Baldo Acquisition ApS
Private limited companyCVR 38640569HorsensActive
Baldo Acquisition ApS is a private limited company, based in Horsens, active in business and other management consultancy activities, founded in 2017. The company made a loss in both 2024 and 2025, most recently DKK 42.2m. Equity fell to DKK 6.6m in 2025. Gross profit is higher than that of 96% of the companies in the industry in the database.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 45% (2024 → 2025), to DKK 39m.
- Revenue rose 44% (2024 → 2025), to DKK 431.6m.
- The loss got smaller: from DKK 52.5m to DKK 42.2m (2024 → 2025).
- Equity fell 86% (2024 → 2025), to DKK 6.6m.
Management and owners, last 24 months
- New in management: Joachim Horst Scholz (board member, 10/07/2026).
- Stepped down: Wolfgang Ziegler (board member, 10/07/2026).
Registrations, last 24 months
- 01/01/2025: Industry changed to Business and other management consultancy activities (702000)
- 16/12/2024: Share capital changed from 102,097 DKK to 262,767 DKK
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 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 440,889 | 455,064 | 350,660 | 318,383 | 298,862 | 431,639 | +44.4% |
| Gross profit | 74,971 | 69,178 | 19,375 | 28,323 | 26,890 | 39,044 | +45.2% |
| Operating profit (EBIT) | 10,869 | −1,579 | −43,805 | −35,953 | −51,707 | −36,803 | +28.8% |
| Profit before tax | 67 | −9,451 | −54,580 | −45,454 | −60,435 | −46,410 | +23.2% |
| Net profit | −5,000 | −12,350 | −48,030 | −42,524 | −52,507 | −42,173 | +19.7% |
| Total assets | 366,468 | 330,203 | 282,750 | 243,121 | 236,367 | 257,659 | +9% |
| Equity | 120,269 | 105,702 | 64,224 | 54,268 | 47,219 | 6,588 | −86% |
| Liabilities | 228,497 | 206,517 | 206,015 | 175,973 | 173,684 | 237,382 | +36.7% |
| Cash and cash equivalents | 4,711 | 1,558 | 793 | 14,547 | 6,617 | 10,530 | +59.1% |
| Average number of employees | 102 | 161 | 162 | 142 | 162 | 185 | +14.2% |
Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresLoss for 6 years in a row
Net result has been negative in 2020–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 86% from 2024 to 2025 (DKK 47.2m to DKK 6.6m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
Low equity ratio
Equity makes up 3% of total assets in 2025.
How is this calculated?
Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 29/06/2026 | The group | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The group | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 28/06/2024 | The group | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 30/06/2023 | The group | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 04/02/2022 | The group | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 05/02/2021 | The group | 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
2,370 companies in the databaseComparison with the other companies in business and other management consultancy activities based on the latest financial year.
Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 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. 663of 69,742 Better than 99% | No. 11,902of 69,964 Better than 83% |
| Same industry and fewer than 20 employees2,220 companies in the comparison | No. 48of 2,210 Better than 98% | No. 418of 2,219 Better than 81% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 934of 33,588 Better than 97% | No. 5,029of 33,687 Better than 85% |
| All companies of type ApS66,508 companies in the comparison | No. 1,014of 66,379 Better than 98% | No. 9,261of 66,505 Better than 86% |
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
Business and other management consultancy activities- Baldo Acquisition ApSDKK 39m
- COWI Holding A/SDKK 7bn
- Accenture A/SDKK 1.1bn
- Baldo Acquisition ApS−DKK 42.2m
- COWI Holding A/SDKK 374m
- Accenture A/SDKK 116.1m
- Baldo Acquisition ApSDKK 6.6m
- COWI Holding A/SDKK 2bn
- Accenture A/SDKK 642m
- Baldo Acquisition ApS4
- COWI Holding A/S12
- Accenture A/S977
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Højmarksvej Holding ApS15%
- Baldo Zehn Holding GmbH, München66.67%
Subsidiaries are shown only if they are in the database.
