Baltic Renewables ApS

CVR 39831279 · Private limited company (ApS) · Active · Low risk

Baltic Renewables ApS is a Private limited company (ApS), founded on , based in Lemvig. The company is registered in the industry investering for egen regning. 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. The latest annual report (31 Dec 2025) shows equity of DKK 5.3m and a net result of DKK 40.6m.

Bankruptcy risk for Baltic Renewables ApS

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEOs in total (historical)0 · bankruptcy rate 12.4%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Current ratio500%+ · bankruptcy rate 1.5%0.17×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

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
39831279
Status
Active
Company type
Private limited company (ApS)
Founded
(8 years)
Address
Havnen 72
7620 Lemvig
Municipality
Lemvig
Industry
Investering for egen regning (649910)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 50k
Auditor
REVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 7
Missing annual reportNo
Negative equityNo
Equity ratio99.3%
Current ratio3,091%
Moves (last 2 years)1
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address7
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK -51kDKK -62kDKK 2.2m
Net profitDKK 40.6mDKK 10.6mDKK 14.7m
EquityDKK 5.3mDKK 4.0mDKK 5.8m
Total assetsDKK 5.3mDKK 4.0mDKK 6.2m
CashDKK 822kDKK 51k–
Short-term debtDKK 37kDKK 38k–
Avg. employees10–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · Revisionsfirmaet Ole Vestergaard Statsautoriseret Revisionsanpartsselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025138
1 Jan 2024 – 31 Dec 202448
1 Jan 2023 – 31 Dec 2023138
1 Jan 2022 – 31 Dec 2022177
1 Jan 2021 – 31 Dec 2021179
1 Jan 2020 – 31 Dec 2020175
3 Sep 2018 – 31 Dec 2019119

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
BoardGunnar Lisby KjærCurrent
BoardNikolaj HarboCurrent
BoardJacob Hänel ChristensenCurrent
BoardJørgen Skovgaard
BoardJacob Hänel Christensen
Owner (25%)JHC Investments ApSCurrent
Owner (25%)Harbo Renewables Invest ApSCurrent
Owner (33%)LISBY WP ApSCurrent
Owner (25%)Skovgaard Energy A/S
Owner (25%)LISBY WP ApS
Owner (25%)JHC Investments ApS
Owner (25%)Harbo Renewables Invest ApS
Owner (25%)Skovgaard Energy A/S
Owner (25%)LISBY WP ApS
Owner (20%)JHC Investments ApS
Owner (20%)Harbo Renewables Invest ApS
Owner (25%)SKOVGAARD CAPITAL ApS
Owner (25%)Lisby GR ApS
Owner (33%)Lisby GR ApS
AuditorREVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKABCurrent
FounderSkovgaard Energy A/SCurrent
FounderLISBY WP ApSCurrent
FounderJHC Investments ApSCurrent
FounderHarbo Renewables Invest ApSCurrent

Address history (2 moves)

Havnen 72, 7620 Lemvig
c/o Synergien Lemvig, Torvet 4, 7620 Lemvig
Havnen 66, 7620 Lemvig

Other companies at the same address

Similar companies in Lemvig

Questions and answers about Baltic Renewables ApS

Has Baltic Renewables ApS gone bankrupt?

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

What is the bankruptcy risk of Baltic Renewables 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 auditor of Baltic Renewables ApS?

Baltic Renewables ApS most recently used REVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKAB.

When was Baltic Renewables ApS founded?

Baltic Renewables ApS was founded on 3 September 2018.

What is the equity of Baltic Renewables ApS?

Equity was DKK 5.3m 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.