Blue Water Energy Services A/S

CVR 42925098 · Public limited company (A/S) · Active · Medium risk

Blue Water Energy Services A/S is a Public limited company (A/S), founded on , based in Esbjerg. The company is registered in the industry anlæg af ledningsnet til elektricitet og telekommunikation. Our model estimates a bankruptcy risk of 1.6% over the next 12 months, which is 1.1 times the average for Danish companies. 4 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 -21.3m and a net result of DKK -14.6m.

Bankruptcy risk for Blue Water Energy Services A/S

1.6%
probability of bankruptcy within 12 months
Medium risk

1.1 × the average (1.41%) · higher risk than 79% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
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×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×

Reduces the risk

Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×
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×
Has a boardYes · bankruptcy rate 6.0%0.68×
RegionSyddanmark · bankruptcy rate 6.0%0.68×

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
42925098
Status
Active
Company type
Public limited company (A/S)
Founded
(4 years)
Address
Trafikhavnskaj 9
6700 Esbjerg
Municipality
Esbjerg
Industry
Anlæg af ledningsnet til elektricitet og telekommunikation (422200)
Bankruptcies in the industry: Fremstilling af øvrige maskiner til specielle formål i.a.n.
Share capital
DKK 400k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 4
Missing annual reportNo
Negative equityYes
Equity ratio-43.1%
Current ratio71%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address17
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -15.1mDKK -6.3m
Net profitDKK -14.6mDKK -6.5m
EquityDKK -21.3mDKK -6.6m
Total assetsDKK 49.4mDKK 66.3m
Short-term debtDKK 66.7m–
Avg. employees0–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025138
1 Jan 2024 – 31 Dec 2024112
1 Jan 2023 – 31 Dec 2023186 Late
21 Dec 2021 – 31 Dec 2022188 Late

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
CEODan Lennart Thode Kjellgren
BoardPer JensenCurrent
BoardThomas BekCurrent
BoardFlemming BuschCurrent
BoardDan Lennart Thode Kjellgren
BoardJan Emil Westergaard
BoardDan Gregers Nissen
BoardKim Gade Fialla
BoardRené Paulsen
BoardDan Gregers Nissen
Owner (100%)BLUE WATER INTERNATIONAL A/SCurrent
Owner (50%)DANWIND ApS
Owner (50%)BLUE WATER INTERNATIONAL A/S
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderBLUE WATER INTERNATIONAL A/SCurrent

The CEOs' other companies

Dan Lennart Thode Kjellgren – 13 other companies, of which 3 bankrupt

Address history (0 moves)

Trafikhavnskaj 9, 6700 Esbjerg

Former names

Blue Water Energy Services A/S – now
Danwind Blue Water A/S –

Other companies at the same address

Similar companies in Esbjerg

Questions and answers about Blue Water Energy Services A/S

Has Blue Water Energy Services A/S gone bankrupt?

No, Blue Water Energy Services A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Blue Water Energy Services A/S?

Our model estimates a bankruptcy risk of 1.6% over the next 12 months (medium risk), which is 1.1 times the average for Danish companies.

Who is the auditor of Blue Water Energy Services A/S?

Blue Water Energy Services A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Blue Water Energy Services A/S founded?

Blue Water Energy Services A/S was founded on 21 December 2021.

What is the equity of Blue Water Energy Services A/S?

Equity was DKK -21.3m 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.