In its annual report, Timzer Invest reports net revenue of $195,882 for the fiscal year 2021 from all its operations, an increase of 818.5%.
After accounting for costs, including depreciation, taxes, and wages, the company reports a net profit of $114,604, an increase of 1,113%.
Tim Stadel Clausen, the founder and CEO of Timzer Invest, reports in the annual report that “Timzer Invest has experienced strong economic progress in the fiscal year, which has resulted in both a revenue and result far greater than in previous years”.
$3,041 was generated from financial investments, while financial costs amounted to -$2,609.
You can read the full annual report on Timzer Invest’s page on the Danish Central Business Register.
The exchange rate DKK/USD 6.29 – the average exchange rate for the year 2021 is used to calculate the financial results in dollars.