Tungsten Automation Development A/S: Financial statements 2024
CVR: 21382086
Source: annual report 2024, Danish Business Authority
01/01/2024 – 31/12/2024
Tungsten Automation Development A/S (CVR 21382086) has filed annual accounts for 2024. In 2024, the company reported a gross profit of DKK 12,855,439 and a net result of DKK 1,362,607 compared with DKK 3,277,221 the year before. That is a decrease of 13% compared with the year before. Equity in the 2024 report amounted to DKK 62,907,062. The solvency ratio was 59.3%. The company had 13 employees in the financial year.
- Gross Profit
- DKK 12,855,439
- Profit/Loss
- DKK 1,362,607
- Equity
- DKK 62,907,062
- Total Assets
- DKK 106,110,550
- Employees
- 13
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2024 | - | 12.9 mio. | 1.4 mio. | 62.9 mio. | 13 |
| 2023 | - | 14.8 mio. | 3.3 mio. | 61.5 mio. | 13 |
| 2022 | - | 13.3 mio. | 3.8 mio. | 58.3 mio. | 10 |
| 2021 | - | 13.3 mio. | 4.5 mio. | 54.4 mio. | 11 |
| 2020 | - | 14.5 mio. | 5.1 mio. | 50 mio. | 13 |
Official annual report
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Tungsten Automation Development A/S has published its annual report for 2023. Gross profit came to DKK 14,776,584, and the net result was DKK 3,277,221.
On January 15, 2024, the company changed its name from Kofax Development A/S to Tungsten Automation Development A/S.
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.