BLUE WATER SHIPPING A/S
CVR 40516611 · Public limited company (A/S) · Active · Low risk
BLUE WATER SHIPPING A/S is a Public limited company (A/S), founded on , based in Esbjerg. The company is registered in the industry andre støtteaktiviteter i forbindelse med transport. 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, 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 420.5m and a net result of DKK -23.5m. CEO: Flemming Busch, Dan Gregers Nissen.
Bankruptcy risk for BLUE WATER SHIPPING 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
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Reduces the risk
Reporting classReporting class C, stor virksomhed · bankruptcy rate 1.1%0.13×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Employees (latest year)100+ · bankruptcy rate 2.3%0.27×
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×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
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
- 40516611
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (44 years)
- Address
- Trafikhavnskaj 9
6700 Esbjerg - Municipality
- Esbjerg
- Industry
- Andre støtteaktiviteter i forbindelse med transport (522600)
Bankruptcies in the industry: Speditører - Share capital
- DKK 50.0m
- Employees
- 860 (2018)
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 5 of 31 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 26.1% |
| Current ratio | 87% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 9 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 17 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Revenue | DKK 6.0bn | DKK 6.1bn |
| Gross profit | DKK 527.3m | DKK 518.5m |
| Net profit | DKK -23.5m | DKK -19.3m |
| Equity | DKK 420.5m | DKK 483.7m |
| Total assets | DKK 1.6bn | DKK 1.6bn |
| Cash | DKK 543k | – |
| Short-term debt | DKK 1.2bn | – |
| Avg. employees | 887 | – |
Latest annual report: Reporting class C, stor virksomhed · 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 | 86 | ||
| 1 Jan 2024 – 31 Dec 2024 | 90 | ||
| 1 Jan 2023 – 31 Dec 2023 | 94 | ||
| 1 Jan 2022 – 31 Dec 2022 | 88 | ||
| 1 Jan 2021 – 31 Dec 2021 | 96 | ||
| 1 Jan 2020 – 31 Dec 2020 | 85 | ||
| 1 Jan 2019 – 31 Dec 2019 | 135 | ||
| 1 Jan 2018 – 31 Dec 2018 | 149 | ||
| 1 Jan 2017 – 31 Dec 2017 | 145 | ||
| 1 Jan 2016 – 31 Dec 2016 | 151 | ||
| 1 Jan 2015 – 31 Dec 2015 | 151 | ||
| 1 Jan 2014 – 31 Dec 2014 | 152 | ||
| 1 Jan 2013 – 31 Dec 2013 | 148 | ||
| 1 Jan 2012 – 31 Dec 2012 | 170 | ||
| 1 Jan 2011 – 31 Dec 2011 | 151 | ||
| 1 Jan 2010 – 31 Dec 2010 | 142 | ||
| 1 Jan 2009 – 31 Dec 2009 | 139 | ||
| 1 Jan 2008 – 31 Dec 2008 | 161 | ||
| 1 Jan 2007 – 31 Dec 2007 | 251 | Late | |
| 1 Jan 2006 – 31 Dec 2006 | 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 | Flemming Busch | Current | |
| CEO | Dan Gregers Nissen | Current | |
| CEO | Kurt Skov | ||
| CEO | Carsten Eskildsen | ||
| CEO | Allan Vahlun Junge Pedersen | ||
| CEO | Thomas Bek | ||
| Board | Jørgen Meyer | Current | |
| Board | Merete Søby | Current | |
| Board | Niels Stie Kaalund | Current | |
| Board | Kurt Skov | Current | |
| Board | Jørgen Dencker Wisborg | Current | |
| Board | Anne Roed Skov | Current | |
| Board | Henrik Dam Larsen | Current | |
| Board | Flemming Hansen | ||
| Board | Jørgen Lauridsen Jensen | ||
| Board | Gyrithe Skov | ||
| Board | Lars Peter Ehrhorn | ||
| Board | Andy Nørregaard Andersen | ||
| Board | Michael Honore | ||
| Board | Niels Stie Kaalund | ||
| Board | Morten Petersen | ||
| Board | Carsten Eskildsen | ||
| Board | Allan Vahlun Junge Pedersen | ||
| Board | Carsten Steffensen | ||
| Board | Dan Gregers Nissen | ||
| Board | Bent Rasmussen | ||
| Board | Johnny Søtrup | ||
| Board | Morten Petersen | ||
| Board | Ole Frie | ||
| Board | Niels Stie Kaalund | ||
| Board | Jørgen Meyer | ||
| Board | Preben Møller Nielsen | ||
| Board | Niels Stie Kaalund | ||
| Board | Kurt Skov | ||
| Board | Niels Stie Kaalund | ||
| Board | Kurt Skov | ||
| Board | Peter Damsboe | ||
| Board | Niels Stie Kaalund | ||
| Board | Kurt Skov | ||
| Board | Anne Roed Skov | ||
| Board | Torben Bjerre-Madsen | ||
| Board | Jesper Kristensen | ||
| Board | Robert Steen Kledal | ||
| Board | Jørgen Dencker Wisborg | ||
| Owner (100%) | BLUE WATER HOLDING A/S | Current | |
