Riskpilot← Back to searchSign inGet full accessTITECH ELECTRIC A/S
A/SActiveCVR 25350170Ove Gjeddes Vej 11-19Manufacture of electricity distribution and control apparatus · NACE 2712Est. 2000192 employees
Revenue 2024
DKK 106,1M
+13% vs 2023
EBITDA margin
28.3%
+30% vs 2023
Equity ratio
44.9%
Financial strength
Net profit 2024
DKK 21,3M
+32% vs 2023
| Revenue | DKK 106,1M | +13% |
| EBITDA | DKK 30M | +30% |
| Net profit | DKK 21,3M | +32% |
| Total assets | DKK 113,2M | +41% |
| Equity | DKK 50,9M | +29% |
| Employees | 192 | — |
Legal name
TITECH ELECTRIC A/S
CVR number
25350170
Legal form
Aktieselskab
NACE code
2712 · Manufacture of electricity distribution and control apparatus
Founded
27. april 2000
Share capital
DKK 751.500
Employees
192 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2024-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsesformanden i forening med en direktør, af to bestyrelsesmedlemmer i forening eller af den
samlede bestyrelse.
Company purpose
Selskabets formål er handel og fabrikation samt i forbindelse dermed stående virksomhed.
Address
Ove Gjeddes Vej 11-19
Phone
+4563966565
Email
titech@titech.dk
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.690 | 39.288 | 36.596 | 42.654 | 42.604 | 48.334 | 50.973 | 50.015 | 50.077 | 54.443 | 68.793 | 93.493 | 106.095 |
| Staff expenses | -35.128 | -34.149 | -32.379 | -37.829 | -42.316 | -46.257 | -46.914 | -47.213 | -48.322 | -47.586 | -57.395 | -70.449 | -76.088 |
| EBITDA | 2.561 | 5.139 | 4.216 | 4.825 | 289 | 2.077 | 4.060 | 2.802 | 1.756 | 6.857 | 11.399 | 23.044 | 30.007 |
| Depreciation & amort. | -1.902 | -1.265 | -1.545 | -2.122 | -2.065 | -872 | -1.364 | -1.344 | -1.562 | -1.341 | -1.381 | -2.499 | -2.820 |
| EBIT | 660 | 3.875 | 2.672 | 2.703 | -1.777 | 1.205 | 2.696 | 1.458 | 194 | 5.516 | 10.018 | 20.544 | 27.187 |
| Net financials | -74 | -74 | -87 | -108 | -174 | -209 | -75 | -88 | -36 | -98 | -293 | 270 | 183 |
| Profit before tax | 585 | 3.801 | 2.585 | 2.595 | -1.951 | 997 | 2.620 | 1.371 | 157 | 5.418 | 9.724 | 20.814 | 27.370 |
| Tax | 168 | 951 | 609 | 569 | -420 | 238 | 601 | 324 | 44 | 1.193 | 2.153 | 4.619 | 6.043 |
| Net profit | 418 | 2.850 | 1.976 | 2.026 | -1.531 | 758 | 2.020 | 1.047 | 114 | 4.224 | 7.571 | 16.195 | 21.327 |
| Item | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 29.469 | 28.431 | 31.476 | 41.865 | 40.107 | 42.583 | 43.071 | 45.713 | 46.028 | 51.791 | 64.938 | 80.439 | 113.210 |
| Equity | 9.093 | 11.943 | 11.919 | 11.945 | 10.414 | 14.372 | 16.392 | 17.439 | 17.553 | 21.778 | 25.349 | 39.544 | 50.871 |
| Long-term debt | 0 | 0 | 0 | 250 | 0 | 0 | 0 | 793 | 2.313 | 4.391 | 4.291 | 0 | 0 |
| Short-term debt | 20.048 | 15.985 | 18.661 | 28.618 | 29.240 | 27.637 | 25.650 | 26.530 | 25.357 | 24.795 | 33.981 | 36.166 | 59.987 |
| Total debt | 20.048 | 15.985 | 18.661 | 28.868 | 29.240 | 27.637 | 25.650 | 27.324 | 27.670 | 29.186 | 38.272 | 36.166 | 59.987 |
EBITDA margin
28.3%
This company
15.8%
Market median
+79% vs market
20122024
Equity ratio
44.9%
This company
38.2%
Market median
+18% vs market
20122024
Return on equity
41.9%
This company
18.4%
Market median
+128% vs market
20122024
Net profit margin
20.1%
This company
8.1%
Market median
+148% vs market
20122024
Asset turnover
0.94×
This company
1.12×
Market median
+16% vs market
20122024
Debt / equity
1.23×
This company
0.62×
Market median
-98% vs market
20122024
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via CVR / Virk · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via CVR / Virk · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
MH Management | Management | 2004 | — | — |
PF Chief Executive Officer | Chief Executive Officer | 2026 | — | — |
TH Management | Management | 2023 | — | — |
UJ Founder | Founder | 2000 | — | — |
JS Management | Management | 2022 | — | — |
AJ Chief Executive Officer | Chief Executive Officer | 2026 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2017 | — | — | |
| Board of Directors | 2019 | — | — | |
| Board of Directors | 2007 | — | — | |
| Board of Directors | 2008 | — | — | |
| Board of Directors | 2000 | — | — | |
| Board of Directors | 2003 | — | — | |
| Board of Directors | 2021 | — | — | |
| Chairman | 2026 | — | — | |
| Chairman | 2004 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2026 | — | — | |
| Board of Directors | 2011 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Elcor Group ApS | Company | 100.0% | 100.0% | 2025 |
Ninian Holding ApS | Company | 10.0% | 10.0% | 2023 |
Juul X ApS | Company | 66.7% | 66.7% | 2023 |
Steenstrup 2022 Holding ApS | Company | 10.0% | 10.0% | 2022 |
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Elcor Holding II ApS
TITECH ELECTRIC A/S Board members of TITECH ELECTRIC A/S also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Michael Hein Knudsen | Management | 0 companies |
| Peter Flemming Sørensen | Chief Executive Officer | 0 companies |
| Tom Henriksen | Management | 0 companies |
| Ulrik Juul | Founder | 0 companies |
| Jesper Steenstrup | Management | 0 companies |
| Allan Jan Formann Kristensen | Chief Executive Officer | 0 companies |
| Per Rasmus Rasmussen | Board of Directors | 0 companies |
| Tine Juul | Board of Directors | 0 companies |
| Torben Nørgaard Hansen | Board of Directors | 0 companies |
| Svend Holger Mygind | Board of Directors | 0 companies |
| Hans Juul Larsen | Board of Directors | 0 companies |
| Jesper Bilde | Board of Directors | 0 companies |
| Henrik Steen-Jørgensen | Board of Directors | 0 companies |
| Katrine Kjems Hyldgaard Christensen | Chairman | 0 companies |
| Ole Bang Nielsen | Chairman | 0 companies |
| Brian Bebe Andersen | Board of Directors | 0 companies |
| Christopher Nysted Sørensen | Board of Directors | 0 companies |
| Henrik Dueholm Madsen | Board of Directors | 0 companies |
| Jon Friedrich Wentzel | Board of Directors | 0 companies |
| Otto Frederik Spliid | Board of Directors | 0 companies |