Baltic Renewables ApS (CVR 39831279) Company Profile

Ownership

LISBY WP ApS
CVR 3150100833.3% to under 50% of capital and votesnotified 18 Dec 2024since 3 Sep 2018
JHC Investments ApS
CVR 3970954625% to under 33.3% of capital and votesnotified 26 Feb 2024since 3 Sep 2018
Harbo Renewables Invest ApS
CVR 3971341125% to under 33.3% of capital and votesnotified 26 Feb 2024since 3 Sep 2018

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (3)

Skovgaard Energy A/S
CVR 2420537125% to under 33.3% of capital and votesnotified 27 Dec 20223 Sep 2018 to 27 Dec 2022
SKOVGAARD CAPITAL ApS
CVR 3092272725% to under 33.3% of capital and votesnotified 26 Feb 202427 Dec 2022 to 26 Feb 2024
Lisby GR ApS
CVR 4446214133.3% to under 50% of capital and votesnotified 18 Dec 202430 Nov 2023 to 18 Dec 2024

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): No owner holds a majorityNo owner holds 50% or more; legal owners in the CVR owner register only. Dandex estimate, rule v2, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): No controlling ownerNo owner holds 50% or more of the company. Dandex estimate, rule v2, computed 10 Nov 2026.
Group position (Koncernforhold): No parent, and no majority holding in a Danish companyNo owner holds 50% or more; it holds 50% or more of no Danish company. Dandex estimate, rule v1, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Mainly shares in group and associated companiesShares in group and associated enterprises are 78.5% of total assets in the 2025 report. Dandex estimate, rule v1, computed 10 Nov 2026.
Signing authority, structured (Tegningsregel, struktureret): Two people must act togetherThe registered signing rule needs at least two people acting together. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (3)

Gunnar Lisby KjærExecutive board since 3 Sep 2018, Board of directors since 3 Sep 2018
Jacob Hänel ChristensenBoard of directors since 3 Sep 2018
Nikolaj HarboBoard of directors since 3 Sep 2018

Founders (4)

Harbo Renewables Invest ApSFounded 3 Sep 2018, holds a current role
JHC Investments ApSFounded 3 Sep 2018, holds a current role
LISBY WP ApSFounded 3 Sep 2018, holds a current role
Skovgaard Energy A/SFounded 3 Sep 2018

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (1)

Jørgen SkovgaardBoard of directors 3 Sep 2018 to 26 Feb 2024

Network

Roles Over Time

Gunnar Lisby Kjær: Executive board, 3 Sep 2018 to today; Board of directors, 3 Sep 2018 to today.
Jacob Hänel Christensen: Board of directors, 3 Sep 2018 to today.
Nikolaj Harbo: Board of directors, 3 Sep 2018 to today.

3 Sep 2018 to 10 Nov 2026.

Former (1)

Jørgen Skovgaard: Board of directors, 3 Sep 2018 to 26 Feb 2024.

3 Sep 2018 to 10 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	-30	-13	2,202	-62	Not reported
Operating profit	Not reported	Not reported	Not reported	Not reported	-51
Result for the year	-262	-456	+14,665	+10,643	+40,559
Equity	-420	-876	5,789	3,997	5,297
Total assets	3,382	5,554	6,225	4,035	5,334
Employees (average)	0	0	0	0	1
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	n.m.^{note 1}	n.m.^{note 1}	n.m.^{note 1}	-102.8%	Not reported^{note 2}
Employee growth (vækst i antal ansatte)	n.m.^{note 1}	n.m.^{note 1}	n.m.^{note 1}	n.m.^{note 1}	0%
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-64	-192	19	-51	-822^{note 3}
Interest coverage (rentedækning)	-0.3x^{note 4}	-0.1x^{note 4}	1.2x^{note 4}	n.m.^{note 5}	Not reported^{note 6}
Adjusted equity ratio (justeret soliditetsgrad)	-12.4%^{note 7}	-15.8%^{note 7}	93%^{note 7}	99.1%^{note 7}	99.3%^{note 7}
ROIC (afkast af investeret kapital)	n.m.^{note 8}	n.m.^{note 8}	92.9%^{note 4}	-1%^{note 9}	-0.9%^{note 10}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-3,225	-5,365	-372	-307	-1,132^{note 3}

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. No cash flow statement filed (class A and B are exempt).

