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Timelog A/S

Public limited companyCVR 25896939FrederiksbergActive

Timelog A/S is a public limited company, based in Frederiksberg, active in other software publishing, founded in 2001. Net profit fell 33% from 2024 to 2025, ending at DKK 4.1m. With 49 employees, the company is about 12 times larger than the industry median. Gross profit is higher than that of 94% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 51.2m+4.8% vs. 2024
Net profitDKK 4.1m−33.3% vs. 2024
EquityDKK 45.9m+9.9% vs. 2024
Employees49latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 5% (2024 → 2025), to DKK 51.2m.
  • Net profit fell 33% (2024 → 2025), to DKK 4.1m.
  • Equity rose 10% (2024 → 2025), to DKK 45.9m.

Employees

  • 9 fewer employees than a year earlier: 49 (08/2026) against 58 (08/2025).

Management and owners, last 24 months

  • New in management: Sascha Elizabeth Houlberg Skydsgaard (board member, 16/12/2024), Søren Lund (board member, 24/04/2025) and Martin Senning Eriksen (board member, 15/09/2025).
  • Stepped down: Joo Runge (board member, 24/04/2025), Anne Lise Waal (board member, 05/03/2026) and Anders Endresen Løe (board member, 15/09/2025).

Registrations, last 24 months

  • 07/04/2025: Merger registered in CVR

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 thousand

Equity and net profit

−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
EquityNet profit
Financial figures for Timelog A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit23,12424,90633,76240,67348,85651,202+4.8%
Operating profit (EBIT)1,656−12,998−11,952−3,2351,8693,755+100.9%
Profit before tax1,903−13,168−12,490−3,0151,6303,914+140.1%
Net profit1,478−13,815−12,658−1,7756,1834,124−33.3%
Total assets53,18942,71558,12467,11366,09067,755+2.5%
Equity35,91723,33740,65638,88141,81245,936+9.9%
Liabilities17,27119,37817,46828,23224,27821,819−10.1%
Cash and cash equivalents12,3444,5068,1228,7497,5159,783+30.2%
Average number of employees294656526250−19.4%

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

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (499 companies)

Annual reports

6 financial years
Annual reports for Timelog A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202406/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202230/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202125/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202021/04/2021The companyPDFXBRL

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 CVR
010203040506009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

499 companies in the database

Comparison with the other companies in other software publishing based on the latest financial year.

Gross profitDKK 51.2mNo. 29 of 494
Better than 94% of the companies in the industry
EquityDKK 45.9mNo. 26 of 499
Better than 95% of the companies in the industry
Number of employees49No. 29 of 499
Better than 94% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.

DKK 100kDKK 1.2mDKK 14.1mDKK 168.1mDKK 875.9mHere
Distribution of gross profit for 427 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 20–49 employees9,922 companies in the comparison
No. 420of 9,892
Better than 96%
No. 770of 9,922
Better than 92%
Same industry and 20–49 employees64 companies in the comparison
No. 8of 63
Better than 89%
No. 9of 64
Better than 87%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,394of 24,791
Better than 94%
No. 2,482of 24,909
Better than 90%
All companies of type A/S18,025 companies in the comparison
No. 2,851of 17,786
Better than 84%
No. 3,777of 18,024
Better than 79%

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

Other software publishing
Gross profit
  1. Timelog A/SDKK 51.2m
  2. Milestone Systems A/SDKK 2bn
  3. Visma e-conomic A/SDKK 880.2m
Net profit
  1. Timelog A/SDKK 4.1m
  2. Milestone Systems A/SDKK 183.4m
  3. Visma e-conomic A/SDKK 456.2m
Equity
  1. Timelog A/SDKK 45.9m
  2. Milestone Systems A/SDKK 1.7bn
  3. Visma e-conomic A/SDKK 471.5m
Employees
  1. Timelog A/S49
  2. Milestone Systems A/S531
  3. Visma e-conomic A/S456

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Birk Lund Holding ApS10%
  • Lanstorp Holding ApS10%
  • Skydsdal Holding ApS5%
  • Viking Venture 23 AS33.33%
  • Viking Venture 23 Follow-up AS, Org. nr. 92737584210%
Timelog A/S

Management

5 active registrations

Executive management

Executive management at Timelog A/S
NameRoleAppointed
Per-Henrik Ole NielsenCEO01/11/2018

