CVRdatabase
Menu

Titech Electric A/S

Public limited companyCVR 25350170Odense SØActive

Titech Electric A/S is a public limited company, based in Odense SØ, active in manufacture of electricity distribution and control apparatus, founded in 2000. Net profit fell 59% from 2024 to 2025, ending at DKK 8.8m. Measured by gross profit, it ranks no. 8 of 63 companies in the industry in the database. Operations are spread over 3 production units in 3 towns.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profitDKK 111.2m+4.8% vs. 2024
Net profitDKK 8.8m−58.8% vs. 2024
EquityDKK 59.7m+17.3% vs. 2024
Employees209latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 5% (2024 → 2025), to DKK 111.2m.
  • Net profit fell 59% (2024 → 2025), to DKK 8.8m.
  • Equity rose 17% (2024 → 2025), to DKK 59.7m.

Employees

  • 26 more employees than a year earlier: 209 (07/2026) against 183 (07/2025).

Management and owners, last 24 months

  • New in management: Allan Jan Formann Kristensen (chair of the board, 01/07/2026), Peter Løfgren Ring (board member, 01/07/2026) and Peter Løfgren Ring (ceo, 01/07/2026) (+11).
  • Stepped down: Ulrik Juul (ceo, 21/01/2026), Ole Bang Nielsen (chair of the board, 31/03/2025) and Ulrik Juul (board member, 30/03/2025) (+14).
  • New owners registered: Elcor Group ApS (31/03/2025).
  • No longer registered as owner: Steenstrup 2022 Holding ApS (31/03/2025), Juul X ApS (31/03/2025) and Ninian Holding ApS (31/03/2025).

Registrations, last 24 months

  • 25/09/2026: Merger registered in CVR
  • 25/09/2026: Share capital changed from 751,500 DKK to 751,501 DKK

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
EquityNet profit
Financial figures for Titech Electric A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit50,07754,44368,79393,493106,095111,183+4.8%
Operating profit (EBIT)1945,51610,01820,54427,18711,671−57.1%
Profit before tax1575,4189,72420,81427,37011,257−58.9%
Net profit1144,2247,57116,19521,3278,779−58.8%
Total assets46,02851,79164,93880,439113,210145,855+28.8%
Equity17,55321,77825,34939,54450,87159,650+17.3%
Liabilities27,67029,18638,27236,16659,98783,541+39.3%
Cash and cash equivalents3,5446,2956218,8773615,311+42,104.6%
Average number of employees9995118130150163+8.7%

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 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (63 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 Titech Electric A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202516/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202431/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202224/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202117/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202020/05/2021The 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
05010015020008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

63 companies in the database

Comparison with the other companies in manufacture of electricity distribution and control apparatus based on the latest financial year.

Gross profitDKK 111.2mNo. 8 of 63
Better than 89% of the companies in the industry
EquityDKK 59.7mNo. 11 of 63
Better than 84% of the companies in the industry
Number of employees209No. 8 of 63
Better than 89% of the companies in the industry

Industry median: gross profit DKK 10m, net profit DKK 1.4m, equity DKK 6.8m, 16 employees.

DKK 161kDKK 1.3mDKK 11.2mDKK 93.3mDKK 383.6mHere
Distribution of gross profit for 62 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 200–499 employees796 companies in the comparison
No. 508of 763
Better than 33%
No. 499of 796
Better than 37%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 639of 24,791
Better than 97%
No. 2,036of 24,909
Better than 92%
All companies of type A/S18,025 companies in the comparison
No. 1,415of 17,786
Better than 92%
No. 3,208of 18,024
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

Manufacture of electricity distribution and control apparatus
Gross profit
  1. Titech Electric A/SDKK 111.2m
  2. KK Group A/SDKK 777.8m
  3. Cubic- Modulsystem A/SDKK 550.3m
Net profit
  1. Titech Electric A/SDKK 8.8m
  2. KK Group A/SDKK 30.1m
  3. Cubic- Modulsystem A/SDKK 283.7m
Equity
  1. Titech Electric A/SDKK 59.7m
  2. KK Group A/SDKK 1.2bn
  3. Cubic- Modulsystem A/SDKK 736.5m
Employees
  1. Titech Electric A/S209
  2. KK Group A/S705
  3. Cubic- Modulsystem A/S346

