TITAN COMMUNICATION SYSTEMS ApS

CVR 32887619 · Private limited company (ApS) · Active · Low risk

TITAN COMMUNICATION SYSTEMS ApS is a Private limited company (ApS), founded on , based in Gentofte. The company is registered in the industry engroshandel med informations- og kommunikationsudstyr. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 16 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 4.4m and a net result of DKK 455k. CEO: Tom Dornov.

Bankruptcy risk for TITAN COMMUNICATION SYSTEMS ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time at current address< 0.5 yrs · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Postcode changes3+ · bankruptcy rate 10.2%1.2×
Employees (latest year)5–10 · bankruptcy rate 10.1%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
32887619
Status
Active
Company type
Private limited company (ApS)
Founded
(16 years)
Address
Grusbakken 13
2820 Gentofte
Municipality
Gentofte
Industry
Engroshandel med informations- og kommunikationsudstyr (465000)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 90k
Employees
5 (2018)
Auditor
REDMARK, GODKENDT REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 16
Missing annual reportNo
Negative equityNo
Equity ratio55.9%
Current ratio225%
Moves (last 2 years)1
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 5.6mDKK 8.4m
Net profitDKK 455kDKK 2.1m
EquityDKK 4.4mDKK 4.3m
Total assetsDKK 7.9mDKK 8.1m
CashDKK 3.3m–
Short-term debtDKK 3.5m–
Tax owedDKK 13k–
Avg. employees7–

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Redmark, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 202582
1 Jan 2024 – 31 Dec 2024165
1 Jan 2023 – 31 Dec 202359
1 Jan 2022 – 31 Dec 2022135
1 Jan 2021 – 31 Dec 2021159
1 Jan 2020 – 31 Dec 202039
1 Jan 2019 – 31 Dec 2019132
1 Jan 2018 – 31 Dec 201893
1 Jan 2017 – 31 Dec 2017113
1 Jan 2016 – 31 Dec 2016149
1 Jan 2015 – 31 Dec 2015153
1 Jan 2014 – 31 Dec 2014167
1 Jan 2013 – 31 Dec 2013157
1 Jan 2012 – 31 Dec 2012154
1 Jan 2011 – 31 Dec 2011171
29 Apr 2010 – 31 Dec 2010181

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
CEOTom DornovCurrent
CEOClaus Ulrich Strømmen
BoardHenrik Wilsbech Lottrup
BoardTom Dornov
BoardJan Herskind
BoardVibeke Butzbach von Qualen
BoardClaus Ulrich Strømmen
Owner (33%)Strømmen Holding ApSCurrent
Owner (50%)Titan Communication Systems LimitedCurrent
Owner (90%)Titan Communication Systems Limited
Owner (10%)Strømmen Holding ApS
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKABCurrent
AuditorANKJÆR-JENSEN, STATSAUTORISEREDE REVISORER A/S
AuditorREDMARK, GODKENDT REVISIONSPARTNERSELSKAB
FounderTOKARA Ventures ApSCurrent
FounderDORNOV ApSCurrent
FounderJAN HERSKIND HOLDING ApSCurrent

The CEOs' other companies

Tom Dornov – 6 other companies, of which 1 bankrupt

Claus Ulrich Strømmen – 11 other companies, of which 2 bankrupt

Address history (5 moves)

Grusbakken 13, 2820 Gentofte
Rønnegade 9, st., 2100 København Ø
Nyborggade 9, 1. 30, 2100 København Ø
Amaliegade 15, 1256 København K
Skovlytoften 26B, st., 2840 Holte
Galionsvej 9, 3. 1, 1437 København K

Former names

TITAN COMMUNICATION SYSTEMS ApS – now
HERSKIND+HERSKIND ApS –

Employees per year

Number of employees at TITAN COMMUNICATION SYSTEMS ApS per year352013: 420132014: 420142015: 520152016: 320162017: 420172018: 52018

Other companies at the same address

Similar companies in Gentofte

Questions and answers about TITAN COMMUNICATION SYSTEMS ApS

Has TITAN COMMUNICATION SYSTEMS ApS gone bankrupt?

No, TITAN COMMUNICATION SYSTEMS ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of TITAN COMMUNICATION SYSTEMS ApS?

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

Who is the CEO of TITAN COMMUNICATION SYSTEMS ApS?

Tom Dornov is the CEO of TITAN COMMUNICATION SYSTEMS ApS.

Who is the auditor of TITAN COMMUNICATION SYSTEMS ApS?

TITAN COMMUNICATION SYSTEMS ApS most recently used REDMARK, GODKENDT REVISIONSPARTNERSELSKAB.

When was TITAN COMMUNICATION SYSTEMS ApS founded?

TITAN COMMUNICATION SYSTEMS ApS was founded on 29 April 2010.

What is the equity of TITAN COMMUNICATION SYSTEMS ApS?

Equity was DKK 4.4m 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.