CVRdatabase
Menu

Baettr Lem A/S

Public limited companyCVR 35515046Lem StActive

Baettr Lem A/S is a public limited company, based in Lem St, active in manufacture of electric motors, generators and transformers, founded in 2013. The company went from a profit in 2024 to a loss of DKK 39.2m in 2025. Measured by gross profit, it ranks no. 7 of 29 companies in the industry in the database. With 99 employees, the company is about 8 times larger than the industry median.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profitDKK 26m−73.1% vs. 2024
Net profit−DKK 39.2m−427.3% vs. 2024
EquityDKK 527k−99% vs. 2024
Employees99latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 73% (2024 → 2025), to DKK 26m.
  • Net profit went from a profit of DKK 12m to a loss of DKK 39.2m (2024 → 2025).
  • Equity fell 99% (2024 → 2025), to DKK 527k.

Employees

  • 23 fewer employees than a year earlier: 99 (07/2026) against 122 (07/2025).

Management and owners, last 24 months

  • New in management: Peter Christian Pallishøj (chair of the board, 09/10/2025), Maria-Louise Schmidt Bjørkmann (board member, 11/06/2026) and Thomas Kiilerich Henriksen (chair of the board, 31/01/2025) (+1).
  • Stepped down: Peter Christian Pallishøj (board member, 08/10/2025), Thomas Rahbek (chair of the board, 31/01/2025) and Thomas Kiilerich Henriksen (chair of the board, 09/10/2025) (+1).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of electric motors, generators and transformers (271100)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60m202020212022202320242025
EquityNet profit
Financial figures for Baettr Lem A/S
202020212022202320242025Change
Revenuenot stated787,724717,072815,474not statednot stated–
Gross profit84,06977,22388,121102,14196,85226,036−73.1%
Operating profit (EBIT)–−4,3916,49316,42316,225−50,539−411.5%
Profit before tax7,085−4,6706,85113,96215,425−50,844−429.6%
Net profit5,435−4,3035,49711,02511,981−39,218−427.3%
Total assets245,305254,119303,329186,738189,432174,789−7.7%
Equity30,54626,24331,74042,76554,745527−99%
Liabilities212,884219,913269,456141,643132,774174,262+31.2%
Cash and cash equivalents29113441547023872−69.6%
Average number of employees115124120118109104−4.6%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
Gross profitMedian, the industry (29 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 99% from 2024 to 2025 (DKK 54.7m to DKK 527k).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 0% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Baettr Lem A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202419/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202321/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202211/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202127/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202030/06/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
02040608010012014008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

29 companies in the database

Comparison with the other companies in manufacture of electric motors, generators and transformers based on the latest financial year.

Gross profitDKK 26mNo. 7 of 29
Better than 79% of the companies in the industry
EquityDKK 527kNo. 21 of 29
Better than 29% of the companies in the industry
Number of employees99No. 3 of 29
Better than 93% of the companies in the industry

Industry median: gross profit DKK 5.2m, net profit DKK 318k, equity DKK 5m, 13 employees.

DKK 310kDKK 2.4mDKK 18.2mDKK 139.9mDKK 544.2mHere
Distribution of gross profit for 24 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 2,958of 4,412
Better than 33%
No. 4,079of 4,466
Better than 9%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 1,490of 33,588
Better than 96%
No. 19,568of 33,687
Better than 42%
All companies of type A/S18,025 companies in the comparison
No. 4,872of 17,786
Better than 73%
No. 16,652of 18,024
Better than 8%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Manufacture of electric motors, generators and transformers
Gross profit
  1. Baettr Lem A/SDKK 26m
  2. Linak A/SDKK 1.1bn
  3. Itw Gse ApSDKK 280.2m
Net profit
  1. Baettr Lem A/S−DKK 39.2m
  2. Linak A/SDKK 272.5m
  3. Itw Gse ApSDKK 146.8m
Equity
  1. Baettr Lem A/SDKK 527k
  2. Linak A/SDKK 2.6bn
  3. Itw Gse ApSDKK 268.8m
Employees
  1. Baettr Lem A/S99
  2. Linak A/S1,180
  3. Itw Gse ApS118

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Baettr Holding GmbH100%
Baettr Lem A/S

Management

4 active registrations

Executive management

Executive management at Baettr Lem A/S
NameRoleAppointed
Michael Westh ThorsenCEO29/04/2022

Board of directors

Board of directors at Baettr Lem A/S
NameRoleAppointed
Michael Westh ThorsenBoard member29/04/2022
Peter Christian PallishøjChair of the board09/10/2025
Maria-Louise Schmidt BjørkmannBoard member11/06/2026
Founders
Vestas Wind Systems A/S
Former management (25)
Former management at Baettr Lem A/S
NameRoleAppointedResigned
Flemming Obenhausen AndersenBoard member07/10/201331/10/2013
Steen MøllerChair of the board07/10/201331/10/2013
Jean-Marc Denis LecheneBoard member07/10/201331/10/2013
Jean-Marc Denis LecheneDirector07/10/201331/10/2013
Kim Kronborg ChristiansenChair of the board31/10/201315/11/2016
Peter Christian PallishøjBoard member31/10/201301/09/2015
Peter Christian PallishøjCEO31/10/201301/09/2015
Allan Harritslev NielsenBoard member31/10/201307/06/2016
Frank HøgholmBoard member01/09/201522/02/2017
Frank HøgholmCEO01/09/201522/02/2017
Michael EngelenBoard member07/06/201614/11/2016
Allan Harritslev NielsenBoard member15/11/201602/01/2017
Michael EngelenChair of the board15/11/201601/01/2017
Peter Christian PallishøjBoard member02/01/201708/10/2025
Michael EngelenBoard member02/01/201706/11/2018
Stefan BrandtChair of the board02/01/201701/11/2019
Peter Christian PallishøjCEO22/02/201729/04/2022
Ina HannenBoard member06/11/201831/10/2019
Claus VeenstraDirector01/11/201927/01/2022
Ina HannenChair of the board01/11/201912/01/2021
Ingo KnechtBoard member01/11/201922/04/2021
Thomas RahbekChair of the board12/01/202131/01/2025
Mads Lykke NørbyBoard member22/04/202108/04/2022
Thomas Kiilerich HenriksenChair of the board31/01/202509/10/2025
Poul Erik Kamstrup KristensenBoard member09/10/202511/06/2026