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
Titech Electric A/S

Management

6 active registrations

Executive management

Executive management at Titech Electric A/S
NameRoleAppointed
Jesper SteenstrupDirector28/10/2022
Tom HenriksenDirector24/03/2023
Peter Løfgren RingCEO01/07/2026

Board of directors

Board of directors at Titech Electric A/S
NameRoleAppointed
Allan Jan Formann KristensenChair of the board01/07/2026
Peter Løfgren RingBoard member01/07/2026
Jeppe Allert MadsenBoard member02/09/2026
Founders
Ulrik Juul
Former management (27)
Former management at Titech Electric A/S
NameRoleAppointedResigned
Ulrik JuulBoard member27/04/200027/02/2009
Michael Hein KnudsenBoard member27/04/200018/03/2008
Hans Juul LarsenBoard member19/06/200018/03/2008
Jesper BildeBoard member02/09/200327/05/2011
Ulrik JuulCEO26/02/200421/01/2026
Ole Bang NielsenChair of the board26/02/200431/03/2025
Michael Hein KnudsenDirector26/02/200425/09/2007
Torben Nørgaard HansenBoard member25/09/200718/05/2015
Svend Holger MygindBoard member18/03/200827/05/2011
Otto Frederik SpliidBoard member27/05/201122/05/2019
Ulrik JuulBoard member27/01/201630/03/2025
Per Rasmus RasmussenBoard member10/01/201722/05/2019
Tine JuulBoard member22/05/201931/03/2025
Henrik Steen-JørgensenBoard member12/05/202131/03/2025
Brian Bebe AndersenBoard member12/05/202113/12/2021
Henrik Dueholm MadsenBoard member10/05/202231/03/2025
Christopher Nysted SørensenBoard member10/05/202231/03/2025
Ulrik JuulBoard member31/03/202521/01/2026
Peter Flemming SørensenChair of the board31/03/202520/01/2026
Katrine Kjems Hyldgaard ChristensenBoard member31/03/202520/01/2026
Jon Friedrich WentzelBoard member21/01/202601/07/2026
Peter Flemming SørensenBoard member21/01/202604/03/2026
Peter Flemming SørensenCEO21/01/202604/03/2026
Katrine Kjems Hyldgaard ChristensenChair of the board21/01/202630/06/2026
Allan Jan Formann KristensenBoard member04/03/202630/06/2026
Allan Jan Formann KristensenCEO04/03/202601/07/2026
Katrine Kjems Hyldgaard ChristensenBoard member01/07/202602/09/2026

Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med en direktør, af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

3 active production units

Ove Gjeddes Vej 11
5220 Odense SØ

Odense Municipality · Postcode 5220

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Titech Electric A/SLangvadbjergvej 5A, 7400 Herning1051014294852
TITECH ELECTRIC A/SOve Gjeddes Vej 11-19, 5220 Odense SØ781007603122
Elcor Sønderborg SGrundtvigs Alle 165, 6400 Sønderborg71032090431

Purpose

Selskabets formål er handel og fabrikation samt i forbindelse dermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

