Agricultural machinery, sugar beet seeds, medicinal cannabis, energy technology and luxury hospitality on a private island. The companies posting the largest losses in Lolland, Guldborgsund and Vordingborg Municipality span a wide range of sectors and illustrate how very different business models can end up under pressure.
A review of accounts filed in 2025 shows that some of the region’s largest losses are concentrated in established industrial businesses with deep roots in the area. Others are found in more specialised companies, where investment cycles, product development, export exposure or heavy fixed costs have had a clear impact on earnings.
Hardi International A/S: Loss of DKK 57.2 million
Hardi International in Nørre Alslev is one of the best-known industrial companies in Lolland-Falster and has been a major name in agricultural machinery for decades. The company manufactures crop spraying technology for the farming sector and sells its solutions well beyond Denmark. Hardi remains a classic export-oriented manufacturer with deep local roots and a strong position at the intersection of agriculture and mechanical engineering.
DLF Beet Seed ApS: Loss of DKK 36.3 million
DLF Beet Seed in Holeby is part of the DLF seed group and focuses on sugar beet seeds for international markets. The company operates in a segment where research, breeding and agricultural production are closely intertwined, and where business development often plays out over long time horizons. Based in Lolland, DLF Beet Seed is also closely tied to a region where sugar beet cultivation and seed production continue to play an important role in the local economy.
Vejrø ApS: Loss of DKK 22.8 million
Susanne Vang Søgaard is the new director at Vejrø Resort. Photo: Vejrø Resort
Vejrø ApS is the company behind the private island of Vejrø north of Lolland, where luxury accommodation, gastronomy, farming and green technology are combined in one business. The island is owned by Saxo Bank founder Kim Fournais, who has backed the project for years through substantial investment and capital injections. The 2024 accounts showed another sizeable loss, bringing accumulated losses since 2020 to close to DKK 100 million.
Sofiehøj Landbrug ApS: Loss of DKK 22.6 million
Sofiehøj Landbrug near Nysted is an agricultural company located on Ålholm Parkvej and forms part of the wider Ålholm estate structure alongside Guldborg Skovdistrikt. Its business is centred on owning and operating agricultural land, placing it squarely in the part of the economy where land, crops and land management are the core assets. Sofiehøj Landbrug is a larger, capital-intensive farming business, and changes in the agricultural sector feed directly through to its financial performance.
Valeos Pharma in Holeby operates in medicinal cannabis and is one of the more unusual companies on the list. Founded in 2018, the company produces cannabis flower for therapeutic use from its site on Østervej in Holeby. It operates at the intersection of production, healthcare and pharmaceuticals, in a business area defined by high documentation requirements and tight regulation.
Floating Power Plant A/S: Loss of DKK 12.2 million
Illustration: Floating Power PlantFloating Power Plant
Floating Power Plant in Nakskov develops energy technology designed to combine wind and wave power on floating platforms. The business is shaped by development, testing and long-term technology maturation rather than conventional operations. It has a green, innovation-led profile and places Nakskov within a growing segment focused on next-generation energy technology and long-term industrial potential.
TKH Airport Solutions A/S: Loss of DKK 10.3 million
TKH Airport Solutions in Vordingborg develops lighting systems and equipment for airports and operates in a highly specialised industrial niche. The company serves an international market where operational reliability, technical standards and regulatory approvals are critical. It is a business with global reach and highly specialised products, despite its local base in Vordingborg.
FR Entreprise ApS: Loss of DKK 10.0 million
FR Entreprise in Nykøbing has its roots in the flooring business and previously operated under the name FR Gulvbelægning. The company works with flooring and wall coverings and is owned by Flemming Ravn Holding. In 2024/25, it moved from a small profit to a loss of DKK 10.0 million. The accounts also show that the parent company had to inject DKK 6.0 million to cover the loss for the year.
Ørslev Gruppe- og Specialrejser A/S: Loss of DKK 9.8 million
Ørslev Gruppe- og Specialrejser in Vordingborg is a travel company specialising in group travel and tailor-made tours. It operates in a sector where performance is quickly influenced by customer demand, pricing and conditions in international travel markets. The company represents a different type of business from most of the others on the list, with its results tied more closely to tourism and travel activity than to manufacturing or industry.
Alfa Laval Nakskov A/S: Loss of DKK 9.3 million
Jesper Jarngren took over the director position in Nakskov.
Alfa Laval Nakskov is part of the Swedish industrial group Alfa Laval and remains one of the best-known industrial names in Nakskov. The company is closely linked to the segment that supplies technology and equipment for industries including sugar production and process manufacturing. It is rooted in an industrial tradition that still plays a significant role in Nakskov’s business identity, combining local importance with international reach.
This is how we did it
The list is based on the most recently submitted accounts in the calendar year 2025. In most cases, these are accounts for 2024, but some companies may have a different financial year.
We have focused on companies with addresses in the municipalities of Lolland, Guldborgsund, and Vordingborg and sorted by the year's result after tax, from the largest deficit upwards.
Public companies, utility companies, large construction and project companies, as well as passive holding companies, have been excluded.
