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Timemsystem ApS

Private limited companyCVR 32783899København VActive

Timemsystem ApS is a private limited company, based in København V, active in other software publishing, founded in 2010. Net profit rose 14% from 2024 to 2025, ending at DKK 7.5m. Profit has grown three years in a row. With 26 employees, the company is about 7 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 28.8m+14.4% vs. 2024
Net profitDKK 7.5m+13.9% vs. 2024
EquityDKK 19.8m+61.4% vs. 2024
Employees26latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 14% (2024 → 2025), to DKK 28.8m.
  • Net profit rose 14% (2024 → 2025), to DKK 7.5m.
  • Equity rose 61% (2024 → 2025), to DKK 19.8m.

Employees

  • 4 fewer employees than a year earlier: 26 (08/2026) against 30 (08/2025).

Management and owners, last 24 months

  • New in management: Berit Braut (chair of the board, 11/02/2025), Edda Karen Davidsdottir (board member, 31/08/2026) and Thea Boje Windfeldt (ceo, 01/09/2026) (+5).
  • Stepped down: Dan Thordahl Jørgensen (board member, 11/02/2025), Mikkel Bjerregaard (board member, 11/02/2025) and Thea Boje Windfeldt (ceo, 31/05/2025) (+7).

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 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18mDKK 20m202020212022202320242025
EquityNet profit
Financial figures for Timemsystem ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit16,84018,57119,95223,61225,20328,822+14.4%
Operating profit (EBIT)3107101,0544,7547,9099,233+16.7%
Profit before tax2866401,0015,0118,4489,699+14.8%
Net profit2564967343,9006,6197,541+13.9%
Total assets5,3577,9367,97112,04520,92426,848+28.3%
Equity1,2341,7312,4645,66412,28319,825+61.4%
Liabilities3,8205,8595,2986,3018,6387,023−18.7%
Cash and cash equivalents1,2940–68125132+5.4%
Average number of employees302830282628+7.7%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
Gross profitMedian, the industry (499 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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
Annual reports for Timemsystem ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202513/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202215/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202102/02/2022The companyPDFXBRL
202001/01/2020 – 31/12/202011/02/2021The 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
05101520253009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 28.8mNo. 53 of 494
Better than 89% of the companies in the industry
EquityDKK 19.8mNo. 58 of 499
Better than 89% of the companies in the industry
Number of employees26No. 53 of 499
Better than 90% 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. 1,449of 9,892
Better than 85%
No. 1,764of 9,922
Better than 82%
Same industry and 20–49 employees64 companies in the comparison
No. 20of 63
Better than 69%
No. 18of 64
Better than 73%
Companies that are between 15 and 29 years old24,906 companies in the comparison
No. 2,453of 24,787
Better than 90%
No. 4,463of 24,905
Better than 82%
All companies of type ApS66,508 companies in the comparison
No. 1,518of 66,379
Better than 98%
No. 4,268of 66,505
Better than 94%

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. Timemsystem ApSDKK 28.8m
  2. Milestone Systems A/SDKK 2bn
  3. Visma e-conomic A/SDKK 880.2m
Net profit
  1. Timemsystem ApSDKK 7.5m
  2. Milestone Systems A/SDKK 183.4m
  3. Visma e-conomic A/SDKK 456.2m
Equity
  1. Timemsystem ApSDKK 19.8m
  2. Milestone Systems A/SDKK 1.7bn
  3. Visma e-conomic A/SDKK 471.5m
Employees
  1. Timemsystem ApS26
  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
  • Visma Danmark Holding A/S100%
Timemsystem ApS

Management

3 active registrations

Executive management

Executive management at Timemsystem ApS
NameRoleAppointed
Thea Boje WindfeldtCEO01/09/2026

