TITECH ELECTRIC A/S: Financial statements 2024
CVR: 25350170
Source: annual report 2024, Danish Business Authority
01/01/2024 – 31/12/2024
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2024. In 2024, the company reported a gross profit of DKK 106,095,384 and a net result of DKK 21,326,869 compared with DKK 16,195,209 the year before. That is an increase of 13.5% compared with the year before. Equity in the 2024 report amounted to DKK 50,871,200. The solvency ratio was 44.9%. The company had 118 employees in the financial year.
- Gross Profit
- DKK 106,095,384
- Profit/Loss
- DKK 21,326,869
- Equity
- DKK 50,871,200
- Total Assets
- DKK 113,210,271
- Employees
- 118
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2024 | - | 106.1 mio. | 21.3 mio. | 50.9 mio. | 118 |
| 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 |
Official annual report
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TITECH ELECTRIC A/S has published its annual report for 2023. Gross profit came to DKK 93,492,526, and the net result was DKK 16,195,209.
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.