1 n.m.: the year before is not positive
2 no gross profit filed
3 no interest-bearing debt reported
4 Dandex estimate: EBIT rebuilt from profit before tax and financial items
5 n.m.: finance expenses are 0
6 no finance expenses filed
7 Dandex estimate: no intangible or deferred tax assets to deduct
8 n.m.: invested capital not positive
9 Dandex estimate: EBIT rebuilt from profit before tax and financial items; statutory 22% used: profit before tax not positive
10 Dandex estimate: statutory 22% used: profit before tax not positive; no interest-bearing debt reported

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 18 May 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 17 Feb 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 17 May 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 26 Jun 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 28 Jun 2022
PDF

Financials

Changes

Dandex has recorded no changes to this company since it began following the register.

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af direktøren i forening med et medlem af bestyrelsen eller af to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.since 3 Sep 2018
Purpose (Formål): Selskabets formål er at eje kapitalandele i selskaber, der direkte eller indirekte driver virksomhed med udvikling, opførelse samt drift af vedva-rende energi anlæg samt efter bestyrelsens skøn dermed beslægtet virksomhed.since 3 Sep 2018
Audit opted out (Revision fravalgt): Nosince 10 Feb 2025
Articles of association last changed (Seneste vedtægtsdato): 15 May 2024
Share classes (Kapitalklasser): Nosince 3 Sep 2018
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 3 Sep 2018

Share Capital

Each registered value from the day it took effect, newest first.

3 Sep 201850,000 DKKEarliest in CVR

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

7 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

23 Jun 2025
Address change
Ny adresse: Havnen 72, 7620 Lemvig
10 Jun 2025
Other
Vedtægter ændret: 15.05.2024
17 Feb 2025
Audit change
Revision:
Tiltrådte:
CVR-NR. 31501741 REVISIONSFIRMAET OLE VESTERGAARD, STATSAUTORISERET REVISIONSANPARTSSELSKAB, Bakkevænget 16, 8990 Fårup, den 10.02.2025.
7 Mar 2024
Address change
Ny adresse: Torvet 4, 7620 Lemvig
6 Mar 2024
People change Address change
Ny adresse: c/o Synergien Lemvig, Torvet 4, 7620 Lemvig
Bestyrelse:
Fratrådte:
Jacob Hänel Christensen, den 26.02.2024.
Tiltrådte:
Jacob Hänel Christensen, (formand), den 26.02.2024.
29 Feb 2024
People change
Bestyrelse:
Fratrådte:
Jørgen Skovgaard, (formand), den 26.02.2024.
3 Sep 2018
New company
Stiftelsesdato: 03.09.2018.
Virkningsdato: 03.09.2018.
Seneste vedtægtsdato: 03.09.2018.
Kapital:
kr. 50.000,00.
Kapitalklasser: Nej
Show the full announcement
Indbetalingsmåde: Indbetalt kontant kr. 50.000,00 til kurs 100,00, fuldt indbetalt.
Stiftere:
CVR-NR. 24205371 SKOVGAARD INVEST ApS, Kirkebyvej 1, Houe, 7620 Lemvig, den 03.09.2018, CVR-NR. 31501008 LISBY WINDPOWER ApS, Skovlyvej 2, Rom, 7620 Lemvig, den 03.09.2018, CVR-NR. 39709546 JHC Investments ApS, Søndre Allé 28, 2500 Valby, den 03.09.2018, CVR-NR. 39713411 Harbo Renewables Invest ApS, Stægers Alle 27, 2000 Frederiksberg, den 03.09.2018.
Bestyrelse:
Jørgen Skovgaard (formand), den 03.09.2018, Jacob Hänel Christensen, den 03.09.2018, Nikolaj Harbo, den 03.09.2018, Gunnar Lisby Kjær, den 03.09.2018.
Direktion:
Gunnar Lisby Kjær (adm. dir), den 03.09.2018.
Selskabet tegnes af direktøren i forening med et medlem af bestyrelsen eller af tobestyrelsesmedlemmer i forening eller af den samlede bestyrelse..
Første regnskabsår:
03.09.2018 - 31.12.2019.
Regnskabsår:
01.01 - 31.12.
Formål:
Selskabets formål er at eje kapitalandele i selskaber, der direkte eller indirekte driver virksomhed med udvikling, opførelse samt drift af vedva-rende energi anlæg samt efter bestyrelsens skøn dermed beslægtet virksomhed.

Registrations (Registreringer)

Registration

Address: Havnen 72
7620 Lemvig
Lemvig Municipality
CVR record last changed: 30 Jan 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

Baltic Renewables ApS
P-number 1023918958Havnen 72, 7620 Lemvig

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Headcount

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Dandex Estimates

People

Current (3)

Founders (4)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Registry Facts

Share Capital

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Dandex Estimates

Current (3)

Founders (4)

Network

Shared by two or more of its people

Owners and the control chain

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Shared by two or more of its people

Owners and the control chain

Its people and their other companies