ITW GSE ApS: Financial statements 2023
CVR: 74218814
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
ITW GSE ApS (CVR 74218814) has filed annual accounts for 2023. In 2023, the company reported revenue of DKK 506,018,297 and a net result of DKK 61,399,553 compared with DKK 40,383,870 the year before. That is an increase of 23.1% compared with the year before. The profit margin was 12.1%. Equity in the 2023 report amounted to DKK 193,541,383. The solvency ratio was 77.1%. The company had 77 employees in the financial year.
- Revenue
- DKK 506,018,297
- Gross Profit
- DKK 145,709,114
- Profit/Loss
- DKK 61,399,553
- Equity
- DKK 193,541,383
- Total Assets
- DKK 250,868,392
- Employees
- 77
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | 506 mio. | 145.7 mio. | 61.4 mio. | 193.5 mio. | 77 |
| 2022 | 411 mio. | 112.5 mio. | 40.4 mio. | 152.1 mio. | 71 |
| 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 |
Official annual report
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ITW GSE ApS has published its annual report for 2022. Revenue came to DKK 410,974,723, and the net result was DKK 40,383,870.
As of March 8, 2023, Poul Laursen Elvstrøm has joined the board of directors of ITW GSE ApS.
As of March 8, 2023, Manoela Pereira Fry has joined the board of directors of ITW GSE ApS.
As of March 8, 2023, Monique Martins has joined the board of directors of ITW GSE ApS.
As of March 8, 2023, Henrik Olsson has left the board of directors of ITW GSE ApS.
As of March 8, 2023, Birgit Andersen has left the board of directors of ITW GSE ApS.
As of March 8, 2023, Poul Laursen Elvstrøm is registered as adm. dir. of ITW GSE ApS.
As of March 8, 2023, Henrik Olsson has stepped down as adm. dir. of ITW GSE ApS.
As of March 7, 2023, Manoela Pereira Fry has left the board of directors of ITW GSE ApS.
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.