TITECH ELECTRIC A/S: Financial statements 2023
CVR: 25350170
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2023. In 2023, the company reported a gross profit of DKK 93,492,526 and a net result of DKK 16,195,209 compared with DKK 7,571,337 the year before. That is an increase of 35.9% compared with the year before. Equity in the 2023 report amounted to DKK 39,544,331. The solvency ratio was 49.2%. The company had 95 employees in the financial year.
- Gross Profit
- DKK 93,492,526
- Profit/Loss
- DKK 16,195,209
- Equity
- DKK 39,544,331
- Total Assets
- DKK 80,438,969
- Employees
- 95
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | - | 93.5 mio. | 16.2 mio. | 39.5 mio. | 95 |
| 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 |
Official annual report
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TITECH ELECTRIC A/S has published its annual report for 2022. Gross profit came to DKK 68,793,382, and the net result was DKK 7,571,337.
As of March 24, 2023, Tom Henriksen is registered as director 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.