The Nautical Up Group ApS
Private limited companyCVR 38822837SkanderborgActive
The Nautical Up Group ApS is a private limited company, based in Skanderborg, active in retail sale of pleasure boats and equipment, founded in 2017. Equity was negative at the end of 2025 (−DKK 4.8m). The company made a loss in both 2024 and 2025, most recently DKK 676k.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 57% (2024 → 2025), to DKK 301k.
- The loss grew: from DKK 317k to DKK 676k (2024 → 2025).
Management and owners, last 24 months
- New in management: Christian Fogh Glass (director, 25/06/2025).
- Stepped down: Lone Mejlby Glass (ceo, 25/06/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Retail sale of pleasure boats and equipment (476330)
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 | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 224 | 1,118 | 1,149 | 1,411 | 701 | 301 | −57.1% |
| Operating profit (EBIT) | −721 | −368 | −1,145 | −856 | −317 | −676 | −113.2% |
| Profit before tax | −733 | −367 | −1,164 | −867 | −317 | −676 | −113.2% |
| Net profit | −733 | −367 | −1,164 | −867 | −317 | −676 | −113.2% |
| Total assets | 958 | 1,072 | 1,740 | 1,035 | 1,706 | 1,955 | +14.6% |
| Equity | −1,216 | −1,633 | −2,797 | −3,704 | −4,137 | −4,814 | −16.4% |
| Liabilities | 2,174 | 2,705 | 4,537 | 4,739 | 5,843 | 6,770 | +15.9% |
| Cash and cash equivalents | 134 | 59 | 709 | 273 | 190 | 305 | +60.8% |
| Average number of employees | – | – | – | – | 3 | 2 | −33.3% |
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
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 4.8m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
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.
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 | 30/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 29/06/2025 | The company | PDF not statedXBRL |
| 2023 | 01/04/2022 – 31/03/2023 | 30/06/2024 | The company | PDF not statedXBRL |
| 2022 | 01/04/2021 – 31/03/2022 | 04/10/2022 | The company | PDF not statedXBRL |
| 2021 | 01/04/2020 – 31/03/2021 | 04/09/2021 | The company | PDF not statedXBRL |
| 2020 | 01/04/2019 – 31/03/2020 | 19/09/2020 | 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
46 companies in the databaseComparison with the other companies in retail sale of pleasure boats and equipment based on the latest financial year.
Industry median: gross profit DKK 1.5m, net profit DKK 63,455, equity DKK 1.8m, 4 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. 57,747of 69,742 Better than 17% | No. 69,140of 69,964 Better than 1% |
| Same industry and fewer than 20 employees44 companies in the comparison | No. 38of 44 Better than 14% | No. 44of 44 Better than 0% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 29,058of 33,588 Better than 13% | No. 33,048of 33,687 Better than 2% |
| All companies of type ApS66,508 companies in the comparison | No. 55,556of 66,379 Better than 16% | No. 65,681of 66,505 Better than 1% |
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
Retail sale of pleasure boats and equipment- The Nautical Up Group ApSDKK 301k
- North Sails A/SDKK 13m
- Reese Marin ApSDKK 8.8m
- The Nautical Up Group ApS−DKK 676k
- North Sails A/SDKK 2.2m
- Reese Marin ApSDKK 3.2m
- The Nautical Up Group ApS−DKK 4.8m
- North Sails A/SDKK 18.3m
- Reese Marin ApSDKK 24.3m
- The Nautical Up Group ApS3
- North Sails A/S12
- Reese Marin ApS5
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Christian Fogh Glass100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Christian Fogh Glass | Director | 25/06/2025 |
- Founders
- Christian Fogh Glass
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Christian Fogh Glass | CEO | 24/07/2017 | 23/07/2018 |
| Lone Mejlby Glass | CEO | 23/07/2018 | 25/06/2025 |
Signing rule: Selskabet tegnes af en direktør alene.
Address and production units
1 active production unitsDanmarksvej 30M
8660 Skanderborg
| Production unit | Address | Employees | P number |
|---|---|---|---|
| The Nautical Up Group ApS | Danmarksvej 30M, 2, 8660 Skanderborg | 4 | 1022708828 |
Purpose
Selskabets formål er som handelsvirksomhed
The purpose is quoted from the register in Danish.
Changes year by year
18 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20254 changesaccounts 1 · management 2 · industry 1
- AccountsAnnual report for 2024 published
- ManagementChristian Fogh Glass appointed director
- ManagementLone Mejlby Glass stepped down as ceo
- IndustryIndustry changed to Retail sale of pleasure boats and equipment (476330)
20244 changesaddress 1 · accounts 1 · name 1 · industry 1
- AddressMoved to Danmarksvej 30M, 2, 8660 Skanderborg
- AccountsAnnual report for 2023 published
- NameName changed from Grimsby ApS to The Nautical Up Group ApS
- IndustryIndustry changed to Forhandlere af lystbåde og udstyr hertil (476430)
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20212 changesaccounts 1 · address 1
- AccountsAnnual report for 2021 published
- AddressMoved to Rugaardsvej 5, 8680 Ry
20201 changeaccounts 1
- AccountsAnnual report for 2020 published
20182 changesmanagement 2
- ManagementLone Mejlby Glass appointed ceo
- ManagementChristian Fogh Glass stepped down as ceo
20173 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as Grimsby ApS
- ManagementChristian Fogh Glass appointed ceo
- OwnershipChristian Fogh Glass registered as owner (100%)
Related companies
Largest in the industry
- North Sails A/SDKK 13m
- Reese Marin ApSDKK 8.8m
- Tempo Bådsalg A/SDKK 8.1m
- Princess Yachts Denmark ApSDKK 6.7m
- Siim Båd & Motor A/SDKK 6.4m
- FriendShips ApSDKK 5.2m
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.