CVRdatabase
Menu

Titan Wind Energy (europe) A/S

Public limited companyCVR 34586640VardeActive

Titan Wind Energy (europe) A/S is a public limited company, based in Varde, active in activities of non-financial head offices, founded in 2012. Equity was negative at the end of 2025 (−DKK 148.1m). The company made a loss in both 2024 and 2025, most recently DKK 58m.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profitDKK 33m−16.9% vs. 2024
Net profit−DKK 58m−123.9% vs. 2024
Equity−DKK 148.1m−68.8% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 17% (2024 → 2025), to DKK 33m.
  • The loss grew: from DKK 25.9m to DKK 58m (2024 → 2025).

Employees

  • 7 fewer employees than a year earlier: 3 (07/2024) against 10 (07/2023).

Management and owners, last 24 months

  • New in management: Yuan Liu (board member, 01/08/2026), Yuan Liu (ceo, 01/08/2026) and Guoyan Liu (board member, 01/08/2026).
  • Stepped down: Liu Mingsheng (board member, 01/08/2026), Heiko Mützelburg (board member, 01/08/2026) and Heiko Mützelburg (director, 01/08/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Activities of non-financial head offices (701010)

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 160m−DKK 140m−DKK 120m−DKK 100m−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20m202020212022202320242025
EquityNet profit
Financial figures for Titan Wind Energy (europe) A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit5,17925,62721,72861,37639,69832,979−16.9%
Operating profit (EBIT)−32,097−21,800−24,59515,773−19,143−36,583−91.1%
Profit before tax−32,295−29,914−32,22111,587−25,921−58,042−123.9%
Net profit−39,395−29,914−32,22110,279−25,921−58,042−123.9%
Total assets288,486273,163250,637277,309332,980713,782+114.4%
Equity−10,004−39,918−72,139−61,859−87,780−148,149−68.8%
Liabilities298,490313,081322,776339,168420,760861,931+104.9%
Cash and cash equivalents14,01025,66514,36033,02214,05826,313+87.2%
Average number of employees705654606171+16.4%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
Gross profitMedian, the industry (310 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 148.1m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Wind Energy (europe) A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/05/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202322/07/2024The groupPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The groupPDFXBRL
202101/01/2021 – 31/12/202128/06/2022The groupPDFXBRL
202001/01/2020 – 31/12/202026/04/2021The groupPDFXBRL

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
024681012141608/2109/2110/2111/2112/2101/2202/2203/2204/2205/2206/2207/2208/2209/2210/2211/2212/2201/2302/2303/2304/2305/2306/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/24
Employees

Position in the industry

310 companies in the database

Comparison with the other companies in activities of non-financial head offices based on the latest financial year.

Gross profitDKK 33mNo. 135 of 276
Better than 51% of the companies in the industry
Equity−DKK 148.1mNo. 308 of 310
Better than 1% of the companies in the industry
Number of employees3No. 123 of 310
Better than 61% of the companies in the industry

Industry median: gross profit DKK 31.9m, net profit DKK 3.9m, equity DKK 179.4m, 49 employees.

DKK 100kDKK 2.7mDKK 75.2mDKK 2.1bnDKK 18.8bnHere
Distribution of gross profit for 235 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. 782of 69,742
Better than 99%
No. 69,941of 69,964
Better than 0%
Same industry and fewer than 20 employees151 companies in the comparison
No. 49of 139
Better than 65%
No. 150of 151
Better than 1%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 1,146of 33,588
Better than 97%
No. 33,657of 33,687
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 4,090of 17,786
Better than 77%
No. 18,001of 18,024
Better than 0%

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

Activities of non-financial head offices
Gross profit
  1. Titan Wind Energy (europe) A/SDKK 33m
  2. LEGO A/SDKK 56.6bn
  3. Demant A/SDKK 17.4bn
Net profit
  1. Titan Wind Energy (europe) A/S−DKK 58m
  2. LEGO A/SDKK 16.7bn
  3. Demant A/SDKK 1.5bn
Equity
  1. Titan Wind Energy (europe) A/S−DKK 148.1m
  2. LEGO A/SDKK 49.3bn
  3. Demant A/SDKK 9.9bn
Employees
  1. Titan Wind Energy (europe) A/S3
  2. LEGO A/S5
  3. Demant A/S58

