Virksomhedsform
Aktieselskab
Etableret
1999
Størrelse
Mellemstore
Ansatte
82
Omsætning
260 MDKK
Bruttofortj.
22 MDKK
Primært resultat (EBIT)
-84.541.000 DKK
Årets resultat
-130.332.000 DKK
Egenkapital
-391.759.000 DKK
annonce

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Rang Årets resultat

Rang i branche
15/15
"Bund 10%"
Rang i Danmark
360.551/360.969
"Bund 10%"

Direktion top 3

Bestyrelse top 3

Rodney Ernest Carlson 1Bestyrelsesformand
BRANDY LYNN JOHNSON AUNGST 1Bestyrelsesmedlem
Cameron Michael Frymyer 1Bestyrelsesmedlem

Legale ejere top 3

Tegningsregler

Selskabet tegnes af to direktører i forening, af et bestyrelsesmedlem i forening med formanden for bestyrelsen eller af et bestyrelsesmedlem i forening med en direktør.

Stamoplysninger baseret på CVR

NavnBabcock & Wilcox A/S
BinavneBabcock & Wilcox Environmental A/S, Babcock & Wilcox Renewable A/S, Babcock & Wilcox Thermal A/S, Babcock & Wilcox Vølund A/S, Ejendomsaktieselskabet Falkevej 2, Babcock & Wilcox A/S, Ejendomsselskabet Falkevej 2 A/S Vis mere
CVR25053664
AdresseDybendalsvænget 3, Klovtofte, 2630 Taastrup
BrancheFremstilling af radiatorer, damp- og fyringskedler til centralvarmeanlæg [252100]
Etableret22-11-1999 (25 år)
Første regnskabsperiode22-11-1999 til 31-12-2000
VirksomhedsformAktieselskab
Antal ansatte59 (årsværk:56)
ReklamebeskyttelseNej
RevisorMartinsen Statsautoriseret Revisionspartnerselskab siden 30-05-2024
Regnskabsperiode01-01 til 31-12
Selskabskapital5.000.000 DKK
20.000.000 DKK (09-12-2002 - 27-12-2020)
10.000.000 DKK (17-12-2001 - 08-12-2002)
125.000 DKK (22-11-1999 - 16-12-2001)
Vedtægter seneste04-10-2021

Formål

Selskabets formål er design, ingeniørvirksomhed, køb, salg, distribution, import, eksport, produktion, samling, konstruktion, forsyning, vedligeholdelse, reparation, opstart og genopbygning af kedler, tilhørende kedeludstyr og miljøkontrolleringsudstyr, reservedele, komponenter og tilsvarende produkter, samt hermed beslægtet virksomhed. Selskabets formål er herudover koordinering og styring af egne og andre entreprenørers leverancer samt drift og vedligeholdelse af anlæg. Det er endvidere selskabets formål at eje og udleje fast ejendom samt hermed beslægtet virksomhed.

Regnskab

 202420232022
Valuta/enhed000' DKK000' DKK000' DKK
Omsætning
259.936
-44%
464.339
-20%
580.733
+50%
Bruttofortjeneste
22.195
-
-55.008
-
37.661
-54%
Årets resultat
-130.332
-
-142.074
-
-95.117
-
Egenkapital
-391.759
-
-259.286
-
-116.767
-
Balance
206.101
-52%
425.228
-3%
437.158
+5%

