TITECH ELECTRIC A/S: Financial statements 2015
CVR: 25350170
Source: annual report 2015, Danish Business Authority
01/01/2015 – 31/12/2015
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2015. In 2015, the company reported a gross profit of DKK 42,654,110 and a net result of DKK 2,025,986 compared with DKK 1,975,897 the year before. That is an increase of 16.6% compared with the year before. Equity in the 2015 report amounted to DKK 11,944,776. The solvency ratio was 28.5%. The company had 88 employees in the financial year.
- Gross Profit
- DKK 42,654,110
- Profit/Loss
- DKK 2,025,986
- Equity
- DKK 11,944,776
- Total Assets
- DKK 41,865,094
- Employees
- 88
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2015 | - | 42.7 mio. | 2 mio. | 11.9 mio. | 88 |
| 2014 | - | 36.6 mio. | 2 mio. | 11.9 mio. | 78 |
| 2013 | - | 39.3 mio. | 2.9 mio. | 11.9 mio. | 74 |
| 2012 | - | 37.7 mio. | 418 t. | 9.1 mio. | 78 |
Official annual report
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As of May 18, 2015, Torben Nørgaard Hansen has left the board of directors of TITECH ELECTRIC A/S.
TITECH ELECTRIC A/S has published its annual report for 2014. Gross profit came to DKK 36,595,664, and the net result was DKK 1,975,897.
About TITECH ELECTRIC A/S
TITECH ELECTRIC A/S is a Danish company of the type Aktieselskab based in Odense SØ, founded in 2000. The company is registered under the industry Fremstilling af elektriske fordelings- og kontrolapparater. The company was previously named TITECH ELECTRIC ApS. The management consists of Peter Løfgren Ring, Jesper Steenstrup and Tom Henriksen. The board consists of Allan Jan Formann Kristensen (chair), Jeppe Allert Madsen and Peter Løfgren Ring. The company is owned by Elcor Group ApS. The company has 209 employees (2026). In 2025, the company reported a gross profit of DKK 111,183,216 and a net result of DKK 8,778,811 compared with DKK 21,326,869 the year before. Equity in the 2025 report amounted to DKK 59,650,012.