BITZER Electronics A/S
A/SActiveCVR 21340006Kærvej 77, 6400 SønderborgManufacture of electricity distribution and control apparatus· NACE 2712Est. 1998 · 27 years old147 employees
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Overview
BITZER Electronics A/S is a Danish A/S based in Sønderborg, operating in the Manufacture of electricity distribution and control apparatus sector. Incorporated in 1998, the company has 147 employees and reported revenue of DKK 644.2m in its latest annual filing.
Revenue 2025
644.2M DKK
+592% vs 2024
EBITDA margin
4.8 %
+135% vs 2024
Net profit 2025
95.4M DKK
+136% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
17.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.2×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
28.2 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 644.2M DKK | +592% |
| EBITDA | 31M DKK | +135% |
| Net profit | 95.4M DKK | +136% |
| Total assets | 338.5M DKK | -72% |
| Equity | 59.1M DKK | +126% |
| Employees | 147 | — |
Company information
Legal name
BITZER Electronics A/S
CVR number
21340006
Legal form
Aktieselskab
NACE code
Founded
26 November 1998 · 27 years
Share capital
DKK 25,500,000
Employees
147 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør alene eller af to bestyrelsesmedlemmer i forening.
Company purpose
Selskabets formål er at udvikle, konstruere og sælge elektronikprodukter og anden hermed beslægtet virksomhed efter ledelsens skøn.
(no translation available)
Contact
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Financial development
In its most recent annual report (2025), BITZER Electronics A/S reported revenue of DKK 644.2m, an increase of 592% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 95.4m, and the EBITDA margin stood at 4.8%.
At the end of 2025, equity financed 17.5% of the balance sheet, and current assets covered short-term debt 1.2 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 644,222 | 93,159 | 81,137 | 112,489 | 109,843 |
| Staff expenses | -88,619 | -79,960 | -78,448 | -80,616 | -75,785 |
| EBITDA | 31,041 | 13,199 | 2,689 | 31,873 | 34,058 |
| Depreciation & amort. | -11,542 | -5,686 | -3,041 | -3,280 | -3,538 |
| EBIT | 19,499 | 7,513 | -352 | 28,593 | 30,521 |
| Net financials | 70,508 | -280,304 | -35,655 | -370 | 4,616 |
| Profit before tax | 90,007 | -272,791 | -36,007 | 28,223 | 35,137 |
| Tax | -5,395 | -6,313 | -2,380 | 5,904 | 7,127 |
| Net profit | 95,402 | -266,478 | -33,627 | 22,319 | 28,010 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 338,526 | 1,223,379 | 1,398,960 | 124,871 | 132,795 |
| Equity | 59,140 | -228,714 | 32,045 | 65,673 | 43,353 |
| Long-term debt | 0 | 0 | 0 | 0 | 2,045 |
| Short-term debt | 255,893 | 1,430,542 | 1,330,835 | 29,421 | 59,084 |
| Total debt | 255,893 | 1,430,542 | 1,330,835 | 29,421 | 61,129 |
Financial ratios
5-year trendEBITDA margin
4.8 %
20212025
Equity ratio
17.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
161.3 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
14.8 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Asset turnover
1.90×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
4.72×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery strong
Among the 20% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very strong
Among the 10% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 10% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 40% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 40% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalWeak
Among the 40% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MK Management | Management | 2024 |
Former (12)
ED Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
HM Deputy | Deputy | 2003 – 2003 |
AM Management | Management | 2016 – 2020 |
KS Management | Management | 2008 – 2014 |
HH Management | Management | 2008 – 2023 |
BH Deputy | Deputy | 1999 – 2003 |
JS Deputy | Deputy | 1999 – 2001 |
JA Management | Management | 2008 – 2008 |
FS Deputy | Deputy | 2003 – 2003 |
TD Management | Management | 2014 – 2015 |
UK Chief Executive Officer | Chief Executive Officer | 2023 – 2023 |
PW Management | Management | 2021 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
CJ Chairman | Chairman | 2015 |
FH Board of Directors | Board of Directors | 2015 |
RM Board of Directors | Board of Directors | 2010 |
HM Board of Directors | Board of Directors | 2021 |
Former (19)
JO Deputy Chairman | Deputy Chairman | 1998 – 2003 |
HM Board of Directors | Board of Directors | 2014 – 2015 |
FF Board of Directors | Board of Directors | 2004 – 2006 |
MH Board of Directors | Board of Directors | 2012 – 2013 |
CH Board of Directors | Board of Directors | 2006 – 2008 |
UW Board of Directors | Board of Directors | 2010 – 2012 |
EL Board of Directors | Board of Directors | 1998 – 2003 |
KS Board of Directors | Board of Directors | 2014 – 2016 |
HH Board of Directors | Board of Directors | 2003 – 2008 |
RG Board of Directors | Board of Directors | 2008 – 2010 |
JM Board of Directors | Board of Directors | 2013 – 2015 |
BK Board of Directors | Board of Directors | 2003 – 2008 |
JS Board of Directors | Board of Directors | 2001 – 2003 |
JA Board of Directors | Board of Directors | 2011 – 2013 |
HL Chairman | Chairman | 1998 – 2003 |
CK Deputy Chairman | Deputy Chairman | 2008 – 2014 |
GP Board of Directors | Board of Directors | 2015 – 2021 |
LH Board of Directors | Board of Directors | 1999 – 2001 |
PF Chairman | Chairman | 2008 – 2015 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2025 | |
| Individual | 100% | 100% | 2008 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
BITZER Holding Denmark ApS
BITZER Electronics A/S Board network connections
Board members of BITZER Electronics A/S also hold positions in 69 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bent Kristensen | Board of Directors | 14 companiesMany roles |
| Eskild Lyngholm | Board of Directors | 11 companiesMany roles |
| Carsten Højer Jensen | Board of Directors | 9 companiesMany roles |
| Hans Lindum Møller | Chairman | 8 companiesMany roles |
| Erik Damsgaard | Chief Executive Officer | 5 companies |
| Peter Westergaard | Management | 3 companies |
| Michael Kousgård Snerling | Management | 2 companies |
| Henning Højberg Kristensen | Management | 2 companies |
| Frede Schmidt | Deputy | 2 companies |
| Christian Jürgen Wehrle | Chairman | 2 companies |
| Frank Hartmann | Board of Directors | 2 companies |
| Rainer Meinhard Grosse-Kracht | Board of Directors | 2 companies |
| Hans Martin Büchsel | Board of Directors | 2 companies |
| Anna Marie Damgaard Kristensen | Management | 1 company |
| Kristian Strand | Management | 1 company |
| Jens Andersen | Management | 1 company |
| Tore Dybdahl Østergaard | Management | 1 company |
| Lars Hausen | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of BITZER Electronics A/S?
BITZER Electronics A/S is registered with CVR / Virk under CVR 21340006.
What is the revenue of BITZER Electronics A/S?
BITZER Electronics A/S reported revenue of DKK 644.2m in 2025.
How many employees does BITZER Electronics A/S have?
BITZER Electronics A/S employs 147 people as of the latest annual report.
Who is the chairman of BITZER Electronics A/S?
Christian Jürgen Wehrle chairs the board of BITZER Electronics A/S, in role since 2015.
Where is BITZER Electronics A/S headquartered?
BITZER Electronics A/S's registered address is Kærvej 77.