ITW GSE ApS: Financial statements 2020
CVR: 74218814
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
ITW GSE ApS (CVR 74218814) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 304,598,479 and a net result of DKK 32,329,560 compared with DKK 69,823,126 the year before. That is a decrease of 36.6% compared with the year before. The profit margin was 10.6%. Equity in the 2020 report amounted to DKK 138,792,746. The solvency ratio was 80.7%. The company had 75 employees in the financial year.
- Revenue
- DKK 304,598,479
- Gross Profit
- DKK 92,160,229
- Profit/Loss
- DKK 32,329,560
- Equity
- DKK 138,792,746
- Total Assets
- DKK 171,915,325
- Employees
- 75
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 304.6 mio. | 92.2 mio. | 32.3 mio. | 138.8 mio. | 75 |
| 2019 | 480.7 mio. | 150.4 mio. | 69.8 mio. | 151.5 mio. | 83 |
| 2018 | 434.1 mio. | 133.4 mio. | 58.8 mio. | 171.6 mio. | 88 |
| 2017 | 414.7 mio. | 126.4 mio. | 58.6 mio. | 162.8 mio. | - |
| 2016 | 368.8 mio. | 113.6 mio. | 46.3 mio. | 314.2 mio. | - |
Official annual report
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ITW GSE ApS has published its annual report for 2019. Revenue came to DKK 480,656,802, and the net result was DKK 69,823,126.
About ITW GSE ApS
ITW GSE ApS is a Danish company of the type Anpartsselskab based in Odense N, founded in 1984. The company is registered under the industry Fremstilling af elektriske motorer, generatorer og transformatorer. The company was previously named AXA POWER ApS and AXA POWER A/S. The management consists of Poul Laursen Elvstrøm. The board consists of Manoela Pereira Fry (chair), Lars Storm, Monique Martins and Poul Laursen Elvstrøm. The company is owned by ITW DENMARK ApS. The company has 118 employees (2026). In 2025, the company reported revenue of DKK 751,981,516 and a net result of DKK 146,761,481 compared with DKK 133,532,561 the year before. Equity in the 2025 report amounted to DKK 268,835,425.