CVR: 26314909
Secondary names: MTO Cables A/S
DKK 23,804,462
Gross profit
Net result: DKK 4,712,169
VELCO HOLDING ApS, JOCO HOLDING ApS
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CVR · view ownership and management
Director role ended: Mads Andersen Velbæk
CVR · 01/06/2025
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MTO - ELECTRIC A/S is a Danish company of the type Aktieselskab based in Vejle, founded in 2001. The company is registered under the industry Engroshandel med andre maskiner og andet udstyr. The management consists of Klaus Hansen and Zineb Svendsen. The company's owners include VELCO HOLDING ApS, JOCO HOLDING ApS and Klaus Hansen Investment ApS. The company has 19 employees (2018). In 2025, the company reported a gross profit of DKK 23,804,462 and a net result of DKK 4,712,169 compared with DKK 4,437,224 the year before. Equity in the 2025 report amounted to DKK 21,440,650.
Source: annual report 2025, Danish Business Authority
The financial health of MTO - ELECTRIC A/S appears robust, with consistent profitability and a positive trend in gross profit over the past few years. Gross profit increased from 13.36 million DKK in 2021 to 23.80 million DKK in 2025, while profit also rose from 2.41 million DKK to 4.71 million DKK during the same period. The company's equity has fluctuated but remains strong at 21.44 million DKK in 2025, indicating a solid capital base. However, the absence of revenue data raises concerns about transparency and potential market position within the machinery and equipment wholesale industry. Overall, the company shows strength in profitability and equity, but clarity on revenue would provide a fuller picture of its market standing.
AI-generated summary · Generated 15/08/2026
Selskabets formål er engrossalg af elektriske artikler og IT-udstyr, investering og dermed beslægtet virksomhed efter bestyrelsens skøn.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 23.8 mio. | 4.7 mio. | 31.6 mio. | 21.4 mio. | 30 | |
| 202401/01/2024 – 31/12/2024 | 20.2 mio. | 4.4 mio. | 52.8 mio. | 27.3 mio. | 31 | |
| 202301/01/2023 – 31/12/2023 | 23.1 mio. | 5.2 mio. | 40.6 mio. | 23.9 mio. | 33 | |
| 202201/01/2022 – 31/12/2022 | 20.4 mio. | 5.7 mio. | 40.4 mio. | 19.4 mio. | 25 | |
| 202101/01/2021 – 31/12/2021 | 13.4 mio. | 2.4 mio. | 37.2 mio. | 14.1 mio. | 22 | |
| 202001/01/2020 – 31/12/2020 | 11.7 mio. | 2.1 mio. | 27.8 mio. | 12 mio. | 19 | |
| 201901/01/2019 – 31/12/2019 | 8.2 mio. | 1.7 mio. | 22 mio. | 10.1 mio. | 17 | |
| 201801/01/2018 – 31/12/2018 | 8.5 mio. | 1.6 mio. | 20.7 mio. | 8.6 mio. | 15 | |
| 201701/01/2017 – 31/12/2017 | 8 mio. | 1.2 mio. | 19.2 mio. | 7 mio. | 16 | |
| 201601/01/2016 – 31/12/2016 | 7 mio. | 596 t. | 18.8 mio. | 5.8 mio. | 17 | |
| 201501/01/2015 – 31/12/2015 | 10.7 mio. | 1.2 mio. | 20.6 mio. | 5.2 mio. | - | |
| 201401/01/2014 – 31/12/2014 | 10 mio. | 645 t. | 17.1 mio. | 3.4 mio. | - | |
| 201301/01/2013 – 31/12/2013 | 8.3 mio. | 452 t. | 14.4 mio. | 2.7 mio. | - | |
| 201201/01/2012 – 31/12/2012 | 8.8 mio. | 247 t. | 13.9 mio. | 2.3 mio. | - |
Compared to 1.742 companies in Engroshandel med andre maskiner og andet udstyr
Comparison is based on industry median values
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Try company screeningMTO - ELECTRIC A/S was founded on 8 November 2001.
MTO - ELECTRIC A/S is registered under the industry Engroshandel med andre maskiner og andet udstyr (industry code 466400).
MTO - ELECTRIC A/S had 19 employees in 2018 according to the Danish CVR register.
The owners of MTO - ELECTRIC A/S include VELCO HOLDING ApS, JOCO HOLDING ApS and Klaus Hansen Investment ApS.
In 2025, MTO - ELECTRIC A/S reported a gross profit of DKK 23,804,462.
The management of MTO - ELECTRIC A/S consists of Klaus Hansen and Zineb Svendsen.
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MTO - ELECTRIC A/S has published its annual report for 2025. Gross profit came to DKK 23,804,462, and the net result was DKK 4,712,169.
As of June 1, 2025, Klaus Hansen is registered as director of MTO - ELECTRIC A/S.
As of June 1, 2025, Zineb Svendsen is registered as director of MTO - ELECTRIC A/S.
As of June 1, 2025, Mads Andersen Velbæk has stepped down as director of MTO - ELECTRIC A/S.
As of June 1, 2025, Jan Michael Johansen has stepped down as director of MTO - ELECTRIC A/S.
MTO - ELECTRIC A/S has published its annual report for 2024. Gross profit came to DKK 20,206,269, and the net result was DKK 4,437,224.
As of April 28, 2025, Klaus Hansen has joined the board of directors of MTO - ELECTRIC A/S.
As of April 28, 2025, Pia Grandelag has joined the board of directors of MTO - ELECTRIC A/S.
