TITECH ELECTRIC A/S

CVR 25350170 · Public limited company (A/S) · Active · Low risk

TITECH ELECTRIC A/S is a Public limited company (A/S), founded on , based in Odense SØ. The company is registered in the industry fremstilling af elektriske fordelings- og kontrolapparater. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 59.7m and a net result of DKK 8.8m. CEO: Jesper Steenstrup, Tom Henriksen.

Bankruptcy risk for TITECH ELECTRIC A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
25350170
Status
Active
Company type
Public limited company (A/S)
Founded
(26 years)
Address
Ove Gjeddes Vej 11
5220 Odense SØ
Municipality
Odense
Industry
Fremstilling af elektriske fordelings- og kontrolapparater (271200)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 752k
Employees
100 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 26
Missing annual reportNo
Negative equityNo
Equity ratio40.9%
Current ratio140%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 111.2mDKK 106.1mDKK 93.5m
Net profitDKK 8.8mDKK 21.3mDKK 16.2m
EquityDKK 59.7mDKK 50.9mDKK 39.5m
Total assetsDKK 145.9mDKK 113.2mDKK 80.4m
CashDKK 15.3mDKK 36k–
Short-term debtDKK 83.5mDKK 60.0m–
Avg. employees163150–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · (venstre underskriver).

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025167
1 Jan 2024 – 31 Dec 202490
1 Jan 2023 – 31 Dec 2023149
1 Jan 2022 – 31 Dec 2022144
1 Jan 2021 – 31 Dec 2021137
1 Jan 2020 – 31 Dec 2020140
1 Jan 2019 – 31 Dec 2019141
1 Jan 2018 – 31 Dec 2018151
1 Jan 2017 – 31 Dec 201792
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 201564
1 Jan 2014 – 31 Dec 201461
1 Jan 2013 – 31 Dec 201357
1 Jan 2012 – 31 Dec 201263
1 Jan 2011 – 31 Dec 201164
1 Jan 2010 – 31 Dec 2010151
1 Jan 2009 – 31 Dec 200988
1 Jan 2008 – 31 Dec 200862
1 Jan 2007 – 31 Dec 200764
1 Jan 2006 – 31 Dec 2006140

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOJesper SteenstrupCurrent
CEOTom HenriksenCurrent
CEOMichael Hein Knudsen
BoardAllan Jan Formann KristensenCurrent
BoardPeter Løfgren RingCurrent
BoardJeppe Allert MadsenCurrent
BoardUlrik Juul
BoardMichael Hein Knudsen
BoardHans Juul Larsen
BoardJesper Bilde
BoardOle Bang Nielsen
BoardTorben Nørgaard Hansen
BoardSvend Holger Mygind
BoardOtto Frederik Spliid
BoardUlrik Juul
BoardPer Rasmus Rasmussen
BoardTine Juul
BoardHenrik Steen-Jørgensen
BoardBrian Bebe Andersen
BoardHenrik Dueholm Madsen
BoardChristopher Nysted Sørensen
BoardUlrik Juul
BoardPeter Flemming Sørensen
BoardKatrine Kjems Hyldgaard Christensen
BoardJon Friedrich Wentzel
BoardPeter Flemming Sørensen
BoardKatrine Kjems Hyldgaard Christensen
BoardAllan Jan Formann Kristensen
BoardKatrine Kjems Hyldgaard Christensen
Owner (100%)Elcor Group ApSCurrent
Owner (100%)Juul X ApS
Owner (90%)Juul X ApS
Owner (10%)Steenstrup 2022 Holding ApS
Owner (67%)Juul X ApS
Owner (10%)Ninian Holding ApS
AuditorEY Godkendt RevisionspartnerselskabCurrent
AuditorINVESTERINGSAKTIESELSKABET HJALLESEVEJ
AuditorCHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderUlrik JuulCurrent

The CEOs' other companies

Jesper Steenstrup – 1 other companies

Tom Henriksen – 5 other companies

Michael Hein Knudsen – 3 other companies

Address history (2 moves)

Ove Gjeddes Vej 11, 5220 Odense SØ
Sivlandvænget 15, 5260 Odense S
Stærmosevej 24, 5250 Odense SV

Former names

TITECH ELECTRIC A/S – now
TITECH ELECTRIC ApS –

Employees per year

Number of employees at TITECH ELECTRIC A/S per year501002011: 8020112012: 7720122013: 7620132014: 8420142015: 9320152016: 8620162017: 9220172018: 1002018

Other companies at the same address

Similar companies in Odense

Questions and answers about TITECH ELECTRIC A/S

Has TITECH ELECTRIC A/S gone bankrupt?

No, TITECH ELECTRIC A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TITECH ELECTRIC A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of TITECH ELECTRIC A/S?

Jesper Steenstrup, Tom Henriksen are the CEOs of TITECH ELECTRIC A/S.

Who is the auditor of TITECH ELECTRIC A/S?

TITECH ELECTRIC A/S most recently used EY Godkendt Revisionspartnerselskab.

When was TITECH ELECTRIC A/S founded?

TITECH ELECTRIC A/S was founded on 27 April 2000.

What is the equity of TITECH ELECTRIC A/S?

Equity was DKK 59.7m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.