ITW GSE ApS: Financial statements 2021
CVR: 74218814
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
ITW GSE ApS (CVR 74218814) has filed annual accounts for 2021. In 2021, the company reported revenue of DKK 374,517,535 and a net result of DKK 52,965,214 compared with DKK 32,329,560 the year before. That is an increase of 23% compared with the year before. The profit margin was 14.1%. Equity in the 2021 report amounted to DKK 156,757,960. The solvency ratio was 77.7%. The company had 66 employees in the financial year.
- Revenue
- DKK 374,517,535
- Gross Profit
- DKK 118,612,357
- Profit/Loss
- DKK 52,965,214
- Equity
- DKK 156,757,960
- Total Assets
- DKK 201,648,471
- Employees
- 66
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | 374.5 mio. | 118.6 mio. | 53 mio. | 156.8 mio. | 66 |
| 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. | - |
Official annual report
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ITW GSE ApS has published its annual report for 2020. Revenue came to DKK 304,598,479, and the net result was DKK 32,329,560.
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.