Time Change Nordics ApS
Private limited companyCVR 40143920København SActive
Time Change Nordics ApS is a private limited company, based in København S, active in tour operator activities, founded in 2019. Equity was negative at the end of 2025 (−DKK 2.4m). The company made a loss in both 2024 and 2025, most recently DKK 1.1m. With 224 employees, the company is about 56 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 13% (2024 → 2025), to DKK 9.4m.
- The loss got smaller: from DKK 1.6m to DKK 1.1m (2024 → 2025).
Employees
- 72 more employees than a year earlier: 224 (07/2026) against 152 (07/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Tour operator activities (791200)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 144 | 507 | 3,391 | 5,763 | 8,330 | 9,388 | +12.7% |
| Operating profit (EBIT) | −1,341 | −358 | 486 | 846 | −1,463 | −812 | +44.5% |
| Profit before tax | −412 | −363 | 243 | 808 | −1,637 | −1,078 | +34.1% |
| Net profit | −322 | −283 | 190 | 630 | −1,637 | −1,078 | +34.1% |
| Total assets | 207 | 676 | 3,148 | 3,889 | 2,483 | 2,632 | +6% |
| Equity | −249 | −532 | −343 | 287 | −1,350 | −2,429 | −79.9% |
| Liabilities | 456 | 1,209 | 3,490 | 3,601 | 3,833 | 5,061 | +32% |
| Cash and cash equivalents | 40 | 0 | 791 | 0 | 352 | 885 | +151.8% |
| Average number of employees | 3 | 2 | 4 | 7 | 10 | 11 | +10% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 2.4m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 2 years in a row
Net result has been negative in 2024–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 21/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 07/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 30/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 04/05/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 09/07/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
133 companies in the databaseComparison with the other companies in tour operator activities based on the latest financial year.
Industry median: gross profit DKK 2.9m, net profit DKK 488k, equity DKK 1.8m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 200–499 employees796 companies in the comparison | No. 743of 763 Better than 3% | No. 775of 796 Better than 3% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 4,703of 33,588 Better than 86% | No. 32,646of 33,687 Better than 3% |
| All companies of type ApS66,508 companies in the comparison | No. 6,621of 66,379 Better than 90% | No. 65,023of 66,505 Better than 2% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Tour operator activities- Time Change Nordics ApSDKK 9.4m
- A/S af 3.juni 1986DKK 253m
- Vos ApSDKK 136.8m
- Time Change Nordics ApS−DKK 1.1m
- A/S af 3.juni 1986DKK 79m
- Vos ApSDKK 64.7m
- Time Change Nordics ApS−DKK 2.4m
- A/S af 3.juni 1986DKK 1bn
- Vos ApSDKK 64.9m
- Time Change Nordics ApS224
- A/S af 3.juni 19869
- Vos ApS98
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Flavius Daniel Chilcos100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Flavius Daniel Chilcos | Director | 04/01/2019 |
- Founders
- Flavius Daniel Chilcos
Signing rule: Selskabet tegnes af en direktør
Address and production units
1 active production unitsSiljangade 6
2300 København S
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Time Change Nordics ApS | Siljangade 6, st. 7, 2300 København S | 224 | 1024271273 |
Purpose
Selskabets formål er at drive virksomhed med planlægning og salg af rejser, ture og events samt enhver i forbindelse hermed stående virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
18 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Tour operator activities (791200)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20233 changesaccounts 1 · address 2
- AccountsAnnual report for 2022 published
- AddressMoved to Siljangade 6, st. 7, 2300 København S
- AddressMoved to Siljangade 4, st. 1, 2300 København S
20222 changesaccounts 1 · address 1
- AccountsAnnual report for 2021 published
- AddressMoved to Uplandsgade 72, 1, 2300 København S
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20204 changesname 2 · capital 1 · address 1
- NameName changed from Time Change Nordics IVS to Time Change Nordics ApS
- CapitalShare capital changed from 1 DKK to 40,000 DKK
- NameName changed from TCN Services IVS to Time Change Nordics IVS
- AddressMoved to Brolæggerstræde 1, kl, 1211 København K
20194 changesname 1 · founded 1 · management 1 · ownership 1
- NameName changed from Time Change Nordics IVS to TCN Services IVS
- FoundedRegistered as Time Change Nordics IVS
- ManagementFlavius Daniel Chilcos appointed director
- OwnershipFlavius Daniel Chilcos registered as owner (100%)
Related companies
Same industry in København
- DMC Nordic Denmark A/S233 employees
- Aller Leisure A/S221 employees
- Bdp A/S175 employees
- Spies A/S62 employees
- Bcd Travel Denmark A/S62 employees
- Tumlare Corporation A/S48 employees
Largest in the industry
- A/S af 3.juni 1986DKK 253m
- Vos ApSDKK 136.8m
- Aller Leisure A/SDKK 115.2m
- Tour Partner Group Nordics ApSDKK 83.1m
- Spies A/SDKK 65.6m
- Elianto Nordic ApSDKK 44.1m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.