New Balance Denmark ApS

CVR 38009303 · Private limited company (ApS) · Active · Low risk

New Balance Denmark ApS is a Private limited company (ApS), founded on 15 September 2016, based in Aalborg SØ. The company is registered in the industry engroshandel med fodtøj. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 9 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 37.6m and a net result of DKK 32.4m. CEO: Paul Richard Gauron, Kevin M Doyle, Joseph Eugene Preston.

Bankruptcy risk for New Balance Denmark ApS

0.5%

probability of bankruptcy within 12 months

Low risk

0.4 × the average (1.41%) · higher risk than 60% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×

CEO's other companies0 · bankruptcy rate 10.9%1.2×

Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×

Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×

Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×

CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×

Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×

Number of CEOs3+ · bankruptcy rate 4.0%0.46×

Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×

Audit opted outNo · bankruptcy rate 4.8%0.55×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number: 38009303
Status: Active
Company type: Private limited company (ApS)
Founded: 15 September 2016 (10 years)
Address: Indkildevej 6D, 1.
9210 Aalborg SØ
Municipality: Aalborg
Industry: Engroshandel med fodtøj (464220)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital: DKK 50k
Employees: 16 (2018)
Auditor: Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out: No

Warning signs

Annual reports filed late	5 of 9
Missing annual report	No
Negative equity	No
Equity ratio	35.2%
Current ratio	146%
Moves (last 2 years)	0
CEO changes in total	7
CEO's previous bankruptcies	0
Other companies at the address	45
Going-concern uncertainty	No

Financials and key figures

Financial year	2025	2024
Gross profit	DKK 67.1m	DKK 40.6m
Net profit	DKK 32.4m	DKK 16.6m
Equity	DKK 37.6m	DKK 19.1m
Total assets	DKK 106.7m	DKK 75.9m
Cash	DKK 42.4m	–
Short-term debt	DKK 69.1m	–
Tax owed	DKK 4.5m	–
Avg. employees	35	–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Grant Thornton, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting period	Published	Days after period end
1 Jan 2025 – 31 Dec 2025	15 Jul 2026	196	Late
1 Jan 2024 – 31 Dec 2024	27 Jun 2025	178
1 Jan 2023 – 31 Dec 2023	12 Jul 2024	194	Late
1 Jan 2022 – 31 Dec 2022	28 Jun 2023	179
1 Jan 2021 – 31 Dec 2021	13 Jul 2022	194	Late
1 Jan 2020 – 31 Dec 2020	6 Aug 2021	218	Late
1 Jan 2019 – 31 Dec 2019	22 Jul 2020	204	Late
1 Jan 2018 – 31 Dec 2018	24 Jun 2019	175
15 Sep 2016 – 31 Dec 2017	14 Jun 2018	165

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

Role	Name	From	To
CEO	Paul Richard Gauron	21 Oct 2016	Current
CEO	Kevin M Doyle	16 Jan 2020	Current
CEO	Joseph Eugene Preston	15 Jun 2022	Current
CEO	Bent Kemplar	15 Sep 2016	21 Oct 2016
CEO	John Kelly Withee	21 Oct 2016	31 Dec 2019
CEO	Robert Todd DeMartini	21 Oct 2016	30 Nov 2018
CEO	Francis Paul Allen	29 Jan 2019	15 Jun 2022
Owner (100%)	New Balance Intermediate, Inc.	13 Sep 2019	Current
Owner (100%)	KR 332 ApS	15 Sep 2016	19 Oct 2016
Owner (100%)	New Balance Holding (U.K) Limited	20 Oct 2016	13 Sep 2019
Auditor	Grant Thornton, Godkendt Revisionspartnerselskab	21 Oct 2016	Current
Founder	KR 332 ApS	15 Sep 2016	Current