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Henning Aabo Jørgensen | Director | 06/06/2017 |
| Hans Henrik Nielsen | CEO | 01/09/2019 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Nicolai Bloch Tobiesen | Board member | 30/06/2023 |
| Joachim Horst Scholz | Board member | 10/07/2026 |
- Founders
- Christian Bredtoft Guldmann
Former management (6)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Stefan Andreas Walter Happak | Director | 15/05/2017 | 06/06/2017 |
| Joachim Horst Scholz | Board member | 15/05/2017 | 06/06/2017 |
| Wolfgang Ziegler | Board member | 15/05/2017 | 10/07/2026 |
| Lise Jørgensen | Director | 06/06/2017 | 31/01/2021 |
| Peter Schulz | Board member | 06/06/2017 | 30/06/2023 |
| Jesper Langberg | CEO | 01/06/2018 | 30/04/2019 |
Signing rule: Selskabet tegnes af én direktør.
Address and production units
1 active production unitsLevysgade 14
8700 Horsens
Horsens Municipality · Postcode 8700
Other companies at the address (1)
- Badelement A/SWholesale of wood, construction materials and sanitary equipment
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Baldo Acquisition ApS | Levysgade 14, st, 8700 Horsens | 4 | 1022442380 |
Purpose
Selskabets formål er at fungere som holdingselskab for selskaber, der driver virksomhed indenfor byggebranchen og hermed associeret virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
31 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Business and other management consultancy activities (702000)
20248 changescapital 3 · accounts 1 · ownership 4
- CapitalShare capital changed from 102,097 DKK to 262,767 DKK
- AccountsAnnual report for 2023 published
- CapitalShare capital changed from 100,097 DKK to 102,097 DKK
- CapitalShare capital changed from 99,097 DKK to 100,097 DKK
- OwnershipHØJMARKSVEJ HOLDING ApS registered as owner (15%)
- OwnershipBaldo Zehn Holding GmbH, München registered as owner (66.67%)
- OwnershipHØJMARKSVEJ HOLDING ApS is no longer registered as owner
- OwnershipBaldo Zehn Holding GmbH, München is no longer registered as owner
20232 changescapital 1 · accounts 1
- CapitalShare capital changed from 63,270 DKK to 99,097 DKK
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20212 changesaccounts 1 · management 1
- AccountsAnnual report for 2020 published
- ManagementLise Jørgensen stepped down as director
20192 changesmanagement 2
- ManagementHans Henrik Nielsen appointed ceo
- ManagementJesper Langberg stepped down as ceo
20182 changescapital 1 · management 1
- CapitalShare capital changed from 62,520 DKK to 63,270 DKK
- ManagementJesper Langberg appointed ceo
201711 changesaddress 1 · management 4 · capital 1 · ownership 4 · founded 1
- AddressMoved to Levysgade 14, st, 8700 Horsens
- ManagementLise Jørgensen appointed director
- ManagementHenning Aabo Jørgensen appointed director
- ManagementStefan Andreas Walter Happak stepped down as director
- CapitalShare capital changed from 50,000 DKK to 62,520 DKK
- OwnershipHØJMARKSVEJ HOLDING ApS registered as owner (15%)
- OwnershipBaldo Zehn Holding GmbH, München registered as owner (66.67%)
- OwnershipBaldo Zehn Holding GmbH, München is no longer registered as owner
- FoundedRegistered as Baldo Acquisition ApS
- ManagementStefan Andreas Walter Happak appointed director
- OwnershipBaldo Zehn Holding GmbH, München registered as owner (100%)
Related companies
Same industry in Horsens
- Jobinplace A/S42 employees
- GapSolutions A/S34 employees
- adcobo ApS17 employees
- Sustainx ApS16 employees
- COMPA Mobility ApS16 employees
- Insero A/S12 employees
Same people in management
- TBS Maskinpower ApSvia Christian Bredtoft Guldmann
- Vilhelm Lauritzen Arkitekter A/Svia Nicolai Bloch Tobiesen
- Obsidian Digital A/Svia Nicolai Bloch Tobiesen
- Moalem Weitemeyer Advokatpartnerselskabvia Christian Bredtoft Guldmann
- Agrometer A/Svia Hans Henrik Nielsen
- Badelement A/Svia Hans Henrik Nielsen
Largest in the industry
- COWI Holding A/SDKK 7bn
- Accenture A/SDKK 1.1bn
- Gts Nordic ApSDKK 968.5m
- CODAN Companies ApSDKK 877.7m
- Ferrosan Medical Devices Group A/SDKK 799.1m
- Stibo Complete Group A/SDKK 613.9m
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.