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CTS Denmark Holding A/S

Public limited companyCVR 20076488KvistgårdActive

CTS Denmark Holding A/S is a public limited company, based in Kvistgård, active in wholesale of information and communication equipment, founded in 1997. After a loss in 2024, the company made a profit of DKK 34m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 497k+64.5% vs. 2024
Net profitDKK 34m+454.8% vs. 2024
EquityDKK 288.7m+10.2% vs. 2024
Employees6latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit went from a loss of DKK 9.6m to a profit of DKK 34m (2024 → 2025).
  • Equity rose 10% (2024 → 2025), to DKK 288.7m.

Employees

  • 1 fewer employees than a year earlier: 6 (08/2026) against 7 (08/2025).

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 Wholesale of information and communication equipment (465000)

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 thousand

Equity and net profit

−DKK 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320242025
EquityNet profit
Financial figures for CTS Denmark Holding A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit27,39329,31725,18521,808−1,400−497+64.5%
Operating profit (EBIT)12,90112,8848,2617,465−6,333−8,926−40.9%
Profit before tax11,502−5,64855,40261,410−20,17529,714+247.3%
Net profit8,942−8,52854,66264,489−9,58333,996+454.8%
Total assets69,77834,645908,618920,872911,403932,854+2.4%
Equity31,44422,916202,272264,192261,990288,653+10.2%
Liabilities38,13511,530706,146656,680649,413644,200−0.8%
Cash and cash equivalents9,09313,8847,17929,21129,47024,146−18.1%
Average number of employees24272621107−30%

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

−DKK 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
Gross profitMedian, the industry (543 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 30% from 10 in 2024 to 7 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

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
Annual reports for CTS Denmark Holding A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202521/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202401/08/2025The companyPDFXBRL
202301/01/2023 – 31/12/202323/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202226/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202015/07/2021The companyPDFXBRL

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 CVR
0246810121416182009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

543 companies in the database

Comparison with the other companies in wholesale of information and communication equipment based on the latest financial year.

Gross profit−DKK 497kNo. 537 of 542
Better than 1% of the companies in the industry
EquityDKK 288.7mNo. 10 of 543
Better than 98% of the companies in the industry
Number of employees6No. 228 of 543
Better than 58% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 594k, equity DKK 3.9m, 5 employees.

DKK 100kDKK 1mDKK 10.9mDKK 114.3mDKK 546.2m
Distribution of gross profit for 522 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 68,072of 69,742
Better than 2%
No. 741of 69,964
Better than 99%
Same industry and fewer than 20 employees429 companies in the comparison
No. 424of 429
Better than 1%
No. 2of 429
Better than 100%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 24,284of 24,791
Better than 2%
No. 568of 24,909
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 17,239of 17,786
Better than 3%
No. 1,087of 18,024
Better than 94%

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

Wholesale of information and communication equipment
Gross profit
  1. CTS Denmark Holding A/S−DKK 497k
  2. Atea A/SDKK 1.2bn
  3. Siemens AktieselskabDKK 448.5m
Net profit
  1. CTS Denmark Holding A/SDKK 34m
  2. Atea A/SDKK 2.2m
  3. Siemens AktieselskabDKK 93.5m
Equity
  1. CTS Denmark Holding A/SDKK 288.7m
  2. Atea A/SDKK 694.3m
  3. Siemens AktieselskabDKK 279.7m
Employees
  1. CTS Denmark Holding A/S6
  2. Atea A/S1,550
  3. Siemens Aktieselskab640

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • CTS Corporation100%
CTS Denmark Holding A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at CTS Denmark Holding A/S
NameRoleAppointed
Pratik Harendra TrivediDirector13/09/2024

