Kitron A/S
Public limited companyCVR 21662534HorsensActive
Kitron A/S is a public limited company, based in Horsens, active in manufacture of other electrical equipment, founded in 1998. Net profit rose 2315% from 2024 to 2025, ending at DKK 132.7m. With 149 employees, the company is about 27 times larger than the industry median. Equity grew to DKK 235.9m in 2025.
Key figures · financial year 2025
RevenueDKK 325.7m−19.4% vs. 2024
Net profitDKK 132.7m+2,315.3% vs. 2024
EquityDKK 235.9m+28.8% vs. 2024
Employees149latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 14% (2024 → 2025), to DKK 41.7m.
- Revenue fell 19% (2024 → 2025), to DKK 325.7m.
- Net profit rose 2,315% (2024 → 2025), to DKK 132.7m.
- Equity rose 29% (2024 → 2025), to DKK 235.9m.
Employees
- 12 more employees than a year earlier: 149 (07/2026) against 137 (07/2025).
Management and owners, last 24 months
- New in management: Hasse Faxe (board member, 01/12/2025).
- Stepped down: Rodriques John Peter (deputy board member, 31/10/2024) and Kristoffer Karl Arne Asklöv (board member, 28/11/2025).
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 | 664,917 | 1,006,876 | 1,175,712 | 695,462 | 403,970 | 325,665 | −19.4% |
| Gross profit | 76,594 | 123,990 | 114,500 | 71,789 | 48,413 | 41,699 | −13.9% |
| Operating profit (EBIT) | 27,136 | 63,188 | 73,902 | 37,538 | 11,508 | 25,473 | +121.4% |
| Profit before tax | 21,449 | 61,237 | 72,071 | 41,386 | 9,050 | 141,729 | +1,466.1% |
| Net profit | 15,897 | 46,932 | 55,857 | 31,892 | 5,495 | 132,722 | +2,315.3% |
| Total assets | 489,169 | 773,506 | 538,492 | 371,472 | 326,688 | 415,992 | +27.3% |
| Equity | 169,852 | 230,954 | 184,366 | 197,663 | 183,158 | 235,880 | +28.8% |
| Liabilities | 313,488 | 538,179 | 354,126 | 173,809 | 143,530 | 180,112 | +25.5% |
| Cash and cash equivalents | 88,280 | 23,394 | 54,122 | 34,904 | 19,153 | 110,950 | +479.3% |
| Average number of employees | 637 | 840 | 149 | 172 | 161 | 135 | −16.1% |
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.
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 | 02/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 02/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 28/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 06/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 16/05/2022 | The group | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 22/03/2021 | The group | 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
86 companies in the databaseComparison with the other companies in manufacture of other electrical equipment based on the latest financial year.
Gross profitDKK 41.7mNo. 14 of 86
Better than 85% of the companies in the industry
EquityDKK 235.9mNo. 2 of 86
Better than 99% of the companies in the industry
Number of employees149No. 2 of 86
Better than 99% of the companies in the industry
Industry median: gross profit DKK 5.3m, net profit DKK 697k, equity DKK 4.1m, 6 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. 2,179of 4,412 Better than 51% | No. 296of 4,466 Better than 93% |
| Same industry and 50–199 employees14 companies in the comparison | No. 11of 14 Better than 23% | No. 1of 14 Better than 100% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 1,710of 24,791 Better than 93% | No. 680of 24,909 Better than 97% |
| All companies of type A/S18,025 companies in the comparison | No. 3,411of 17,786 Better than 81% | No. 1,263of 18,024 Better than 93% |
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 other electrical equipmentGross profit
- Kitron A/SDKK 41.7m
- Danfoss Power Electronics A/SDKK 554m
- Migatronic A/SDKK 312.9m