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
  • Titan Wind Energy Singapore PTE Ltd100%
Titan Wind Energy (europe) 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 Titan Wind Energy (europe) A/S
NameRoleAppointed
Yuan LiuCEO01/08/2026

Board of directors

Board of directors at Titan Wind Energy (europe) A/S
NameRoleAppointed
Junxu YanChair of the board18/05/2012
Yuan LiuBoard member01/08/2026
Guoyan LiuBoard member01/08/2026
Founders
Titan Wind Energy (Singapore) Pte. Ltd.
Former management (11)
Former management at Titan Wind Energy (europe) A/S
NameRoleAppointedResigned
Tao GongBoard member18/05/201222/02/2016
Kuang Chao LeeBoard member18/05/201222/02/2016
Keld ThomsenDirector21/12/201204/09/2013
Kuang Chao LeeCEO04/09/201301/04/2014
Michael Buus NielsenCEO01/04/201430/06/2024
Michael Buus NielsenBoard member22/02/201630/06/2024
Liu MingshengBoard member22/02/201601/08/2026
Lili LiBoard member01/07/202413/09/2024
Lili LiDirector01/07/202418/09/2024
Heiko MützelburgBoard member13/09/202401/08/2026
Heiko MützelburgDirector18/09/202401/08/2026

Signing rule: Selskabet tegnes af bestyrelsens formand, eller af to bestyrelsesmedlemmer i forening, eller af en direktør.

Address and production units

2 active production units

Engdraget 20
6800 Varde

Varde Municipality · Postcode 6800

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
TITAN WIND ENERGY (EUROPE) A/SEngdraget 20, 6800 Varde31017707953
Titan Wind Energy (Europe) A/SVeldbæk Industrivej 1, 6705 Esbjerg Ø11019166038

Purpose

Selskabets formål er direkte eller via besiddelse af kapitalandele i andre selskaber, at drive virksomhed med forskning, design, udvikling, produktion samt afprøvning af udstyr til brug for vindkraft samt at drive anden virksomhed relateret dertil.

The purpose is quoted from the register in Danish.

Changes year by year

39 registered events
20267 changesmanagement 6 · accounts 1
  • Guoyan Liu appointed board member
  • Yuan Liu appointed ceo
  • Yuan Liu appointed board member
  • Heiko Mützelburg stepped down as director
  • Heiko Mützelburg stepped down as board member
  • Liu Mingsheng stepped down as board member
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Activities of non-financial head offices (701010)
20249 changesmanagement 8 · accounts 1
  • Heiko Mützelburg appointed director
  • Lili Li stepped down as director
  • Heiko Mützelburg appointed board member
  • Lili Li stepped down as board member
  • Annual report for 2023 published
  • Lili Li appointed board member
  • Lili Li appointed director
  • Michael Buus Nielsen stepped down as board member
  • Michael Buus Nielsen stepped down as ceo
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20201 changeindustry 1
  • Industry changed to Activities of non-financial head offices (701010)
20164 changesmanagement 4
  • Liu Mingsheng appointed board member
  • Michael Buus Nielsen appointed board member
  • Kuang Chao Lee stepped down as board member
  • Tao Gong stepped down as board member
20143 changescapital 1 · management 2
  • Share capital changed from 20,500,000 DKK to 60,500,000 DKK
  • Michael Buus Nielsen appointed ceo
  • Kuang Chao Lee stepped down as ceo
20132 changesmanagement 2
  • Kuang Chao Lee appointed ceo
  • Keld Thomsen stepped down as director
20128 changescapital 1 · management 4 · ownership 1 · address 1 · founded 1
  • Share capital changed from 500,000 DKK to 20,500,000 DKK
  • Keld Thomsen appointed director
  • Titan Wind Energy Singapore PTE Ltd registered as owner (100%)
  • Moved to Engdraget 20, 6800 Varde
  • Registered as TITAN WIND ENERGY (EUROPE) A/S
  • Junxu Yan appointed chair of the board
  • Kuang Chao Lee appointed board member
  • Tao Gong appointed board member

Related companies

Same industry in Varde

See all →

Same people in management

Largest in the industry

See all →

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