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Mto - Electric A/S

Public limited companyCVR 26314909VejleActive

Mto - Electric A/S is a public limited company, based in Vejle, active in wholesale of other machinery and equipment, founded in 2001. Net profit rose 6% from 2024 to 2025, ending at DKK 4.7m. With 30 employees, the company is about 5 times larger than the industry median. Equity fell to DKK 21.4m in 2025.

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Key figures · financial year 2025

Gross profitDKK 23.8m+17.8% vs. 2024
Net profitDKK 4.7m+6.2% vs. 2024
EquityDKK 21.4m−21.5% vs. 2024
Employees30latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 18% (2024 → 2025), to DKK 23.8m.
  • Net profit rose 6% (2024 → 2025), to DKK 4.7m.
  • Equity fell 21% (2024 → 2025), to DKK 21.4m.

Employees

  • 2 fewer employees than a year earlier: 30 (08/2026) against 32 (08/2025).

Management and owners, last 24 months

  • New in management: Klaus Hansen (board member, 28/04/2025), Pia Grandelag (chair of the board, 28/04/2025) and Zineb Svendsen (board member, 28/04/2025) (+2).
  • Stepped down: Mads Andersen Velbæk (director, 01/06/2025), Jan Michael Johansen (director, 01/06/2025) and Jens Anders Jensen (board member, 28/04/2025) (+2).

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 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
EquityNet profit
Financial figures for Mto - Electric A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit11,70113,36220,44023,05620,20623,804+17.8%
Operating profit (EBIT)–2,0946,6105,5362,5285,876+132.4%
Profit before tax2,7822,8957,1886,5175,0475,998+18.8%
Net profit2,1292,4085,6785,2444,4374,712+6.2%
Total assets27,84737,16540,36440,57752,77931,618−40.1%
Equity11,97214,13519,36523,85927,29621,441−21.5%
Liabilities15,87622,68820,47316,27025,0999,773−61.1%
Cash and cash equivalents51947827,82943−99.5%
Average number of employees192225333130−3.2%

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 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (1,000 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit 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
Annual reports for Mto - Electric A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202517/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202318/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202124/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202021/06/2021The 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
01020304009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,000 companies in the database

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

Gross profitDKK 23.8mNo. 175 of 1,000
Better than 83% of the companies in the industry
EquityDKK 21.4mNo. 208 of 1,000
Better than 79% of the companies in the industry
Number of employees30No. 132 of 1,000
Better than 87% of the companies in the industry

Industry median: gross profit DKK 6m, net profit DKK 772k, equity DKK 4.8m, 6 employees.

DKK 100kDKK 961kDKK 9.2mDKK 88.8mDKK 401.7mHere
Distribution of gross profit for 957 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 20–49 employees9,922 companies in the comparison
No. 2,132of 9,892
Better than 78%
No. 1,634of 9,922
Better than 84%
Same industry and 20–49 employees159 companies in the comparison
No. 87of 159
Better than 46%
No. 84of 159
Better than 47%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,910of 24,791
Better than 88%
No. 4,247of 24,909
Better than 83%
All companies of type A/S18,025 companies in the comparison
No. 5,213of 17,786
Better than 71%
No. 5,945of 18,024
Better than 67%

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 other machinery and equipment
Gross profit
  1. Mto - Electric A/SDKK 23.8m
  2. HydraSpecma A/SDKK 854.1m
  3. Sanovo Technology A/SDKK 779.2m
Net profit
  1. Mto - Electric A/SDKK 4.7m
  2. HydraSpecma A/SDKK 142.1m
  3. Sanovo Technology A/SDKK 204.2m
Equity
  1. Mto - Electric A/SDKK 21.4m
  2. HydraSpecma A/SDKK 1.2bn
  3. Sanovo Technology A/SDKK 592.3m
Employees
  1. Mto - Electric A/S30
  2. HydraSpecma A/S365
  3. Sanovo Technology A/S216

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
  • Velco Holding ApS33.33%
  • Joco Holding ApS33.33%
  • Klaus Hansen Investment ApS10%
  • Zineb Invest ApS10%
Mto - Electric A/S

Management

7 active registrations

Executive management

Executive management at Mto - Electric A/S
NameRoleAppointed
Klaus HansenDirector01/06/2025
Zineb SvendsenDirector01/06/2025

