TITECH ELECTRIC A/S: Financial statements 2020
CVR: 25350170
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 50,077,405 and a net result of DKK 113,796 compared with DKK 1,047,303 the year before. That is an increase of 0.1% compared with the year before. Equity in the 2020 report amounted to DKK 17,553,291. The solvency ratio was 38.1%. The company had 101 employees in the financial year.
- Gross Profit
- DKK 50,077,405
- Profit/Loss
- DKK 113,796
- Equity
- DKK 17,553,291
- Total Assets
- DKK 46,027,972
- Employees
- 101
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 50.1 mio. | 114 t. | 17.6 mio. | 101 |
| 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 |
Official annual report
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TITECH ELECTRIC A/S has published its annual report for 2019. Gross profit came to DKK 50,015,264, and the net result was DKK 1,047,303.
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.