Board of directors

Board of directors at CTS Denmark Holding A/S
NameRoleAppointed
Pratik Harendra TrivediBoard member13/09/2024
Sheri Drucker DavisChair of the board28/08/2025
Rex Shaochih ChangBoard member28/08/2025
Founders
Asx 9667 ApS
Former management (32)
Former management at CTS Denmark Holding A/S
NameRoleAppointedResigned
Steen SchierbeckDirector01/04/199710/10/1997
Jens Johan StrømChair of the board10/10/199724/05/2000
Jesper Alfred MilandBoard member10/10/199724/05/2000
Ralph MeyrowitschBoard member10/10/199724/05/2000
Jørgen GranborgBoard member10/10/199724/05/2000
Claus Bo AndersenBoard member10/10/199719/07/1998
Marianne Wendel MilandBoard member10/10/199724/05/2000
Karina Cecilie Vestergaard AndersenBoard member30/03/199924/05/2000
Finn HelmerChair of the board20/08/200107/10/2005
Bo Holm HansenBoard member20/08/200130/12/2008
Ole FalholtCEO12/06/200325/11/2003
Claus Resen SteenstrupChair of the board24/11/200530/12/2008
Mikael KlempelBoard member30/12/200810/02/2015
Jens Palludan RysgaardBoard member25/05/200916/05/2017
Ole WibomDirector25/05/200913/11/2014
Markus Aloys DehlerBoard member24/06/201016/05/2017
Bjørn Henrik Stenbock AndersenBoard member04/01/201316/05/2017
Knud FoldschackChair of the board04/01/201316/05/2017
Bjørn Henrik Stenbock AndersenCEO13/11/201425/10/2017
Klaus Blangsted-JensenDirector01/08/201630/08/2018
Mark Walter CassensChair of the board16/05/201718/06/2019
Albert Vidiella OromiBoard member16/05/201731/10/2019
William Michael CahillBoard member16/05/201707/04/2023
Jeffrey Charles GulbransonBoard member16/05/201727/08/2025
Andrew Jeffrey WarrenBoard member16/05/201717/06/2019
Albert Vidiella OromiDirector09/11/201731/10/2019
Andrew Jeffrey WarrenChair of the board18/06/201913/09/2024
William Michael CahillDirector31/10/201907/04/2023
Scott Louis D'AngeloBoard member07/04/202312/09/2024
Scott Louis D'AngeloDirector07/04/202313/09/2024
Scott Louis D'AngeloChair of the board13/09/202404/04/2025
Deanna Rene KunzeChair of the board13/06/202515/08/2025

Signing rule: Selskabet tegnes af et bestyrelsesmedlem.

Address and production units

1 active production units

Porthusvej 4
3490 Kvistgård

Helsingør Municipality · Postcode 3490

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
CTS Denmark Holding A/SPorthusvej 4, 3490 Kvistgård61004550830

Purpose

Selskabets formål er at udøve virksomhed med udvikling, produktion og handel inden for elektronikbranchen samt at drive rådgivende ingeniørvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

