TITECH ELECTRIC A/S: Financial statements 2025
CVR: 25350170
Source: annual report 2025, Danish Business Authority
01/01/2025 – 31/12/2025
TITECH ELECTRIC A/S (CVR 25350170) has filed annual accounts for 2025. 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. That is an increase of 4.8% compared with the year before. Equity in the 2025 report amounted to DKK 59,650,012. The solvency ratio was 40.9%. The company had 163 employees in the financial year.
- Gross Profit
- DKK 111,183,216
- Profit/Loss
- DKK 8,778,811
- Equity
- DKK 59,650,012
- Total Assets
- DKK 145,854,862
- Employees
- 163
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2025 | - | 111.2 mio. | 8.8 mio. | 59.7 mio. | 163 |
| 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 |
Official annual report
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As of August 28, 2025, EY Godkendt Revisionspartnerselskab has been appointed auditor of TITECH ELECTRIC A/S.
As of August 28, 2025, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of TITECH ELECTRIC A/S.
TITECH ELECTRIC A/S has published its annual report for 2024. Gross profit came to DKK 106,095,384, and the net result was DKK 21,326,869.
As of March 31, 2025, Ulrik Juul has joined the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Peter Flemming Sørensen has joined the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Katrine Kjems Hyldgaard Christensen has joined the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Ole Bang Nielsen has left the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Henrik Steen-Jørgensen has left the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Henrik Dueholm Madsen has left the board of directors of TITECH ELECTRIC A/S.
As of March 31, 2025, Christopher Nysted Sørensen has left 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.