Board of directors

Board of directors at Timemsystem ApS
NameRoleAppointed
Berit BrautChair of the board11/02/2025
Edda Karen DavidsdottirBoard member31/08/2026
Founders
Glen Mandsberg, Ktc2 Holding ApS, Kcon ApS, Badura Holding ApS
Former management (31)
Former management at Timemsystem ApS
NameRoleAppointedResigned
Jens Peter Jensen MøllerBoard member05/03/201015/06/2012
Glen MandsbergDirector05/03/201001/03/2012
Finn GeislerChair of the board05/03/201009/05/2012
Khanh Bao Nguyen-CongDirector05/03/201031/03/2023
Jan Wolfgang BaduraBoard member05/03/201003/03/2021
Jan Wolfgang BaduraCEO01/11/201131/03/2023
Glen MandsbergChair of the board09/05/201201/06/2012
Helge KaltoftChair of the board01/06/201203/03/2021
Khanh Bao Nguyen-CongBoard member15/06/201203/03/2021
Lars Engell BerthelsenChair of the board03/03/202111/08/2022
Carsten Boje MøllerBoard member03/03/202120/04/2021
Michael AssamBoard member03/03/202111/08/2022
Kasper LyhrBoard member20/04/202110/08/2022
René Stampe LundBoard member20/04/202111/08/2022
Niels Trolle ØrbergBoard member10/01/202211/08/2022
Dan Thordahl JørgensenBoard member11/08/202211/02/2025
Kasper LyhrChair of the board11/08/202202/01/2024
Allan HamiltonBoard member11/08/202205/06/2024
Mikkel BjerregaardBoard member11/08/202211/02/2025
Khanh Bao Nguyen-CongCEO01/04/202322/01/2024
Berit BrautChair of the board02/01/202405/06/2024
Thea Boje WindfeldtCEO22/01/202431/05/2025
Anne-Sofie Bagger ErsgardBoard member16/02/202401/07/2024
Cristian NicoaraBoard member16/02/202417/03/2026
Allan HamiltonChair of the board06/06/202410/02/2025
Berit BrautBoard member06/06/202401/07/2024
Allan HamiltonBoard member11/02/202528/01/2026
Edgars DzenuškaBoard member11/02/202531/08/2026
Thomas PedersenCEO01/06/202531/08/2026
Anders HejselbakBoard member28/01/202631/08/2026
Kim Mikael HisingerBoard member18/03/202631/08/2026

Signing rule: Selskabet tegnes af en direktører og bestyrelsesformanden i forening.

Address and production units

1 active production units

Gærtorvet 3
1799 København V

København Municipality · Postcode 1799

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
TIMEmSYSTEM ApSGærtorvet 3, 1799 København V261015901817

Purpose

Selskabets formål er at drive virksomhed med udvikling og vedligeholdelse af softwareprodukter, samt at udøve enhver aktivitet, der efter ledelsens skøn er forbundet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

