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Timengo A/S

Public limited companyCVR 28294778BallerupActive

Timengo A/S is a public limited company, based in Ballerup, active in wholesale of information and communication equipment, founded in 2004. Net profit rose 131% from 2025 to 2026, ending at DKK 2.3m. Profit has grown three years in a row. With 61 employees, the company is about 12 times larger than the industry median.

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Key figures · financial year 2026

Gross profitDKK 48.7m+17% vs. 2025
Net profitDKK 2.3m+131.2% vs. 2025
EquityDKK 12.3m+23.2% vs. 2025
Employees61latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit rose 17% (2025 → 2026), to DKK 48.7m.
  • Net profit rose 131% (2025 → 2026), to DKK 2.3m.
  • Equity rose 23% (2025 → 2026), to DKK 12.3m.

Employees

  • 8 more employees than a year earlier: 61 (08/2026) against 53 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of information and communication equipment (465000)

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 2021–2026 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202120222023202420252026
EquityNet profit
Financial figures for Timengo A/S
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit37,43235,79540,04434,70841,63848,737+17%
Operating profit (EBIT)3,9183,2503141531,2363,058+147.5%
Profit before tax4,2613,3513772981,3863,069+121.5%
Net profit3,5012,7784642211,0012,316+131.2%
Total assets40,38458,12240,45662,90446,20558,771+27.2%
Equity13,50112,77810,4645,2179,96812,284+23.2%
Liabilities26,10744,31329,04757,22435,43345,498+28.4%
Cash and cash equivalents4,77833,26931315,0067,69116,808+118.5%
Average number of employees444446414853+10.4%

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 2021, 2022, 2023, 2024, 2025, 2026: 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 50m202120222023202420252026
Gross profitMedian, the industry (543 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Profit for five years in a row

    Net result has been positive in 2022–2026.

    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 Timengo A/S
Financial yearPeriodPublishedFigures forDocuments
202601/04/2025 – 31/03/202619/06/2026The companyPDF not statedXBRL
202501/04/2024 – 31/03/202530/06/2025The companyPDF not statedXBRL
202401/04/2023 – 31/03/202409/09/2024The companyPDFXBRL
202301/04/2022 – 31/03/202315/06/2023The companyPDFXBRL
202201/04/2021 – 31/03/202227/06/2022The companyPDFXBRL
202101/04/2020 – 31/03/202107/06/2021The 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

543 companies in the database

Comparison with the other companies in wholesale of information and communication equipment based on the latest financial year.

Gross profitDKK 48.7mNo. 54 of 542
Better than 90% of the companies in the industry
EquityDKK 12.3mNo. 137 of 543
Better than 75% of the companies in the industry
Number of employees61No. 59 of 543
Better than 89% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 594k, equity DKK 3.9m, 5 employees.

DKK 100kDKK 1mDKK 10.9mDKK 114.3mDKK 546.2mHere
Distribution of gross profit for 522 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 50–199 employees4,467 companies in the comparison
No. 1,844of 4,412
Better than 58%
No. 2,688of 4,466
Better than 40%
Same industry and 50–199 employees46 companies in the comparison
No. 37of 45
Better than 18%
No. 38of 46
Better than 18%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,457of 24,791
Better than 94%
No. 5,919of 24,909
Better than 76%
All companies of type A/S18,025 companies in the comparison
No. 2,976of 17,786
Better than 83%
No. 7,947of 18,024
Better than 56%

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

Wholesale of information and communication equipment
Gross profit
  1. Timengo A/SDKK 48.7m
  2. Atea A/SDKK 1.2bn
  3. Siemens AktieselskabDKK 448.5m
Net profit
  1. Timengo A/SDKK 2.3m
  2. Atea A/SDKK 2.2m
  3. Siemens AktieselskabDKK 93.5m
Equity
  1. Timengo A/SDKK 12.3m
  2. Atea A/SDKK 694.3m
  3. Siemens AktieselskabDKK 279.7m
Employees
  1. Timengo A/S61
  2. Atea A/S1,550
  3. Siemens Aktieselskab640

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
  • Timengo Holding ApS90%
  • Michael Bosholdt Holding ApS5%
Timengo A/S

Management

4 active registrations

Executive management

Executive management at Timengo A/S
NameRoleAppointed
Glenn Erik Nørgaard-NielsenCEO10/10/2016

