Baltic Bulk A/S (CVR 45183912) Company Profile

Ownership

Baltic Bulk Holding ApS
CVR 4517862590% to under 100% of capital and votesnotified 4 Jul 2025since 31 Oct 2024
Jespersgaard Holding ApS
CVR 454738645% to under 10% of capital and votessince 4 Jul 2025

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Control Chain

Ultimate controller
Anders Nis Svarrer
Holds 100% of capital and votes in ANShip ApS, since 28 Aug 2017
Capital100%
Votes100%
Holding company
ANShip ApS
CVR 38888323Private limited company (ApS)
Holds 50% to under 66.7% of capital and votes in Baltic Bulk Holding ApS, since 6 Nov 2024
Capital50% to under 66.7%
Votes50% to under 66.7%
Holding company
Baltic Bulk Holding ApS
CVR 45178625Private limited company (ApS)
Holds 90% to under 100% of capital and votes in Baltic Bulk A/S, since 31 Oct 2024
Capital90% to under 100%
Votes90% to under 100%
This company
Baltic Bulk A/S
CVR 45183912

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 10 Nov 2026.

Owned Companies

1 Danish company.

Baltic Bulk Shipinvest 1 ApS
SubsidiaryCVR 46420462100% of capital and votes

Found by searching the CVR owner register (ejerregister) for Baltic Bulk A/S as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Subsidiaries (datterselskaber): Pro: in the Pro plan, see pricingThe Danish companies it controls, followed down through their own subsidiaries.

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 2 companies; legal owners in the CVR owner register only. Dandex estimate, rule v3, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): Pro: in the Pro plan, see pricingHow long the current ultimate controller has held control, from the CVR owner register.
Group position (Koncernforhold): Has a parent, and a majority holding in one or more Danish companiesControlled by a company in CVR; it holds 50% or more of 1 Danish company. Dandex estimate, rule v2, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Pro: in the Pro plan, see pricingFor a holding company, the kind of asset that makes up half its balance sheet or more.
Signing authority, structured (Tegningsregel, struktureret): Two people must act togetherThe registered signing rule needs at least two people acting together. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (3)

Anders Nis SvarrerExecutive board since 6 Nov 2024, Board of directors since 6 Nov 2024
Peter Ronnie HulstrømBoard of directors since 31 Oct 2024
Lasse Jespersgaard HansenBoard of directors since 11 Jun 2026

Founders (1)

Baltic Bulk Holding ApSFounded 31 Oct 2024, holds a current role

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (4)

Thomas Holst OlsenBoard of directors 31 Oct 2024 to 6 Nov 2024
Mikkel SchmidtBoard of directors 31 Oct 2024 to 6 Nov 2024
Frederik Christian Rye LytzenBoard of directors 31 Oct 2024 to 6 Nov 2024
Thomas Wollmar Neeven ChristensenBoard of directors 6 Nov 2024 to 11 Jun 2026

Network

Roles Over Time

Peter Ronnie Hulstrøm: Board of directors, 31 Oct 2024 to today; Executive board, 31 Oct 2024 to 6 Nov 2024.
Anders Nis Svarrer: Executive board, 6 Nov 2024 to today; Board of directors, 6 Nov 2024 to today.
Lasse Jespersgaard Hansen: Board of directors, 11 Jun 2026 to today.

31 Oct 2024 to 10 Nov 2026.

Former (4)

Thomas Wollmar Neeven Christensen: Board of directors, 6 Nov 2024 to 11 Jun 2026.
Thomas Holst Olsen: Board of directors, 31 Oct 2024 to 6 Nov 2024.
Mikkel Schmidt: Board of directors, 31 Oct 2024 to 6 Nov 2024.
Frederik Christian Rye Lytzen: Board of directors, 31 Oct 2024 to 6 Nov 2024.

