MTO - ELECTRIC A/S: Financial statements 2020
CVR: 26314909
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
MTO - ELECTRIC A/S (CVR 26314909) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 11,701,223 and a net result of DKK 2,129,219 compared with DKK 1,718,157 the year before. That is an increase of 43.5% compared with the year before. Equity in the 2020 report amounted to DKK 11,971,593. The solvency ratio was 43%. The company had 19 employees in the financial year.
- Gross Profit
- DKK 11,701,223
- Profit/Loss
- DKK 2,129,219
- Equity
- DKK 11,971,593
- Total Assets
- DKK 27,847,144
- Employees
- 19
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 11.7 mio. | 2.1 mio. | 12 mio. | 19 |
| 2019 | - | 8.2 mio. | 1.7 mio. | 10.1 mio. | 17 |
| 2018 | - | 8.5 mio. | 1.6 mio. | 8.6 mio. | 15 |
| 2017 | - | 8 mio. | 1.2 mio. | 7 mio. | 16 |
| 2016 | - | 7 mio. | 596 t. | 5.8 mio. | 17 |
Official annual report
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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.
About MTO - ELECTRIC A/S
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 company was previously named MTO - ELECTRIC ApS. The management consists of Klaus Hansen and Zineb Svendsen. The board consists of Pia Grandelag (chair), Jan Michael Johansen, Klaus Hansen and Mads Andersen Velbæk. The company's owners include VELCO HOLDING ApS, JOCO HOLDING ApS and Klaus Hansen Investment ApS. The company has 30 employees (2026). 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.