Agricultural machinery, sugar beet seeds, medicinal cannabis, energy technology and luxury hospitality on a private island. The companies posting the largest losses in Lolland, Guldborgsund and Vordingborg Municipality span a wide range of sectors and illustrate how very different business models can end up under pressure.
A review of accounts filed in 2025 shows that some of the region’s largest losses are concentrated in established industrial businesses with deep roots in the area. Others are found in more specialised companies, where investment cycles, product development, export exposure or heavy fixed costs have had a clear impact on earnings.
Hardi International A/S: Loss of DKK 57.2 million
Hardi International in Nørre Alslev is one of the best-known industrial companies in Lolland-Falster and has been a major name in agricultural machinery for decades. The company manufactures crop spraying technology for the farming sector and sells its solutions well beyond Denmark. Hardi remains a classic export-oriented manufacturer with deep local roots and a strong position at the intersection of agriculture and mechanical engineering.
DLF Beet Seed ApS: Loss of DKK 36.3 million
DLF Beet Seed in Holeby is part of the DLF seed group and focuses on sugar beet seeds for international markets. The company operates in a segment where research, breeding and agricultural production are closely intertwined, and where business development often plays out over long time horizons. Based in Lolland, DLF Beet Seed is also closely tied to a region where sugar beet cultivation and seed production continue to play an important role in the local economy.
Vejrø ApS: Loss of DKK 22.8 million
Susanne Vang Søgaard is the new director at Vejrø Resort. Photo: Vejrø Resort
Vejrø ApS is the company behind the private island of Vejrø north of Lolland, where luxury accommodation, gastronomy, farming and green technology are combined in one business. The island is owned by Saxo Bank founder Kim Fournais, who has backed the project for years through substantial investment and capital injections. The 2024 accounts showed another sizeable loss, bringing accumulated losses since 2020 to close to DKK 100 million.
Sofiehøj Landbrug ApS: Loss of DKK 22.6 million
Sofiehøj Landbrug near Nysted is an agricultural company located on Ålholm Parkvej and forms part of the wider Ålholm estate structure alongside Guldborg Skovdistrikt. Its business is centred on owning and operating agricultural land, placing it squarely in the part of the economy where land, crops and land management are the core assets. Sofiehøj Landbrug is a larger, capital-intensive farming business, and changes in the agricultural sector feed directly through to its financial performance.
Valeos Pharma in Holeby operates in medicinal cannabis and is one of the more unusual companies on the list. Founded in 2018, the company produces cannabis flower for therapeutic use from its site on Østervej in Holeby. It operates at the intersection of production, healthcare and pharmaceuticals, in a business area defined by high documentation requirements and tight regulation.
Floating Power Plant A/S: Loss of DKK 12.2 million
Illustration: Floating Power PlantFloating Power Plant
Floating Power Plant in Nakskov develops energy technology designed to combine wind and wave power on floating platforms. The business is shaped by development, testing and long-term technology maturation rather than conventional operations. It has a green, innovation-led profile and places Nakskov within a growing segment focused on next-generation energy technology and long-term industrial potential.
TKH Airport Solutions A/S: Loss of DKK 10.3 million
TKH Airport Solutions in Vordingborg develops lighting systems and equipment for airports and operates in a highly specialised industrial niche. The company serves an international market where operational reliability, technical standards and regulatory approvals are critical. It is a business with global reach and highly specialised products, despite its local base in Vordingborg.
FR Entreprise ApS: Loss of DKK 10.0 million
FR Entreprise in Nykøbing has its roots in the flooring business and previously operated under the name FR Gulvbelægning. The company works with flooring and wall coverings and is owned by Flemming Ravn Holding. In 2024/25, it moved from a small profit to a loss of DKK 10.0 million. The accounts also show that the parent company had to inject DKK 6.0 million to cover the loss for the year.
Ørslev Gruppe- og Specialrejser A/S: Loss of DKK 9.8 million
Ørslev Gruppe- og Specialrejser in Vordingborg is a travel company specialising in group travel and tailor-made tours. It operates in a sector where performance is quickly influenced by customer demand, pricing and conditions in international travel markets. The company represents a different type of business from most of the others on the list, with its results tied more closely to tourism and travel activity than to manufacturing or industry.
Alfa Laval Nakskov A/S: Loss of DKK 9.3 million
Jesper Jarngren took over the director position in Nakskov.
Alfa Laval Nakskov is part of the Swedish industrial group Alfa Laval and remains one of the best-known industrial names in Nakskov. The company is closely linked to the segment that supplies technology and equipment for industries including sugar production and process manufacturing. It is rooted in an industrial tradition that still plays a significant role in Nakskov’s business identity, combining local importance with international reach.
This is how we did it
The list is based on the most recently submitted accounts in the calendar year 2025. In most cases, these are accounts for 2024, but some companies may have a different financial year.
We have focused on companies with addresses in the municipalities of Lolland, Guldborgsund, and Vordingborg and sorted by the year's result after tax, from the largest deficit upwards.
Public companies, utility companies, large construction and project companies, as well as passive holding companies, have been excluded.
