BLUE WATER MIDDLE EAST A/S

CVR 10281806 · Public limited company (A/S) · Active · Low risk

BLUE WATER MIDDLE EAST A/S is a Public limited company (A/S), founded on 10 May 1986, based in Esbjerg. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 276.6m and a net result of DKK 47.8m. CEO: Dan Gregers Nissen.

Bankruptcy risk for BLUE WATER MIDDLE EAST A/S

0.0%

probability of bankruptcy within 12 months

Low risk

0.0 × the average (1.41%) · higher risk than 0% of active Danish companies

Lowest riskHighest risk

Increases the risk

No significant risk factors.

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×

Published annual reports10+ · bankruptcy rate 3.0%0.35×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

Equity ratio60%+ · bankruptcy rate 3.3%0.38×

Current ratio200%–500% · bankruptcy rate 3.4%0.39×

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number: 10281806
Status: Active
Company type: Public limited company (A/S)
Founded: 10 May 1986 (40 years)
Address: Trafikhavnskaj 9
6700 Esbjerg
Municipality: Esbjerg
Industry: Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 1.0m
Auditor: BDO Statsautoriseret Revisionspartnerselskab
Audit opted out: No

Warning signs

Annual reports filed late	3 of 31
Missing annual report	No
Negative equity	No
Equity ratio	86.9%
Current ratio	258%
Moves (last 2 years)	0
CEO changes in total	3
CEO's previous bankruptcies	0
Other companies at the address	17
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024	2023
Gross profit	–	DKK -95k	DKK -126k
Net profit	DKK 47.8m	DKK 72.3m	DKK 65.9m
Equity	DKK 276.6m	DKK 246.4m	DKK 166.7m
Total assets	DKK 318.3m	DKK 286.3m	DKK 197.6m
Cash	DKK 63k	DKK 68k	–
Short-term debt	DKK 5.2m	DKK 353k	–
Tax owed	DKK 0	–	–
Avg. employees	0	0	–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	15 Apr 2026	105
1 Jan 2024 – 31 Dec 2024	31 Mar 2025	90
1 Jan 2023 – 31 Dec 2023	27 Jun 2024	179
1 Jan 2022 – 31 Dec 2022	29 Mar 2023	88
1 Jan 2021 – 31 Dec 2021	9 May 2022	129
1 Jan 2020 – 31 Dec 2020	7 Apr 2021	97
1 Jan 2019 – 31 Dec 2019	27 May 2020	148
1 Jan 2018 – 31 Dec 2018	4 Jun 2019	155
1 Jan 2017 – 31 Dec 2017	28 May 2018	148
1 Jan 2016 – 31 Dec 2016	2 Jun 2017	153
1 Jan 2015 – 31 Dec 2015	30 May 2016	151
1 Jan 2014 – 31 Dec 2014	1 Jun 2015	152
1 Jan 2013 – 31 Dec 2013	31 May 2014	151
1 Jan 2012 – 31 Dec 2012	27 May 2013	147
1 Jan 2011 – 31 Dec 2011	21 May 2012	142
1 Jan 2010 – 31 Dec 2010	23 May 2011	143
1 Jan 2009 – 31 Dec 2009	18 May 2010	138
1 Jan 2008 – 31 Dec 2008	27 Apr 2009	117
1 Jan 2007 – 31 Dec 2007	6 May 2008	127
1 Jan 2006 – 31 Dec 2006	29 Apr 2007	119

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

Role	Name	From	To
CEO	Dan Gregers Nissen	21 Apr 2004	Current
CEO	Arne Iversen	10 May 1986	16 Jul 2001
CEO	Kurt Skov	10 May 1986	21 Apr 2004
Board	Dan Gregers Nissen	21 Apr 2004	Current
Board	Flemming Busch	5 Aug 2019	Current
Board	Thomas Bek	14 Aug 2025	Current
Board	Lars Peter Ehrhorn	10 May 1986	12 Dec 2000
Board	Niels Stie Kaalund	10 May 1986	12 Dec 2000
Board	Gyrithe Skov	10 May 1986	3 Jun 1994
Board	Jacob Rosenhøj Jørgensen	12 Dec 2000	16 Jul 2001
Board	Carsten Eskildsen	16 Jul 2001	21 Apr 2004
Board	Kurt Skov	21 Apr 2004	4 Jan 2019
Board	Allan Vahlun Junge Pedersen	21 Apr 2004	5 Aug 2019
Board	Søren Nørgaard Thomsen	4 Jan 2019	14 Aug 2025
Owner (100%)	BLUE WATER INTERNATIONAL A/S	20 Feb 2001	Current
Auditor	BDO Statsautoriseret Revisionspartnerselskab	21 Aug 2025	Current
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	10 May 1986	7 May 1990
Auditor	DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB	10 May 1986	13 Oct 2011
Auditor	DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB	13 Oct 2011	1 Dec 2023
Auditor	BDO Holding VII, statsautoriseret revisionsaktieselskab	1 Dec 2023	21 Aug 2025
Founder	A/S PSE NR. 1680	10 May 1986	Current