Net profit
- Kitron A/SDKK 132.7m
- Danfoss Power Electronics A/SDKK 179.2m
- Migatronic A/S−DKK 26.5m
Equity
- Kitron A/SDKK 235.9m
- Danfoss Power Electronics A/SDKK 607.4m
- Migatronic A/SDKK 69.9m
Employees
- Kitron A/S149
- Danfoss Power Electronics A/S987
- Migatronic A/S165
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- Kitron Holding A/S Denmark100%
Kitron A/S
Management
7 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jimi Klitholm Sandgreen | CEO | 01/04/2024 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Henning Dahlen | Board member | 10/01/2022 |
| Steen Moeskjær Jensen | Board member | 15/03/2022 |
| Maibrit Lindgaard Paulsen | Board member | 04/07/2022 |
| Mona Cathrin Nylander | Deputy chair | 18/09/2024 |
| Hans Petter Thomassen | Chair of the board | 18/09/2024 |
| Hasse Faxe | Board member | 01/12/2025 |
- Founders
- Holdingselskabet af 11. februar 2016 ApS
Former management (58)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Hans Christian Hyldelund | Board member | 21/12/1998 | 29/11/2002 |
| Bjarne Skaarup Skovsbøl | Board member | 21/12/1998 | 25/10/1999 |
| Povl Christian Lütken Frigast | Chair of the board | 21/12/1998 | 30/11/2001 |
| Bjarne Kvolbæk Jensen | CEO | 21/12/1998 | 09/02/2001 |
| Jonna Helena Sigersted Andersen | Board member | 11/08/1999 | 28/02/2001 |
| Georg René From | Board member | 11/08/1999 | 28/02/2001 |
| Bodil Foldbjerg | Board member | 11/08/1999 | 28/02/2001 |
| Christian Bruno Pedersen | Board member | 25/10/1999 | 29/01/2004 |
| Yvonne Nørtoft | Board member | 28/02/2001 | 01/08/2002 |
| Leif Frank Nielsen | Board member | 30/11/2001 | 22/10/2003 |
| Povl Christian Lütken Frigast | Board member | 30/11/2001 | 29/11/2002 |
| Lars Sylvest Vestergaard | CEO | 30/11/2001 | 31/05/2002 |
| Finn Lund Andersen | Board member | 30/11/2001 | 24/04/2013 |
| Per Thrane | Deputy chair | 18/04/2002 | 26/10/2016 |
| Erik Christensen | CEO | 31/05/2002 | 01/11/2002 |
| Rikke Roden Jensen | Board member | 31/10/2002 | 30/09/2006 |
| Jørgen Yde Jensen | CEO | 01/11/2002 | 01/07/2005 |
| Erik Christensen | Chair of the board | 29/11/2002 | 27/03/2007 |
| Christian Møller Christensen | Deputy chair | 29/11/2002 | 29/01/2004 |
| Dorit Schmidt | Board member | 22/10/2003 | 05/04/2011 |
| Michael Skovmand | Board member | 22/10/2003 | 15/04/2005 |
| Søren Lindberg | Deputy chair | 29/01/2004 | 17/05/2016 |
| Folmer Rud Hansen | Board member | 29/01/2004 | 10/01/2022 |
| Lene Rasmussen | Board member | 16/04/2005 | 11/04/2007 |
| Knud Andersen | CEO | 01/07/2005 | 01/03/2013 |
| Kim Graven Nielsen | Board member | 30/11/2005 | 28/05/2008 |
| Christel Asmussen | Board member | 01/10/2006 | 15/10/2006 |
| Arendt Clausen | Board member | 27/03/2007 | 29/02/2008 |
| Per Rasmussen | Deputy board member | 27/03/2007 | 05/04/2011 |
| Ole Steen Andersen | Chair of the board | 27/03/2007 | 31/05/2016 |
| Carsten Christensen | Board member | 29/02/2008 | 05/04/2011 |
| Klaus Nørregaard Andersen | Deputy board member | 05/04/2011 | 30/04/2013 |
| Kurt Schmidt | Board member | 05/04/2011 | 26/03/2014 |
| Svend Lindbjerg | Board member | 05/04/2011 | 04/07/2022 |
| Malene Braskhøj Bust Pihl | Board member | 05/04/2011 | 15/03/2022 |
| Ole Holbech Vestergaard Sørensen | Deputy board member | 05/04/2011 | 26/03/2014 |
| Morten Ludwigs | Deputy board member | 05/04/2011 | 31/05/2013 |
| Carsten Juul Christensen | CEO | 01/03/2013 | 01/04/2024 |
| Sven Ruder | Board member | 24/04/2013 | 31/05/2016 |
| Tommy Lill Hagedorn | Deputy board member | 26/03/2014 | 15/03/2022 |
| Claus Jørgen Schultz | Deputy board member | 26/03/2014 | 30/03/2017 |
