CTS Denmark A/S
Public limited companyCVR 25954971KvistgårdActive
CTS Denmark A/S is a public limited company, based in Kvistgård, active in manufacture of electronic components, founded in 2001. Net profit rose 55% from 2024 to 2025, ending at DKK 75.7m. Measured by gross profit, it ranks no. 1 of 20 companies in the industry in the database. Profit has grown three years in a row.
Key figures · financial year 2025
Gross profitDKK 187.8m+39.7% vs. 2024
Net profitDKK 75.7m+54.9% vs. 2024
EquityDKK 136.2m+24% vs. 2024
Employees153latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 40% (2024 → 2025), to DKK 187.8m.
- Net profit rose 55% (2024 → 2025), to DKK 75.7m.
- Equity rose 24% (2024 → 2025), to DKK 136.2m.
Employees
- 25 more employees than a year earlier: 153 (07/2026) against 128 (07/2025).
Management and owners, last 24 months
- New in management: Sheri Drucker Davis (chair of the board, 28/08/2025), Rex Shaochih Chang (board member, 28/08/2025) and Deanna Rene Kunze (chair of the board, 13/06/2025).
- Stepped down: Jeffrey Charles Gulbranson (board member, 27/08/2025), Scott Louis D'Angelo (chair of the board, 04/04/2025) and Deanna Rene Kunze (chair of the board, 15/08/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Manufacture of electronic components (261100)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 89,468 | 93,426 | 115,229 | 113,490 | 134,464 | 187,839 | +39.7% |
| Operating profit (EBIT) | 22,186 | 27,811 | 37,548 | 37,291 | 61,114 | 98,575 | +61.3% |
| Profit before tax | 20,793 | 27,272 | 39,155 | 37,026 | 62,678 | 97,018 | +54.8% |
| Net profit | 16,280 | 21,382 | 30,156 | 28,844 | 48,873 | 75,683 | +54.9% |
| Total assets | 134,219 | 109,199 | 106,484 | 94,371 | 145,497 | 222,238 | +52.7% |
| Equity | 83,497 | 87,604 | 83,644 | 67,588 | 109,815 | 136,195 | +24% |
| Liabilities | 44,865 | 17,402 | 18,118 | – | 30,781 | 83,659 | +171.8% |
| Cash and cash equivalents | 42,098 | 28,781 | 16,771 | 13,173 | 26,453 | 28,064 | +6.1% |
| Average number of employees | 105 | 91 | 99 | 101 | 101 | 116 | +14.9% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 21/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 01/08/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 08/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 29/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 14/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 13/07/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
20 companies in the databaseComparison with the other companies in manufacture of electronic components based on the latest financial year.
Gross profitDKK 187.8mNo. 1 of 20
Better than 100% of the companies in the industry
EquityDKK 136.2mNo. 1 of 20
Better than 100% of the companies in the industry
Number of employees153No. 1 of 20
Better than 100% of the companies in the industry
Industry median: gross profit DKK 5.5m, net profit DKK 583k, equity DKK 7.9m, 19 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | No. 206of 4,412 Better than 95% | No. 505of 4,466 Better than 89% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 361of 24,791 Better than 99% | No. 1,061of 24,909 Better than 96% |
| All companies of type A/S18,025 companies in the comparison | No. 850of 17,786 Better than 95% | No. 1,858of 18,024 Better than 90% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Manufacture of electronic componentsGross profit
