Nasdaq CopenhagenIFRS · DKK

BeGreen A/S

BeGreen A/S is a Danish group focused on developing, constructing, and operating green electricity projects. Its business centers on pipeline projects and the ownership structure behind those projects, with activities tied to renewable power infrastructure in Denmark and related markets.

Kysy yhtiöstä
Liikevaihto100,0milj. DKK
−40,4 %v/v
Liikevoitto (EBIT)−500milj. DKK
+76,9 %v/v
EBIT-marginaali−500,2%
+790,7 %-yks.v/v
Nettotulos−477milj. DKK
+77,1 %v/v
Vapaa kassavirta−73,6milj. DKK
−5,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

−2 500−2 000−1 500−1 000−5000500milj. DKK2024: 168 milj. DKK2024: EBIT −2 167 milj. DKK20242025: 100 milj. DKK2025: EBIT −500 milj. DKK2025100−500
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: BeGreen A/S

Liiketoiminta

Osuus liikevaihdosta
Project development25 %

Identifying, planning, and advancing green electricity projects through permitting and development stages.

Construction30 %

Building renewable electricity assets and related infrastructure for individual project companies.

Power generation30 %

Operating green electricity assets that produce and sell electricity.

Project holding and management15 %

Owning, managing, and supervising the project entities that make up the pipeline.

Asiakkaat

BeGreen appears to serve project counterparties, suppliers, and offtake or operating partners involved in renewable electricity assets rather than broad consumer end markets. Its business is driven by project-level contracts, supplier relationships, and the commercialization of electricity-producing assets.

Project buyers and counterparties

Buy developed or partially developed renewable electricity projects and related rights.

Equipment and service suppliers

Provide spare parts and services used in construction and operations.

Financial counterparties

Banks and guarantee providers that support project execution and working capital needs.

Electricity market participants

Purchase or settle electricity-related output from operating assets.

Strategia

The company’s strategic focus is to develop a pipeline of green electricity projects and move them through construction into operation. Its competitive position depends on securing project rights, managing execution risk, and maintaining access to suppliers, financing, and permits.

Progress the project pipelineKeskipitkä aikaväli

Value is created by moving projects from development into construction and operation.

Navigate planning and permit processesLyhyt aikaväli

Project timing and realizability depend on local planning approvals and prioritization.

Control project execution and supplier commitmentsLyhyt aikaväli

Construction and operating performance depend on supplier availability and contract management.

Maantiede

BeGreen is headquartered in Denmark and the available filing points to a business organized around Danish project entities. The report does not provide a country revenue split, so the geographic profile should be read as primarily Denmark-based with exposure to local permitting, grid, and policy conditions.

Riskit

BeGreen is exposed to project-development and policy risk because the value of its assets depends on permits, planning processes, and the economics of individual pipeline projects. It also faces operational and financial reporting risk from construction commitments, guarantees, lease obligations, and impairment judgments tied to project viability.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Political and permitting uncertainty1Project impairment risk2Supplier and execution risk3Guarantee and commitment risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Political and permitting uncertaintyVaikutus: KorkeaTodennäköisyys: Korkea

    The report says the key impairment trigger in 2025 is political uncertainties of project business cases, which can reduce project viability.

    Kohdistuu: Pipeline project approvals and development plans

  2. Project impairment riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The group allocates goodwill and project value to a single cash-generating unit, so weak project economics can trigger write-downs.

    Kohdistuu: Goodwill and project assets

  3. Supplier and execution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    Construction and operations rely on third-party equipment, spare parts, and services, which can disrupt timelines and budgets.

    Kohdistuu: Supplier contracts and project delivery

  4. Guarantee and commitment riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company has bank guarantees and supplier commitments that can absorb liquidity if project needs rise or performance slips.

    Kohdistuu: Nordea guarantee and supplier contracts

Kysy Clarifolta: BeGreen A/S

Kirjanpito

Harkinnanvaraiset erät
Goodwill impairment

Goodwill is allocated to the BeGreen group as one CGU, so valuation depends on project assumptions and can be sensitive to planning uncertainty.

Vaikutus: Could cause material non-cash write-downs if project economics weaken

Contract work in progress

Work performed is recognized based on the selling price of the work carried out, affecting revenue timing and contract assets/liabilities.

Vaikutus: Can shift revenue between periods and affect working capital

Lease accounting

Right-of-use assets and lease liabilities are recognized for leased assets, affecting balance-sheet size and interest/depreciation patterns.

Vaikutus: Can materially affect reported leverage and operating profit presentation

Contingent liabilities and guarantees

Bank guarantees and secondary tax liabilities may create obligations that are not fully reflected in headline debt metrics.

Vaikutus: Important for assessing off-balance-sheet exposure

Foreign currency translation

The group has foreign exchange exposure from receivables, payables, and derivatives held for trading.

Vaikutus: Can create earnings volatility from remeasurement

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Dovre Group

DOV1V · Consulting Services

Orrön Energy

ORRON · Energy

Green Landscaping Group

GREEN · Industrials

AleAnna, Inc.

ANNA · Crude Petroleum & Natural Gas

POWERBANK Corp

PBK · Construction - Special Trade Contractors

NewHydrogen, Inc.

NEWH · Unsupported Plastics Film & Sheet

Päivitetty: 24.10.2026