MTO - ELECTRIC A/S: Financial statements 2021
CVR: 26314909
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
MTO - ELECTRIC A/S (CVR 26314909) has filed annual accounts for 2021. In 2021, the company reported a gross profit of DKK 13,362,099 and a net result of DKK 2,408,078 compared with DKK 2,129,219 the year before. That is an increase of 14.2% compared with the year before. Equity in the 2021 report amounted to DKK 14,135,279. The solvency ratio was 38%. The company had 22 employees in the financial year.
- Gross Profit
- DKK 13,362,099
- Profit/Loss
- DKK 2,408,078
- Equity
- DKK 14,135,279
- Total Assets
- DKK 37,164,641
- Employees
- 22
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | - | 13.4M | 2.4M | 14.1M | 22 |
| 2020 | - | 11.7M | 2.1M | 12M | 19 |
| 2019 | - | 8.2M | 1.7M | 10.1M | 17 |
| 2018 | - | 8.5M | 1.6M | 8.6M | 15 |
| 2017 | - | 8M | 1.2M | 7M | 16 |
Official annual report
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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.
On May 27, 2021, the company changed its name from MTO - ELECTRIC ApS to MTO - ELECTRIC A/S.
On April 15, 2021, the company changed its name from MTO - ELECTRIC A/S to MTO - ELECTRIC ApS.
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.