Polytech Group ApS
Key figures
- Return on assets
- -3.4%
- Return on equity
- 12.6%
- Current ratio
- 60.7%
- Equity ratio
- 61.2%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 3,885,000 |
Operating profit | -3,425,000 |
Finance income | 226,000 |
Finance expenses | 2,905,000 |
Tax expense | -1,338,000 |
Profit/loss for the year | 7,742,000 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 34 |
Personnel costs | 5,085,000 EUR |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 295,000 |
Current assets | 12,524,000 |
Non-current assets | 87,528,000 |
Total assets | 100,052,000 |
Equity | 61,227,000 |
Liabilities | 38,825,000 |
Current liabilities | 20,643,000 |
Working capital
| Reporting period | |
|---|---|
Trade payables | 386,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 14,000 |
Retained earnings | 60,675,000 |
Proposed dividend recognised in equity | 0 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 71,194,000 |
Property, plant and equipment | 5,777,000 |
Annual report highlights
Business and development
Polytech Group's develops and produces a wide portfolio of products and solutions supporting the global wind industry, onshore and offshore. Products are primarily sold to wind turbine manufacturers (OEMs), asset owners developers, distributors, and independent service providers.
Polytech Group offers unique value propositions within business line areas: Lightning Protection, Leading Edge Protection, Blade Monitoring, Transport Track & Protect, Blade Performance Upgrades, Test & Validation Services, and future development areas such as subsea solutions.
Development in activities and financial and economic position
The income statement for 2025 shows a profit of TEUR 7,742 and the balance sheet shows an equity at
TEUR 61,227. The development and result exceed the management's expectations.
Future expectations
The company expects the development of the market measured on number of turbines to be flat in 2026. The reason being the market grows in terms of MW, but the MW rating and size of each turbine also grows.
This expectation is reflected in the financial results where revenue and profit are expected to be at the same level as in 2025.
Profit/loss for the year compared to the expected development
The income from investments in subsidiaries increased significantly from 2024 to 2025 which is primarily caused by a higher revenue, especially in the subsidiary in China.
Risks and material matters
Significant events after the end of the financial year
No events have occurred after the end of the financial year of material importance for the Company's financial position.
Commitments and security
Joint liabilitiesThe Danish companies of the group is jointly and severally liable for tax on the group’s jointly taxed income and for certain possible withholding taxes such as dividend tax and royalty tax, and for the joint registration of VAT.
Tax payable of the group’s jointly taxed income amounts to EUR (‘000) 0 at the Balance Sheet date.
13 | Charges and securities
The group has secured a commitment with Nykredit Bank through a registered company charge of TEUR 24,500 nominal. The registered company charge includes licences, other plant, fixtures and equipment and trade receivables from group enterprises.…
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