- CTS Denmark A/SDKK 187.8m
- Telco Electronics A/SDKK 67.8m
- Ortofon A/SDKK 55.3m
Net profit
- CTS Denmark A/SDKK 75.7m
- Telco Electronics A/SDKK 19.3m
- Ortofon A/SDKK 26.3m
Equity
- CTS Denmark A/SDKK 136.2m
- Telco Electronics A/SDKK 69.1m
- Ortofon A/SDKK 38.4m
Employees
- CTS Denmark A/S153
- Telco Electronics A/S98
- Ortofon A/S136
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterCTS Denmark A/S
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Pratik Harendra Trivedi | Director | 13/09/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Pratik Harendra Trivedi | Board member | 13/09/2024 |
| Sheri Drucker Davis | Chair of the board | 28/08/2025 |
| Rex Shaochih Chang | Board member | 28/08/2025 |
- Founders
- APC International Ltd
Former management (38)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Peter Mahrt | Chair of the board | 15/03/2001 | 29/03/2001 |
| Jesper Holm Nielsen | CEO | 15/03/2001 | 23/04/2001 |
| Ronald Staut | Board member | 15/03/2001 | 19/04/2002 |
| Ronald Staut | CEO | 15/03/2001 | 22/04/2002 |
| Hasan Teoman | Board member | 15/03/2001 | 19/04/2002 |
| Wanda Wieslawa Wolny | Board member | 29/03/2001 | 04/01/2008 |
| Jesper Holm Nielsen | Board member | 29/03/2001 | 19/04/2002 |
| Ian R Henderson | Chair of the board | 29/03/2001 | 19/04/2002 |
| Wanda Wieslawa Wolny | Director | 23/04/2001 | 13/04/2011 |
| Lone Schøtt Kunøe | Board member | 19/04/2002 | 04/01/2008 |
| Torsten Bove | Board member | 19/04/2002 | 04/01/2008 |
| Sven Madsen | Board member | 23/10/2006 | 04/01/2008 |
| Ib Kunøe | Chair of the board | 23/10/2006 | 04/01/2008 |
| Torsten Bove | CEO | 23/10/2006 | 12/10/2016 |
| Philip Ernest Green | Board member | 04/01/2008 | 18/03/2014 |
| Stephen Gareth Young | Board member | 04/01/2008 | 18/03/2014 |
| Mark Lees Young | Board member | 04/01/2008 | 18/03/2014 |
| Marina Louise Thomas | Board member | 18/03/2014 | 30/06/2022 |
| Ian Keith Pargeter | Board member | 18/03/2014 | 07/04/2015 |
| Peter Huber | Chair of the board | 18/03/2014 | 07/04/2015 |
| Torsten Bove | Board member | 07/04/2015 | 12/10/2016 |
| Annette Mary Oonagh Hobhouse | Chair of the board | 07/04/2015 | 31/05/2017 |
| Frank Andreas Jespersen | Board member | 12/10/2016 | 31/05/2017 |
| Frank Andreas Jespersen | Director | 12/10/2016 | 30/05/2017 |
| Frank Andreas Jespersen | CEO | 31/05/2017 | 28/07/2022 |
| Mickey Manillo Minor Nielsen | Director | 31/05/2017 | 28/07/2022 |
| Christopher Laurie Allen | Chair of the board | 31/05/2017 | 02/12/2019 |
| Shubhayu Chakraborty | Board member | 31/05/2017 | 30/09/2017 |
| Helge Björn Huerkamp | Board member | 30/09/2017 | 30/06/2022 |
| Paul Francois Marc Devaux | Chair of the board | 02/12/2019 | 30/06/2022 |
| William Michael Cahill | Board member | 30/06/2022 | 07/04/2023 |
| Jeffrey Charles Gulbranson | Board member | 30/06/2022 | 27/08/2025 |
| Andrew Jeffrey Warren | Chair of the board | 30/06/2022 | 13/09/2024 |
| William Michael Cahill | Director | 28/07/2022 | 07/04/2023 |
| Scott Louis D'Angelo | Board member | 07/04/2023 | 12/09/2024 |
| Scott Louis D'Angelo | Director | 07/04/2023 | 13/09/2024 |
| Scott Louis D'Angelo | Chair of the board | 13/09/2024 | 04/04/2025 |
| Deanna Rene Kunze | Chair of the board | 13/06/2025 | 15/08/2025 |
Signing rule: Selskabet tegnes af et bestyrelsesmedlem.
