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Bay Shipping A/S

Public limited companyCVR 11822606Aarhus CActive

Bay Shipping A/S is a public limited company, based in Aarhus C, active in brokerage activities in freight transport, founded in 1987. Net profit rose 5% from 2024 to 2025, ending at DKK 3.6m.

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Key figures · financial year 2025

Gross profitDKK 6.6m+17.6% vs. 2024
Net profitDKK 3.6m+5.3% vs. 2024
EquityDKK 4.2m+6.6% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 18% (2024 → 2025), to DKK 6.6m.
  • Net profit rose 5% (2024 → 2025), to DKK 3.6m.
  • Equity rose 7% (2024 → 2025), to DKK 4.2m.

Registrations, last 24 months

  • 01/01/2025: Industry changed to Brokerage activities in freight transport (523100)

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 0DKK 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
EquityNet profit
Financial figures for Bay Shipping A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit4,7073,5316,00111,8755,6076,597+17.6%
Operating profit (EBIT)1,6281,4344,04610,3723,7274,585+23%
Profit before tax2,0481,9816,08810,4603,9034,576+17.2%
Net profit1,6151,6265,1538,1473,3813,560+5.3%
Total assets5,9625,9989,70513,34110,5585,751−45.5%
Equity2,6193,2446,8978,6473,9284,188+6.6%
Liabilities3,3432,7542,8084,6946,6301,563−76.4%
Cash and cash equivalents4,5482,6535,3868,1884,8252,939−39.1%
Average number of employees4442220%

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 2020, 2021, 2022, 2023, 2024, 2025: 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

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m202020212022202320242025
Gross profitMedian, the industry (51 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five latest annual reports in a row.

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 Bay Shipping A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202424/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202318/04/2024The companyPDFXBRL
202201/05/2021 – 30/04/202211/04/2023The companyPDFXBRL
202101/05/2020 – 30/04/202111/10/2021The companyPDFXBRL
202001/05/2019 – 30/04/202013/10/2020The companyPDFXBRL

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
0112209/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

51 companies in the database

Comparison with the other companies in brokerage activities in freight transport based on the latest financial year.

Gross profitDKK 6.6mNo. 17 of 49
Better than 67% of the companies in the industry
EquityDKK 4.2mNo. 21 of 51
Better than 60% of the companies in the industry
Number of employees2No. 33 of 51
Better than 36% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 791k, equity DKK 2.3m, 4 employees.

DKK 100kDKK 551kDKK 3mDKK 16.8mDKK 52.3mHere
Distribution of gross profit for 44 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. 9,379of 69,742
Better than 87%
No. 15,873of 69,964
Better than 77%
Same industry and fewer than 20 employees45 companies in the comparison
No. 12of 44
Better than 74%
No. 16of 45
Better than 66%
Companies that are at least 30 years old10,276 companies in the comparison
No. 5,064of 10,152
Better than 50%
No. 6,545of 10,275
Better than 36%
All companies of type A/S18,025 companies in the comparison
No. 10,818of 17,786
Better than 39%
No. 12,184of 18,024
Better than 32%

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

Brokerage activities in freight transport
Gross profit
  1. Bay Shipping A/SDKK 6.6m
  2. Arrow Tankers P/SDKK 92.3m
  3. Deugro Danmark A/SDKK 60.6m
Net profit
  1. Bay Shipping A/SDKK 3.6m
  2. Arrow Tankers P/SDKK 42.3m
  3. Deugro Danmark A/SDKK 3.4m
Equity
  1. Bay Shipping A/SDKK 4.2m
  2. Arrow Tankers P/SDKK 15.7m
  3. Deugro Danmark A/SDKK 15.4m
Employees
  1. Bay Shipping A/S2
  2. Arrow Tankers P/S14
  3. Deugro Danmark A/S52

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
Bay Shipping A/S

Management

5 active registrations

Executive management

Executive management at Bay Shipping A/S
NameRoleAppointed
Peter Ronnie HulstrømCEO12/12/2022

Board of directors

Board of directors at Bay Shipping A/S
NameRoleAppointed
Thomas Holst OlsenBoard member12/12/2022
Peter Ronnie HulstrømBoard member12/12/2022
Mikkel SchmidtBoard member12/12/2022
Frederik Christian Rye LytzenBoard member12/12/2022
Founders
A/S Pse Nr. 1680
Former management (22)
Former management at Bay Shipping A/S
NameRoleAppointedResigned
Torben Vestergaard JørgensenBoard member21/12/198703/09/1997
Preben Klement AndersenChair of the board21/12/198717/10/2002
Per Emil Hasselbalch StakemannDirector21/12/198727/05/1988
Vibeke AndersenBoard member21/12/198723/08/1993
Vibeke AndersenDirector21/12/198708/10/1990
Peter Edlund AndersenBoard member21/12/198723/02/1995
Peter Edlund AndersenDirector21/12/198723/02/1995
Niels Krogh SejersenBoard member21/12/198728/02/1998
Niels Krogh SejersenDirector21/12/198728/02/1998
Kim Birger Smidt NielsenBoard member03/09/199711/07/2001
Morten Løvenbalk KirchheinerBoard member03/09/199712/12/2022
Christian DuusBoard member28/02/199815/11/2001
Kim Birger Smidt NielsenDirector28/02/199811/07/2001
Morten Løvenbalk KirchheinerDirector28/02/199812/12/2022
Annette Norre RasmussenBoard member28/02/199803/07/2000
Flemming SørensenBoard member03/07/200024/04/2009
Jesper Aaris NielsenBoard member03/07/200009/10/2020
Jesper Aaris NielsenDirector03/07/200030/09/2020
Birgitte Sølvkær OlesenChair of the board04/10/200212/12/2022
Jens Friis KristensenBoard member04/10/200223/09/2010
Andres Tue MøllerBoard member24/04/200909/10/2020
Henrik Walther HansenBoard member23/09/201012/12/2022