The CEOs' other companies

Dan Gregers Nissen – 17 other companies

BLUE WATER CAPITAL A/S Fusioneret
BLUE WATER GREENLAND A/S Active
BLUE WATER HOLDING A/S Active
BLUE WATER INTERNATIONAL A/S Active
BLUE WATER MANAGEMENT A/S Fusioneret
BLUE WATER MARINE & ENERGY A/S Fusioneret
BLUE WATER PROPERTY A/S Active
BLUE WATER SHIPPING A/S Active
BLUE WATER STEVEDORING A/S Active
BLUE WATER TRANSPORT A/S Fusioneret
BWCNH ApS Active
Blue Water Energy Services A/S Active
Blue Water Logistics A/S Active
Blue Water Tec A/S Active
Blue Water Thyborøn A/S Opløst
Euroterminal - Blue Water/ Frigoscandia ApS Fusioneret
FEMERN BELT SERVICES A/S Opløst

Kurt Skov – 43 other companies, of which 1 bankrupt

MELSHIP DENMARK ApS Bankrupt 27 Jan 2016
A/S VESTJYDSK FRYSE- & KØLEHUS Fusioneret
Arena Esbjerg A/S Active
BLUE WATER CAPITAL A/S Fusioneret
BLUE WATER GREENLAND A/S Active
BLUE WATER HOLDING A/S Active
BLUE WATER INTERNATIONAL A/S Active
BLUE WATER IT A/S Fusioneret
BLUE WATER MANAGEMENT A/S Fusioneret
BLUE WATER MARINE & ENERGY A/S Fusioneret
BLUE WATER NORD A/S Fusioneret
BLUE WATER PROPERTY A/S Active
BLUE WATER SHIPPING A/S Active
BLUE WATER STEVEDORING A/S Active
BLUE WATER TRANSPORT A/S Fusioneret
BLUE WATER/SCAN-EURO A/S Fusioneret
BWCNH ApS Active
BWF AF DEN 10/12-1999 A/S Opløst
Blue Power Partners A/S Active
Blue Water Logistics A/S Active
CARGO SERVICE EJENDOMME A/S Fusioneret
DEN GAMLE TOLDBOD ApS Opløst
E D & F Man Terminals Denmark ApS Active
ES-AIR A/S Opløst
ESBJERG TUBULAR SERVICES ApS Active
Euroterminal - Blue Water/ Frigoscandia ApS Fusioneret
FEMERN BELT SERVICES A/S Opløst
HOLDINGSELSKABET AF 30. DECEMBER 2003 A/S Fusioneret
J.Z. RASMUSSEN A/S Opløst
J.Z. RASMUSSEN TRADING A/S Opløst

Address history (2 moves)

2 Sep 2011	Trafikhavnskaj 9, 6700 Esbjerg
21 Apr 2004	Trafikhavnskaj 11, 6700 Esbjerg
10 May 1986	Tværkaj 2, 6700 Esbjerg

Former names

BLUE WATER MIDDLE EAST A/S	27 Jun 1991 – now
KURT SKOV SHIPPING A/S	8 May 1990 – 26 Jun 1991
KURT SKOV SHIPPING ApS	26 May 1987 – 7 May 1990
ApS SPKR 4 NR.1140	10 May 1986 – 25 May 1987

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about BLUE WATER MIDDLE EAST A/S

Has BLUE WATER MIDDLE EAST A/S gone bankrupt?

No, BLUE WATER MIDDLE EAST A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of BLUE WATER MIDDLE EAST A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of BLUE WATER MIDDLE EAST A/S?

Dan Gregers Nissen is the CEO of BLUE WATER MIDDLE EAST A/S.

Who is the auditor of BLUE WATER MIDDLE EAST A/S?

BLUE WATER MIDDLE EAST A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was BLUE WATER MIDDLE EAST A/S founded?

BLUE WATER MIDDLE EAST A/S was founded on 10 May 1986.

What is the equity of BLUE WATER MIDDLE EAST A/S?

Equity was DKK 276.6m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.