Address and production units
1 active production unitsPorthusvej 4
3490 Kvistgård
Helsingør Municipality · Postcode 3490
Other companies at the address (1)
- CTS Denmark Holding A/SWholesale of information and communication equipment
| Production unit | Address | Employees | P number |
|---|---|---|---|
| CTS Denmark A/S | Porthusvej 4, 3490 Kvistgård | 149 | 1003108915 |
Purpose
Selskabets formål er at drive virksomhed med produktion af elektroniske komponenter samt anden dermed beslægtet erhvervsmæssig virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
102 registered events42015
42016
92017
02018
22019
02020
12021
132022
52023
112024
82025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20258 changesmanagement 6 · accounts 1 · industry 1
- ManagementRex Shaochih Chang appointed board member
- ManagementSheri Drucker Davis appointed chair of the board
- ManagementJeffrey Charles Gulbranson stepped down as board member
- ManagementDeanna Rene Kunze stepped down as chair of the board
- AccountsAnnual report for 2024 published
- ManagementDeanna Rene Kunze appointed chair of the board
- ManagementScott Louis D'Angelo stepped down as chair of the board
- IndustryIndustry changed to Manufacture of electronic components (261100)
202411 changesmanagement 6 · accounts 1 · name 1 · capital 1 · ownership 2
- ManagementScott Louis D'Angelo appointed chair of the board
- ManagementPratik Harendra Trivedi appointed director
- ManagementPratik Harendra Trivedi appointed board member
- ManagementScott Louis D'Angelo stepped down as director
- ManagementAndrew Jeffrey Warren stepped down as chair of the board
- ManagementScott Louis D'Angelo stepped down as board member
- AccountsAnnual report for 2023 published
- NameName changed from Ferroperm Piezoceramics A/S to CTS Denmark A/S
- CapitalShare capital changed from 26,500,000 DKK to 26,501,000 DKK
- OwnershipCTS Denmark Holding A/S registered as owner (100%)
- OwnershipCTS Denmark Holding A/S is no longer registered as owner
20235 changesaccounts 1 · management 4
- AccountsAnnual report for 2022 published
- ManagementScott Louis D'Angelo appointed board member
- ManagementScott Louis D'Angelo appointed director
- ManagementWilliam Michael Cahill stepped down as director
- ManagementWilliam Michael Cahill stepped down as board member
202213 changesmanagement 9 · name 1 · ownership 2 · accounts 1
- ManagementWilliam Michael Cahill appointed director
- ManagementMickey Manillo Minor Nielsen stepped down as director
- ManagementFrank Andreas Jespersen stepped down as ceo
- NameName changed from MEGGITT A/S to Ferroperm Piezoceramics A/S
- ManagementAndrew Jeffrey Warren appointed chair of the board
- ManagementJeffrey Charles Gulbranson appointed board member
- ManagementWilliam Michael Cahill appointed board member
- ManagementPaul Francois Marc Devaux stepped down as chair of the board
- ManagementHelge Björn Huerkamp stepped down as board member
- ManagementMarina Louise Thomas stepped down as board member
- OwnershipCTS Denmark Holding A/S registered as owner (100%)
- OwnershipMeggitt International Ltd. is no longer registered as owner
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20192 changesmanagement 2
- ManagementPaul Francois Marc Devaux appointed chair of the board
- ManagementChristopher Laurie Allen stepped down as chair of the board
20179 changesmanagement 9
- ManagementHelge Björn Huerkamp appointed board member
- ManagementShubhayu Chakraborty stepped down as board member
- ManagementChristopher Laurie Allen appointed chair of the board
- ManagementMickey Manillo Minor Nielsen appointed director
- ManagementFrank Andreas Jespersen appointed ceo
- ManagementShubhayu Chakraborty appointed board member
- ManagementFrank Andreas Jespersen stepped down as board member
