SI BE Norway A/S

Q: Has SI BE Norway A/S gone bankrupt?

No, SI BE Norway A/S is not registered as bankrupt in the CVR register. Its status is: active.

Q: What is the bankruptcy risk of SI BE Norway A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Q: Who is the CEO of SI BE Norway A/S?

Jørgen Skovgaard is the CEO of SI BE Norway A/S.

Q: Who is the auditor of SI BE Norway A/S?

SI BE Norway A/S most recently used Cedra Godkendt Revisionsaktieselskab.

Q: When was SI BE Norway A/S founded?

SI BE Norway A/S was founded on 7 May 2018.

Q: What is the equity of SI BE Norway A/S?

Equity was DKK -8.4m according to the annual report for the period ending 31 December 2025.

CVR 39568950 · Public limited company (A/S) · Active · Low risk

SI BE Norway A/S is a Public limited company (A/S), founded on 7 May 2018, based in Lemvig. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% over the next 12 months, which is 0.1 times the average for Danish companies. 8 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -8.4m and a net result of DKK -427k. CEO: Jørgen Skovgaard.

Bankruptcy risk for SI BE Norway A/S

0.2%

probability of bankruptcy within 12 months

Low risk

0.1 × the average (1.41%) · higher risk than 44% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×

Negative equityYes · bankruptcy rate 17.5%2.0×

Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×

Return on assets< -20% · bankruptcy rate 16.7%1.9×

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×

Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

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

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

Company typeA/S · bankruptcy rate 4.4%0.50×

Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×

Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

Audit opted outNo · bankruptcy rate 4.8%0.55×

Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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: 39568950
Status: Active
Company type: Public limited company (A/S)
Founded: 7 May 2018 (8 years)
Address: c/o Skovgaard Invest ApS, Havnen 66
7620 Lemvig
Municipality: Lemvig
Industry: Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital: DKK 500k
Auditor: Cedra Godkendt Revisionsaktieselskab
Audit opted out: No

Warning signs

Annual reports filed late	2 of 8
Missing annual report	No
Negative equity	Yes
Equity ratio	-1,409.7%
Current ratio	7%
Moves (last 2 years)	0
CEO changes in total	2
CEO's previous bankruptcies	0
Other companies at the address	22
Going-concern uncertainty	Yes

Financials and key figures

Financial year	2025	2024	2023
Gross profit	DKK -46k	DKK -41k	DKK -26k
Net profit	DKK -427k	DKK -2.7m	DKK -3.9m
Equity	DKK -8.4m	DKK -8.0m	DKK -5.6m
Total assets	DKK 594k	DKK 494k	DKK 2.5m
Cash	DKK 2,991	DKK 1,234	–
Short-term debt	DKK 9.0m	DKK 8.5m	–
Tax owed	DKK 45k	–	–
Avg. employees	0	–	–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	26 Jun 2026	177
1 Jan 2024 – 31 Dec 2024	11 Jul 2025	192	Late
1 Jan 2023 – 31 Dec 2023	27 Jun 2024	179
1 Jan 2022 – 31 Dec 2022	21 Jun 2023	172
1 Jan 2021 – 31 Dec 2021	12 Jul 2022	193	Late
1 Jan 2020 – 31 Dec 2020	18 Jun 2021	169
1 Jan 2019 – 31 Dec 2019	10 Jun 2020	162
7 May 2018 – 31 Dec 2018	3 Jun 2019	154

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	Jørgen Skovgaard	18 Mar 2019	Current
CEO	Mark Augustenborg Ødum	7 May 2018	18 Mar 2019
Board	Jens Jørgen Birch	18 Mar 2019	Current
Board	Jørgen Skovgaard	18 Mar 2019	Current
Board	Michael Vater	7 May 2018	18 Mar 2019
Board	Mark Augustenborg Ødum	7 May 2018	20 Oct 2023
Board	Mikkel Dau Jacobsen	7 May 2018	18 Mar 2019
Board	Rasmus Lildholdt Kjær	7 May 2018	18 Mar 2019
Owner (100%)	SKOVGAARD CAPITAL ApS	20 Oct 2023	Current
Owner (10%)	Better Energy Generation A/S	7 May 2018	21 Dec 2018
Owner (90%)	Byggeselskabet af 01.07.2015 A/S	21 Dec 2018	27 Dec 2018
Owner (10%)	Better Energy Norway ApS	21 Dec 2018	20 Oct 2023
Owner (90%)	Skovgaard Energy A/S	27 Dec 2018	14 Feb 2022
Owner (90%)	SKOVGAARD CAPITAL ApS	14 Feb 2022	19 Oct 2023
Auditor	Cedra Godkendt Revisionsaktieselskab	1 Sep 2026	Current
Auditor	DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB	7 Jul 2022	1 Sep 2026
Founder	Better Energy Generation A/S	7 May 2018	Current

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Mark Augustenborg Ødum – 56 other companies, of which 7 bankrupt

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Solpark Vamdrup P/S Bankrupt 2 Sep 2025
Udviklingsselskabet af 01.01.2024 A/S Bankrupt 27 Feb 2025
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Aktieselskabet II af 26.11.2018 Fusioneret
Aktieselskabet III af 26.11.2018 Active
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Address history (2 moves)

6 Feb 2020	c/o Skovgaard Invest ApS, Havnen 66, 7620 Lemvig
23 Aug 2019	Gammel Kongevej 60, 14., 1850 Frederiksberg C
7 May 2018	c/o Better Energy A/S, Axeltorv 2F, 6., 1609 København V

Former names

SI BE Norway A/S	4 Jan 2019 – now
Better Energy Norway A/S	7 May 2018 – 3 Jan 2019

Other companies at the same address

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Cloudberry Production Holding ApS Active
KHV 2013 Holding ApS Active
KOMPLEMENTARSELSKABET VOLDER MARK ApS Active
Komplementarselskabet Hirtshals Vind ApS Opløst
Komplementarselskabet Klimapark Nees Hede ApS Active
Komplementarselskabet Solpark Vejling ApS Active
Komplementarselskabet Vindtved ApS Active
Kyst-Havneviden ApS Active
NORTHFOLD CAPITAL ApS Active
North Sea Hydrogen A/S Active
North Sky A/S Active
Odin Energy General Partner ApS Active
Skovgaard BioEnergy A/S Active
Skovgaard Energy A/S Active
Skovgaard PtX Holding ApS Active
Stakroge Vindpark Komplementar ApS Active
Svåheia Vindpark ApS Active

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Questions and answers about SI BE Norway A/S

Has SI BE Norway A/S gone bankrupt?

No, SI BE Norway A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of SI BE Norway A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of SI BE Norway A/S?

Jørgen Skovgaard is the CEO of SI BE Norway A/S.

Who is the auditor of SI BE Norway A/S?

SI BE Norway A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was SI BE Norway A/S founded?

SI BE Norway A/S was founded on 7 May 2018.

What is the equity of SI BE Norway A/S?

Equity was DKK -8.4m 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.