TITECH ELECTRIC A/S: Financial statements 2021
CVR: 25350170
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2021. In 2021, the company reported a gross profit of DKK 54,442,995 and a net result of DKK 4,224,494 compared with DKK 113,796 the year before. That is an increase of 8.7% compared with the year before. Equity in the 2021 report amounted to DKK 21,777,785. The solvency ratio was 42%. The company had 96 employees in the financial year.
- Gross Profit
- DKK 54,442,995
- Profit/Loss
- DKK 4,224,494
- Equity
- DKK 21,777,785
- Total Assets
- DKK 51,790,611
- Employees
- 96
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | - | 54.4 mio. | 4.2 mio. | 21.8 mio. | 96 |
| 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 |
Official annual report
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As of December 13, 2021, Brian Bebe Andersen has left the board of directors of TITECH ELECTRIC A/S.
TITECH ELECTRIC A/S has published its annual report for 2020. Gross profit came to DKK 50,077,405, and the net result was DKK 113,796.
As of May 12, 2021, Henrik Steen-Jørgensen has joined the board of directors of TITECH ELECTRIC A/S.
As of May 12, 2021, Brian Bebe Andersen 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.