84 registered events
202611 changesmanagement 10 · accounts 1
  • Thea Boje Windfeldt appointed ceo
  • Edda Karen Davidsdottir appointed board member
  • Kim Mikael Hisinger stepped down as board member
  • Anders Hejselbak stepped down as board member
  • Thomas Pedersen stepped down as ceo
  • Edgars Dzenuška stepped down as board member
  • Annual report for 2025 published
  • Kim Mikael Hisinger appointed board member
  • Cristian Nicoara stepped down as board member
  • Anders Hejselbak appointed board member
  • Allan Hamilton stepped down as board member
20259 changesaccounts 1 · management 8
  • Annual report for 2024 published
  • Thomas Pedersen appointed ceo
  • Thea Boje Windfeldt stepped down as ceo
  • Edgars Dzenuška appointed board member
  • Berit Braut appointed chair of the board
  • Allan Hamilton appointed board member
  • Dan Thordahl Jørgensen stepped down as board member
  • Mikkel Bjerregaard stepped down as board member
  • Allan Hamilton stepped down as chair of the board
202413 changesmanagement 12 · accounts 1
  • Berit Braut stepped down as board member
  • Anne-Sofie Bagger Ersgard stepped down as board member
  • Allan Hamilton appointed chair of the board
  • Berit Braut appointed board member
  • Berit Braut stepped down as chair of the board
  • Allan Hamilton stepped down as board member
  • Annual report for 2023 published
  • Cristian Nicoara appointed board member
  • Anne-Sofie Bagger Ersgard appointed board member
  • Thea Boje Windfeldt appointed ceo
  • Khanh Bao Nguyen-Cong stepped down as ceo
  • Berit Braut appointed chair of the board
  • Kasper Lyhr stepped down as chair of the board
20235 changesaccounts 1 · name 1 · management 3
  • Annual report for 2022 published
  • Name changed from Visma - timemsystem ApS to TIMEmSYSTEM ApS
  • Khanh Bao Nguyen-Cong appointed ceo
  • Jan Wolfgang Badura stepped down as ceo
  • Khanh Bao Nguyen-Cong stepped down as director
202213 changesaddress 1 · management 10 · name 1 · accounts 1
  • Moved to Gærtorvet 3, 1799 København V
  • Allan Hamilton appointed board member
  • Dan Thordahl Jørgensen appointed board member
  • Kasper Lyhr appointed chair of the board
  • Mikkel Bjerregaard appointed board member
  • Niels Trolle Ørberg stepped down as board member
  • René Stampe Lund stepped down as board member
  • Lars Engell Berthelsen stepped down as chair of the board
  • Michael Assam stepped down as board member
  • Kasper Lyhr stepped down as board member
  • Name changed from TIMEMSYSTEM ApS to Visma - timemsystem ApS
  • Annual report for 2021 published
  • Niels Trolle Ørberg appointed board member
202113 changesmanagement 9 · ownership 3 · accounts 1
  • René Stampe Lund appointed board member
  • Kasper Lyhr appointed board member
  • Carsten Boje Møller stepped down as board member
  • Lars Engell Berthelsen appointed chair of the board
  • Michael Assam appointed board member
  • Carsten Boje Møller appointed board member
  • Khanh Bao Nguyen-Cong stepped down as board member
  • Helge Kaltoft stepped down as chair of the board
  • Jan Wolfgang Badura stepped down as board member
  • VISMA DANMARK HOLDING A/S registered as owner (100%)
  • KTC2 HOLDING ApS is no longer registered as owner
  • BADURA HOLDING ApS is no longer registered as owner
  • Annual report for 2020 published
20171 changeaddress 1
  • Moved to Stationsparken 24, 3, 2600 Glostrup
20133 changesname 1 · ownership 2
  • Name changed from TIMEMANAGEMENTSYSTEM ApS to TIMEMSYSTEM ApS
  • KTC2 HOLDING ApS registered as owner (50%)
  • BADURA HOLDING ApS registered as owner (50%)
20128 changesmanagement 7 · merger 1
  • Khanh Bao Nguyen-Cong appointed board member
  • Jens Peter Jensen Møller stepped down as board member
  • Helge Kaltoft appointed chair of the board
  • Glen Mandsberg stepped down as chair of the board
  • Merger registered in CVR
  • Glen Mandsberg appointed chair of the board
  • Finn Geisler stepped down as chair of the board
  • Glen Mandsberg stepped down as director
20111 changemanagement 1
  • Jan Wolfgang Badura appointed ceo
20107 changesindustry 1 · founded 1 · management 5
  • Industry changed to Other software publishing (582900)
  • Registered as TIMEMANAGEMENTSYSTEM ApS
  • Glen Mandsberg appointed director
  • Jan Wolfgang Badura appointed board member
  • Khanh Bao Nguyen-Cong appointed director
  • Finn Geisler appointed chair of the board
  • Jens Peter Jensen Møller appointed board member

Related companies

Same industry in København

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.

View in CVRReport a correction