Tungsten Automation Development A/S: Financial statements 2020
CVR: 21382086
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
Tungsten Automation Development A/S (CVR 21382086) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 14,546,733 and a net result of DKK 5,146,267 compared with DKK 9,713,527 the year before. That is a decrease of 37.5% compared with the year before. Equity in the 2020 report amounted to DKK 49,957,529. The solvency ratio was 82%. The company had 13 employees in the financial year.
- Gross Profit
- DKK 14,546,733
- Profit/Loss
- DKK 5,146,267
- Equity
- DKK 49,957,529
- Total Assets
- DKK 60,922,775
- Employees
- 13
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 14.5 mio. | 5.1 mio. | 50 mio. | 13 |
| 2019 | - | 23.3 mio. | 9.7 mio. | 44.8 mio. | 14 |
| 2018 | - | 20.2 mio. | 10.1 mio. | 35.1 mio. | 13 |
| 2017 | - | 23.3 mio. | 11.8 mio. | 25 mio. | 13 |
| 2016 | - | 40.7 mio. | 25.3 mio. | 13.2 mio. | 17 |
Official annual report
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Tungsten Automation Development A/S has published its annual report for 2019. Gross profit came to DKK 23,288,720, and the net result was DKK 9,713,527.
About Tungsten Automation Development A/S
Tungsten Automation Development A/S is a Danish company of the type Aktieselskab based in Herlev, founded in 1999. The company is registered under the industry Anden udgivelse af software. The company was previously named Kofax Development A/S and KAPOW TECHNOLOGIES A/S. The management consists of Christian Jörg Franz Hefner. The board consists of Martin Gustav Oberholzer (chair), Christian Jörg Franz Hefner and Peter Lawrence. The company is owned by Tungsten Holdings Corporation US. The company has 10 employees (2026). In 2025, the company reported a gross profit of DKK 12,216,011 and a net result of DKK 3,940,703 compared with DKK 1,362,607 the year before. Equity in the 2025 report amounted to DKK 66,847,765.