TITECH ELECTRIC A/S: Financial statements 2018
CVR: 25350170
Source: annual report 2018, Danish Business Authority
01/01/2018 – 31/12/2018
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2018. In 2018, the company reported a gross profit of DKK 50,973,020 and a net result of DKK 2,019,775 compared with DKK 758,209 the year before. That is an increase of 5.5% compared with the year before. Equity in the 2018 report amounted to DKK 16,392,192. The solvency ratio was 38.1%. The company had 93 employees in the financial year.
- Gross Profit
- DKK 50,973,020
- Profit/Loss
- DKK 2,019,775
- Equity
- DKK 16,392,192
- Total Assets
- DKK 43,071,438
- Employees
- 93
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2018 | - | 51 mio. | 2 mio. | 16.4 mio. | 93 |
| 2017 | - | 48.3 mio. | 758 t. | 14.4 mio. | 88 |
| 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 |
Official annual report
Fetch this data via API
Every Danish company, financial statement and ownership record — straight into your own systems or your AI assistant via MCP.
See the API documentationEvents in 2018
TITECH ELECTRIC A/S has published its annual report for 2017. Gross profit came to DKK 48,333,736, and the net result was DKK 758,209.
As of January 19, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of TITECH ELECTRIC A/S.
As of January 19, 2018, CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB has stepped down as auditor 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.