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab |
The CEOs' other companies
Flemming Busch – 9 other companies
- BLUE WATER GREENLAND A/S Active
- BLUE WATER HOLDING A/S Active
- BLUE WATER INTERNATIONAL A/S Active
- BLUE WATER MIDDLE EAST A/S Active
- BLUE WATER PROPERTY A/S Active
- BLUE WATER STEVEDORING A/S Active
- Blue Water Energy Services A/S Active
- Blue Water Tec A/S Active
- ESBJERG TUBULAR SERVICES ApS Active
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 MIDDLE EAST A/S Active
- BLUE WATER PROPERTY 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 MIDDLE EAST A/S Active
- BLUE WATER NORD A/S Fusioneret
- BLUE WATER PROPERTY 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
Carsten Eskildsen – 24 other companies, of which 1 bankrupt
- KJØD & KUL P/S Bankrupt 10 Oct 2022
- A/S TMC TRANSPORT MANAGEMENT CONSULTANTS LTD Active
- BC HOLDING AF 2011 A/S Fusioneret
- BLUE WATER CAPITAL A/S Fusioneret
- BLUE WATER GREENLAND 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 MIDDLE EAST A/S Active
- BLUE WATER NORD A/S Fusioneret
- BLUE WATER PROPERTY A/S Active
- BLUE WATER STEVEDORING A/S Active
- BLUE WATER TRANSPORT A/S Fusioneret
- BLUE WATER/SCAN-EURO A/S Fusioneret
- CRC HOLDING AF 2006 A/S Fusioneret
- ESKILDSEN HJERTING ApS Active
- FRAGTTERMINALEN A/S Opløst
- H. DAUGAARD A/S Active
- H. DAUGAARD HOLDING A/S Active
- IAT A/S Active
- IAT HOLDING A/S Active
- KNUD SØRENSEN SHIPPING A/S Fusioneret
- TRINITY SHIPPING SERVICES A/S Active
Allan Vahlun Junge Pedersen – 22 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 IT A/S Fusioneret
- BLUE WATER MANAGEMENT A/S Fusioneret
- BLUE WATER MARINE & ENERGY A/S Fusioneret
- BLUE WATER MIDDLE EAST A/S Active
- BLUE WATER NORD A/S Fusioneret
- BLUE WATER PROPERTY A/S Active
- BLUE WATER STEVEDORING A/S Active
- BLUE WATER TRANSPORT A/S Fusioneret
- BLUE WATER/SCAN-EURO A/S Fusioneret
- BWF AF DEN 10/12-1999 A/S Opløst
- CARGO SERVICE EJENDOMME A/S Fusioneret
- ESBJERG TUBULAR SERVICES ApS Active
- Emil Neckelmanns Vej 20 ApS Active
- Euroterminal - Blue Water/ Frigoscandia ApS Fusioneret
- KNUD SØRENSEN SHIPPING A/S Fusioneret
- KURT SKOV HOLDING A/S Active
- NORDSHIPPING A/S Opløst
- Ventrupparken 8A & 8B ApS Active
Thomas Bek – 7 other companies
- Arena Esbjerg A/S Active
- BLUE WATER GREENLAND A/S Active
- BLUE WATER HOLDING A/S Active
- BLUE WATER INTERNATIONAL A/S Active
- BLUE WATER MIDDLE EAST A/S Active
- Blue Water Energy Services A/S Active
- Blue Water Tec A/S Active
Address history (2 moves)
| Trafikhavnskaj 9, 6700 Esbjerg | |
| Trafikhavnskaj 11, 6700 Esbjerg | |
| Tværkaj 2, 6700 Esbjerg |
Employees per year
Other companies at the same address
- SEA OFFSHORE I ApS Bankrupt
- BLUE WATER HOLDING A/S Active
- BLUE WATER INTERNATIONAL A/S Active
- BLUE WATER IT A/S Fusioneret
- BLUE WATER MIDDLE EAST A/S Active
- BLUE WATER PROPERTY A/S Active
- BLUE WATER STEVEDORING A/S Active
- BWCNH ApS Active
- Blue Water Energy Services A/S Active
- Blue Water Tec A/S Active
- ESSI A/S Opløst
- LOSSESELSKABET 999 A/S Active
- POLAR OMEGA HOLDING A/S Opløst
- TRIPLE FISH A/S Fusioneret
- TRIPLENINE GROUP A/S Active
- TRIPLENINE HOLDING ASIA ApS Opløst
- TripleNine Sales A/S Active
Similar companies in Esbjerg
- BWCNH ApS Esbjerg
- A/S TMC TRANSPORT MANAGEMENT CONSULTANTS LTD Esbjerg
- A/S J. LAURITZEN'S EFTF.. ESBJERG Esbjerg
- Dansk Gods- og Maskintransport ApS Esbjerg
- Slinkert og Aarøe ApS Esbjerg
- MHO-Co A/S Esbjerg
- FASTLANE ApS Esbjerg N
- LGJ TRADING & TRANSPORT ApS Esbjerg Ø
- TEAM FREIGHT A/S Esbjerg Ø
- IAT A/S Esbjerg
- SCAN TRANS. ESBJERG ApS Esbjerg V
- DFDS Logistics A/S Esbjerg V
Questions and answers about BLUE WATER SHIPPING A/S
Has BLUE WATER SHIPPING A/S gone bankrupt?
No, BLUE WATER SHIPPING A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of BLUE WATER SHIPPING 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 SHIPPING A/S?
Flemming Busch, Dan Gregers Nissen are the CEOs of BLUE WATER SHIPPING A/S.
Who is the auditor of BLUE WATER SHIPPING A/S?
BLUE WATER SHIPPING A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was BLUE WATER SHIPPING A/S founded?
BLUE WATER SHIPPING A/S was founded on 8 September 1982.
What is the equity of BLUE WATER SHIPPING A/S?
Equity was DKK 420.5m 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.