89 registered events
202625 changescapital 1 · merger 1 · management 22 · accounts 1
  • Share capital changed from 751,500 DKK to 751,501 DKK
  • Merger registered in CVR
  • Jeppe Allert Madsen appointed board member
  • Katrine Kjems Hyldgaard Christensen stepped down as board member
  • Katrine Kjems Hyldgaard Christensen appointed board member
  • Peter Løfgren Ring appointed ceo
  • Peter Løfgren Ring appointed board member
  • Allan Jan Formann Kristensen appointed chair of the board
  • Allan Jan Formann Kristensen stepped down as ceo
  • Jon Friedrich Wentzel stepped down as board member
  • Allan Jan Formann Kristensen stepped down as board member
  • Katrine Kjems Hyldgaard Christensen stepped down as chair of the board
  • Annual report for 2025 published
  • Allan Jan Formann Kristensen appointed ceo
  • Allan Jan Formann Kristensen appointed board member
  • Peter Flemming Sørensen stepped down as ceo
  • Peter Flemming Sørensen stepped down as board member
  • Katrine Kjems Hyldgaard Christensen appointed chair of the board
  • Peter Flemming Sørensen appointed ceo
  • Peter Flemming Sørensen appointed board member
  • Jon Friedrich Wentzel appointed board member
  • Ulrik Juul stepped down as board member
  • Ulrik Juul stepped down as ceo
  • Peter Flemming Sørensen stepped down as chair of the board
  • Katrine Kjems Hyldgaard Christensen stepped down as board member
202514 changesmanagement 9 · ownership 4 · accounts 1
  • Peter Flemming Sørensen appointed chair of the board
  • Ulrik Juul appointed board member
  • Katrine Kjems Hyldgaard Christensen appointed board member
  • Christopher Nysted Sørensen stepped down as board member
  • Henrik Dueholm Madsen stepped down as board member
  • Henrik Steen-Jørgensen stepped down as board member
  • Tine Juul stepped down as board member
  • Ole Bang Nielsen stepped down as chair of the board
  • Elcor Group ApS registered as owner (100%)
  • Juul X ApS is no longer registered as owner
  • Ninian Holding ApS is no longer registered as owner
  • Steenstrup 2022 Holding ApS is no longer registered as owner
  • Annual report for 2024 published
  • Ulrik Juul stepped down as board member
20241 changeaccounts 1
  • Annual report for 2023 published
20235 changesaccounts 1 · management 1 · ownership 3
  • Annual report for 2022 published
  • Tom Henriksen appointed director
  • Juul X ApS registered as owner (66.67%)
  • Ninian Holding ApS registered as owner (10%)
  • Juul X ApS is no longer registered as owner
20227 changesmanagement 3 · ownership 3 · accounts 1
  • Jesper Steenstrup appointed director
  • Juul X ApS registered as owner (90%)
  • Steenstrup 2022 Holding ApS registered as owner (10%)
  • Juul X ApS is no longer registered as owner
  • Annual report for 2021 published
  • Christopher Nysted Sørensen appointed board member
  • Henrik Dueholm Madsen appointed board member
20214 changesmanagement 3 · accounts 1
  • Brian Bebe Andersen stepped down as board member
  • Annual report for 2020 published
  • Brian Bebe Andersen appointed board member
  • Henrik Steen-Jørgensen appointed board member
20193 changesmanagement 3
  • Tine Juul appointed board member
  • Per Rasmus Rasmussen stepped down as board member
  • Otto Frederik Spliid stepped down as board member
20171 changemanagement 1
  • Per Rasmus Rasmussen appointed board member
20161 changemanagement 1
  • Ulrik Juul appointed board member
20151 changemanagement 1
  • Torben Nørgaard Hansen stepped down as board member
20121 changeaddress 1
  • Moved to Ove Gjeddes Vej 11-19, 5220 Odense SØ
20113 changesmanagement 3
  • Otto Frederik Spliid appointed board member
  • Svend Holger Mygind stepped down as board member
  • Jesper Bilde stepped down as board member
20091 changemanagement 1
  • Ulrik Juul stepped down as board member
20085 changesmanagement 3 · industry 2
  • Svend Holger Mygind appointed board member
  • Hans Juul Larsen stepped down as board member
  • Michael Hein Knudsen stepped down as board member
  • Industry changed to Manufacture of electricity distribution and control apparatus (271200)
  • Industry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
20072 changesmanagement 2
  • Torben Nørgaard Hansen appointed board member
  • Michael Hein Knudsen stepped down as director
20061 changeindustry 1
  • Industry changed to Fremstilling af andet måle- og kontroludstyr (332090)
20051 changeownership 1
  • Juul X ApS registered as owner (100%)
20045 changesname 1 · capital 1 · management 3
  • Name changed from TITECH ELECTRIC ApS to TITECH ELECTRIC A/S
  • Share capital changed from 167,000 DKK to 751,500 DKK
  • Ole Bang Nielsen appointed chair of the board
  • Michael Hein Knudsen appointed director
  • Ulrik Juul appointed ceo
20032 changesmanagement 1 · address 1
  • Jesper Bilde appointed board member
  • Moved to Sivlandvænget 15, Hjallese, 5260 Odense S
20011 changecapital 1
  • Share capital changed from 150,000 DKK to 167,000 DKK
20005 changesmanagement 3 · industry 1 · founded 1
  • Hans Juul Larsen appointed board member
  • Industry changed to El-installation (453100)
  • Registered as TITECH ELECTRIC ApS
  • Michael Hein Knudsen appointed board member
  • Ulrik Juul appointed board member

Related companies

Same industry in Odense

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 23/10/2026.

View in CVRReport a correction