WESTMINSTER TIME ApS

Q: What is the CVR number of WESTMINSTER TIME ApS?

WESTMINSTER TIME ApS is registered with CVR / Virk under CVR 28115199.

Q: Where is WESTMINSTER TIME ApS headquartered?

WESTMINSTER TIME ApS's registered address is Rørsangervej 7.

APSBankruptAdvertising protection

CVR 28115199Rørsangervej 7, 3660 StenløseWholesale of watches and jewellery· NACE 4648Est. 2004 · 22 years old— employeeshttps://www.westminster.dk

Overview

WESTMINSTER TIME ApS is a Danish APS based in Stenløse, operating in the Wholesale of watches and jewellery sector. Incorporated in 2004, the company reported a gross profit of -DKK 272.8k in its latest annual filing.

Gross profit 2024

-272.8K DKK

−428% vs 2023

EBITDA margin (of gross profit)

100.0 %

−428% vs 2023

Net profit 2024

-111.9K DKK

-248% vs 2023

Key ratios

See full ratios →

-121.4 %

Very weak

Among the 10% lowest rated companies in the industry

20202024

0.5×

Very weak

Among the 20% lowest rated companies in the industry

20202024

-91.9 %

Very weak

Among the 10% lowest rated companies in the industry

20202024

EBITDA — year on year

DKK thousands

Key figures

Annual report 2024

Gross profit	-272.8K DKK	-428%
EBITDA	-272.8K DKK	-428%
Net profit	-111.9K DKK	-248%
Total assets	121.8K DKK	-69%
Equity	-147.9K DKK	-311%
Employees	—	—

Contact

Address

Rørsangervej 7, 3660 Stenløse

Phone

+45 5043 3365

birthe@westminster.dk

Website

https://www.westminster.dk

Advertising protection

Active — opted out of marketing use

Recent events

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Financial development

In its most recent annual report (2024), WESTMINSTER TIME ApS reported a gross profit of -DKK 272.8k, a decrease of 428% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of DKK 111.9k.

At the end of 2024, current assets covered short-term debt 0.5 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2024	2023	2022	2021	2020
Gross profit	-273	83	-62	-12	-15
Staff expenses	-0	-0	-0	-0	-0
EBITDA	-273	83	-62	-12	-15
Depreciation & amort.	-0	-0	-0	-0	-0
EBIT	-273	83	-62	-12	-15
Net financials	161	-8	-10	-10	-8
Profit before tax	-112	75	-72	-22	-23
Tax	-0	-0	-0	-0	-0
Net profit	-112	75	-72	-22	-23

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Balance sheet

DKK thousands

Item	2024	2023	2022	2021	2020
Total assets	122	396	252	527	441
Equity	-148	-36	-111	-39	-16
Long-term debt	0	0	0	0	0
Short-term debt	270	432	363	566	457
Total debt	270	432	363	566	457

Financial ratios

5-year trend

EBITDA margin (of gross profit)

<−999 %

20202024

Equity ratio

-121.4 %

Very weak

Among the 10% lowest rated companies in the industry

20202024

Return on equity

—

20202024

Net profit margin (of gross profit)

<−999 %

20202024

Asset turnover (of gross profit)

-2.24×

20202024

Debt / equity

—

20202024

Sector performance

15 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on assets (ROA)Very weak

Among the 10% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Basic earning power (BEP)Very weak

Among the 10% lowest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on net assets (RONA)Not rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Capacity ratioNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Liquidity

Current ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioWeak

Among the 30% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioWeak

Among the 40% lowest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Cash conversion ratioVery strong

Among the 20% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Current assets to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Debt & solvency

Solidity ratioVery weak

Among the 10% lowest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioVery weak

Among the 10% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Income to debtVery weak

Among the 20% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery weak

Among the 10% lowest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery weak

Among the 10% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtVery strong

Among the 20% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery weak

Among the 10% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Debt to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Efficiency & development

Equity to contributed capitalVery weak

Among the 20% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in debtVery strong

Among the 20% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

One-year change in equityNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The size of this year's increase or decrease in the company's equity.

Annual reports & filings

Annual report 2024
Filed via CVR / Virk · Period 2023-07-01 – 2024-06-30
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-07-01 – 2023-06-30
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-07-01 – 2022-06-30
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-07-01 – 2021-06-30
View PDF
Annual report 2020
Filed via CVR / Virk · Period 2019-07-01 – 2020-06-30
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
BC Birthe Christiansen Founder	Founder	2004

Former (2)


AE Alice Eva Andersen Audit	Audit	2004 – 2007
JC John Christian Langeberg Liquidator	Liquidator	2026 – 2026

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Birthe Christiansen	Individual	100%	100%	2004

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of WESTMINSTER TIME ApS also hold positions in 20 other companies.

Person	Role here	Other companies
John Christian Langeberg	Liquidator	20 companiesMany roles

Frequently asked questions

What is the CVR number of WESTMINSTER TIME ApS?

WESTMINSTER TIME ApS is registered with CVR / Virk under CVR 28115199.

What is the gross profit of WESTMINSTER TIME ApS?

WESTMINSTER TIME ApS reported a gross profit of -DKK 272.8k in 2024.

Where is WESTMINSTER TIME ApS headquartered?

WESTMINSTER TIME ApS's registered address is Rørsangervej 7.