Credit rating

Company information

Official name
Time Solution ApS
Personnel
2 persons
Established
2016
Company form
Private limited company
Industry
  • Expand more icon47Retail trade, except of motor vehicles and motorcycles

About Time Solution ApS

Time Solution ApS (CVR number: 38010948) is a company from FREDERIKSBERG. The company recorded a gross profit of 420.8 kDKK in 2023. The operating profit was -176.3 kDKK, while net earnings were -142 kDKK. The profitability of the company measured by Return on Assets (ROA) was -22.1 %, which can be considered poor and Return on Equity (ROE) was -43.6 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at -17.4 %. This indicates that the company's debt surpasses the value of its total assets, posing significant financial risk. Time Solution ApS's liquidity measured by quick ratio was 0.7 which is at a low level. Thus, the company may face difficulties in addressing its short-term obligations with its available liquid assets.

Financial information

See financials

Gross profit (kDKK)

EBIT (kDKK)

Profitability

Solidity

Key figures (kDKK)

See financials
20192020202120222023
Volume
Net sales
Gross profit1 015.242 177.871 298.94972.29420.83
EBIT81.73798.35-4.21-26.70- 176.34
Net earnings- 592.58571.02-34.09-30.89- 141.97
Shareholders equity total- 500.3770.6536.565.67- 136.30
Balance sheet total (assets)278.121 320.341 389.86813.45645.64
Net debt175.95- 188.31- 278.34- 251.80- 480.76
Profitability
EBIT-%
ROA8.6 %76.1 %-0.1 %-2.4 %-22.1 %
ROE-320.0 %327.5 %-63.6 %-146.3 %-43.6 %
ROI31.2 %475.9 %-1.6 %-86.8 %-3899.6 %
Economic value added (EVA)79.30634.123.91-11.15- 128.53
Solvency
Equity ratio-64.3 %5.4 %2.6 %0.7 %-17.4 %
Gearing-38.4 %69.8 %
Relative net indebtedness %
Liquidity
Quick ratio0.00.40.40.50.7
Current ratio0.10.90.90.90.7
Cash and cash equivalents16.39237.60278.34251.80480.76
Capital use efficiency
Trade debtors turnover (days)
Net working capital %
Credit risk
Credit ratingBBBBBBBB

Variable visualization

ROA:-22.1%
Rating: 0/100
-20%
0%
4%
11%
24%
60%
Graph showing the distribution of the variable
Equity ratio:-17.4%
Rating: 0/100
-1%
21%
50%
81%
99%
100%
Graph showing the distribution of the variable

Roles

Chief executive officer

Companies in the same industry

Build time: 2024-10-21T13:51:26.353Z

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