True Boat Builders ApS
CVR 77666311 · Private limited company (ApS) · Active · Low risk
True Boat Builders ApS is a Private limited company (ApS), founded on , based in Lunderskov. The company is registered in the industry bygning af både til fritid og sport. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 times the average for Danish companies. 20 annual reports have been published, of which 3 more than six months after the end of the financial year. The latest annual report (30 Sep 2025) shows equity of DKK -1.4m and a net result of DKK -2.0m. CEO: Thomas Dan Hougaard.
Bankruptcy risk for True Boat Builders ApS
0.1 × the average (1.41%) · higher risk than 38% of active Danish companies
Increases the risk
Reduces the risk
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
- 77666311
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (41 years)
- Address
- Fabriksvej 5
6640 Lunderskov - Municipality
- Kolding
- Industry
- Bygning af både til fritid og sport (301200)
Bankruptcies in the industry: Fremstilling af cykler og invalidekøretøjer - Share capital
- DKK 200k
- Employees
- 23 (2018)
- Auditor
- PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
- Audit opted out
- No
Warning signs
| Annual reports filed late | 6 of 30 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -6.9% |
| Current ratio | 41% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 2 |
| CEO's previous bankruptcies | 2 |
| Other companies at the address | 4 |
| Going-concern uncertainty | Yes |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 7.9m | DKK 9.0m | DKK 8.9m |
| Net profit | DKK -2.0m | DKK -864k | DKK -1.1m |
| Equity | DKK -1.4m | DKK 132k | DKK 996k |
| Total assets | DKK 19.7m | DKK 19.2m | DKK 17.3m |
| Cash | DKK 83k | DKK 2,332 | – |
| Short-term debt | DKK 14.1m | DKK 15.9m | – |
| Tax owed | – | DKK 0 | – |
| Avg. employees | 18 | 16 | – |
Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · PricewaterhouseCoopersStatsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Oct 2024 – 30 Sep 2025 | 212 | Late | |
| 1 Oct 2023 – 30 Sep 2024 | 195 | Late | |
| 1 Oct 2022 – 30 Sep 2023 | 198 | Late | |
| 1 Oct 2021 – 30 Sep 2022 | 180 | ||
| 1 Oct 2020 – 30 Sep 2021 | 154 | ||
| 1 Oct 2019 – 30 Sep 2020 | 79 | ||
| 1 Jul 2018 – 30 Jun 2019 | 169 | ||
| 1 Jul 2017 – 30 Jun 2018 | 181 | ||
| 1 Jul 2016 – 30 Jun 2017 | 108 | ||
| 1 Jul 2015 – 30 Jun 2016 | 95 | ||
| 1 Jul 2014 – 30 Jun 2015 | 160 | ||
| 1 Jul 2013 – 30 Jun 2014 | 140 | ||
| 1 Jul 2012 – 30 Jun 2013 | 151 | ||
| 1 Jul 2011 – 30 Jun 2012 | 157 | ||
| 1 Jul 2010 – 30 Jun 2011 | 150 | ||
| 1 Jul 2009 – 30 Jun 2010 | 145 | ||
| 1 Jul 2008 – 30 Jun 2009 | 156 | ||
| 1 Jul 2007 – 30 Jun 2008 | 153 | ||
| 1 Jul 2006 – 30 Jun 2007 | 172 | ||
| 1 Jul 2005 – 30 Jun 2006 | 160 |
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 | Thomas Dan Hougaard | Current | |
| CEO | Lars Paaske Buchwald | ||
| Board | Jette Christiansen | ||
| Board | Lars Paaske Buchwald | ||
| Board | Kai Smith | ||
| Board | Ove Georg Rasmussen | ||
| Board | Thomas Dan Hougaard | ||
| Board | Paul Enevold Jørgensen | ||
| Owner (50%) | Hougaard 2010 ApS | Current | |
| Owner (10%) | BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG | Current | |
| Owner (15%) | Nicholas Paul Shepherd | Current | |
| Owner (15%) | Bryan Edward Bevin | Current | |
| Owner (100%) | BUCHWALD YACHTS HOLDING ApS | ||
| Owner (50%) | Hougaard 2010 ApS | ||
| Owner (50%) | BUCHWALD YACHTS HOLDING ApS | ||
| Owner (100%) | Hougaard 2010 ApS | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | Current | |
| Auditor | Find Brødsgaard Schmidt | ||
| Auditor | FCMP INVEST ApS | ||
| Auditor | AIDER Godkendt Revisionsaktieselskab | ||
| Auditor | Datoselskabet af den 3. juli 2016 RVT P/S | ||
| Auditor | Beierholm Godkendt Revisionspartnerselskab | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab |
The CEOs' other companies
Thomas Dan Hougaard – 6 other companies, of which 3 bankrupt
- F. 2012 A/S Bankrupt 12 Apr 2012
- PG AF 5.12.2013 A/S Bankrupt 13 Dec 2013
- SFY A/S Bankrupt 30 Sep 2014
- BRANDT HOLDING ApS Active
- Hougaard 2010 ApS Active
- NORDSHIP & FAURBY BROKERS ApS Active
Lars Paaske Buchwald – 4 other companies, of which 1 bankrupt
- DANBOAT F.M.B.A. Bankrupt 31 Aug 2011
- BUCHWALD YACHTS HOLDING ApS Active
- EJENDOMSSELSKABET AF 30/3 1988 ApS Fusioneret
- NORDSHIP & FAURBY BROKERS ApS Active
Address history (2 moves)
| Fabriksvej 5, 6640 Lunderskov | |
| H C Ørsteds Vej 12, 6000 Kolding | |
| Harager 18, 6640 Lunderskov |
Former names
| True Boat Builders ApS | – now |
| NORDSHIP YACHTS ApS | – |
| BUCHWALD YACHTS ApS | – |
| BUCHWALD YACHTVÆRFT ApS | – |
Employees per year
Other companies at the same address
- H. M. BÅDEBYGGERI ApS Bankrupt
- HM CAMPER ApS Bankrupt
- Hougaard 2010 ApS Active
- NORDSHIP & FAURBY BROKERS ApS Active
Similar companies in Kolding
- LUFFE YACHTS ApS Kolding
- Hougaard 2010 ApS Lunderskov
Questions and answers about True Boat Builders ApS
Has True Boat Builders ApS gone bankrupt?
No, True Boat Builders ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of True Boat Builders ApS?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.
Who is the CEO of True Boat Builders ApS?
Thomas Dan Hougaard is the CEO of True Boat Builders ApS.
Who is the auditor of True Boat Builders ApS?
True Boat Builders ApS most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.
When was True Boat Builders ApS founded?
True Boat Builders ApS was founded on 9 May 1985.
What is the equity of True Boat Builders ApS?
Equity was DKK -1.4m according to the annual report for the period ending 30 September 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.