Board of directors

Board of directors at Timengo A/S
NameRoleAppointed
Kim BerntsenBoard member08/12/2004
Glenn Erik Nørgaard-NielsenBoard member11/03/2008
Martin LundsgaardChair of the board20/05/2020
Founders
Frank Rødsø Kristensen, Claus Israel Andersen, Michael Frits Tordrup
Former management (8)
Former management at Timengo A/S
NameRoleAppointedResigned
Frank Rødsø KristensenCEO08/12/200410/10/2016
Michael Frits TordrupBoard member15/05/200601/01/2007
Frank Rødsø KristensenBoard member15/05/200618/04/2017
Thomas Gregers HonoreBoard member11/03/200828/09/2016
Christine WaldmannChair of the board11/03/200820/06/2016
Morten BoysenChair of the board21/06/201620/05/2020
Martin LundsgaardBoard member18/10/201819/05/2020
Tom ChristensenBoard member23/10/201820/05/2020

Signing rule: Selskabet tegnes af den samlede bestyrelse eller af to bestyrelsesmedlemmer i forening med den administrerende direktør.

Address and production units

1 active production units

Lautrupvang 1
2750 Ballerup

Ballerup Municipality · Postcode 2750

Other companies at the address (6)

Production units
Production unitAddressEmployeesP number
TIMENGO A/SLautrupvang 1, 2750 Ballerup611010991990

Purpose

Selskabets formål er at drive virksomhed indenfor IT- og datasikkerhed og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

46 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2025 published
  • Industry changed to Wholesale of information and communication equipment (465000)
20246 changesaccounts 1 · capital 1 · ownership 3 · merger 1
  • Annual report for 2024 published
  • Share capital changed from 501,000 DKK to 541,622 DKK
  • TIMENGO HOLDING ApS registered as owner (90%)
  • MICHAEL BOSHOLDT HOLDING ApS registered as owner (5%)
  • Merger registered in CVR
  • TIMENGO HOLDING ApS is no longer registered as owner
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
20204 changesmanagement 4
  • Martin Lundsgaard appointed chair of the board
  • Tom Christensen stepped down as board member
  • Morten Boysen stepped down as chair of the board
  • Martin Lundsgaard stepped down as board member
20192 changesname 1 · address 1
  • Name changed from TIMENGO ApS to TIMENGO A/S
  • Moved to Lautrupvang 1, 2750 Ballerup
20187 changesaddress 1 · management 2 · name 2 · capital 1 · merger 1
  • Moved to Lautrupvang 1, 2750 Ballerup
  • Tom Christensen appointed board member
  • Name changed from MSEC ApS to TIMENGO ApS
  • Share capital changed from 500,000 DKK to 501,000 DKK
  • Martin Lundsgaard appointed board member
  • Merger registered in CVR
  • Name changed from MSEC A/S to MSEC ApS
20171 changemanagement 1
  • Frank Rødsø Kristensen stepped down as board member
20165 changesmanagement 5
  • Glenn Erik Nørgaard-Nielsen appointed ceo
  • Frank Rødsø Kristensen stepped down as ceo
  • Thomas Gregers Honore stepped down as board member
  • Morten Boysen appointed chair of the board
  • Christine Waldmann stepped down as chair of the board
20141 changeaddress 1
  • Moved to Generatorvej 6B, 1, 2860 Søborg
20111 changeindustry 1
  • Industry changed to Engroshandel med computere, ydre enheder og software (465100)
20091 changeaddress 1
  • Moved to Generatorvej 6B, 1, 2730 Herlev
20084 changesmanagement 3 · industry 1
  • Glenn Erik Nørgaard-Nielsen appointed board member
  • Thomas Gregers Honore appointed board member
  • Christine Waldmann appointed chair of the board
  • Industry changed to Konsulentbistand vedrørende informationsteknologi (620200)
20071 changemanagement 1
  • Michael Frits Tordrup stepped down as board member
20062 changesmanagement 2
  • Michael Frits Tordrup appointed board member
  • Frank Rødsø Kristensen appointed board member
20045 changesindustry 1 · founded 1 · management 2 · ownership 1
  • Industry changed to Udvikling af kundespecifikt software og konsulentbistand i forbindelse med software (722200)
  • Registered as MSEC A/S
  • Kim Berntsen appointed board member
  • Frank Rødsø Kristensen appointed ceo
  • TIMENGO HOLDING ApS registered as owner (100%)

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Same people in management

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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