Danish insect ag co ENORM has been declared bankrupt after spending six months in a court-supervised restructuring process.
ENORM, which raised €50 million ($57 million) from backers including Danish ag co-op DLG in 2022, opened a factory in Jutland in 2023 to supply the animal feed market with protein and oil from black soldier fly larvae (BSFL).
Designed to produce around 11,000 tons of protein meal annually, the site was set to be one of Europe’s largest insect ag facilities. Innovafeed has a 15,000-ton site in France, while Protix has a 14,000-ton site in the Netherlands.
COO Jane Lind Sam told reporters earlier this year that ENORM had “experienced strong interest and premium pricing potential until late 2024.” However, momentum had since “waned significantly,” pushing the firm into a court-ordered reconstruction process in late April 2025. At the time, Lind Sam said the company would use the reconstruction period to explore new business models, markets, and investors.
According to a notice posted on November 1, however, ENORM was formally issued with a bankruptcy decree on October 30, with a court appointing attorney Henrik Selchau Poulsen as trustee.
Parties with claims against ENORM are required to submit them to Poulsen by the end of the month.
In a post on LinkedIn, Toke Munk Schou, head of biological R&D at the firm, confirmed the news: “A fantastic company with great vision and a workplace with lots of good and talented colleagues is closed. It’s sad, but the reality. Together we managed to build an insect factory not seen anywhere in the world. Unfortunately, sales were not as expected.
“Even though the company ENORM is closed, I am sure that all the work we have done has not been in vain. Equipment and management will most likely be integrated into the industry. Our acquired knowledge will be able to be used in other contexts in the future.”
Mixed picture for insect ag
The news comes weeks after South African BSFL startup Inseco ceased operations and French mealworm farmer Ÿnsect sought more time under court supervision to restructure operations and secure additional funding.
In May, receivers were called in to Canada-based cricket farmer Aspire Food Group by lender Farm Credit Canada when it became clear the firm could not meet its financial obligations. The Ontario Superior Court of Justice later approved a deal to sell the assets to Halali Group Holdings.
Despite the insect ag sector’s well-publicized struggles, however, new players are still attracting funding, with nextProtein securing €18 million ($21 million) this week to scale production in Tunisia and Volare bagging €26 million ($30 million) earlier this year to scale production in Finland.
Meanwhile, French insect ag firm Innovafeed says plans to build a commercial scale BSFL facility at an ADM corn milling site in the US “remain very much alive.”
AgFunderNews has contacted ENORM COO Jane Lind Sam for further comment.
Further reading:
South African insect ag co Inseco calls it quits amid power cuts, pivots: ‘We ran out of time’
Exclusive: Aspire Food Group’s Ontario cricket farm sold to new owner as firm collapses under debt
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