Signing rule: Selskabet tegnes af bestyrelsesformanden og et bestyrelsesmedlem i forening, en direktør og et bestyrelsesmedlem i forening eller af den samlede bestyrelse.

Address and production units

1 active production units

Smed Hansens Vej 27
6940 Lem St

Ringkøbing-Skjern Municipality · Postcode 6940

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Baettr Lem A/SSmed Hansens Vej 27, 6940 Lem St921018819046

Purpose

Selskabets formål er at drive virksomhed inden for handel og industri og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

69 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Maria-Louise Schmidt Bjørkmann appointed board member
  • Poul Erik Kamstrup Kristensen stepped down as board member
20258 changesmanagement 6 · accounts 1 · industry 1
  • Poul Erik Kamstrup Kristensen appointed board member
  • Peter Christian Pallishøj appointed chair of the board
  • Thomas Kiilerich Henriksen stepped down as chair of the board
  • Peter Christian Pallishøj stepped down as board member
  • Annual report for 2024 published
  • Thomas Kiilerich Henriksen appointed chair of the board
  • Thomas Rahbek stepped down as chair of the board
  • Industry changed to Manufacture of electric motors, generators and transformers (271100)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20226 changesaccounts 1 · management 5
  • Annual report for 2021 published
  • Michael Westh Thorsen appointed ceo
  • Michael Westh Thorsen appointed board member
  • Peter Christian Pallishøj stepped down as ceo
  • Mads Lykke Nørby stepped down as board member
  • Claus Veenstra stepped down as director
20215 changesaccounts 1 · management 4
  • Annual report for 2020 published
  • Mads Lykke Nørby appointed board member
  • Ingo Knecht stepped down as board member
  • Thomas Rahbek appointed chair of the board
  • Ina Hannen stepped down as chair of the board
20201 changeaddress 1
  • Moved to Smed Hansens Vej 27, 6940 Lem St
20198 changesmanagement 5 · ownership 2 · name 1
  • Ingo Knecht appointed board member
  • Ina Hannen appointed chair of the board
  • Claus Veenstra appointed director
  • Stefan Brandt stepped down as chair of the board
  • Ina Hannen stepped down as board member
  • Baettr Holding GmbH registered as owner (100%)
  • GLOBAL CASTINGS HOLDING A/S is no longer registered as owner
  • Name changed from GLOBAL CASTINGS LEM A/S to Baettr Lem A/S
20182 changesmanagement 2
  • Ina Hannen appointed board member
  • Michael Engelen stepped down as board member
20178 changesmanagement 8
  • Peter Christian Pallishøj appointed ceo
  • Frank Høgholm stepped down as board member
  • Frank Høgholm stepped down as ceo
  • Michael Engelen appointed board member
  • Peter Christian Pallishøj appointed board member
  • Stefan Brandt appointed chair of the board
  • Allan Harritslev Nielsen stepped down as board member
  • Michael Engelen stepped down as chair of the board
20166 changesmanagement 6
  • Michael Engelen appointed chair of the board
  • Allan Harritslev Nielsen appointed board member
  • Kim Kronborg Christiansen stepped down as chair of the board
  • Michael Engelen stepped down as board member
  • Michael Engelen appointed board member
  • Allan Harritslev Nielsen stepped down as board member
20154 changesmanagement 4
  • Frank Høgholm appointed board member
  • Frank Høgholm appointed ceo
  • Peter Christian Pallishøj stepped down as board member
  • Peter Christian Pallishøj stepped down as ceo
201316 changesaddress 1 · name 1 · management 12 · founded 1 · ownership 1
  • Moved to Smed Hansens Vej 27, 6940 Lem St
  • Name changed from VML 2013 A/S to GLOBAL CASTINGS LEM A/S
  • Peter Christian Pallishøj appointed board member
  • Allan Harritslev Nielsen appointed board member
  • Peter Christian Pallishøj appointed ceo
  • Kim Kronborg Christiansen appointed chair of the board
  • Steen Møller stepped down as chair of the board
  • Jean-Marc Denis Lechene stepped down as director
  • Jean-Marc Denis Lechene stepped down as board member
  • Flemming Obenhausen Andersen stepped down as board member
  • Registered as VML 2013 A/S
  • Steen Møller appointed chair of the board
  • Jean-Marc Denis Lechene appointed director
  • Jean-Marc Denis Lechene appointed board member
  • Flemming Obenhausen Andersen appointed board member
  • GLOBAL CASTINGS HOLDING A/S registered as owner (100%)

Related companies

Same industry in Ringkøbing-Skjern

See all →

Same people in management

Largest in the industry

See all →

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

View in CVRReport a correction