Baffin Seafood ApS
Private limited companyCVR 43917994Aalborg ØstActive
Baffin Seafood ApS is a private limited company, based in Aalborg Øst, active in wholesale of fish and fish products, founded in 2023. Net profit rose 16% from 2025 to 2026, ending at DKK 15.5m. Profit has grown three years in a row. Equity grew to DKK 40.6m in 2026.
Key figures · financial year 2026
What has changed
calculated from recorded figures and datesFinancials: 2026 against 2025
- Gross profit rose 7% (2025 → 2026), to DKK 23m.
- Net profit rose 16% (2025 → 2026), to DKK 15.5m.
- Equity rose 62% (2025 → 2026), to DKK 40.6m.
Management and owners, last 24 months
- Stepped down: Rick Lambe (director, 08/04/2025).
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2024–2026 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | 2026 | Change | |
|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | – |
| Gross profit | 16,327 | 21,504 | 23,019 | +7% |
| Operating profit (EBIT) | 13,472 | 18,193 | 20,151 | +10.8% |
| Profit before tax | 14,973 | 17,215 | 20,171 | +17.2% |
| Net profit | 11,677 | 13,372 | 15,515 | +16% |
| Total assets | 75,187 | 64,813 | 133,346 | +105.7% |
| Equity | 11,717 | 25,088 | 40,603 | +61.8% |
| Liabilities | 63,470 | 39,725 | 91,479 | +130.3% |
| Cash and cash equivalents | 12,719 | 2,056 | 6,716 | +226.6% |
| Average number of employees | 2 | 2 | 3 | +50% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2024, 2025, 2026: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Annual reports
3 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2026 | 01/04/2025 – 31/03/2026 | 22/07/2026 | The company | PDF not statedXBRL |
| 2025 | 01/04/2024 – 31/03/2025 | 09/07/2025 | The company | PDF not statedXBRL |
| 2024 | 01/03/2023 – 31/03/2024 | 20/09/2024 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
116 companies in the databaseComparison with the other companies in wholesale of fish and fish products based on the latest financial year.
Industry median: gross profit DKK 6.3m, net profit DKK 840k, equity DKK 6.5m, 7 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 1,231of 69,742 Better than 98% | No. 3,594of 69,964 Better than 95% |
| Same industry and fewer than 20 employees85 companies in the comparison | No. 4of 85 Better than 96% | No. 8of 85 Better than 92% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 363of 16,614 Better than 98% | No. 372of 16,661 Better than 98% |
| All companies of type ApS66,508 companies in the comparison | No. 2,042of 66,379 Better than 97% | No. 2,488of 66,505 Better than 96% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Wholesale of fish and fish products- Baffin Seafood ApSDKK 23m
- A. Espersen A/SDKK 365.1m
- Polar Seafood Denmark A/SDKK 360.6m
- Baffin Seafood ApSDKK 15.5m
- A. Espersen A/S−DKK 256.6m
- Polar Seafood Denmark A/SDKK 172.5m
- Baffin Seafood ApSDKK 40.6m
- A. Espersen A/SDKK 241.2m
- Polar Seafood Denmark A/SDKK 1.1bn
- Baffin Seafood ApS3
- A. Espersen A/S109
- Polar Seafood Denmark A/S179
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Niqitaq Fisheries Ltd.90%
- NewThy ApS10%
Management
3 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jan Søgaard Frøslev | Director | 01/03/2023 |
| Glen Llewelyn Douglas Grandy | Director | 01/03/2023 |
| Christopher John Flanagan | Director | 01/03/2023 |
- Founders
- Niqitaq Fisheries Ltd.
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Rick Lambe | Director | 01/03/2023 | 08/04/2025 |
Signing rule: Selskabet tegnes af 2 direktører i forening.
Address and production units
2 active production unitsNiels Jernes Vej 12
9220 Aalborg Øst
Aalborg Municipality · Postcode 9220
Other companies at the address (2)
- Ssi Schäfer A/SWholesale of other machinery and equipment
- EWII Midas Energy A/SOther information technology and computer service activities
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Baffin Seafood ApS | Niels Jernes Vej 12, 9220 Aalborg Øst | 3 | 1029125224 |
| Baffin Seafood ApS | Alfred Nobels Vej 21A, 1, 9220 Aalborg Øst | – | 1031581318 |
Purpose
Selskabets formål er engroshandel med fisk og fiskevarer og andet efter direktionens skøn beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
16 registered events20261 changeaccounts 1
- AccountsAnnual report for 2026 published
20252 changesaccounts 1 · management 1
- AccountsAnnual report for 2025 published
- ManagementRick Lambe stepped down as director
20242 changesaccounts 1 · ownership 1
- AccountsAnnual report for 2024 published
- OwnershipNewThy ApS registered as owner (10%)
202311 changesaddress 3 · ownership 3 · founded 1 · management 4
- AddressMoved to Niels Jernes Vej 12, 9220 Aalborg Øst
- AddressMoved to Kovshøjsvej 1, 9000 Aalborg
- AddressMoved to Indkildevej 6E, 9210 Aalborg SØ
- OwnershipNiqitaq Fisheries Ltd. registered as owner (90%)
- OwnershipNiqitaq Fisheries Ltd. is no longer registered as owner
- FoundedRegistered as Baffin Seafood ApS
- ManagementRick Lambe appointed director
- ManagementJan Søgaard Frøslev appointed director
- ManagementGlen Llewelyn Douglas Grandy appointed director
- ManagementChristopher John Flanagan appointed director
- OwnershipNiqitaq Fisheries Ltd. registered as owner (100%)
Related companies
Same industry in Aalborg
- Polar Seafood Denmark A/S179 employees
- Royal Greenland Seafood A/S26 employees
- Coldwater United Seafood ApS8 employees
- Seafood Sales ApS8 employees
- Bako ApS5 employees
- DP Holding Denmark A/S3 employees
Largest in the industry
- A. Espersen A/SDKK 365.1m
- Polar Seafood Denmark A/SDKK 360.6m
- Nordic Seafood A/SDKK 283.6m
- Sirena Group A/SDKK 148.6m
- Lerøy Seafood Hirtshals A/SDKK 87.8m
- Bjerrefisk A/SDKK 81.2m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.