Skensved Vandværk A.m.b.a.

Denmark · owned by Independent (consumer-owned cooperative) (Denmark) · www.skensvedvand.dk · 17 vendors

Skensved Vandværk is a Danish consumer-owned cooperative water utility (A.m.b.a.) originally founded on July 15, 1937 as 'Andelsselskabet Lille Skensved Vandværk'. Its purpose is to supply properties in the Lille Skensved area (near Køge, Zealand) with clean and sufficient drinking water at the lowest possible operating cost, in accordance with Danish water supply law. It converted to its current cooperative limited liability structure (A.m.b.a.) on January 1, 2012.

Resilience scores

Technology vendors

Insights

Last updated 2026-03-28

17 direct vendors, 182 subvendors

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Subvendors by controlling owner country (sample)

Migration Readiness: 2/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Score: 2 (Confidence: Medium). Skensved Vandværk is a very small, local water utility with 0 employees. It is highly improbable that such an entity would have a cloud-native, containerized, or microservices architecture. Their operations likely rely on traditional, possibly on-premise systems for core functions like water management, billing, and customer service. The absence of any public information regarding their internal tech stack strongly suggests a basic, potentially legacy infrastructure with limited flexibility and a high likelihood of vendor lock-in with specialized utility software. (Source: Company website, CVR data, general knowledge of small utility IT environments).

Compliance

3 in-scope frameworks identified; showing 3.

NIS2 (source) — Assessment Required

As a drinking water supply company in Denmark (EU), Skensved Vandværk falls under the Essential Entities category of NIS2 Directive. However, NIS2 has size thresholds (50+ employees OR €10M+ annual turnover) and the company appears to be a small local cooperative. Without clear evidence of their size meeting the thresholds, compliance status requires assessment. Non-compliance risks include potential fines up to €10M or 2% of annual turnover, but enforcement may be proportionate to company size.

ISO 27001 (source) — Assessment Required

While not legally required, ISO 27001 certification would be beneficial for a utility company handling customer personal data and critical infrastructure. The risk is medium because lack of formal information security management could expose the company to cyber threats, data breaches, and regulatory scrutiny, especially given their GDPR obligations and potential NIS2 requirements.

GDPR (source) — Compliant

Company is located in Denmark (EU member state) and processes personal data of EU residents for water supply services. They have implemented a comprehensive GDPR privacy policy dated May 2018, appointed a data protection officer (Evald Justesen), and documented their data processing activities, retention periods, and individual rights procedures. The risk is low due to evidence of proactive compliance measures and the regulated nature of water utilities in Denmark.

Evidence: https://www.skensvedvand.dk/Information/Persondataforordning, https://www.skensvedvand.dk/Portals/129/Persondataforordning.pdf?ver=2018-05-30-194405-457

Financials

Three-year financials

Financial Resilience Score: 8/10

Lille Skensved Vandværk A.m.b.a. demonstrates exceptional balance sheet strength for a micro-utility, with an equity ratio of approximately 92.8% and effectively zero long-term debt. Total equity of DKK 20.5m dwarfs total liabilities of DKK 1.6m, and the debt-to-equity ratio of just 0.08x confirms the cooperative is almost entirely self-financed through accumulated retained surpluses. This capital structure provides a substantial buffer against financial stress and means the entity has no interest rate or refinancing risk from external borrowing. The non-profit A.m.b.a. structure ensures all surpluses are retained within the entity rather than distributed, further reinforcing the equity base year on year. Operating performance is consistently strong, with EBIT margins of 30.7% in FY 2023 and 34.0% in FY 2024, which are high for a utility of any size. Revenue grew 13.6% year-on-year and exceeded the board's own budget by approximately 25% in 2024, indicating conservative financial planning and a healthy margin of safety. The cooperative benefits from a monopoly service area, a regulated tariff framework under Danish water sector legislation, and published tariff sheets through 2026, all of which provide strong revenue predictability and protection from competitive disruption. Active capital reinvestment — with the pipeline network book value growing by DKK 1.5m in a single year — signals commitment to long-term infrastructure integrity. The primary financial vulnerabilities relate to scale and operational concentration. With annual revenue of only approximately DKK 3.4m, the cooperative has limited capacity to absorb large unexpected capital expenditures such as major pipeline failures or contamination remediation. Cash declined 23.9% in 2024 to DKK 963,791, and trade payables surged 582% to DKK 1.27m, likely reflecting year-end capital works invoices. Distribution costs jumped 67% in 2024, potentially linked to a documented pump failure, raising questions about recurring maintenance cost inflation. The paid workforce of approximately one to two persons creates significant key-person dependency risk. Longer-term structural risks include climate and groundwater vulnerability, increasing regulatory compliance costs (PFAS monitoring, climate adaptation), and the absence of a demonstrated track record of accessing external financing for large-scale infrastructure renewal. These risks are partially mitigated by the strong equity cushion, the regulated operating environment, and the cooperative's non-profit mandate which aligns governance incentives with long-term service sustainability rather than short-term profit extraction.

Key strengths: Equity ratio of ~92.8% — essentially debt-free balance sheet, Monopoly service area with no competitive threat to customer base, Regulated tariff framework under Danish Vandsektorloven providing revenue predictability, EBIT margins of 30–34% across disclosed years, Non-profit A.m.b.a. structure ensures all surpluses are retained and reinvested, Active pipeline network investment (DKK +1.5m in ledningsnet in FY 2024), Revenue exceeded board-approved budget by ~25% in FY 2024, Published tariff sheets through 2026 providing forward revenue visibility, Audited accounts prepared by registered state-authorised auditor (Addere Revision)

Risk factors: Very small scale (~DKK 3.4m revenue) limits capacity to absorb large unexpected capex, Cash declined 23.9% in FY 2024 to DKK 963,791 due to capital spending, Trade payables surged 582% in FY 2024 (DKK 187k to DKK 1,274k) — warrants monitoring, Distribution costs rose 67% in FY 2024, potentially linked to documented pump failure on Ejbyvej/Assendrup, Paid workforce of approximately 1–2 persons creates key-person dependency risk, No demonstrated track record of accessing external financing for large infrastructure projects, Climate and groundwater risk — dependency on local groundwater abstraction, Increasing regulatory compliance costs (PFAS, climate adaptation) disproportionately burdensome for small operators, Volunteer board governance introduces succession and continuity risk

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