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New Balance Denmark ApS

Private limited companyCVR 38009303Aalborg SØActive

New Balance Denmark ApS is a private limited company, based in Aalborg SØ, active in wholesale of footwear, founded in 2016. Net profit rose 96% from 2024 to 2025, ending at DKK 32.4m. Measured by gross profit, it ranks no. 2 of 44 companies in the industry in the database. Profit has grown three years in a row.

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Key figures · financial year 2025

Gross profitDKK 67.1m+65.5% vs. 2024
Net profitDKK 32.4m+96% vs. 2024
EquityDKK 37.6m+96.4% vs. 2024
Employees36latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 65% (2024 → 2025), to DKK 67.1m.
  • Net profit rose 96% (2024 → 2025), to DKK 32.4m.
  • Equity rose 96% (2024 → 2025), to DKK 37.6m.

Employees

  • 4 more employees than a year earlier: 36 (07/2026) against 32 (07/2025).

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 2020–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for New Balance Denmark ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit19,38734,37534,65134,29940,56267,121+65.5%
Operating profit (EBIT)3,22920,72519,74016,25320,12541,540+106.4%
Profit before tax5,13719,23617,41717,98620,43341,397+102.6%
Net profit3,97215,01013,64014,11916,55632,449+96%
Total assets19,63540,97162,92947,51475,923106,709+40.5%
Equity1,21916,22816,06816,38819,14337,593+96.4%
Liabilities18,39224,73246,85531,11156,78069,117+21.7%
Cash and cash equivalents7,64726,31314,6729,21329,20642,372+45.1%
Average number of employees181819232635+34.6%

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
Gross profitMedian, the industry (44 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 New Balance Denmark ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202312/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202228/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202113/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202006/08/2021The 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
01020304008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

44 companies in the database

Comparison with the other companies in wholesale of footwear based on the latest financial year.

Gross profitDKK 67.1mNo. 2 of 44
Better than 98% of the companies in the industry
EquityDKK 37.6mNo. 6 of 44
Better than 88% of the companies in the industry
Number of employees36No. 3 of 44
Better than 95% of the companies in the industry

Industry median: gross profit DKK 5.7m, net profit DKK 1.1m, equity DKK 7.1m, 7 employees.

DKK 114kDKK 575kDKK 2.9mDKK 14.7mDKK 43.5mHere
Distribution of gross profit for 42 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 20–49 employees9,922 companies in the comparison
No. 260of 9,892
Better than 97%
No. 952of 9,922
Better than 90%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 504of 33,588
Better than 99%
No. 1,485of 33,687
Better than 96%
All companies of type ApS66,508 companies in the comparison
No. 492of 66,379
Better than 99%
No. 2,657of 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 footwear
Gross profit
  1. New Balance Denmark ApSDKK 67.1m
  2. Sika Footwear A/SDKK 74.6m
  3. Shoe-d-vision AMBADKK 47.9m
Net profit
  1. New Balance Denmark ApSDKK 32.4m
  2. Sika Footwear A/SDKK 19.9m
  3. Shoe-d-vision AMBADKK 8.6m
Equity
  1. New Balance Denmark ApSDKK 37.6m
  2. Sika Footwear A/SDKK 107.6m
  3. Shoe-d-vision AMBADKK 97.9m
Employees
  1. New Balance Denmark ApS36
  2. Sika Footwear A/S69
  3. Shoe-d-vision AMBA40

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
  • New Balance Intermediate, Inc.100%
New Balance Denmark ApS

Management

3 active registrations

Executive management

Executive management at New Balance Denmark ApS
NameRoleAppointed
Paul Richard GauronDirector21/10/2016
Kevin M DoyleDirector16/01/2020
Joseph Eugene PrestonDirector15/06/2022
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
KR 332 ApS
Former management (4)
Former management at New Balance Denmark ApS
NameRoleAppointedResigned
Bent KemplarDirector15/09/201621/10/2016
John Kelly WitheeDirector21/10/201631/12/2019
Robert Todd DeMartiniDirector21/10/201630/11/2018
Francis Paul AllenDirector29/01/201915/06/2022

Signing rule: Selskabet tegnes af en direktør.

Address and production units

3 active production units

Indkildevej 6D
9210 Aalborg SØ

Aalborg Municipality · Postcode 9210

Production units
Production unitAddressEmployeesP number
New Balance Denmark ApSIndkildevej 6D, 1, 9210 Aalborg SØ171021751665
New Balance Denmark ApSKøbmagergade 22, 1150 København K111030770338
New Balance Denmark ApSStamholmen 157, st. th, 2650 Hvidovre61031797523

Purpose

Selskabets formål er at importere, eksportere, distribuere og sælge sportsfodtøj og sportstøj sammen med hertil relaterede produkter samt al virksomhed, som efter direktionens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

29 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesaccounts 1 · management 2
  • Annual report for 2021 published
  • Joseph Eugene Preston appointed director
  • Francis Paul Allen stepped down as director
20211 changeaccounts 1
  • Annual report for 2020 published
20201 changemanagement 1
  • Kevin M Doyle appointed director
20195 changesmanagement 2 · ownership 2 · address 1
  • John Kelly Withee stepped down as director
  • New Balance Intermediate, Inc. registered as owner (100%)
  • New Balance Holding (U.K) Limited is no longer registered as owner
  • Moved to Indkildevej 6D, 1, 9210 Aalborg SØ
  • Francis Paul Allen appointed director
20183 changesmanagement 1 · address 2
  • Robert Todd DeMartini stepped down as director
  • Moved to Indkildevej 6D, 1, 9210 Aalborg SØ
  • Moved to Indkildevej 6D, 1, 9210 Aalborg SØ
20171 changeindustry 1
  • Industry changed to Wholesale of footwear (464220)
201611 changesaddress 1 · name 1 · management 5 · ownership 3 · founded 1
  • Moved to Sundkrogsgade 21, 2100 København Ø
  • Name changed from KR 1848 ApS to New Balance Denmark ApS
  • Paul Richard Gauron appointed director
  • Robert Todd DeMartini appointed director
  • John Kelly Withee appointed director
  • Bent Kemplar stepped down as director
  • New Balance Holding (U.K) Limited registered as owner (100%)
  • KR 332 ApS is no longer registered as owner
  • Registered as KR 1848 ApS
  • Bent Kemplar appointed director
  • KR 332 ApS registered as owner (100%)

Related companies

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Same people in management

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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.

View in CVRReport a correction