Baffin Seafood ApS

CVR 43917994 · Private limited company (ApS) · Active · Low risk

Baffin Seafood ApS is a Private limited company (ApS), founded on , based in Aalborg Øst. The company is registered in the industry engroshandel med fisk og fiskeprodukter. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Mar 2026) shows equity of DKK 40.6m and a net result of DKK 15.5m. CEO: Jan Søgaard Frøslev, Glen Llewelyn Douglas Grandy, Christopher John Flanagan.

Bankruptcy risk for Baffin Seafood ApS

0.3%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 56% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's previous bankruptcies2 · bankruptcy rate 16.6%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Postcode changes3+ · 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×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Gross profit growth0%–10% · bankruptcy rate 3.5%0.39×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · 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
43917994
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
Niels Jernes Vej 12
9220 Aalborg Øst
Municipality
Aalborg
Industry
Engroshandel med fisk og fiskeprodukter (463220)
Bankruptcies in the industry: Engroshandel med andre maskiner og andet udstyr
Share capital
DKK 40k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio30.4%
Current ratio146%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies2
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year202620252024
Gross profitDKK 23.0mDKK 21.5mDKK 16.3m
Net profitDKK 15.5mDKK 13.4mDKK 11.7m
EquityDKK 40.6mDKK 25.1mDKK 11.7m
Total assetsDKK 133.3mDKK 64.8mDKK 75.2m
CashDKK 6.7mDKK 2.1m–
Short-term debtDKK 91.5mDKK 39.7m–
Tax owedDKK 3.3mDKK 43k–
Avg. employees32–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Revisionspåtegning · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026113
1 Apr 2024 – 31 Mar 2025100
1 Mar 2023 – 31 Mar 2024173

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

RoleNameFromTo
CEOJan Søgaard FrøslevCurrent
CEOGlen Llewelyn Douglas GrandyCurrent
CEOChristopher John FlanaganCurrent
CEORick Lambe
Owner (90%)Niqitaq Fisheries Ltd.Current
Owner (10%)NewThy ApSCurrent
Owner (100%)Niqitaq Fisheries Ltd.
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderNiqitaq Fisheries Ltd.Current

The CEOs' other companies

Jan Søgaard Frøslev – 5 other companies, of which 2 bankrupt

Address history (3 moves)

Niels Jernes Vej 12, 9220 Aalborg Øst
Kovshøjsvej 1, 9000 Aalborg
Indkildevej 6E, 9210 Aalborg SØ
c/o Advokatfirmaet Børge Nielsen, Hasserisvej 174, 9000 Aalborg

Other companies at the same address

Similar companies in Aalborg

Questions and answers about Baffin Seafood ApS

Has Baffin Seafood ApS gone bankrupt?

No, Baffin Seafood ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Baffin Seafood ApS?

Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Baffin Seafood ApS?

Jan Søgaard Frøslev, Glen Llewelyn Douglas Grandy, Christopher John Flanagan are the CEOs of Baffin Seafood ApS.

Who is the auditor of Baffin Seafood ApS?

Baffin Seafood ApS most recently used Cedra Godkendt Revisionsaktieselskab.

When was Baffin Seafood ApS founded?

Baffin Seafood ApS was founded on 1 March 2023.

What is the equity of Baffin Seafood ApS?

Equity was DKK 40.6m according to the annual report for the period ending 31 March 2026.

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