BG Development A/S

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CVR 26179068Kamillevænget 4, 5270 Odense NResearch and experimental development on natural sciences and engineering· NACE 7210Est. 2001 · 25 years old1 employees

Overview

BG Development A/S is a Danish A/S based in Odense N, operating in the Research and experimental development on natural sciences and engineering sector. Incorporated in 2001, the company has 1 employee and reported a gross profit of DKK 190.8k in its latest annual filing.

Gross profit 2025

0.2M DKK

−86% vs 2024

EBITDA margin (of gross profit)

14.2 %

−98% vs 2024

Net profit 2025

-0M DKK

-100% vs 2024

Key ratios

See full ratios →

80.7 %

Strong

Among the 30% highest rated companies in the industry

20212025

1.4×

Weak

Among the 40% lowest rated companies in the industry

20212025

-0.1 %

Weak

Among the 40% lowest rated companies in the industry

20212025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	0.2M DKK	-86%
EBITDA	0M DKK	-98%
Net profit	-0M DKK	-100%
Total assets	2M DKK	-8%
Equity	1.6M DKK	-8%
Employees	1	—

Contact

Address

Kamillevænget 4, 5270 Odense N

Phone

+45 4033 3045

claus@guldfeldt.net

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), BG Development A/S reported a gross profit of DKK 190.8k, a decrease of 86% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 2.2k, and the EBITDA margin stood at 14.2%.

At the end of 2025, equity financed 80.7% of the balance sheet, and current assets covered short-term debt 1.4 times. BG Development A/S is one of 2 companies registered under Research and experimental development on natural sciences and engineering in Denmark.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023	2022	2021
Gross profit	191	1,335	215	554	468
Staff expenses	-164	-112	-77	-72	-72
EBITDA	27	1,223	139	482	396
Depreciation & amort.	-30	-25	-42	-94	-445
EBIT	-2	1,198	97	388	-50
Net financials	-1	17	9	-63	13
Profit before tax	-3	1,215	106	325	-37
Tax	-1	54	20	31	76
Net profit	-2	1,161	87	294	-113

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Balance sheet

DKK thousands

Item	2025	2024	2023	2022	2021
Total assets	2,016	2,188	864	892	4,839
Equity	1,628	1,765	764	795	3,501
Long-term debt	0	0	0	0	0
Short-term debt	389	423	100	96	1,324
Total debt	389	423	100	96	1,324

Financial ratios

5-year trend

EBITDA margin (of gross profit)

14.2 %

20212025

Equity ratio

80.7 %

Strong

Among the 30% highest rated companies in the industry

20212025

Return on equity

-0.1 %

Weak

Among the 30% lowest rated companies in the industry

20212025

Net profit margin (of gross profit)

-1.2 %

20212025

Asset turnover (of gross profit)

0.09×

20212025

Debt / equity

0.24×

Strong

Among the 40% highest rated companies in the industry

20212025

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Weak

Among the 30% lowest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Weak

Among the 40% lowest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Weak

Among the 30% lowest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Average

Around the average of companies in the same industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioWeak

Among the 40% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Liquidity

Current ratioWeak

Among the 40% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioWeak

Among the 40% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioStrong

Among the 40% highest rated companies in the industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 20% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery weak

Among the 20% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioVery weak

Among the 10% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioStrong

Among the 30% highest rated companies in the industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioStrong

Among the 30% highest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityStrong

Among the 40% highest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityStrong

Among the 40% highest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 40% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtAverage

Around the average of companies in the same industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageWeak

Among the 40% lowest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtAverage

Around the average of companies in the same industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginWeak

Among the 40% lowest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalAverage

Around the average of companies in the same industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityWeak

Among the 40% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
CS Claus Skaarup Guldfeldt Management	Management	2002

Former (2)


SS Steen Schierbeck Management	Management	2001 – 2002
CE Carl Edvard Gudbergsen Audit	Audit	2001 – 2002

Board of directors

Non-executive oversight

Name	Role	Member since
Current (3)
JM Jannie Marion Behrens Beier Chairman	Chairman	2002
CS Claus Skaarup Guldfeldt Board of Directors	Board of Directors	2002
FB Frederik Behrens Beier Guldfeldt Board of Directors	Board of Directors	2011

Former (4)


AR Anette Røsli De Vallier Board of Directors	Board of Directors	2002 – 2011
SS Steen Schierbeck Board of Directors	Board of Directors	2001 – 2002
BM Britta Madsen Board of Directors	Board of Directors	2001 – 2002
VL Vera Lykkesborg Petersen Board of Directors	Board of Directors	2001 – 2002

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Jannie Marion Behrens Beier	Individual	50–66.65%	50–66.65%	2001
Claus Skaarup Guldfeldt	Individual	50–66.65%	50–66.65%	2001

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of BG Development A/S also hold positions in 15 other companies.

Person	Role here	Other companies
Steen Schierbeck	Management	10 companiesMany roles
Jannie Marion Behrens Beier	Chairman	2 companies
Claus Skaarup Guldfeldt	Management	1 company
Carl Edvard Gudbergsen	Audit	1 company
Frederik Behrens Beier Guldfeldt	Board of Directors	1 company

Frequently asked questions

What is the CVR number of BG Development A/S?

BG Development A/S is registered with CVR / Virk under CVR 26179068.

What is the gross profit of BG Development A/S?

BG Development A/S reported a gross profit of DKK 190.8k in 2025.

How many employees does BG Development A/S have?

BG Development A/S employs 1 people as of the latest annual report.

Who is the chairman of BG Development A/S?

Jannie Marion Behrens Beier chairs the board of BG Development A/S, in role since 2002.

Where is BG Development A/S headquartered?

BG Development A/S's registered address is Kamillevænget 4.