NORTEC A/S: Financial statements 2020
CVR: 19992306
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
NORTEC A/S (CVR 19992306) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 60,548,045 and a net result of DKK 11,178,758 compared with DKK 14,630,607 the year before. That is a decrease of 6.3% compared with the year before. Equity in the 2020 report amounted to DKK 39,304,534. The solvency ratio was 20.2%. The company had 65 employees in the financial year.
- Gross Profit
- DKK 60,548,045
- Profit/Loss
- DKK 11,178,758
- Equity
- DKK 39,304,534
- Total Assets
- DKK 195,049,489
- Employees
- 65
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 60.5 mio. | 11.2 mio. | 39.3 mio. | 65 |
| 2019 | - | 64.6 mio. | 14.6 mio. | 28.1 mio. | 58 |
| 2018 | - | 44.9 mio. | 3.2 mio. | 27.7 mio. | 52 |
| 2017 | - | 40.1 mio. | 3.9 mio. | 24.5 mio. | 45 |
| 2016 | - | 35 mio. | 2.9 mio. | 12.4 mio. | 52 |
Official annual report
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NORTEC A/S has published its annual report for 2019. Gross profit came to DKK 64,605,105, and the net result was DKK 14,630,607.
As of June 15, 2020, Torben Bang has joined the board of directors of NORTEC A/S.
As of June 15, 2020, Lars Walter Høeg has left the board of directors of NORTEC A/S.
About NORTEC A/S
NORTEC A/S is a Danish company of the type Aktieselskab based in Vejle, founded in 1997. The company is registered under the industry Engroshandel med hvidevarer og elektriske husholdningsartikler. The company was previously named NORTEC SYSTEM A/S and VASCANDIC A/S. The management consists of Michael Sand and Morten Elgaard Bak. The board consists of Torben Bang (chair), Bjarne Lykkegård Riis, Christian Lund Madsen and Henrik Sørensen. The company's owners include STENSEMINDE HOLDING ApS, 4M HOLDING ApS and Norland Invest ApS. The company has 126 employees (2026). In 2025, the company reported a gross profit of DKK 107,199,089 and a net result of DKK 12,300,686 compared with DKK 17,837,694 the year before. Equity in the 2025 report amounted to DKK 102,095,979.