TITECH ELECTRIC A/S: Financial statements 2019
CVR: 25350170
Source: annual report 2019, Danish Business Authority
01/01/2019 – 31/12/2019
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2019. In 2019, the company reported a gross profit of DKK 50,015,264 and a net result of DKK 1,047,303 compared with DKK 2,019,775 the year before. That is a decrease of 1.9% compared with the year before. Equity in the 2019 report amounted to DKK 17,439,495. The solvency ratio was 38.2%. The company had 99 employees in the financial year.
- Gross Profit
- DKK 50,015,264
- Profit/Loss
- DKK 1,047,303
- Equity
- DKK 17,439,495
- Total Assets
- DKK 45,712,951
- Employees
- 99
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2019 | - | 50 mio. | 1 mio. | 17.4 mio. | 99 |
| 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 |
Official annual report
Screen every Danish company
Combine filters on financials, industry, geography, property and risk, and instantly see which companies match.
Try company screeningEvents in 2019
TITECH ELECTRIC A/S has published its annual report for 2018. Gross profit came to DKK 50,973,020, and the net result was DKK 2,019,775.
As of May 22, 2019, Tine Juul has joined the board of directors of TITECH ELECTRIC A/S.
As of May 22, 2019, Otto Frederik Spliid has left the board of directors of TITECH ELECTRIC A/S.
As of May 22, 2019, Per Rasmus Rasmussen has left 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.