TITECH ELECTRIC A/S: Financial statements 2016
CVR: 25350170
Source: annual report 2016, Danish Business Authority
01/01/2016 – 31/12/2016
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2016. In 2016, the company reported a gross profit of DKK 42,604,367 and a net result of DKK -1,530,568 compared with DKK 2,025,986 the year before. That is a decrease of 0.1% compared with the year before. Equity in the 2016 report amounted to DKK 10,414,208. The solvency ratio was 26%. The company had 93 employees in the financial year.
- Gross Profit
- DKK 42,604,367
- Profit/Loss
- DKK -1,530,568
- Equity
- DKK 10,414,208
- Total Assets
- DKK 40,107,374
- Employees
- 93
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2016 | - | 42.6 mio. | -1.5 mio. | 10.4 mio. | 93 |
| 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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TITECH ELECTRIC A/S has published its annual report for 2015. Gross profit came to DKK 42,654,110, and the net result was DKK 2,025,986.
As of January 27, 2016, Ulrik Juul has joined the board of directors of TITECH ELECTRIC A/S.
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.