| Trine Laila Bruhn | Board member | 26/03/2014 | 29/02/2016 |
| Steen Moeskjær Jensen | Deputy board member | 26/03/2014 | 30/04/2016 |
| Steen Moeskjær Jensen | Board member | 01/05/2016 | 29/03/2017 |
| Ole Steen Andersen | Deputy chair | 01/06/2016 | 10/01/2022 |
| Sven Ruder | Chair of the board | 01/06/2016 | 10/01/2022 |
| Per Thrane | Board member | 27/10/2016 | 10/01/2022 |
| Jane Granborg Poulsen | Deputy board member | 23/01/2017 | 04/07/2022 |
| Steen Moeskjær Jensen | Deputy board member | 30/03/2017 | 14/03/2022 |
| Casper Lykke Pedersen | Board member | 30/03/2017 | 10/01/2022 |
| Gert Højgaard Pedersen | Board member | 30/03/2017 | 04/07/2022 |
| Stian Haugen | Board member | 10/01/2022 | 18/09/2024 |
| Kristoffer Karl Arne Asklöv | Deputy chair | 10/01/2022 | 17/09/2024 |
| Mona Cathrin Nylander | Chair of the board | 10/01/2022 | 17/09/2024 |
| Claus Jørgen Schultz | Deputy board member | 15/03/2022 | 04/07/2022 |
| Rodriques John Peter | Deputy board member | 04/07/2022 | 31/10/2024 |
| Kristoffer Karl Arne Asklöv | Board member | 18/09/2024 | 28/11/2025 |
| Jens Aage Nedergaard Pedersen | Board member | – | 01/02/2001 |
Signing rule: Selskabet tegnes af den administrerende direktør og bestyrelsesformanden i forening eller af den administrerende direktør og to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsAne Staunings Vej 21C
8700 Horsens
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Kitron A/S | Ane Staunings Vej 21C, 8700 Horsens | 156 | 1002590934 |
Purpose
Selskabets formål er fabrikation, handel og service, herunder især fremstilling af elektronik
The purpose is quoted from the register in Danish.
Changes year by year
134 registered events02015
122016
62017
12018
02019
02020
12021
232022
22023
122024
32025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesmanagement 2 · accounts 1
- ManagementHasse Faxe appointed board member
- ManagementKristoffer Karl Arne Asklöv stepped down as board member
- AccountsAnnual report for 2024 published
202412 changesmanagement 9 · ownership 2 · accounts 1
- ManagementRodriques John Peter stepped down as deputy board member
- ManagementKristoffer Karl Arne Asklöv appointed board member
- ManagementHans Petter Thomassen appointed chair of the board
- ManagementMona Cathrin Nylander appointed deputy chair
- ManagementStian Haugen stepped down as board member
- ManagementKristoffer Karl Arne Asklöv stepped down as deputy chair
- ManagementMona Cathrin Nylander stepped down as chair of the board
- OwnershipKitron Holding A/S Denmark registered as owner (100%)
- OwnershipKitron ASA is no longer registered as owner
- AccountsAnnual report for 2023 published
- ManagementJimi Klitholm Sandgreen appointed ceo
- ManagementCarsten Juul Christensen stepped down as ceo
20232 changesname 1 · accounts 1
- NameName changed from BB ELECTRONICS A/S to Kitron A/S
- AccountsAnnual report for 2022 published
202223 changesmanagement 20 · accounts 1 · ownership 2
- ManagementMaibrit Lindgaard Paulsen appointed board member
- ManagementRodriques John Peter appointed deputy board member
- ManagementClaus Jørgen Schultz stepped down as deputy board member
- ManagementGert Højgaard Pedersen stepped down as board member
- ManagementJane Granborg Poulsen stepped down as deputy board member
- ManagementSvend Lindbjerg stepped down as board member
- AccountsAnnual report for 2021 published
- ManagementSteen Moeskjær Jensen appointed board member
- ManagementClaus Jørgen Schultz appointed deputy board member
- ManagementTommy Lill Hagedorn stepped down as deputy board member