- ManagementAnnette Mary Oonagh Hobhouse stepped down as chair of the board
- ManagementFrank Andreas Jespersen stepped down as director
20164 changesmanagement 4
- ManagementFrank Andreas Jespersen appointed board member
- ManagementFrank Andreas Jespersen appointed director
- ManagementTorsten Bove stepped down as board member
- ManagementTorsten Bove stepped down as ceo
20154 changesmanagement 4
- ManagementAnnette Mary Oonagh Hobhouse appointed chair of the board
- ManagementTorsten Bove appointed board member
- ManagementPeter Huber stepped down as chair of the board
- ManagementIan Keith Pargeter stepped down as board member
20149 changescapital 1 · ownership 1 · management 6 · address 1
- CapitalShare capital changed from 1,500,000 DKK to 26,500,000 DKK
- OwnershipMeggitt International Ltd. registered as owner (100%)
- ManagementPeter Huber appointed chair of the board
- ManagementIan Keith Pargeter appointed board member
- ManagementMarina Louise Thomas appointed board member
- ManagementPhilip Ernest Green stepped down as board member
- ManagementMark Lees Young stepped down as board member
- ManagementStephen Gareth Young stepped down as board member
- AddressMoved to Porthusvej 4, 3490 Kvistgård
20111 changemanagement 1
- ManagementWanda Wieslawa Wolny stepped down as director
20101 changename 1
- NameName changed from FERROPERM PIEZOCERAMICS A/S to MEGGITT A/S
20091 changemerger 1
- MergerMerger registered in CVR
20089 changesmanagement 8 · industry 1
- ManagementPhilip Ernest Green appointed board member
- ManagementMark Lees Young appointed board member
- ManagementStephen Gareth Young appointed board member
- ManagementIb Kunøe stepped down as chair of the board
- ManagementSven Madsen stepped down as board member
- ManagementLone Schøtt Kunøe stepped down as board member
- ManagementTorsten Bove stepped down as board member
- ManagementWanda Wieslawa Wolny stepped down as board member
- IndustryIndustry changed to Manufacture of electronic components (261100)
20063 changesmanagement 3
- ManagementIb Kunøe appointed chair of the board
- ManagementTorsten Bove appointed ceo
- ManagementSven Madsen appointed board member
20027 changesmanagement 7
- ManagementRonald Staut stepped down as ceo
- ManagementLone Schøtt Kunøe appointed board member
- ManagementTorsten Bove appointed board member
- ManagementJesper Holm Nielsen stepped down as board member
- ManagementIan R Henderson stepped down as chair of the board
- ManagementHasan Teoman stepped down as board member
- ManagementRonald Staut stepped down as board member
200113 changesmanagement 11 · name 1 · founded 1
- ManagementWanda Wieslawa Wolny appointed director
- ManagementJesper Holm Nielsen stepped down as ceo
- NameName changed from APC DENMARK A/S to FERROPERM PIEZOCERAMICS A/S
- ManagementJesper Holm Nielsen appointed board member
- ManagementIan R Henderson appointed chair of the board
- ManagementWanda Wieslawa Wolny appointed board member
- ManagementPeter Mahrt stepped down as chair of the board
- FoundedRegistered as APC DENMARK A/S
- ManagementJesper Holm Nielsen appointed ceo
- ManagementHasan Teoman appointed board member
- ManagementRonald Staut appointed ceo
- ManagementRonald Staut appointed board member
- ManagementPeter Mahrt appointed chair of the board
Related companies
Same people in management
- Atea A/Svia Ib Kunøe
- Gts Nordic ApSvia Jesper Holm Nielsen
- Columbus A/Svia Ib Kunøe
- X-yachts A/Svia Ib Kunøe
- Cdrator A/Svia Ib Kunøe
- Mercuri Urval A/Svia Ib Kunøe
Largest in the industry
- Telco Electronics A/SDKK 67.8m
- Ortofon A/SDKK 55.3m
- Etk Ems Skanderborg A/SDKK 47.6m
- Eurotechnic Støvring A/SDKK 25.4m
- Ignis Photonyx A/SDKK 22.9m
- Solarfuture ApSDKK 21.4m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 23/10/2026.