Skovgaard Development ApS

CVR 39692317 · Private limited company (ApS) · Active · Low risk

Skovgaard Development ApS is a Private limited company (ApS), founded on , based in Lemvig. The company is registered in the industry produktion af elektricitet fra ikke-vedvarende energikilder. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 7 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 3.3m and a net result of DKK -491k. CEO: Jørgen Skovgaard.

Bankruptcy risk for Skovgaard Development ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 33% of active Danish companies

Lowest riskHighest risk

Increases the risk

Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
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
39692317
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
c/o Jørgen Skovgaard, Kirkebyvej 1
7620 Lemvig
Municipality
Lemvig
Industry
Produktion af elektricitet fra ikke-vedvarende energikilder (351100)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 50k
Auditor
Deloitte Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late1 of 7
Missing annual reportNo
Negative equityNo
Equity ratio33.0%
Current ratio142%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address23
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK -212kDKK -212kDKK -203k
Net profitDKK -491kDKK -664kDKK -812k
EquityDKK 3.3mDKK -3.3mDKK -2.6m
Total assetsDKK 9.9mDKK 10.6mDKK 10.2m
CashDKK 161kDKK 850k–
Short-term debtDKK 6.6mDKK 13.9m–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025162
1 Jan 2024 – 31 Dec 2024134
1 Jan 2023 – 31 Dec 2023171
1 Jan 2022 – 31 Dec 2022170
1 Jan 2021 – 31 Dec 2021185 Late
1 Jan 2020 – 31 Dec 2020154
2 Jul 2018 – 31 Dec 2019150

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

RoleNameFromTo
CEOJørgen SkovgaardCurrent
Owner (100%)SKOVGAARD CAPITAL ApSCurrent
Owner (100%)Skovgaard Energy A/S
AuditorREVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSkovgaard Energy A/SCurrent

The CEOs' other companies

Jørgen Skovgaard – 44 other companies

Address history (0 moves)

c/o Jørgen Skovgaard, Kirkebyvej 1, 7620 Lemvig

Other companies at the same address

Similar companies in Lemvig

Questions and answers about Skovgaard Development ApS

Has Skovgaard Development ApS gone bankrupt?

No, Skovgaard Development ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Skovgaard Development ApS?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Skovgaard Development ApS?

Jørgen Skovgaard is the CEO of Skovgaard Development ApS.

Who is the auditor of Skovgaard Development ApS?

Skovgaard Development ApS most recently used Deloitte Statsautoriseret Revisionspartnerselskab.

When was Skovgaard Development ApS founded?

Skovgaard Development ApS was founded on 2 July 2018.

What is the equity of Skovgaard Development ApS?

Equity was DKK 3.3m 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.