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TITAN WIND ENERGY (EUROPE) A/S — Credit Rating and Financial Key Figures

CVR number: 34586640
Engdraget 20, 6800 Varde

Income statement (kDKK)

2021
2022
2023
2024
2025
Fiscal period length1212121212
Net sales
Gross profit26 549.0021 728.0061 376.0037 442.0032 979.00
Employee benefit expenses-36 012.00-53 694.00
Other operating expenses-12 581.00-2 209.00
Total depreciation-10 248.00-13 659.00
EBIT-21 800.00-24 595.0015 773.00-21 399.00-36 583.00
Other financial income111.006 380.00
Other financial expenses-6 889.00-27 839.00
Pre-tax profit-29 914.00-32 221.0010 279.00-28 177.00-58 042.00
Net earnings-29 914.00-32 221.0010 279.00-28 177.00-58 042.00

Assets (kDKK)

2021
2022
2023
2024
2025
Goodwill5 655.004 635.00
Intangible assets total5 655.004 635.00
Land and waters211 546.00278 780.00
Buildings25 994.0022 206.00
Machinery and equipment212.001 616.00
Advance payments and construction in progress330 225.00
Tangible assets total237 752.00632 827.00
Investments total273 163.00250 637.00277 309.00
Long term receivables total
Semifinished products5 179.006 818.00
Raw materials and consumables6 179.0074.00
Finished products/goods1 590.00
Advance payments1 942.00
Inventories total12 948.008 834.00
Current trade debtors57 344.0022 356.00
Prepayments and accrued income954.00426.00
Current other receivables3 763.0017 885.00
Current deferred tax assets506.00506.00
Short term receivables total62 567.0041 173.00
Cash and bank deposits14 056.0026 313.00
Cash and cash equivalents14 056.0026 313.00
Balance sheet total (assets)273 163.00250 637.00277 309.00332 978.00713 782.00

Equity and liabilities (kDKK)

2021
2022
2023
2024
2025
Share capital-39 918.00-72 138.00-61 859.0060 500.0060 500.00
Retained earnings29 914.0032 221.00-10 279.00- 122 359.00- 150 607.00
Profit of the financial year-29 914.00-32 221.0010 279.00-28 177.00-58 042.00
Shareholders equity total-39 918.00-72 138.00-61 859.00-90 036.00- 148 149.00
Non-current loans from credit institutions204 512.00
Non-current owed to group member312 977.00534 976.00
Non-current deferred tax liabilities39.0039.00
Non-current liabilities total313 016.00739 527.00
Current loans from credit institutions33.00
Advances received3 159.001 449.00
Current trade creditors26 512.0048 002.00
Current owed to group member61 484.0056 061.00
Short-term deferred tax liabilities1 815.00
Other non-interest bearing current liabilities17 028.0016 859.00
Current liabilities total109 998.00122 404.00
Balance sheet total (liabilities)-39 918.00-72 138.00-61 859.00332 978.00713 782.00
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