110 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20258 changesmanagement 6 · accounts 1 · industry 1
  • Rex Shaochih Chang appointed board member
  • Sheri Drucker Davis appointed chair of the board
  • Jeffrey Charles Gulbranson stepped down as board member
  • Deanna Rene Kunze stepped down as chair of the board
  • Annual report for 2024 published
  • Deanna Rene Kunze appointed chair of the board
  • Scott Louis D'Angelo stepped down as chair of the board
  • Industry changed to Wholesale of information and communication equipment (465000)
20248 changesmanagement 6 · accounts 1 · name 1
  • Scott Louis D'Angelo appointed chair of the board
  • Pratik Harendra Trivedi appointed director
  • Pratik Harendra Trivedi appointed board member
  • Scott Louis D'Angelo stepped down as director
  • Andrew Jeffrey Warren stepped down as chair of the board
  • Scott Louis D'Angelo stepped down as board member
  • Annual report for 2023 published
  • Name changed from CTS Ceramics Denmark A/S to CTS Denmark Holding A/S
20236 changesaccounts 1 · address 1 · management 4
  • Annual report for 2022 published
  • Moved to Porthusvej 4, 3490 Kvistgård
  • Scott Louis D'Angelo appointed board member
  • Scott Louis D'Angelo appointed director
  • William Michael Cahill stepped down as director
  • William Michael Cahill stepped down as board member
20225 changesownership 2 · accounts 1 · capital 2
  • CTS Corporation registered as owner (100%)
  • CTS International B.V. is no longer registered as owner
  • Annual report for 2021 published
  • Share capital changed from 520,476 DKK to 520,477 DKK
  • Share capital changed from 520,475 DKK to 520,476 DKK
20211 changeaccounts 1
  • Annual report for 2020 published
20197 changesmanagement 6 · address 1
  • William Michael Cahill appointed director
  • Albert Vidiella Oromi stepped down as director
  • Albert Vidiella Oromi stepped down as board member
  • Andrew Jeffrey Warren appointed chair of the board
  • Mark Walter Cassens stepped down as chair of the board
  • Andrew Jeffrey Warren stepped down as board member
  • Moved to Hejreskovvej 18B, Munkegårde, 3490 Kvistgård
20183 changesaddress 1 · management 1 · name 1
  • Moved to Hejreskovvej 18B, Munkegårde, 3490 Kvistgård
  • Klaus Blangsted-Jensen stepped down as director
  • Name changed from NOLIAC A/S to CTS Ceramics Denmark A/S
201714 changesmanagement 11 · ownership 3
  • Albert Vidiella Oromi appointed director
  • Bjørn Henrik Stenbock Andersen stepped down as ceo
  • Mark Walter Cassens appointed chair of the board
  • Andrew Jeffrey Warren appointed board member
  • Jeffrey Charles Gulbranson appointed board member
  • William Michael Cahill appointed board member
  • Albert Vidiella Oromi appointed board member
  • Knud Foldschack stepped down as chair of the board
  • Bjørn Henrik Stenbock Andersen stepped down as board member
  • Markus Aloys Dehler stepped down as board member
  • Jens Palludan Rysgaard stepped down as board member
  • CTS International B.V. registered as owner (100%)
  • RYAN HOLDING ApS is no longer registered as owner
  • Siemens Technology Accelerator GmbH is no longer registered as owner
20161 changemanagement 1
  • Klaus Blangsted-Jensen appointed director
20151 changemanagement 1
  • Mikael Klempel stepped down as board member
20142 changesmanagement 2
  • Bjørn Henrik Stenbock Andersen appointed ceo
  • Ole Wibom stepped down as director
20134 changesmanagement 2 · ownership 2
  • Knud Foldschack appointed chair of the board
  • Bjørn Henrik Stenbock Andersen appointed board member
  • RYAN HOLDING ApS registered as owner (66.67%)
  • Siemens Technology Accelerator GmbH registered as owner (25%)
20121 changecapital 1
  • Share capital changed from 626,043 DKK to 520,475 DKK
20102 changescapital 1 · management 1
  • Share capital changed from 556,483 DKK to 626,043 DKK
  • Markus Aloys Dehler appointed board member
20092 changesmanagement 2
  • Ole Wibom appointed director
  • Jens Palludan Rysgaard appointed board member
20086 changescapital 2 · management 3 · industry 1
  • Share capital changed from 717,116 DKK to 556,483 DKK
  • Mikael Klempel appointed board member
  • Claus Resen Steenstrup stepped down as chair of the board
  • Bo Holm Hansen stepped down as board member
  • Share capital changed from 712,387 DKK to 717,116 DKK
  • Industry changed to Engroshandel med elektronisk udstyr (465210)
20052 changesmanagement 2
  • Claus Resen Steenstrup appointed chair of the board
  • Finn Helmer stepped down as chair of the board
20033 changesmanagement 2 · capital 1
  • Ole Falholt stepped down as ceo
  • Ole Falholt appointed ceo
  • Share capital changed from 710,100 DKK to 712,387 DKK
20022 changescapital 2
  • Share capital changed from 703,850 DKK to 710,100 DKK
  • Share capital changed from 649,796 DKK to 703,850 DKK
200111 changescapital 6 · name 2 · management 2 · address 1
  • Share capital changed from 594,595 DKK to 649,796 DKK
  • Share capital changed from 533,784 DKK to 594,595 DKK
  • Share capital changed from 500,000 DKK to 533,784 DKK
  • Name changed from PZTECH A/S to NOLIAC A/S
  • Name changed from PZTECH ApS to PZTECH A/S
  • Share capital changed from 231,250 DKK to 500,000 DKK
  • Finn Helmer appointed chair of the board
  • Bo Holm Hansen appointed board member
  • Moved to Hejreskovvej 18B, 1. tv, Munkegårde, 3490 Kvistgård
  • Share capital changed from 218,750 DKK to 231,250 DKK
  • Share capital changed from 187,500 DKK to 218,750 DKK
20006 changesmanagement 6
  • Karina Cecilie Vestergaard Andersen stepped down as board member
  • Jens Johan Strøm stepped down as chair of the board
  • Marianne Wendel Miland stepped down as board member
  • Jørgen Granborg stepped down as board member
  • Ralph Meyrowitsch stepped down as board member
  • Jesper Alfred Miland stepped down as board member
19991 changemanagement 1
  • Karina Cecilie Vestergaard Andersen appointed board member
19983 changesname 1 · capital 1 · management 1
  • Name changed from DELTEC DANMARK ApS to PZTECH ApS
  • Share capital changed from 125,000 DKK to 187,500 DKK
  • Claus Bo Andersen stepped down as board member
199710 changesname 1 · management 8 · founded 1
  • Name changed from SCSK 2062 ApS to DELTEC DANMARK ApS
  • Jens Johan Strøm appointed chair of the board
  • Marianne Wendel Miland appointed board member
  • Claus Bo Andersen appointed board member
  • Jørgen Granborg appointed board member
  • Ralph Meyrowitsch appointed board member
  • Jesper Alfred Miland appointed board member
  • Steen Schierbeck stepped down as director
  • Registered as SCSK 2062 ApS
  • Steen Schierbeck appointed director

Related companies

Same industry in Helsingør

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Same people in management

Largest in the industry

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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 24/10/2026.

View in CVRReport a correction