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True Boat Builders ApS

Private limited companyCVR 77666311LunderskovActive

True Boat Builders ApS is a private limited company, based in Lunderskov, active in building of pleasure and sporting boats, founded in 1985. Equity was negative at the end of 2025 (−DKK 1.4m). Measured by gross profit, it ranks no. 2 of 11 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 2m.

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Key figures · financial year 2025

Gross profitDKK 7.9m−12.1% vs. 2024
Net profit−DKK 2m−136.7% vs. 2024
Equity−DKK 1.4m−1,137.4% vs. 2024
Employees21latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 12% (2024 → 2025), to DKK 7.9m.
  • The loss grew: from DKK 864k to DKK 2m (2024 → 2025).
  • Equity turned negative: −DKK 1.4m (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 21 (07/2026) against 22 (07/2025).

Management and owners, last 24 months

  • New owners registered: BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG (18/12/2024), Nicholas Paul Shepherd (18/12/2024) and Bryan Edward Bevin (18/12/2024).

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 3m−DKK 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4m202020212022202320242025
EquityNet profit
Financial figures for True Boat Builders ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit10,16210,60010,9739,4219,0057,919−12.1%
Operating profit (EBIT)1,261−38−1,319−315−110−2,000−1,712.8%
Profit before tax845−600−1,847−1,164−1,066−2,635−147.1%
Net profit672−484−1,446−920−864−2,045−136.7%
Total assets20,05019,88021,32317,63219,21219,725+2.7%
Equity4,1093,5332,0881,218132−1,371−1,137.4%
Liabilities14,00314,48117,70715,11018,01620,307+12.7%
Cash and cash equivalents2,106647397283+3,452.1%
Average number of employees221620161618+12.5%

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 10m202020212022202320242025
Gross profitMedian, the industry (11 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 1.4m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 5 years in a row

    Net result has been negative in 2021–2025.

    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
Annual reports for True Boat Builders ApS
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202530/04/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202413/04/2025The companyPDFXBRL
202301/10/2022 – 30/09/202315/04/2024The companyPDFXBRL
202201/10/2021 – 30/09/202229/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202103/03/2022The companyPDFXBRL
202001/10/2019 – 30/09/202018/12/2020The 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
0510152008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

11 companies in the database

Comparison with the other companies in building of pleasure and sporting boats based on the latest financial year.

Gross profitDKK 7.9mNo. 2 of 11
Better than 90% of the companies in the industry
Equity−DKK 1.4mNo. 10 of 11
Better than 10% of the companies in the industry
Number of employees21No. 3 of 11
Better than 80% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit −DKK 148k, equity DKK 2.2m, 9 employees.

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. 6,529of 9,892
Better than 34%
No. 9,474of 9,922
Better than 5%
Companies that are at least 30 years old10,276 companies in the comparison
No. 4,666of 10,152
Better than 54%
No. 10,093of 10,275
Better than 2%
All companies of type ApS66,508 companies in the comparison
No. 8,161of 66,379
Better than 88%
No. 64,208of 66,505
Better than 3%

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

Building of pleasure and sporting boats
Gross profit
  1. True Boat Builders ApSDKK 7.9m
  2. Quorning Boats ApSDKK 30.5m
  3. Poca Glasfiber ApSDKK 7.3m
Net profit
  1. True Boat Builders ApS−DKK 2m
  2. Quorning Boats ApS−DKK 2.7m
  3. Poca Glasfiber ApSDKK 1.1m
Equity
  1. True Boat Builders ApS−DKK 1.4m
  2. Quorning Boats ApSDKK 18.6m
  3. Poca Glasfiber ApSDKK 6.2m
Employees
  1. True Boat Builders ApS21
  2. Quorning Boats ApS66
  3. Poca Glasfiber ApS16

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
  • Hougaard 2010 ApS50%
  • BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG10%
  • Nicholas Paul Shepherd15%
  • Bryan Edward Bevin15%
True Boat Builders ApS

