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Titan Communication Systems ApS

Private limited companyCVR 32887619GentofteActive

Titan Communication Systems ApS is a private limited company, based in Gentofte, active in wholesale of information and communication equipment, founded in 2010. Net profit fell 78% from 2024 to 2025, ending at DKK 455k.

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Key figures · financial year 2025

Gross profitDKK 5.6m−33.3% vs. 2024
Net profitDKK 455k−78.1% vs. 2024
EquityDKK 4.4m+3.6% vs. 2024
Employees10latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 33% (2024 → 2025), to DKK 5.6m.
  • Net profit fell 78% (2024 → 2025), to DKK 455k.
  • Equity rose 4% (2024 → 2025), to DKK 4.4m.

Registrations, last 24 months

  • 01/10/2026: Moved to Grusbakken 13, 2820 Gentofte
  • 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 0DKK 1mDKK 2mDKK 3mDKK 4m202020212022202320242025
EquityNet profit
Financial figures for Titan Communication Systems ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,6682,4066,9079,2678,4465,635−33.3%
Operating profit (EBIT)1501074452,9662,817658−76.6%
Profit before tax111863593,0242,714590−78.2%
Net profit86712792,3552,076455−78.1%
Total assets3,8236,7415,3368,4788,1247,924−2.5%
Equity1,4921,5631,8424,1964,2724,427+3.6%
Liabilities2,3205,1693,4914,2813,8493,491−9.3%
Cash and cash equivalents1,6191,1887604,2293,2243,259+1.1%
Average number of employees556667+16.7%

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 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
Gross profitMedian, the industry (543 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 Titan Communication Systems ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202523/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/02/2024The companyPDFXBRL
202201/01/2022 – 31/12/202215/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202008/02/2021The 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
02468101209/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 profitDKK 5.6mNo. 258 of 542
Better than 52% of the companies in the industry
EquityDKK 4.4mNo. 259 of 543
Better than 52% of the companies in the industry
Number of employees10No. 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 546.2mHere
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. 11,578of 69,742
Better than 83%
No. 15,322of 69,964
Better than 78%
Same industry and fewer than 20 employees429 companies in the comparison
No. 150of 429
Better than 65%
No. 158of 429
Better than 63%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 9,022of 24,791
Better than 64%
No. 10,333of 24,909
Better than 59%
All companies of type ApS66,508 companies in the comparison
No. 12,164of 66,379
Better than 82%
No. 12,243of 66,505
Better than 82%

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. Titan Communication Systems ApSDKK 5.6m
  2. Atea A/SDKK 1.2bn
  3. Siemens AktieselskabDKK 448.5m
Net profit
  1. Titan Communication Systems ApSDKK 455k
  2. Atea A/SDKK 2.2m
  3. Siemens AktieselskabDKK 93.5m
Equity
  1. Titan Communication Systems ApSDKK 4.4m
  2. Atea A/SDKK 694.3m
  3. Siemens AktieselskabDKK 279.7m
Employees
  1. Titan Communication Systems ApS10
  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
  • Strømmen Holding ApS33.33%
  • Titan Communication Systems Limited50%
Titan Communication Systems ApS

Management

1 active registrations

Executive management

Executive management at Titan Communication Systems ApS
NameRoleAppointed
Tom DornovDirector29/04/2010
Founders
TOKARA Ventures ApS, Dornov ApS, Jan Herskind Holding ApS
Former management (7)
Former management at Titan Communication Systems ApS
NameRoleAppointedResigned
Henrik Wilsbech LottrupChair of the board29/04/201001/11/2010
Tom DornovBoard member29/04/201030/06/2017
Jan HerskindBoard member29/04/201019/09/2012
Vibeke Butzbach von QualenBoard member19/09/201230/05/2014
Vibeke Butzbach von QualenDeputy board member19/09/201230/05/2014
Claus Ulrich StrømmenBoard member30/05/201430/06/2017
Claus Ulrich StrømmenDirector30/05/201430/06/2017

Signing rule: Selskabet tegnes af en direktør.

Address and production units

1 active production units

Grusbakken 13
2820 Gentofte

Gentofte Municipality · Postcode 2820

Production units
Production unitAddressEmployeesP number
TITAN COMMUNICATION SYSTEMS ApSGrusbakken 13, 2820 Gentofte101016018984

Purpose

Selskabets formål er at drive engroshandel med kommunikationsudstyr til radiokommunikation og udvikling af traadloese kommunikationsprodukter under navnet Titan Communications Systems er Selskabets primære formål : at varetage salget af kommunikationsudstyr til radiokommunikation ,at varetage den daglig og løbende administration i forbindelse hermed, og at administrere videreudviklingen af designet og produktionen af nye traadloese kommunikationsplatformer og eksisterende modeller, samt enhver anden aktivitet, der efter bestyrelsens skøn står i forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

36 registered events
20262 changesaddress 1 · accounts 1
  • Moved to Grusbakken 13, 2820 Gentofte
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Wholesale of information and communication equipment (465000)
20242 changesaddress 1 · accounts 1
  • Moved to Rønnegade 9, st, 2100 København Ø
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesownership 2 · accounts 1
  • Titan Communication Systems Limited registered as owner (50%)
  • Titan Communication Systems Limited is no longer registered as owner
  • Annual report for 2021 published
20213 changesownership 1 · address 1 · accounts 1
  • Strømmen Holding ApS registered as owner (33.33%)
  • Moved to Nyborggade 9, 1. 30, 2100 København Ø
  • Annual report for 2020 published
20181 changeaddress 1
  • Moved to Nyborggade 9, 1. 30, 2100 København Ø
20173 changesmanagement 3
  • Claus Ulrich Strømmen stepped down as board member
  • Claus Ulrich Strømmen stepped down as director
  • Tom Dornov stepped down as board member
20161 changeaddress 1
  • Moved to Amaliegade 15, 1256 København K
20151 changeownership 1
  • Titan Communication Systems Limited registered as owner (90%)
20145 changesindustry 1 · management 4
  • Industry changed to Engroshandel med elektronisk udstyr (465210)
  • Claus Ulrich Strømmen appointed board member
  • Claus Ulrich Strømmen appointed director
  • Vibeke Butzbach von Qualen stepped down as deputy board member
  • Vibeke Butzbach von Qualen stepped down as board member
20131 changeindustry 1
  • Industry changed to Engroshandel med andre maskiner og andet udstyr (466900)
20125 changesaddress 1 · name 1 · management 3
  • Moved to Skovlytoften 26B, st, Øverød, 2840 Holte
  • Name changed from HERSKIND+HERSKIND ApS to TITAN COMMUNICATION SYSTEMS ApS
  • Vibeke Butzbach von Qualen appointed deputy board member
  • Vibeke Butzbach von Qualen appointed board member
  • Jan Herskind stepped down as board member
20106 changesmanagement 5 · founded 1
  • Henrik Wilsbech Lottrup stepped down as chair of the board
  • Registered as HERSKIND+HERSKIND ApS
  • Tom Dornov appointed director
  • Tom Dornov appointed board member
  • Jan Herskind appointed board member
  • Henrik Wilsbech Lottrup appointed chair of the board

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Same people in management

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction