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Skovgaard Energy A/S

Public limited companyCVR 24205371LemvigActive

Skovgaard Energy A/S is a public limited company, based in Lemvig, active in investment on own account, founded in 1999. Net profit rose 702% from 2024 to 2025, ending at DKK 178.9m. With 42 employees, the company is about 42 times larger than the industry median. Equity grew to DKK 422m in 2025.

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Key figures · financial year 2025

Gross profitDKK 17.8m−85.6% vs. 2024
Net profitDKK 178.9m+702% vs. 2024
EquityDKK 422m+37.7% vs. 2024
Employees42latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 86% (2024 → 2025), to DKK 17.8m.
  • Net profit rose 702% (2024 → 2025), to DKK 178.9m.
  • Equity rose 38% (2024 → 2025), to DKK 422m.

Employees

  • 9 more employees than a year earlier: 42 (08/2026) against 33 (08/2025).

Management and owners, last 24 months

  • New in management: Kristine Bro Skovgaard (board member, 19/12/2025) and Anders Jørgen Lenborg (board member, 28/03/2025).
  • Stepped down: Niels Erik Skovmose Madsen (board member, 19/12/2025) and Anders Jørgen Lenborg (board member, 24/06/2026).
  • New owners registered: Cloudberry Clean Energy ASA (28/03/2025), Northfold Capital ApS (01/05/2025) and Skovgaard Capital ApS (28/03/2025) (+1).
  • No longer registered as owner: Skovgaard Capital ApS (27/03/2025), Skovgaard Capital ApS (30/04/2025) and Skovgaard Capital ApS (01/05/2025).

Registrations, last 24 months

  • 14/06/2026: Share capital changed from 400,000 DKK to 439,294 DKK
  • 01/01/2025: Industry changed to Investment on own account (649910)

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 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600mDKK 700m202020212022202320242025
EquityNet profit
Financial figures for Skovgaard Energy A/S
202020212022202320242025Change
Revenuenot statednot statednot stated119,380135,100not stated–
Gross profit68,33968,936220,146788,145123,79717,800−85.6%
Operating profit (EBIT)9,24025,961150,936718,79352,822−33,466−163.4%
Profit before tax43,89380,196464,819837,32342,986218,683+408.7%
Net profit41,33774,643395,184648,63522,305178,884+702%
Total assets1,246,1211,110,7781,284,0241,834,5441,181,475863,732−26.9%
Equity548,276441,185712,883283,119306,446421,970+37.7%
Liabilities589,305578,470481,6371,472,371791,072410,859−48.1%
Cash and cash equivalents14,45110,9018,408120,09926,9163,149−88.3%
Average number of employees9916244128−31.7%

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, 2025: smaller companies may omit it, and we do not derive it from other figures. Gross profit can exceed revenue when the company has other operating income or is a financial company.

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

−DKK 100mDKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600mDKK 700mDKK 800m202020212022202320242025
Gross profitMedian, the industry (655 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 32% from 41 in 2024 to 28 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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
Annual reports for Skovgaard Energy A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202423/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202305/07/2024The groupPDFXBRL
202201/01/2022 – 31/12/202205/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202120/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/06/2021The 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
01020304009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profitDKK 17.8mNo. 39 of 623
Better than 94% of the companies in the industry
EquityDKK 422mNo. 56 of 655
Better than 92% of the companies in the industry
Number of employees42No. 20 of 655
Better than 97% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

DKK 100kDKK 968kDKK 9.4mDKK 90.6mDKK 411.3mHere
Distribution of gross profit for 255 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 20–49 employees9,922 companies in the comparison
No. 3,399of 9,892
Better than 66%
No. 123of 9,922
Better than 99%
Same industry and 20–49 employees16 companies in the comparison
No. 4of 14
Better than 77%
No. 3of 16
Better than 87%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 3,778of 24,791
Better than 85%
No. 440of 24,909
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 6,459of 17,786
Better than 64%
No. 827of 18,024
Better than 95%

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

Investment on own account
Gross profit
  1. Skovgaard Energy A/SDKK 17.8m
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. Skovgaard Energy A/SDKK 178.9m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. Skovgaard Energy A/SDKK 422m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. Skovgaard Energy A/S42
  2. Obton A/S11
  3. MS2 Holding ApS7

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
Skovgaard Energy A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at Skovgaard Energy A/S
NameRoleAppointed
Niels Erik Skovmose MadsenDirector28/03/2022

Board of directors

Board of directors at Skovgaard Energy A/S
NameRoleAppointed
Jørgen SkovgaardChair of the board20/09/2022
Bjarke Mollerup BitschBoard member20/09/2022
Pat A HanBoard member20/09/2022
Chlinton Arendahl NielsenDeputy chair09/10/2023
Kristine Bro SkovgaardBoard member19/12/2025
Founders
Jørgen Skovgaard
Former management (3)
Former management at Skovgaard Energy A/S
NameRoleAppointedResigned
Jørgen SkovgaardDirector07/10/199920/09/2022
Niels Erik Skovmose MadsenBoard member20/09/202219/12/2025
Anders Jørgen LenborgBoard member28/03/202524/06/2026

Signing rule: Selskabet tegnes af formanden for bestyrelsen i forening med en direktør, af formanden for bestyrelsen i forening med et bestyrelsesmedlem eller af den samlede bestyrelse

Address and production units

2 active production units

Havnen 66
7620 Lemvig

Lemvig Municipality · Postcode 7620

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Skovgaard Energy A/SHavnen 66, 7620 Lemvig11006405907
Power to XÆrtbjergvej 4, 7620 Lemvig–1030713431

Purpose

Selskabets formål er at udøve virksomhed med handel, finansiering, udvikling, drift og investering i vedvarende energiproduktion samt al virksomhed, som efter bestyrelsens skøn har forbindelse hermed

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
20263 changesaccounts 1 · management 1 · capital 1
  • Annual report for 2025 published
  • Anders Jørgen Lenborg stepped down as board member
  • Share capital changed from 400,000 DKK to 439,294 DKK
202512 changesmanagement 3 · accounts 1 · ownership 7 · industry 1
  • Kristine Bro Skovgaard appointed board member
  • Niels Erik Skovmose Madsen stepped down as board member
  • Annual report for 2024 published
  • SKOVGAARD CAPITAL ApS registered as owner (90%)
  • SKOVGAARD CAPITAL ApS is no longer registered as owner
  • NORTHFOLD CAPITAL ApS registered as owner (90%)
  • SKOVGAARD CAPITAL ApS is no longer registered as owner
  • Anders Jørgen Lenborg appointed board member
  • SKOVGAARD CAPITAL ApS registered as owner (66.67%)
  • Cloudberry Clean Energy ASA registered as owner (5%)
  • SKOVGAARD CAPITAL ApS is no longer registered as owner
  • Industry changed to Investment on own account (649910)
20241 changeaccounts 1
  • Annual report for 2023 published
20232 changesmanagement 1 · accounts 1
  • Chlinton Arendahl Nielsen appointed deputy chair
  • Annual report for 2022 published
202213 changesaddress 1 · name 2 · management 6 · accounts 1 · ownership 2 · capital 1
  • Moved to Havnen 66, 7620 Lemvig
  • Name changed from Skovgaard Energy ApS to Skovgaard Energy A/S
  • Pat A Han appointed board member
  • Jørgen Skovgaard appointed chair of the board
  • Niels Erik Skovmose Madsen appointed board member
  • Bjarke Mollerup Bitsch appointed board member
  • Jørgen Skovgaard stepped down as director
  • Annual report for 2021 published
  • SKOVGAARD CAPITAL ApS registered as owner (90%)
  • SKOVGAARD CAPITAL ApS is no longer registered as owner
  • Name changed from SKOVGAARD INVEST ApS to Skovgaard Energy ApS
  • Share capital changed from 300,000 DKK to 400,000 DKK
  • Niels Erik Skovmose Madsen appointed director
20211 changeaccounts 1
  • Annual report for 2020 published
20081 changeindustry 1
  • Industry changed to Investeringsselskaber (643030)
20071 changeownership 1
  • SKOVGAARD CAPITAL ApS registered as owner (100%)
20031 changecapital 1
  • Share capital changed from 250,000 DKK to 300,000 DKK
20001 changeindustry 1
  • Industry changed to Finansieringsvirksomhed i øvrigt (652395)
19992 changesfounded 1 · management 1
  • Registered as SKOVGAARD INVEST ApS
  • Jørgen Skovgaard appointed director

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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