Board of directors

Board of directors at Timelog A/S
NameRoleAppointed
Eivind BergsmyrChair of the board13/11/2020
Sascha Elizabeth Houlberg SkydsgaardBoard member16/12/2024
Søren LundBoard member24/04/2025
Martin Senning EriksenBoard member15/09/2025
Founders
Jakob Aggergaard Mikkelsen
Former management (24)
Former management at Timelog A/S
NameRoleAppointedResigned
Søren Raundahl AndersenDirector07/02/200131/10/2001
Jakob Aggergaard MikkelsenBoard member09/02/200125/04/2014
Bo Sejer FrandsenBoard member09/02/200129/05/2006
Claus Krogh Riekehr MøllerBoard member09/02/200118/01/2005
Søren LundCEO01/11/200131/10/2018
Jakob Aggergaard MikkelsenUdviklingsdirektør01/11/200128/02/2011
Ole Bjørvig PedersenChair of the board29/05/200631/10/2018
Morten OlsenBoard member29/05/200625/04/2014
Søren LundBoard member31/08/200603/09/2007
Christoffer Hostrup LanstorpBoard member21/10/200913/11/2020
Per KirchnerBoard member25/04/201429/11/2017
Anders TvegaardBoard member07/05/201531/10/2018
Søren LundBoard member01/11/201826/02/2021
Carsten Kultoft LorentsenBoard member01/11/201813/11/2020
Ole Bjørvig PedersenBoard member01/11/201813/11/2020
Anders TvegaardChair of the board01/11/201812/11/2020
Sascha Elizabeth Houlberg SkydsgaardBoard member01/11/201813/11/2020
Anders TvegaardBoard member13/11/202026/02/2021
Erik Fjellvær HagenBoard member13/11/202021/04/2022
Christian Bo Gravgaard Winther MøllerBoard member26/02/202131/03/2024
Joo RungeBoard member26/02/202124/04/2025
Ingvild FarstadBoard member21/04/202224/04/2024
Anne Lise WaalBoard member29/08/202205/03/2026
Anders Endresen LøeBoard member24/04/202415/09/2025

Signing rule: Selskabet tegnes af bestyrelsesformanden sammen med den administrerende direktør eller af fire bestyrelsesmedlemmer tilsammen.

Address and production units

1 active production units

Lindevangs Alle 12
2000 Frederiksberg

Frederiksberg Municipality · Postcode 2000

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
TIMELOG A/SLindevangs Alle 12, 2, 2000 Frederiksberg491008279159

Purpose

Selskabets formål er at drive IT-relateret virksomhed og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

