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TIME WATCHES AS
AS
Active
Org 925581240
Bekkeveien 19, 0667 Oslo
Retail sale of second-hand goods · NACE 4779
Est. 2020
1 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 61,6M
+21% vs 2023
EBITDA margin
-0.8%
-145% vs 2023
Equity ratio
2.5%
Financial strength
Net profit 2024
NOK -668K
-303% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2020
0M
0%
2021
0M
0%
2022
1M
+100%
2023
0M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 61,6M
+21%
EBITDA
NOK -499K
-145%
Net profit
NOK -668K
-303%
Total assets
NOK 5,9M
+6%
Equity
NOK 150K
-82%
Employees
1
—
Company information
Legal name
TIME WATCHES AS
Org number
925581240
Legal form
Aksjeselskap
NACE code
4779 · Retail sale of second-hand goods
Founded
4. september 2020
Share capital
NOK 30 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Kjøp og salg av klokker i luksussegmentet med fokus på bruktmarkedet samt hva som naturlig hører til dette.
Contact
Address
Bekkeveien 19, 0667 Oslo
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Companies in Retail sale of second-hand goods
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
18M
36M
53M
71M
2M
2020
24M
2021
55M
2022
51M
2023
62M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
1M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
1 569
24 416
54 936
50 912
61 593
Staff expenses
−0
−116
−351
−407
−304
EBITDA
32
142
433
1 110
−499
Depreciation & amort.
−0
−0
−16
−34
−24
EBIT
32
142
417
1 077
−523
Net financials
−0
0
36
−644
−145
Profit before tax
31
142
453
433
−668
Tax
6
40
116
104
−0
Net profit
26
103
337
329
−668
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
74
1 766
1 199
5 626
5 944
Equity
50
153
490
818
150
Long-term debt
0
0
0
110
0
Short-term debt
24
1 613
709
4 698
5 794
Total debt
24
1 613
709
4 808
5 794
Financial ratios
5-year trend
EBITDA margin
-0.8%
This company
15.8%
Market median
-105% vs market
2020
2024
Equity ratio
2.5%
This company
38.2%
Market median
-93% vs market
2020
2024
Return on equity
-444.8%
This company
18.4%
Market median
-2517% vs market
2020
2024
Net profit margin
-1.1%
This company
8.1%
Market median
-114% vs market
2020
2024
Asset turnover
10.36×
This company
1.12×
Market median
+825% vs market
2020
2024
Debt / equity
38.57×
This company
0.62×
Market median
-6121% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-08-09 – 2020-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
IB
Ingelin Barstad
Chairman
2020
KZ
Khurram Zulfiqar
Board of Directors
2023
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Umaid Mahmood
Individual
10%
10%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of TIME WATCHES AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ingelin Barstad
Chairman
0 companies
Khurram Zulfiqar
Board of Directors
0 companies