TITECH ELECTRIC A/S: Financial statements 2022
CVR: 25350170
Source: annual report 2022, Danish Business Authority
01/01/2022 – 31/12/2022
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2022. In 2022, the company reported a gross profit of DKK 68,793,382 and a net result of DKK 7,571,337 compared with DKK 4,224,494 the year before. That is an increase of 26.4% compared with the year before. Equity in the 2022 report amounted to DKK 25,349,122. The solvency ratio was 39%. The company had 99 employees in the financial year.
- Gross Profit
- DKK 68,793,382
- Profit/Loss
- DKK 7,571,337
- Equity
- DKK 25,349,122
- Total Assets
- DKK 64,938,321
- Employees
- 99
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2022 | - | 68.8 mio. | 7.6 mio. | 25.3 mio. | 99 |
| 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 |
Official annual report
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Set up monitoringEvents in 2022
As of October 28, 2022, Jesper Steenstrup is registered as director of TITECH ELECTRIC A/S.
TITECH ELECTRIC A/S has published its annual report for 2021. Gross profit came to DKK 54,442,995, and the net result was DKK 4,224,494.
As of May 10, 2022, Henrik Dueholm Madsen has joined the board of directors of TITECH ELECTRIC A/S.
As of May 10, 2022, Christopher Nysted Sørensen 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.