Time2Bike ApS
Private limited companyCVR 38530623BirkerødActive
Time2Bike ApS is a private limited company, based in Birkerød, active in retail sale of bicycles, founded in 2017. After a loss in 2024, the company made a profit of DKK 97,069 in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 95% (2024 → 2025), to DKK 2.4m.
- Net profit went from a loss of DKK 886k to a profit of DKK 97,069 (2024 → 2025).
- Equity turned positive again: DKK 1.6m (2024 → 2025).
Employees
- 2 more employees than a year earlier: 7 (07/2026) against 5 (07/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Retail sale of bicycles (476320)
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 | 7,962 | 9,831 | 6,431 | not stated | not stated | 5,939 | – |
| Gross profit | 1,938 | 2,296 | −1,163 | 4,548 | 1,220 | 2,381 | +95.1% |
| Operating profit (EBIT) | 733 | 700 | −2,583 | 2,172 | −872 | 98 | +111.2% |
| Profit before tax | 723 | 688 | −2,595 | 2,101 | −886 | 97 | +111% |
| Net profit | 556 | 674 | −2,595 | 2,092 | −886 | 97 | +111% |
| Total assets | 4,412 | 5,324 | 2,098 | 4,177 | 3,164 | 4,003 | +26.5% |
| Equity | 1,000 | 1,674 | −1,073 | 1,019 | −773 | 1,635 | +311.4% |
| Liabilities | 3,412 | 3,649 | 3,171 | 3,149 | 3,929 | 2,368 | −39.7% |
| Cash and cash equivalents | 1,860 | 2,190 | 574 | 767 | 545 | 638 | +17% |
| Average number of employees | 4 | 5 | 3 | 3 | – | – | – |
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 2023, 2024: 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
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/07/2024 – 30/06/2025 | 27/12/2025 | The company | PDF not statedXBRL |
| 2024 | 01/07/2023 – 30/06/2024 | 28/12/2024 | The company | PDF not statedXBRL |
| 2023 | 01/07/2022 – 30/06/2023 | 31/12/2023 | The company | PDF not statedXBRL |
| 2022 | 01/07/2021 – 30/06/2022 | 11/01/2023 | The company | PDF not statedXBRL |
| 2021 | 01/07/2020 – 30/06/2021 | 05/12/2021 | The company | PDF not statedXBRL |
| 2020 | 01/07/2019 – 30/06/2020 | 15/12/2020 | 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
217 companies in the databaseComparison with the other companies in retail sale of bicycles based on the latest financial year.
Industry median: gross profit DKK 1.6m, net profit DKK 113k, equity DKK 868k, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 27,311of 69,742 Better than 61% | No. 27,009of 69,964 Better than 61% |
| Same industry and fewer than 20 employees204 companies in the comparison | No. 63of 204 Better than 69% | No. 64of 204 Better than 69% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 15,251of 33,588 Better than 55% | No. 12,099of 33,687 Better than 64% |
| All companies of type ApS66,508 companies in the comparison | No. 26,658of 66,379 Better than 60% | No. 23,009of 66,505 Better than 65% |
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
Retail sale of bicycles- Time2Bike ApSDKK 2.4m
- Skatepro ApSDKK 58.5m
- Cykelgear A/SDKK 42.2m
- Time2Bike ApSDKK 97,069
- Skatepro ApSDKK 6.7m
- Cykelgear A/SDKK 4.5m
- Time2Bike ApSDKK 1.6m
- Skatepro ApSDKK 91.2m
- Cykelgear A/SDKK 25.1m
- Time2Bike ApS7
- Skatepro ApS118
- Cykelgear A/S108
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Jamsheed Naseri90%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jamsheed Naseri | CEO | 22/03/2017 |
- Founders
- Jamsheed Naseri
Signing rule: Virksomheden tegnes af direktionen
Address and production units
2 active production unitsHovedgaden 49
3460 Birkerød
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Time2Bike ApS | Hovedgaden 49, 3460 Birkerød | 4 | 1022318647 |
| Time2Bike ApS | Æbeløgade 15, st, 2100 København Ø | – | 1024683318 |
Purpose
Køb, salg og reparation af cykler og dermed beslægtede artikler
The purpose is quoted from the register in Danish.
Changes year by year
13 registered events20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2025 published
- IndustryIndustry changed to Retail sale of bicycles (476320)
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20232 changesaccounts 2
- AccountsAnnual report for 2023 published
- AccountsAnnual report for 2022 published
20212 changesaccounts 1 · address 1
- AccountsAnnual report for 2021 published
- AddressMoved to Hovedgaden 49, 3460 Birkerød
20201 changeaccounts 1
- AccountsAnnual report for 2020 published
20191 changeaddress 1
- AddressMoved to Hovedgaden 41A, st. 2, 3460 Birkerød
20174 changesaddress 1 · founded 1 · management 1 · ownership 1
- AddressMoved to Hovedgaden 41A, st. 2, 3460 Birkerød
- FoundedRegistered as Time2Bike ApS
- ManagementJamsheed Naseri appointed ceo
- OwnershipJamsheed Naseri registered as owner (90%)
Related companies
Same industry in Rudersdal
- B-bike ApS25 employees
- Ritter Cykler ApS6 employees
- Nærum Cykler af 2016 ApS2 employees
Largest in the industry
- Skatepro ApSDKK 58.5m
- Cykelgear A/SDKK 42.2m
- Lindebjerg A/SDKK 38m
- Speedline A/SDKK 29.4m
- Fri Bikeshop ApSDKK 29.3m
- Cykelexperten.dk A/SDKK 19.7m
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 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.