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.

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Key figures · financial year 2025

RevenueDKK 431.6m+44.4% vs. 2024
Net profit−DKK 42.2m+19.7% vs. 2024
EquityDKK 6.6m−86% vs. 2024
Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 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 thousand

Equity and net profit

−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
EquityNet profit
Financial figures for Baldo Acquisition ApS
202020212022202320242025Change
Revenue440,889455,064350,660318,383298,862431,639+44.4%
Gross profit74,97169,17819,37528,32326,89039,044+45.2%
Operating profit (EBIT)10,869−1,579−43,805−35,953−51,707−36,803+28.8%
Profit before tax67−9,451−54,580−45,454−60,435−46,410+23.2%
Net profit−5,000−12,350−48,030−42,524−52,507−42,173+19.7%
Total assets366,468330,203282,750243,121236,367257,659+9%
Equity120,269105,70264,22454,26847,2196,588−86%
Liabilities228,497206,517206,015175,973173,684237,382+36.7%
Cash and cash equivalents4,7111,55879314,5476,61710,530+59.1%
Average number of employees102161162142162185+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

DKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
Gross profitMedian, the industry (2,370 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Loss 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
Annual reports for Baldo Acquisition ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/06/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The groupPDFXBRL
202301/01/2023 – 31/12/202328/06/2024The groupPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The groupPDFXBRL
202101/01/2021 – 31/12/202104/02/2022The groupPDFXBRL
202001/01/2020 – 31/12/202005/02/2021The groupPDFXBRL

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 CVR
0123408/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

2,370 companies in the database

Comparison with the other companies in business and other management consultancy activities based on the latest financial year.

Gross profitDKK 39mNo. 101 of 2,358
Better than 96% of the companies in the industry
EquityDKK 6.6mNo. 493 of 2,369
Better than 79% of the companies in the industry
Number of employees4No. 32 of 2,370
Better than 99% of the companies in the industry

Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 employees.

DKK 100kDKK 1.6mDKK 26.5mDKK 431.1mDKK 2.8bnHere
Distribution of gross profit for 2,031 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
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
Gross profit
  1. Baldo Acquisition ApSDKK 39m
  2. COWI Holding A/SDKK 7bn
  3. Accenture A/SDKK 1.1bn
Net profit
  1. Baldo Acquisition ApS−DKK 42.2m
  2. COWI Holding A/SDKK 374m
  3. Accenture A/SDKK 116.1m
Equity
  1. Baldo Acquisition ApSDKK 6.6m
  2. COWI Holding A/SDKK 2bn
  3. Accenture A/SDKK 642m
Employees
  1. Baldo Acquisition ApS4
  2. COWI Holding A/S12
  3. 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
Owners
Baldo Acquisition ApS
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Baldo Acquisition ApS
NameRoleAppointed
Henning Aabo JørgensenDirector06/06/2017
Hans Henrik NielsenCEO01/09/2019

Board of directors

Board of directors at Baldo Acquisition ApS
NameRoleAppointed
Nicolai Bloch TobiesenBoard member30/06/2023
Joachim Horst ScholzBoard member10/07/2026
Founders
Christian Bredtoft Guldmann
Former management (6)
Former management at Baldo Acquisition ApS
NameRoleAppointedResigned
Stefan Andreas Walter HappakDirector15/05/201706/06/2017
Joachim Horst ScholzBoard member15/05/201706/06/2017
Wolfgang ZieglerBoard member15/05/201710/07/2026
Lise JørgensenDirector06/06/201731/01/2021
Peter SchulzBoard member06/06/201730/06/2023
Jesper LangbergCEO01/06/201830/04/2019

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Levysgade 14
8700 Horsens

Horsens Municipality · Postcode 8700

Other companies at the address (1)

  • Badelement A/SWholesale of wood, construction materials and sanitary equipment
Production units
Production unitAddressEmployeesP number
Baldo Acquisition ApSLevysgade 14, st, 8700 Horsens41022442380

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 events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Business and other management consultancy activities (702000)
20248 changescapital 3 · accounts 1 · ownership 4
  • Share capital changed from 102,097 DKK to 262,767 DKK
  • Annual report for 2023 published
  • Share capital changed from 100,097 DKK to 102,097 DKK
  • Share capital changed from 99,097 DKK to 100,097 DKK
  • HØJMARKSVEJ HOLDING ApS registered as owner (15%)
  • Baldo Zehn Holding GmbH, München registered as owner (66.67%)
  • HØJMARKSVEJ HOLDING ApS is no longer registered as owner
  • Baldo Zehn Holding GmbH, München is no longer registered as owner
20232 changescapital 1 · accounts 1
  • Share capital changed from 63,270 DKK to 99,097 DKK
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaccounts 1 · management 1
  • Annual report for 2020 published
  • Lise Jørgensen stepped down as director
20192 changesmanagement 2
  • Hans Henrik Nielsen appointed ceo
  • Jesper Langberg stepped down as ceo
20182 changescapital 1 · management 1
  • Share capital changed from 62,520 DKK to 63,270 DKK
  • Jesper Langberg appointed ceo
201711 changesaddress 1 · management 4 · capital 1 · ownership 4 · founded 1
  • Moved to Levysgade 14, st, 8700 Horsens
  • Lise Jørgensen appointed director
  • Henning Aabo Jørgensen appointed director
  • Stefan Andreas Walter Happak stepped down as director
  • Share capital changed from 50,000 DKK to 62,520 DKK
  • HØJMARKSVEJ HOLDING ApS registered as owner (15%)
  • Baldo Zehn Holding GmbH, München registered as owner (66.67%)
  • Baldo Zehn Holding GmbH, München is no longer registered as owner
  • Registered as Baldo Acquisition ApS
  • Stefan Andreas Walter Happak appointed director
  • Baldo Zehn Holding GmbH, München registered as owner (100%)

Related companies

Same industry in Horsens

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Same people in management

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.

View in CVRReport a correction