The CEOs' other companies

Bent Kemplar – 51 other companies, of which 22 bankrupt

APOLLOVEJ ApS Bankrupt 7 Feb 2020
Base Marine ApS Bankrupt 21 Dec 2021
Bjerring Silo Construction ApS Bankrupt 23 Nov 2017
CPH CAPITAL INVEST ApS Bankrupt 18 Aug 2015
Datoselskabet af 24. september 2014 ApS Bankrupt 12 Oct 2020
E.S.M. ApS Bankrupt 5 Aug 2021
Hamiconsult A/S Bankrupt 15 Sep 2026
Hillerød Projektudvikling ApS Bankrupt 29 Jul 2020
ISFELL SISIMIUT A/S Bankrupt 17 Feb 2023
ISG Engineering Services Nordic ApS Bankrupt 10 Oct 2024
Inhouse Filming Danmark ApS Bankrupt 9 Mar 2018
JetWash Scandinavia ApS Bankrupt 29 Mar 2019
KACHING ApS Bankrupt 21 Jun 2017
MIKROKREDIT ApS Bankrupt 27 Jul 2016
Madar Investment ApS Bankrupt 5 Aug 2021
Mega Drizzle ApS Bankrupt 28 Mar 2017
ONELUX ApS Bankrupt 23 May 2024
Selskabet af den 11. december 2017 A/S Bankrupt 12 Dec 2017
Solo Newco Holding ApS Bankrupt 4 Sep 2019
TDK mep ApS Bankrupt 24 Jan 2019
Vacucraft Denmark ApS Bankrupt 11 Apr 2017
ØRNHØJ HOLDING ApS Bankrupt 20 Sep 2016
& Friends ApS Active
4 + 1 ApS Active
7cubic ApS Active
AFV I ApS Opløst
AKAMAI TECHNOLOGIES DENMARK ApS Active
AKTIESELSKABET TRAP DANMARK Fusioneret
ANI ApS Fusioneret
APOLLOVEJ HOLDING ApS Compulsorily dissolved

Address history (3 moves)

23 May 2019	Indkildevej 6D, 1., 9210 Aalborg SØ
9 Jan 2018	Indkildevej 6D, 1., 9210 Aalborg SØ
23 Nov 2016	c/o Harbour House, Sundkrogsgade 21, 2100 København Ø
15 Sep 2016	c/o Kromann Reumert, Sundkrogsgade 5, 2100 København Ø

Former names

New Balance Denmark ApS	21 Oct 2016 – now
KR 1848 ApS	15 Sep 2016 – 20 Oct 2016

Employees per year

Other companies at the same address

ST. ST. A/S Bankrupt
A-CONSULT HOLDING GROUP A/S Active
A-Consult Ejendomsselskab ApS Active
A-Consult Engineering ApS Active
AVEVA DENMARK A/S Active
BYGGEFELT S A/S Active
CARSTEN ENGGAARD ApS Fusioneret
CATO EJENDOMME A/S Opløst
CE EJENDOMSINVEST, AALBORG A/S Fusioneret
CE HUSE A/S Fusioneret
Careng Holding 1 ApS Fusioneret
Carsten Enggaard ApS Active
EJENDOMSANPARTSSELSKABET LYNGVEJ 3. AALBORG Active
EJENDOMSSELSKABET KRISTINEVEJ 2 ApS Fusioneret
EM ESTATE ApS Active
Egeparken 6, Aalborg A/S Active
Fåborgvej 15A ApS Fusioneret
Handelsselskabet af 4. april 2016 A/S Opløst
INDKILDEVEJ 2C ApS Fusioneret
LANGESMINDE A/S Active
LDBB ApS Fusioneret
MARCUSSEN A/S AF 2006 Opløst
MBT BULGARIEN ApS Opløst
MBT ESTATE FREDERIKSKAJ ApS Active
MTS-SØREN ENGGAARD HOLDING ApS Fusioneret

Similar companies in Aalborg

BUBETTI ApS Aalborg
Ciaga IVS Aalborg SV
TIPTOE Denmark ApS Aalborg
KENZA IMPORT ApS Vestbjerg
KALLE K & CO ApS Nørresundby
FOOTGEAR ApS Aalborg

Questions and answers about New Balance Denmark ApS

Has New Balance Denmark ApS gone bankrupt?

No, New Balance Denmark ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of New Balance Denmark ApS?

Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.

Who is the CEO of New Balance Denmark ApS?

Paul Richard Gauron, Kevin M Doyle, Joseph Eugene Preston are the CEOs of New Balance Denmark ApS.

Who is the auditor of New Balance Denmark ApS?

New Balance Denmark ApS most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was New Balance Denmark ApS founded?

New Balance Denmark ApS was founded on 15 September 2016.

What is the equity of New Balance Denmark ApS?

Equity was DKK 37.6m according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.