90 registered events
20262 changesaccounts 1 · management 1
  • Annual report for 2025 published
  • Anne Lise Waal stepped down as board member
20256 changesmanagement 4 · accounts 1 · merger 1
  • Martin Senning Eriksen appointed board member
  • Anders Endresen Løe stepped down as board member
  • Annual report for 2024 published
  • Søren Lund appointed board member
  • Joo Runge stepped down as board member
  • Merger registered in CVR
20245 changesmanagement 4 · accounts 1
  • Sascha Elizabeth Houlberg Skydsgaard appointed board member
  • Annual report for 2023 published
  • Anders Endresen Løe appointed board member
  • Ingvild Farstad stepped down as board member
  • Christian Bo Gravgaard Winther Møller stepped down as board member
20231 changeaccounts 1
  • Annual report for 2022 published
202210 changesaddress 1 · management 3 · accounts 1 · capital 2 · ownership 3
  • Moved to Lindevangs Alle 12, 2, 2000 Frederiksberg
  • Anne Lise Waal appointed board member
  • Annual report for 2021 published
  • Ingvild Farstad appointed board member
  • Erik Fjellvær Hagen stepped down as board member
  • Share capital changed from 890,703 DKK to 909,342 DKK
  • Share capital changed from 770,852 DKK to 890,703 DKK
  • Viking Venture 23 AS registered as owner (33.33%)
  • Viking Venture 23 Follow-up AS, Org. nr. 927375842 registered as owner (10%)
  • Viking Venture 23 AS is no longer registered as owner
20215 changesaccounts 1 · management 4
  • Annual report for 2020 published
  • Christian Bo Gravgaard Winther Møller appointed board member
  • Joo Runge appointed board member
  • Anders Tvegaard stepped down as board member
  • Søren Lund stepped down as board member
202017 changescapital 1 · management 8 · ownership 8
  • Share capital changed from 560,000 DKK to 770,852 DKK
  • Erik Fjellvær Hagen appointed board member
  • Eivind Bergsmyr appointed chair of the board
  • Anders Tvegaard appointed board member
  • Ole Bjørvig Pedersen stepped down as board member
  • Carsten Kultoft Lorentsen stepped down as board member
  • Sascha Elizabeth Houlberg Skydsgaard stepped down as board member
  • Christoffer Hostrup Lanstorp stepped down as board member
  • Viking Venture 23 AS registered as owner (50%)
  • BIRK LUND HOLDING ApS registered as owner (10%)
  • LANSTORP HOLDING ApS registered as owner (10%)
  • SKYDSDAL HOLDING ApS registered as owner (5%)
  • MVP HOLDING 2007 ApS is no longer registered as owner
  • Anders Tvegaard stepped down as chair of the board
  • BIRK LUND HOLDING ApS is no longer registered as owner
  • LANSTORP HOLDING ApS is no longer registered as owner
  • SKYDSDAL HOLDING ApS is no longer registered as owner
20189 changesmanagement 9
  • Ole Bjørvig Pedersen appointed board member
  • Søren Lund appointed board member
  • Carsten Kultoft Lorentsen appointed board member
  • Anders Tvegaard appointed chair of the board
  • Sascha Elizabeth Houlberg Skydsgaard appointed board member
  • Per-Henrik Ole Nielsen appointed ceo
  • Anders Tvegaard stepped down as board member
  • Ole Bjørvig Pedersen stepped down as chair of the board
  • Søren Lund stepped down as ceo
20171 changemanagement 1
  • Per Kirchner stepped down as board member
20163 changesownership 2 · address 1
  • MVP HOLDING 2007 ApS registered as owner (25%)
  • WWW.NETINVEST ApS is no longer registered as owner
  • Moved to Vesterbrogade 149, 1620 København V
20152 changescapital 1 · management 1
  • Share capital changed from 500,000 DKK to 560,000 DKK
  • Anders Tvegaard appointed board member
20147 changesmanagement 3 · ownership 4
  • Per Kirchner appointed board member
  • Morten Olsen stepped down as board member
  • Jakob Aggergaard Mikkelsen stepped down as board member
  • BIRK LUND HOLDING ApS registered as owner (25%)
  • LANSTORP HOLDING ApS registered as owner (20%)
  • SKYDSDAL HOLDING ApS registered as owner (10%)
  • WWW.NETINVEST ApS registered as owner (25%)
20111 changemanagement 1
  • Jakob Aggergaard Mikkelsen stepped down as udviklingsdirektør
20091 changemanagement 1
  • Christoffer Hostrup Lanstorp appointed board member
20081 changeindustry 1
  • Industry changed to Other software publishing (582900)
20072 changesname 1 · management 1
  • Name changed from TIMELOG ApS to TIMELOG A/S
  • Søren Lund stepped down as board member
20064 changesmanagement 4
  • Søren Lund appointed board member
  • Morten Olsen appointed board member
  • Ole Bjørvig Pedersen appointed chair of the board
  • Bo Sejer Frandsen stepped down as board member
20053 changesaddress 2 · management 1
  • Moved to Alhambravej 5, 1826 Frederiksberg C
  • Moved to Fruebjergvej 3, 2, 2100 København Ø
  • Claus Krogh Riekehr Møller stepped down as board member
20031 changeindustry 1
  • Industry changed to Udvikling af standardsoftware (722100)
20019 changesmanagement 7 · name 1 · founded 1
  • Jakob Aggergaard Mikkelsen appointed udviklingsdirektør
  • Søren Lund appointed ceo
  • Søren Raundahl Andersen stepped down as director
  • Name changed from TIMELOC ApS UNDER STIFTELSE to TIMELOG ApS
  • Bo Sejer Frandsen appointed board member
  • Claus Krogh Riekehr Møller appointed board member
  • Jakob Aggergaard Mikkelsen appointed board member
  • Registered as TIMELOC ApS UNDER STIFTELSE
  • Søren Raundahl Andersen appointed director

Related companies

Same industry in Frederiksberg

See all →

Same people in management

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.

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