ITW GSE ApS

CVR 74218814 · Private limited company (ApS) · Active · Low risk

ITW GSE ApS is a Private limited company (ApS), founded on , based in Odense N. The company is registered in the industry fremstilling af elektriske motorer, generatorer og transformatorer. Our model estimates a bankruptcy risk of 0.0% 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 268.8m and a net result of DKK 146.8m.

Bankruptcy risk for ITW GSE ApS

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · 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×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
74218814
Status
Active
Company type
Private limited company (ApS)
Founded
(42 years)
Address
Smedebakken 31
5270 Odense N
Municipality
Odense
Industry
Fremstilling af elektriske motorer, generatorer og transformatorer (271100)
Bankruptcies in the industry: Fremstilling af andet elektrisk udstyr
Share capital
DKK 8.0m
Employees
75 (2018)
Auditor
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 30
Missing annual reportNo
Negative equityNo
Equity ratio75.9%
Current ratio410%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 752.0mDKK 678.3m
Gross profitDKK 280.2mDKK 250.2m
Net profitDKK 146.8mDKK 133.5m
EquityDKK 268.8mDKK 272.1m
Total assetsDKK 354.1mDKK 376.1m
Short-term debtDKK 72.8m–
Tax owedDKK 230k–
Avg. employees100–

Latest annual report: Reporting class C, stor virksomhed · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025110
1 Jan 2024 – 31 Dec 2024101
1 Jan 2023 – 31 Dec 202398
1 Jan 2022 – 31 Dec 202282
1 Jan 2021 – 31 Dec 202196
1 Jan 2020 – 31 Dec 2020113
1 Jan 2019 – 31 Dec 201970
1 Jan 2018 – 31 Dec 201887
1 Jan 2017 – 31 Dec 201781
1 Jan 2016 – 31 Dec 201688
1 Jan 2015 – 31 Dec 2015132
1 Jan 2014 – 31 Dec 2014138
1 Jan 2013 – 31 Dec 2013146
1 Jan 2012 – 31 Dec 201273
1 Jan 2011 – 31 Dec 201173
1 Dec 2009 – 30 Nov 2010103
1 Dec 2008 – 30 Nov 200999
1 Dec 2007 – 30 Nov 2008121
1 Dec 2006 – 30 Nov 2007129
1 Dec 2005 – 30 Nov 2006144

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
CEOBo Stenstrøm Kristiansen
CEOKjell Giverholt Åkerman
CEOKjell Giverholt Åkerman
CEOHenrik Olsson
BoardBo Vork NielsenCurrent
BoardRasmus Bøgh JørgensenCurrent
BoardLars StormCurrent
BoardRene Eskelund HansenCurrent
BoardPoul Laursen ElvstrømCurrent
BoardManoela Pereira FryCurrent
BoardMonique MartinsCurrent
BoardJørgen Skaadstrup Jørgensen
BoardBent Vilhelm Hansen
BoardKjell Giverholt Åkerman
BoardFlemming Kjærulf Rasmussen
BoardVagn Thorup
BoardHenrik Olsson
BoardErnest Scott Santi
BoardDaniel Lee Downey
BoardJan Berg Nielsen
BoardHans Kristen Pedersen
BoardLars Storm
BoardJørgen Andersen
BoardBent Poulsen
BoardSøren Clausen
BoardBent Hess
BoardWilliam Joseph Sullivan
BoardJan Westphal Vigsø Sørensen
BoardBo Vork Nielsen
BoardHenrik Olsson
BoardMary Ann Spiegel
BoardBent Hess
BoardJan Berg Nielsen
BoardBirgit Andersen
BoardHenrik Olsson
BoardBirgit Andersen
BoardManoela Pereira Fry
Owner (100%)ITW DENMARK ApSCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorEJENDOMSAKTIESELSKABET HUNDERUPVEJ 116. ODENSE
AuditorLEO OLSEN & DALGAARD STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorARTHUR ANDERSEN GLOBAL CORPORATE FINANCE DENMARK. FILIAL AF ARTHUR ANDERSEN GLOBAL CORPORATE FINANCE. SVERIGE
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB

The CEOs' other companies

Bo Stenstrøm Kristiansen – 2 other companies

Kjell Giverholt Åkerman – 3 other companies

Address history (0 moves)

Smedebakken 31, 5270 Odense N

Former names

ITW GSE ApS – now
AXA POWER ApS –
AXA POWER A/S –
ATTRAKTIV HANDEL & INVESTERING ApS –

Employees per year

Number of employees at ITW GSE ApS per year38752011: 5520112012: 5320122013: 6120132014: 6820142015: 7020152016: 6720162017: 7220172018: 752018

Other companies at the same address

Similar companies in Odense

Questions and answers about ITW GSE ApS

Has ITW GSE ApS gone bankrupt?

No, ITW GSE ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of ITW GSE ApS?

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

Who is the auditor of ITW GSE ApS?

ITW GSE ApS most recently used DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was ITW GSE ApS founded?

ITW GSE ApS was founded on 2 January 1984.

What is the equity of ITW GSE ApS?

Equity was DKK 268.8m 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.