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af en direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

1 active production units

Malaccavej 1
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
BAY SHIPPING A/SMalaccavej 1, 8000 Aarhus C21000282817

Purpose

Selskabets formål er at drive shippingvirksomhed, trading samt beslægtet virksomhed efter bestyrelsens skøn, samt at eje kapitalandele i andre selskaber, der driver shippingvirksomhed, trading og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

73 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Brokerage activities in freight transport (523100)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
202211 changesmanagement 9 · ownership 2
  • Mikkel Schmidt appointed board member
  • Peter Ronnie Hulstrøm appointed ceo
  • Peter Ronnie Hulstrøm appointed board member
  • Thomas Holst Olsen appointed board member
  • Frederik Christian Rye Lytzen appointed board member
  • Henrik Walther Hansen stepped down as board member
  • Birgitte Sølvkær Olesen stepped down as chair of the board
  • Morten Løvenbalk Kirchheiner stepped down as director
  • Morten Løvenbalk Kirchheiner stepped down as board member
  • BALTIC SHIPPING COMPANY A/S registered as owner (100%)
  • M.L.K. HOLDING ApS is no longer registered as owner
20212 changesaddress 1 · accounts 1
  • Moved to Malaccavej 1, 8000 Aarhus C
  • Annual report for 2021 published
20207 changesaccounts 1 · management 3 · ownership 3
  • Annual report for 2020 published
  • Andres Tue Møller stepped down as board member
  • Jesper Aaris Nielsen stepped down as board member
  • Jesper Aaris Nielsen stepped down as director
  • M.L.K. HOLDING ApS registered as owner (100%)
  • JAAN HOLDING ApS is no longer registered as owner
  • M.L.K. HOLDING ApS is no longer registered as owner
20191 changeaddress 1
  • Moved to Oceanvej 8A, 1, 8000 Aarhus C
20151 changeaddress 1
  • Moved to Vandvejen 2, 8000 Aarhus C
20102 changesmanagement 2
  • Henrik Walther Hansen appointed board member
  • Jens Friis Kristensen stepped down as board member
20092 changesmanagement 2
  • Andres Tue Møller appointed board member
  • Flemming Sørensen stepped down as board member
20083 changesownership 2 · industry 1
  • JAAN HOLDING ApS registered as owner (33.33%)
  • M.L.K. HOLDING ApS registered as owner (50%)
  • Industry changed to Skibsmæglere (522910)
20025 changesmanagement 3 · capital 2
  • Preben Klement Andersen stepped down as chair of the board
  • Jens Friis Kristensen appointed board member
  • Birgitte Sølvkær Olesen appointed chair of the board
  • Share capital changed from 650,000 DKK to 500,000 DKK
  • Share capital changed from 500,000 DKK to 650,000 DKK
20013 changesmanagement 3
  • Christian Duus stepped down as board member
  • Kim Birger Smidt Nielsen stepped down as director
  • Kim Birger Smidt Nielsen stepped down as board member
20004 changesmanagement 4
  • Jesper Aaris Nielsen appointed board member
  • Jesper Aaris Nielsen appointed director
  • Flemming Sørensen appointed board member
  • Annette Norre Rasmussen stepped down as board member
19986 changesmanagement 6
  • Morten Løvenbalk Kirchheiner appointed director
  • Christian Duus appointed board member
  • Kim Birger Smidt Nielsen appointed director
  • Annette Norre Rasmussen appointed board member
  • Niels Krogh Sejersen stepped down as board member
  • Niels Krogh Sejersen stepped down as director
19973 changesmanagement 3
  • Morten Løvenbalk Kirchheiner appointed board member
  • Kim Birger Smidt Nielsen appointed board member
  • Torben Vestergaard Jørgensen stepped down as board member
19952 changesmanagement 2
  • Peter Edlund Andersen stepped down as director
  • Peter Edlund Andersen stepped down as board member
19932 changescapital 1 · management 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
  • Vibeke Andersen stepped down as board member
19902 changescapital 1 · management 1
  • Share capital changed from 80,000 DKK to 300,000 DKK
  • Vibeke Andersen stepped down as director
19882 changesname 1 · management 1
  • Name changed from ApS SPKR 4 NR 1496 to BAY SHIPPING A/S
  • Per Emil Hasselbalch Stakemann stepped down as director
198710 changesfounded 1 · management 9
  • Registered as ApS SPKR 4 NR 1496
  • Niels Krogh Sejersen appointed board member
  • Peter Edlund Andersen appointed director
  • Peter Edlund Andersen appointed board member
  • Vibeke Andersen appointed director
  • Vibeke Andersen appointed board member
  • Per Emil Hasselbalch Stakemann appointed director
  • Torben Vestergaard Jørgensen appointed board member
  • Preben Klement Andersen appointed chair of the board
  • Niels Krogh Sejersen appointed director

Related companies

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.

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