Management

1 active registrations

Executive management

Executive management at True Boat Builders ApS
NameRoleAppointed
Thomas Dan HougaardDirector01/01/2018
Former management (7)
Former management at True Boat Builders ApS
NameRoleAppointedResigned
Jette ChristiansenBoard member09/05/198527/12/2018
Lars Paaske BuchwaldBoard member09/05/198508/11/2023
Lars Paaske BuchwaldDirector09/05/198501/10/2023
Kai SmithBoard member08/04/200913/11/2019
Ove Georg RasmussenBoard member08/04/200929/11/2023
Thomas Dan HougaardBoard member27/12/201829/11/2023
Paul Enevold JørgensenBoard member09/01/202029/11/2023

Signing rule: Selskabet tegnes af en direktør

Address and production units

1 active production units

Fabriksvej 5
6640 Lunderskov

Kolding Municipality · Postcode 6640

Production units
Production unitAddressEmployeesP number
True Boat Builders ApSFabriksvej 5, 6640 Lunderskov211002526863

Purpose

Selskabets formål er er at drive handel og fabrikation og anden virksomhed, der efter bestyrelsens skøn står i forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

40 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20244 changesownership 3 · accounts 1
  • BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG registered as owner (10%)
  • Bryan Edward Bevin registered as owner (15%)
  • Nicholas Paul Shepherd registered as owner (15%)
  • Annual report for 2023 published
20239 changesmanagement 5 · ownership 3 · accounts 1
  • Paul Enevold Jørgensen stepped down as board member
  • Thomas Dan Hougaard stepped down as board member
  • Ove Georg Rasmussen stepped down as board member
  • Lars Paaske Buchwald stepped down as board member
  • Lars Paaske Buchwald stepped down as director
  • Hougaard 2010 ApS registered as owner (50%)
  • BUCHWALD YACHTS HOLDING ApS is no longer registered as owner
  • Hougaard 2010 ApS is no longer registered as owner
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20202 changesaccounts 1 · management 1
  • Annual report for 2020 published
  • Paul Enevold Jørgensen appointed board member
20191 changemanagement 1
  • Kai Smith stepped down as board member
20187 changesname 1 · management 3 · ownership 3
  • Name changed from NORDSHIP YACHTS ApS to True Boat Builders ApS
  • Thomas Dan Hougaard appointed board member
  • Jette Christiansen stepped down as board member
  • BUCHWALD YACHTS HOLDING ApS registered as owner (50%)
  • Hougaard 2010 ApS registered as owner (50%)
  • BUCHWALD YACHTS HOLDING ApS is no longer registered as owner
  • Thomas Dan Hougaard appointed director
20092 changesmanagement 2
  • Ove Georg Rasmussen appointed board member
  • Kai Smith appointed board member
20081 changeindustry 1
  • Industry changed to Building of pleasure and sporting boats (301200)
20072 changesaddress 1 · merger 1
  • Moved to Fabriksvej 5, 6640 Lunderskov
  • Merger registered in CVR
20042 changesname 1 · ownership 1
  • Name changed from BUCHWALD YACHTS ApS to NORDSHIP YACHTS ApS
  • BUCHWALD YACHTS HOLDING ApS registered as owner (100%)
20021 changeaddress 1
  • Moved to H C Ørsteds Vej 12, 6000 Kolding
19962 changesname 1 · capital 1
  • Name changed from BUCHWALD YACHTVÆRFT ApS to BUCHWALD YACHTS ApS
  • Share capital changed from 80,000 DKK to 200,000 DKK
19854 changesfounded 1 · management 3
  • Registered as BUCHWALD YACHTVÆRFT ApS
  • Jette Christiansen appointed board member
  • Lars Paaske Buchwald appointed director
  • Lars Paaske Buchwald appointed board member

Related companies

Same industry in Kolding

See all →

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.

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