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Baffin Seafood ApS
APS
Active
CVR 43917994
Niels Jernes Vej 12
Wholesale of meat, meat products, fish and fish products · NACE 4632
Est. 2023
2 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2025
DKK 21,5M
+32% vs 2024
EBITDA margin
84.6%
+35% vs 2024
Equity ratio
38.7%
Financial strength
Net profit 2025
DKK 13,4M
+15% vs 2024
EBITDA — year on year
DKK millions
23M
17M
11M
6M
0M
13M
2024
18M
+38%
2025
Key figures
Annual report 2025
Revenue
DKK 21,5M
+32%
EBITDA
DKK 18,2M
+35%
Net profit
DKK 13,4M
+15%
Total assets
DKK 64,8M
-14%
Equity
DKK 25,1M
+114%
Employees
2
—
Company information
Legal name
Baffin Seafood ApS
CVR number
43917994
Legal form
Anpartsselskab
NACE code
4632 · Wholesale of meat, meat products, fish and fish products
Founded
1. marts 2023
Share capital
DKK 40.000
Employees
2 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-03-31
Financial year
January – December
Signatory rights
Selskabet tegnes af 2 direktører i forening.
Company purpose
Selskabets formål er engroshandel med fisk og fiskevarer og andet efter direktionens skøn beslægtet virksomhed.
Contact
Address
Niels Jernes Vej 12
Phone
+4540502068
Email
jan@baffinseafood.ca
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Companies in Wholesale of meat, meat products, fish and fish products
Companies in Aalborg
All Denmark companies
Revenue
DKK millions
0M
6M
13M
19M
25M
16M
2024
22M
2025
EBITDA
DKK millions
0M
5M
10M
16M
21M
13M
2024
18M
2025
Income statement
DKK thousands
Item
2024
2025
Revenue
16.327
21.504
Staff expenses
-2.855
-3.311
EBITDA
13.472
18.193
Depreciation & amort.
-0
-0
EBIT
13.472
18.193
Net financials
1.501
-978
Profit before tax
14.973
17.215
Tax
3.296
3.843
Net profit
11.677
13.372
Balance sheet
DKK thousands
Item
2024
2025
Total assets
75.187
64.813
Equity
11.717
25.088
Long-term debt
0
0
Short-term debt
63.470
39.725
Total debt
63.470
39.725
Financial ratios
5-year trend
EBITDA margin
84.6%
This company
15.8%
Market median
+435% vs market
2024
2025
Equity ratio
38.7%
This company
38.2%
Market median
+1% vs market
2024
2025
Return on equity
53.3%
This company
18.4%
Market median
+190% vs market
2024
2025
Net profit margin
62.2%
This company
8.1%
Market median
+668% vs market
2024
2025
Asset turnover
0.33×
This company
1.12×
Market median
-71% vs market
2024
2025
Debt / equity
1.58×
This company
0.62×
Market median
-155% vs market
2024
2025
Annual reports & filings
Annual report 2025
Filed via CVR / Virk · Period 2024-04-01 – 2025-03-31
View
PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-03-01 – 2024-03-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (3)
JS
Jan Søgaard Frøslev
Management
Management
2023
GL
Glen Llewelyn Douglas Grandy
Management
Management
2023
CJ
Christopher John Flanagan
Management
Management
2023
Former (1)
RL
Rick Lambe
Management
Management
2023 – 2025
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Niqitaq Fisheries Ltd.
Individual
90–99.99%
90–99.99%
2023
NewThy ApS
Company
10–14.99%
10–14.99%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of Baffin Seafood ApS also hold positions in
0
other companies.
Person
Role here
Other companies
Jan Søgaard Frøslev
Management
0 companies
Rick Lambe
Management
0 companies
Glen Llewelyn Douglas Grandy
Management
0 companies
Christopher John Flanagan
Management
0 companies