Asetek A/S Logo

Asetek A/S

ISIN: DK0060477263 | Ticker: ASTK | LEI: 213800ATZVDWWKJ8NI47
Country: Denmark

About Asetek A/S

Company Description

Asetek A/S is a Danish-based company that specializes in providing optimized liquid cooling solutions for computer systems. Established in 2000, the company has become a global leader in liquid cooling technology, serving some of the biggest names in the gaming, high-performance computing, and datacenter industries. Asetek's innovative technology has been recognized with many awards and accolades including the Popular Science "Best of What's New" award and the Tech Innovator award for its energy-efficient liquid cooling solution. The company's liquid cooling systems have been designed with the goal of making computer systems run faster, quieter, and more efficiently.

Year founded


Served area





Assensvej 2, 9220 Aalborg – Denmark

Financial statements

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Line item in (usd) 01.01.2019 02.01.2019 01.01.2020 02.01.2020 01.01.2021
Assets N/A N/A 54,105,000.00 N/A 71,393,000.00
Noncurrent Assets N/A N/A 13,863,000.00 N/A 17,292,000.00
Property Plant And Equipment N/A N/A 6,115,000.00 N/A 7,049,000.00
Deferred Tax Assets N/A N/A 5,521,000.00 N/A 6,421,000.00
Current Assets N/A N/A 40,242,000.00 N/A 54,101,000.00
Inventories N/A N/A 1,657,000.00 N/A 2,531,000.00
Trade And Other Current Receivables N/A N/A 14,080,000.00 N/A 24,471,000.00
Cash and cash equivalents N/A 18,627,000.00 24,505,000.00 24,505,000.00 27,099,000.00
Equity And Liabilities N/A N/A 54,105,000.00 N/A 71,393,000.00
Equity 38,958,000.00 N/A 39,008,000.00 N/A 47,525,000.00
Issued Capital N/A N/A 423,000.00 N/A 433,000.00
Retained Earnings N/A N/A 38,197,000.00 N/A 50,681,000.00
Other Reserves N/A N/A 388,000.00 N/A -3,589,000.00
Liabilities N/A N/A 15,097,000.00 N/A 23,868,000.00
Noncurrent Liabilities N/A N/A 2,774,000.00 N/A 2,604,000.00
Current Liabilities N/A N/A 12,323,000.00 N/A 21,264,000.00
Trade And Other Current Payables To Trade Suppliers N/A N/A 8,257,000.00 N/A 14,117,000.00
Accruals Classified As Current N/A N/A 1,022,000.00 N/A 2,429,000.00
Shortterm Employee Benefits Accruals N/A N/A 1,526,000.00 N/A 3,193,000.00
Line item in (usd) 01.01.2019/
Revenue 54,334,000.00 72,750,000.00
Other Income 753,000.00 N/A
Profit Loss From Operating Activities 1,048,000.00 10,928,000.00
Finance Income 359,000.00 51,000.00
Finance Costs 171,000.00 192,000.00
Profit Loss Before Tax 1,454,000.00 9,426,000.00
Income Tax Expense Continuing Operations 2,082,000.00 231,000.00
Profit (loss) -628,000.00 9,195,000.00
Line item in (usd) 01.01.2020 02.01.2019 01.01.2021 02.01.2020
Profit (loss) -628,000.00 N/A 9,195,000.00 N/A
Adjustments For Income Tax Expense 2,082,000.00 N/A 231,000.00 N/A
Adjustments For Depreciation And Amortisation Expense 4,057,000.00 N/A 3,754,000.00 N/A
Adjustments For Sharebased Payments 1,056,000.00 N/A 918,000.00 N/A
Interest Paid Classified As Operating Activities 84,000.00 N/A 112,000.00 N/A
Interest Received Classified As Operating Activities 359,000.00 N/A 51,000.00 N/A
Income Taxes Paid Refund Classified As Operating Activities 172,000.00 N/A -10,000.00 N/A
Cash Flows From Used In Operating Activities 8,870,000.00 N/A 11,430,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A 1,316,000.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities 713,000.00 N/A 1,929,000.00 N/A
Purchase Of Intangible Assets Classified As Investing Activities 1,441,000.00 N/A 1,571,000.00 N/A
Cash Flows From Used In Investing Activities -2,154,000.00 N/A -4,816,000.00 N/A
Proceeds From Issuing Shares 64,000.00 N/A 2,381,000.00 N/A
Payments To Acquire Or Redeem Entitys Shares N/A N/A 6,369,000.00 N/A
Repayments Of Borrowings Classified As Financing Activities -22,000.00 N/A 269,000.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities 734,000.00 N/A 831,000.00 N/A
Cash Flows From Used In Financing Activities -648,000.00 N/A -5,088,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -190,000.00 N/A 1,068,000.00 N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes 5,878,000.00 N/A 2,594,000.00 N/A
Cash and cash equivalents 24,505,000.00 18,627,000.00 27,099,000.00 24,505,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information






Information Technology

Industry Group

Technology Hardware & Equipment


Technology Hardware, Storage Peripherals


Technology Hardware, Storage & Peripherals

Listed Stock Exchange

Nasdaq Copenhagen

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