- ManagementMalene Braskhøj Bust Pihl stepped down as board member
- ManagementSteen Moeskjær Jensen stepped down as deputy board member
- ManagementKristoffer Karl Arne Asklöv appointed deputy chair
- ManagementHenning Dahlen appointed board member
- ManagementMona Cathrin Nylander appointed chair of the board
- ManagementStian Haugen appointed board member
- ManagementCasper Lykke Pedersen stepped down as board member
- ManagementPer Thrane stepped down as board member
- ManagementSven Ruder stepped down as chair of the board
- ManagementOle Steen Andersen stepped down as deputy chair
- ManagementFolmer Rud Hansen stepped down as board member
- OwnershipKitron ASA registered as owner (100%)
- OwnershipBB Electronics Holding ApS is no longer registered as owner
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20181 changeaddress 1
- AddressMoved to Ane Staunings Vej 21C, 8700 Horsens
20176 changesmanagement 6
- ManagementCasper Lykke Pedersen appointed board member
- ManagementSteen Moeskjær Jensen appointed deputy board member
- ManagementGert Højgaard Pedersen appointed board member
- ManagementClaus Jørgen Schultz stepped down as deputy board member
- ManagementSteen Moeskjær Jensen stepped down as board member
- ManagementJane Granborg Poulsen appointed deputy board member
201612 changesmanagement 10 · ownership 2
- ManagementPer Thrane appointed board member
- ManagementPer Thrane stepped down as deputy chair
- ManagementSven Ruder appointed chair of the board
- ManagementOle Steen Andersen appointed deputy chair
- ManagementSven Ruder stepped down as board member
- ManagementOle Steen Andersen stepped down as chair of the board
- ManagementSøren Lindberg stepped down as deputy chair
- ManagementSteen Moeskjær Jensen appointed board member
- ManagementSteen Moeskjær Jensen stepped down as deputy board member
- ManagementTrine Laila Bruhn stepped down as board member
- OwnershipBB Electronics Holding ApS registered as owner (100%)
- OwnershipHoldingselskabet af 11. februar 2016 ApS is no longer registered as owner
20146 changesmanagement 6
- ManagementTrine Laila Bruhn appointed board member
- ManagementSteen Moeskjær Jensen appointed deputy board member
- ManagementTommy Lill Hagedorn appointed deputy board member
- ManagementClaus Jørgen Schultz appointed deputy board member
- ManagementKurt Schmidt stepped down as board member
- ManagementOle Holbech Vestergaard Sørensen stepped down as deputy board member
20136 changesmanagement 6
- ManagementMorten Ludwigs stepped down as deputy board member
- ManagementKlaus Nørregaard Andersen stepped down as deputy board member
- ManagementSven Ruder appointed board member
- ManagementFinn Lund Andersen stepped down as board member
- ManagementCarsten Juul Christensen appointed ceo
- ManagementKnud Andersen stepped down as ceo
20119 changesmanagement 9
- ManagementKurt Schmidt appointed board member
- ManagementSvend Lindbjerg appointed board member
- ManagementMalene Braskhøj Bust Pihl appointed board member
- ManagementOle Holbech Vestergaard Sørensen appointed deputy board member
- ManagementKlaus Nørregaard Andersen appointed deputy board member
- ManagementMorten Ludwigs appointed deputy board member
- ManagementCarsten Christensen stepped down as board member
- ManagementPer Rasmussen stepped down as deputy board member
- ManagementDorit Schmidt stepped down as board member
20085 changesmanagement 3 · industry 2
- ManagementKim Graven Nielsen stepped down as board member
- ManagementCarsten Christensen appointed board member
- ManagementArendt Clausen stepped down as board member