Ledelsesberetning sammendrag

Beskrivelse af virksomhedens væsentligste aktiviteter
Business review
Babcock & Wilcox A/ S is a fully owned subsidiary of Babcock & Wilcox Enterprises, Inc. (B&W), a U.S.- based public company listed on the New York Stock Exchange (Ticker: BW). We are a leading international supplier of technologies for renewable energy plants that use various types of waste and biomass as fuel. We design, engineer, manufacture, install and service components of various dimensions and configurations primarily based on our own stoker/ grate firing technology. We also provide operating and maintenances services and aftermarket equipment for renewable energy plants.
Uncertainties about recognition or measurement We refer to descriptions in note 2 in the financial statements.
Going concern The financial position at 31 December 2024 of the Company and the results of the activities of the Company for the financial year for 2024 have resulted in additionel loss of the share capital. The ultimate parent company Babcock & Wilcox Enterprises, Inc. has issued a letter of comfort inter alia stating that it is in the interest of the parent company to ensure that the company meets its financial obligations at all times and that it is the policy of the parent company to provide the company with such support and assistance as may be required to ensure that it maintains capital and liquidity levels to enable it at all times to meet its obligations in conformity with standards of prudence generally accepted for its field of business. This letter of comfort is valid through at minimum December 2026. With reference to Note 1 to the financial statements of Babcock & Wilcox Enterprises, Inc. for 2024: Babcock & Wilcox Enterprises, Inc has a credit agreement that provides for an up to $150.0 million asset-based credit facility with an outstanding balance of $124.4 million at December 31, 2024 that is currently due in November 2025 and, accordingly, is classified as a current liability. In addition, the Company has senior notes with an aggregate principal amount of $193 million at December 31, 2024, for which the maturity date is within twelve months following the issuance of these financial statements. The uncertainty regarding refinancing in Babcock & Wilcox Enterprises, Inc raises substantial doubt about their ability to fullfill the obligations in the letter of comfort and therefor the Company's ability to continue as a going concern. By continuing selling assets in 2025, management in Babcock & Wilcox Enterprises, Inc believes it is taking all prudent actions to address its liquidity concerns, however, these plans have still not been finalized.
Financial review We continue to see strong demand for our renewable technologies. We have handed over well-performing plants to our customers, and these plants function as showcases for future customers. A more detailed project status summary is contained in our parent company's 10-K to be found at lnvestors.babcock.com. The shareholders’ support letter provided in 2017, in which B&W committed to fund our company with the cash required to meet our obligations and allow the business to continue as a going concern, was last year extended through at minimum December 2026 (see note 1).
Beskrivelse af udviklingen i virksomhedens aktiviteter og økonomiske forhold
Development in activities and financial matters
The revenue for the year totals DKK 259.936.000 against DKK 464.339.000 last year. Income or loss from ordinary activities after tax totals DKK -130.332.000 against DKK -142.074.000 last year. Management considers the net profit or loss for the year satisfactory. We have remained focus on serving our customers, making important decisions to better position our businesses for the future, and driving improved financial performance. The year-end results reflected a loss of DKK 107,1 million. In 2024, the company’s cash and cash equivalents decreased by DKK 7.020.038, i.e. from DKK 22.388.149 to DKK 15.368.111. The company divested the following assets in 2024: a) Its manufacturing and office facilities at Falkevej 2 & 8, 7605 Esbjerg Ø, Denmark on 2024.07.15 b) Its subsidy Babcock & Wilcox Vølund AB, Sweden on 2024.10.31 c) Its Operation & Maintenance Contract for Margam BtE plant, United Kingdom on 2024.10.31 The financial impact on the above transactions is tDKK 7.034.
Profit/loss for the year in relation to expected developments
We generally recognize revenues and related costs from long-term contracts on a percentage- of completion basis. Accordingly, we review contract price and cost estimates regularly as work progresses and reflect adjustments in profit proportionate to the percentage of completion in the periods in which we revise estimates to complete the contract. To the extent that these adjustments result in a reduction of previously reported profits from a contract, we recognize a charge against current earnings. If a contract is estimated to result in a loss, such loss is recognized in the current period as a charge to earnings and the full loss is accrued on our balance sheet, which results in no expected gross profit from the loss contract in the future unless there are revisions to our estimated revenues or costs of completion in periods following the accrual of the contract loss. Changes in the estimated results of our percentage-of-completion contracts are necessarily based on information available at the time of the estimates and are based on judgments that are inherently uncertain, as they are predictive in nature. As with all estimates to complete used to measure contract revenue and costs, actual results can and do differ from our estimates made over time.
The financial position on 31 December 2024 of the Company and the results of the activities of the Company for the financial year for 2024 have resulted in loss of the share capital.
Omtale af betydningsfulde hændelser, som er indtruffet efter regnskabsårets afslutning
Events occurring after the end of the financial year
In 2025, the company carried out an asset deal and sold significant intangible assets including technologies and licenses as well as order backlog, etc. to Timberforce A/S. The company's activities then primarily include the completion of two major construction projects. The company has a project that is recognized under work in progress as of December 31, 2024. In 2025, circumstances arose that made the project an onerous contract. The circumstances are assessed as non-correcting. If treated as correcting, the impact would have resulted in a reduction in the profit for the year 2024 of 13,906 thousand DKK.
Beskrivelse af virksomhedens forventede udvikling
Insurance recoveries and sub-contractor claims
We have collected on claims in 2024 and we continue to pursue insurance recoveries and subcontractor claims related to the previous loss-making projects.
Restructuring and growth activities In May 2020, we aligned under The Babcock & Wilcox Company (B&W) in a global company structure for all B&W operations. Under this structure, sales, engineering, project management, procurement, manufacturing, and other project-related support is provided through a globally matrixed structure. The structure helps us better address workload ebbs and flows, while also allowing employees across the global B&W operations to expand their skills and gain greater experience in supporting all of B&W’s product line areas, thus increasing overall manpower flexibility. Throughout 2024, we continued to identify and implement multiple actions to proactively improve our cost structure. Key actions included workforce reductions to align with the new global structure and our activity levels, other selling, general and administrative cost reductions as well as other process improvements. These actions have continued into 2024 and were focused on productivity and efficiency gains to enhance profitability and cash flow going forward.
Outlook Based on the circumstances described in the section “Events occurring after the end of the financial year”, it has not been possible to set expectations for the year 2025.
Generalforsamlingsdato: 09-07-2025

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