As of April 28, 2025, Zineb Svendsen has joined the board of directors of MTO - ELECTRIC A/S.
As of April 28, 2025, Søren Brinks Larsen has left the board of directors of MTO - ELECTRIC A/S.
As of April 28, 2025, Vilhelm Nakskov Laursen has left the board of directors of MTO - ELECTRIC A/S.
As of April 28, 2025, Jens Anders Jensen has left the board of directors of MTO - ELECTRIC A/S.
As of June 6, 2024, Klaus Hansen Investment ApS is registered as an owner of MTO - ELECTRIC A/S with an ownership share of 10%.
As of June 6, 2024, Zineb Invest ApS is registered as an owner of MTO - ELECTRIC A/S with an ownership share of 10%.
MTO - ELECTRIC A/S has published its annual report for 2023. Gross profit came to DKK 23,055,955, and the net result was DKK 5,243,791.
MTO - ELECTRIC A/S has published its annual report for 2022. Gross profit came to DKK 20,439,539, and the net result was DKK 5,678,424.
MTO - ELECTRIC A/S has published its annual report for 2021. Gross profit came to DKK 13,362,099, and the net result was DKK 2,408,078.
MTO - ELECTRIC A/S has published its annual report for 2020. Gross profit came to DKK 11,701,223, and the net result was DKK 2,129,219.
MTO - ELECTRIC A/S has published its annual report for 2019. Gross profit came to DKK 8,154,467, and the net result was DKK 1,718,157.
MTO - ELECTRIC A/S has published its annual report for 2018. Gross profit came to DKK 8,481,310, and the net result was DKK 1,617,615.
MTO - ELECTRIC A/S has published its annual report for 2017. Gross profit came to DKK 7,981,064, and the net result was DKK 1,194,594.
MTO - ELECTRIC A/S has published its annual report for 2016. Gross profit came to DKK 6,977,600, and the net result was DKK 596,132.
As of May 20, 2017, Beierholm Godkendt Revisionspartnerselskab has been appointed auditor of MTO - ELECTRIC A/S.
As of May 20, 2017, KROGH & THOMSEN I/S has stepped down as auditor of MTO - ELECTRIC A/S.
MTO - ELECTRIC A/S has published its annual report for 2015. Gross profit came to DKK 10,732,477, and the net result was DKK 1,182,633.
MTO - ELECTRIC A/S has published its annual report for 2014. Gross profit came to DKK 9,954,574, and the net result was DKK 645,387.
As of December 11, 2014, Søren Brinks Larsen has joined the board of directors of MTO - ELECTRIC A/S.
As of December 11, 2014, Erling Johansen has left the board of directors of MTO - ELECTRIC A/S.
MTO - ELECTRIC A/S has published its annual report for 2013. Gross profit came to DKK 8,307,802, and the net result was DKK 452,081.
As of March 3, 2014, KROGH & THOMSEN I/S has been appointed auditor of MTO - ELECTRIC A/S.
As of March 3, 2014, John Laursen has stepped down as auditor of MTO - ELECTRIC A/S.
MTO - ELECTRIC A/S has published its annual report for 2012. Gross profit came to DKK 8,837,947, and the net result was DKK 247,313.
As of May 2, 2006, Vilhelm Nakskov Laursen has joined the board of directors of MTO - ELECTRIC A/S.
As of May 2, 2006, Mads Christian Buttenschön has left the board of directors of MTO - ELECTRIC A/S.
As of February 24, 2006, Jens Anders Jensen has joined the board of directors of MTO - ELECTRIC A/S.
As of February 24, 2006, Simon Michael Bæk Simonsen has left the board of directors of MTO - ELECTRIC A/S.
As of December 9, 2005, John Laursen has been appointed auditor of MTO - ELECTRIC A/S.
As of December 9, 2005, has stepped down as auditor of MTO - ELECTRIC A/S.
As of May 21, 2003, VELCO HOLDING ApS is registered as an owner of MTO - ELECTRIC A/S with an ownership share of 33%.
As of May 21, 2003, JOCO HOLDING ApS is registered as an owner of MTO - ELECTRIC A/S with an ownership share of 33%.
As of February 4, 2003, Simon Michael Bæk Simonsen has joined the board of directors of MTO - ELECTRIC A/S.
As of February 4, 2003, Preben Plagborg has left the board of directors of MTO - ELECTRIC A/S.
As of December 11, 2001, Preben Plagborg has joined the board of directors of MTO - ELECTRIC A/S.
As of December 11, 2001, Erling Johansen has joined the board of directors of MTO - ELECTRIC A/S.
As of December 11, 2001, Finn Dyhre Hansen has left the board of directors of MTO - ELECTRIC A/S.
As of December 11, 2001, Jan Michael Johansen is registered as director of MTO - ELECTRIC A/S.
As of November 8, 2001, has been appointed auditor of MTO - ELECTRIC A/S.
As of November 8, 2001, Finn Dyhre Hansen has joined the board of directors of MTO - ELECTRIC A/S.
As of November 8, 2001, Mads Christian Buttenschön has joined the board of directors of MTO - ELECTRIC A/S.
As of November 8, 2001, Mads Andersen Velbæk has joined the board of directors of MTO - ELECTRIC A/S.
As of November 8, 2001, Jan Michael Johansen has joined the board of directors of MTO - ELECTRIC A/S.
As of November 8, 2001, Mads Andersen Velbæk is registered as director of MTO - ELECTRIC A/S.
MTO - ELECTRIC A/S was founded on November 8, 2001.
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