Skovgaard Development ApS
Private limited companyCVR 39692317LemvigActive
Skovgaard Development ApS is a private limited company, based in Lemvig, active in production of electricity from non-renewable sources, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 491k. With 6 employees, the company is about 3 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- The loss got smaller: from DKK 664k to DKK 491k (2024 → 2025).
- Equity turned positive again: DKK 3.3m (2024 → 2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Production of electricity from non-renewable sources (351100)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 287 | −1,821 | 0 | −203 | −212 | −212 | −0.1% |
| Operating profit (EBIT) | 379 | −1,821 | – | – | – | – | – |
| Profit before tax | 157 | −1,999 | −318 | −983 | −868 | −659 | +24.1% |
| Net profit | 164 | −1,560 | −248 | −812 | −664 | −491 | +26.1% |
| Total assets | 10,189 | 9,579 | 10,157 | 10,246 | 10,600 | 9,861 | −7% |
| Equity | 26 | −1,534 | −1,782 | −2,594 | −3,258 | 3,251 | +199.8% |
| Liabilities | 9,821 | 11,112 | 11,939 | 12,840 | 13,858 | 6,609 | −52.3% |
| Cash and cash equivalents | 5 | 333 | 682 | 751 | 850 | 161 | −81% |
| Average number of employees | 0 | 0 | 0 | – | – | 0 | – |
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, 2021, 2022, 2023, 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
Signals from the financial statements
calculated from the 2025 figuresLoss for 5 years in a row
Net result has been negative in 2021–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 11/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 14/05/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 19/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 19/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 04/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 03/06/2021 | The company | PDFXBRL |
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.
Position in the industry
15 companies in the databaseComparison with the other companies in production of electricity from non-renewable sources based on the latest financial year.
Industry median: gross profit DKK 1.6m, net profit −DKK 279k, equity DKK 11.5m, 2 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 66,983of 69,742 Better than 4% | No. 18,439of 69,964 Better than 74% |
| Same industry and fewer than 20 employees11 companies in the comparison | No. 8of 11 Better than 30% | No. 6of 11 Better than 50% |
| Companies that are between 5 and 14 years old33,679 companies in the comparison | No. 32,538of 33,579 Better than 3% | No. 8,028of 33,678 Better than 76% |
| All companies of type ApS66,508 companies in the comparison | No. 64,195of 66,379 Better than 3% | No. 15,031of 66,505 Better than 77% |
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
Production of electricity from non-renewable sources- Skovgaard Development ApS−DKK 212k
- Ørsted Services A/SDKK 1.3bn
- Verdo Produktion A/SDKK 111.9m
- Skovgaard Development ApS−DKK 491k
- Ørsted Services A/S−DKK 160.2m
- Verdo Produktion A/SDKK 38.2m
- Skovgaard Development ApSDKK 3.3m
- Ørsted Services A/SDKK 721m
- Verdo Produktion A/SDKK 241.3m
- Skovgaard Development ApS6
- Ørsted Services A/S1,544
- Verdo Produktion A/S50
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterManagement
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jørgen Skovgaard | Director | 02/07/2018 |
- Founders
- Skovgaard Energy A/S
Signing rule: Virksomheden tegnes af en direktør alene.
Address and production units
1 active production unitsKirkebyvej 1
7620 Lemvig
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Skovgaard Development ApS | Kirkebyvej 1, Hove, 7620 Lemvig | 6 | 1023757946 |
Purpose
Virksomhedens formål er køb, salg, investering og finansiering samt udvikling og drift af projekter for produktion af vedvarende energi og anden hermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
12 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Production of electricity from non-renewable sources (351100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20213 changesownership 2 · accounts 1
- OwnershipSKOVGAARD CAPITAL ApS registered as owner (100%)
- OwnershipSkovgaard Energy A/S is no longer registered as owner
- AccountsAnnual report for 2020 published
20183 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as Skovgaard Development ApS
- ManagementJørgen Skovgaard appointed director
- OwnershipSkovgaard Energy A/S registered as owner (100%)
Related companies
Same people in management
- Skovgaard Energy A/Svia Jørgen Skovgaard
- Northfold Capital ApSvia Jørgen Skovgaard
- Skovgaard Capital ApSvia Jørgen Skovgaard
- JSkov Holding 2015 ApSvia Jørgen Skovgaard
- Stutteri Klosterheden ApSvia Jørgen Skovgaard
Largest in the industry
- Ørsted Services A/SDKK 1.3bn
- Verdo Produktion A/SDKK 111.9m
- Maabjerg Energy Center - BioHeat&Power A/SDKK 55.2m
- Viborg Varme Produktion A/SDKK 8.2m
- J. H. Energy ApSDKK 3.9m
- Ts23 ApSDKK 3.5m
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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.