Board of directors

Board of directors at Mto - Electric A/S
NameRoleAppointed
Mads Andersen VelbækBoard member08/11/2001
Jan Michael JohansenBoard member08/11/2001
Klaus HansenBoard member28/04/2025
Pia GrandelagChair of the board28/04/2025
Zineb SvendsenBoard member28/04/2025
Founders
Velco Holding ApS, Joco Holding ApS
Former management (10)
Former management at Mto - Electric A/S
NameRoleAppointedResigned
Finn Dyhre HansenBoard member08/11/200111/12/2001
Mads Christian ButtenschönBoard member08/11/200102/05/2006
Mads Andersen VelbækDirector08/11/200101/06/2025
Preben PlagborgBoard member11/12/200104/02/2003
Erling JohansenBoard member11/12/200111/12/2014
Jan Michael JohansenDirector11/12/200101/06/2025
Simon Michael Bæk SimonsenBoard member04/02/200324/02/2006
Jens Anders JensenBoard member24/02/200628/04/2025
Vilhelm Nakskov LaursenBoard member02/05/200628/04/2025
Søren Brinks LarsenBoard member11/12/201428/04/2025

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

1 active production units

Stiftsvej 14
7100 Vejle

Vejle Municipality · Postcode 7100

Production units
Production unitAddressEmployeesP number
MTO - ELECTRIC A/SStiftsvej 14, 7100 Vejle301008767854

Purpose

Selskabets formål er engrossalg af elektriske artikler og IT-udstyr, investering og dermed beslægtet virksomhed efter bestyrelsens skøn.

The purpose is quoted from the register in Danish.

Changes year by year

49 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202511 changesmanagement 10 · accounts 1
  • Zineb Svendsen appointed director
  • Klaus Hansen appointed director
  • Jan Michael Johansen stepped down as director
  • Mads Andersen Velbæk stepped down as director
  • Annual report for 2024 published
  • Zineb Svendsen appointed board member
  • Pia Grandelag appointed chair of the board
  • Klaus Hansen appointed board member
  • Søren Brinks Larsen stepped down as board member
  • Vilhelm Nakskov Laursen stepped down as board member
  • Jens Anders Jensen stepped down as board member
20243 changesownership 2 · accounts 1
  • Klaus Hansen Investment ApS registered as owner (10%)
  • Zineb Invest ApS registered as owner (10%)
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20214 changesaccounts 1 · name 2 · merger 1
  • Annual report for 2020 published
  • Name changed from MTO - ELECTRIC ApS to MTO - ELECTRIC A/S
  • Merger registered in CVR
  • Name changed from MTO - ELECTRIC A/S to MTO - ELECTRIC ApS
20181 changeaddress 1
  • Moved to Stiftsvej 14, 7100 Vejle
20151 changecapital 1
  • Share capital changed from 502,000 DKK to 563,000 DKK
20142 changesmanagement 2
  • Søren Brinks Larsen appointed board member
  • Erling Johansen stepped down as board member
20082 changesaddress 1 · industry 1
  • Moved to Stiftsvej 14, 7100 Vejle
  • Industry changed to Engroshandel med andre maskiner og andet udstyr (466900)
20071 changeaddress 1
  • Moved to Andkærvej 26, 7100 Vejle
20065 changesindustry 1 · management 4
  • Industry changed to Engroshandel med el-installationsmateriel (518710)
  • Vilhelm Nakskov Laursen appointed board member
  • Mads Christian Buttenschön stepped down as board member
  • Jens Anders Jensen appointed board member
  • Simon Michael Bæk Simonsen stepped down as board member
20036 changescapital 1 · ownership 2 · management 2 · industry 1
  • Share capital changed from 500,000 DKK to 502,000 DKK
  • VELCO HOLDING ApS registered as owner (33.33%)
  • JOCO HOLDING ApS registered as owner (33.33%)
  • Simon Michael Bæk Simonsen appointed board member
  • Preben Plagborg stepped down as board member
  • Industry changed to Engroshandel med computere og it-udstyr (518410)
200110 changesmanagement 9 · founded 1
  • Jan Michael Johansen appointed director
  • Erling Johansen appointed board member
  • Preben Plagborg appointed board member
  • Finn Dyhre Hansen stepped down as board member
  • Registered as MTO - ELECTRIC A/S
  • Finn Dyhre Hansen appointed board member
  • Mads Andersen Velbæk appointed director
  • Mads Christian Buttenschön appointed board member
  • Mads Andersen Velbæk appointed board member
  • Jan Michael Johansen appointed board member

Related companies

Same industry in Vejle

See all →

Same people in management

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