- IndustryIndustry changed to Manufacture of other electrical equipment (279000)
- IndustryIndustry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
20075 changesmanagement 5
- ManagementLene Rasmussen stepped down as board member
- ManagementArendt Clausen appointed board member
- ManagementPer Rasmussen appointed deputy board member
- ManagementOle Steen Andersen appointed chair of the board
- ManagementErik Christensen stepped down as chair of the board
20063 changesmanagement 3
- ManagementChristel Asmussen stepped down as board member
- ManagementChristel Asmussen appointed board member
- ManagementRikke Roden Jensen stepped down as board member
20055 changesmanagement 5
- ManagementKim Graven Nielsen appointed board member
- ManagementKnud Andersen appointed ceo
- ManagementJørgen Yde Jensen stepped down as ceo
- ManagementLene Rasmussen appointed board member
- ManagementMichael Skovmand stepped down as board member
20044 changesmanagement 4
- ManagementFolmer Rud Hansen appointed board member
- ManagementSøren Lindberg appointed deputy chair
- ManagementChristian Møller Christensen stepped down as deputy chair
- ManagementChristian Bruno Pedersen stepped down as board member
20033 changesmanagement 3
- ManagementMichael Skovmand appointed board member
- ManagementDorit Schmidt appointed board member
- ManagementLeif Frank Nielsen stepped down as board member
200211 changesmanagement 10 · capital 1
- ManagementChristian Møller Christensen appointed deputy chair
- ManagementErik Christensen appointed chair of the board
- ManagementPovl Christian Lütken Frigast stepped down as board member
- ManagementJørgen Yde Jensen appointed ceo
- ManagementErik Christensen stepped down as ceo
- ManagementRikke Roden Jensen appointed board member
- ManagementYvonne Nørtoft stepped down as board member
- ManagementErik Christensen appointed ceo
- ManagementLars Sylvest Vestergaard stepped down as ceo
- ManagementPer Thrane appointed deputy chair
- CapitalShare capital changed from 6,134,000 DKK to 7,634,000 DKK
200110 changesmerger 1 · management 8 · industry 1
- MergerMerger registered in CVR
- ManagementLars Sylvest Vestergaard appointed ceo
- ManagementLeif Frank Nielsen appointed board member
- ManagementFinn Lund Andersen appointed board member
- ManagementPovl Christian Lütken Frigast appointed board member
- ManagementYvonne Nørtoft appointed board member
- ManagementGeorg René From stepped down as board member
- ManagementBodil Foldbjerg stepped down as board member
- ManagementJonna Helena Sigersted Andersen stepped down as board member
- IndustryIndustry changed to Fremstilling af andet elektrisk og elektronisk udstyr i øvrigt (316290)
19994 changesmanagement 4
- ManagementChristian Bruno Pedersen appointed board member
- ManagementGeorg René From appointed board member
- ManagementBodil Foldbjerg appointed board member
- ManagementJonna Helena Sigersted Andersen appointed board member
19982 changesfounded 1 · ownership 1
- FoundedRegistered as BB ELECTRONICS A/S
- OwnershipHoldingselskabet af 11. februar 2016 ApS registered as owner (100%)
Related companies
Same people in management
- LEGO System A/Svia Hans Christian Hyldelund
- Vestas Manufacturing A/Svia Knud Andersen
- Vestas Wind Systems A/Svia Knud Andersen
- COWI A/Svia Ole Steen Andersen
- Danfoss A/Svia Ole Steen Andersen
- H. Lundbeck A/Svia Ole Steen Andersen
Largest in the industry
- Danfoss Power Electronics A/SDKK 554m
- Migatronic A/SDKK 312.9m
- Actulux A/SDKK 94.7m
- Varo Specialmaskiner A/SDKK 85.7m
- Danfysik A/SDKK 83.3m
- Tunstall A/SDKK 76.1m
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.