31 Oct 2024 to 10 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

EmployeesFTE

Aug 2026, monthly: 4 employees, 4 FTE

Show as Table

Registry headcount, Nov 2024 to Aug 2026, oldest left to newest right
Period	Nov 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Apr 2025	May 2025	Jun 2025	Jul 2025	Aug 2025	Sep 2025	Oct 2025	Nov 2025	Dec 2025	Jan 2026	Feb 2026	Mar 2026	Apr 2026	May 2026	Jun 2026	Jul 2026	Aug 2026
Employees	1	1	1	1	1	1	2	2	2	2	2	3	4	4	4	4	4	4	4	4	4	4
FTE	1	1	1	1	1	1	2	2	2	2	2	3	4	4	4	4	4	4	4	4	4	4
Series	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly

The legal entity's own headcount as CVR records it, not the annual report's average, which may cover a group. Monthly Nov 2024 to Aug 2026.

Latest Aug 2026, published 21 Oct 2026. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, USD thousands
Metric	2025
Gross profit	3,117
Operating profit	+2,672
Result for the year	+2,146
Equity	5,002
Total assets	13,070
Employees (average)	2
Credit metrics (Dandex calculations)
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)	Pro: in the Pro plan, see pricingEBITDA as a share of gross profit.
Net interest-bearing debt (NIBD, nettorentebærende gæld)	Pro: in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.
Gearing, NIBD / EBITDA	Pro: in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.
Interest coverage (rentedækning)	Pro: in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.
Adjusted equity ratio (justeret soliditetsgrad)	Pro: in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.
ROIC (afkast af investeret kapital)	Pro: in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.
Capex % of sales (investeringer i procent af omsætningen)	Pro: in the Pro plan, see pricingCapex as a share of revenue.
FCFF / EBITDA (pengestrømskonvertering)	Pro: in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.

USD thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group. 2025 covers 14 months (31 Oct 2024 to 31 Dec 2025).

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages. Gearing and interest coverage are multiples. Rows marked Pro hold a value in the Pro plan. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may.

Credit rating (kreditvurdering): Pro: in the Pro plan, see pricingA score from 0 to 100.
Capital loss (kapitaltab): Pro: in the Pro plan, see pricingNegative equity, or equity below half the share capital, in the latest report.
Filing deadline and punctuality (indsendelsesfrist): Pro: in the Pro plan, see pricingThe next annual report deadline.

Annual Reports

Annual report 2025
31 Oct 2024 to 31 Dec 2025, published 9 Mar 2026
XHTML

Financials

Changes

All changes

11 Jun 2026
Director change
Baltic Bulk A/S (CVR 45183912) har foretaget direktørskifte pr. 11. juni 2026: 1 indtrådt.
4 Jul 2025
Ownership change
Baltic Bulk A/S (CVR 45183912) har foretaget ejerskifte pr. 4. juli 2025: 2 indtrådt.
6 Nov 2024
Director change
Baltic Bulk A/S (CVR 45183912) har foretaget direktørskifte pr. 6. november 2024: 2 indtrådt.
31 Oct 2024
Director change
Baltic Bulk A/S (CVR 45183912) har foretaget direktørskifte pr. 31. oktober 2024: 1 indtrådt.
31 Oct 2024
Director change
Baltic Bulk A/S (CVR 45183912) har foretaget direktørskifte pr. 31. oktober 2024: 3 indtrådt.

Signals (signaler)

Pro: in the Pro plan, see pricingChanges worth a look, raised from the registry and new annual reports.

New leadership (Nyt lederskab), New company (Ny virksomhed), Ownership change (Ejerskifte), Relocation (Flytning), Growth surge (Vækstspurt), Headcount decline (Nedgang i ansatte), Restructuring (Omstrukturering), Industry change (Brancheskift), Board change (Bestyrelsesændring), Dissolution (Ophør), Distress warning (Risikoadvarsel), Fund investment (Fondsinvestering), Fund exit (Fondsexit), Fund board seat (Fondsbestyrelsespost).

Changes

Pro for This Company

The rows marked Pro on this page hold values in the Pro plan. For Baltic Bulk A/S, that is:

Credit and debt: Net interest-bearing debt, gearing, NIBD / EBITDA, interest coverage and adjusted equity ratio, for 2025.Credit rating, capital loss and filing deadline and punctuality.
Returns and cash flow: EBITDA / gross profit, ROIC, capex % of sales and FCFF / EBITDA, for 2025.
Advanced estimates: Control tenure, holding company assets and subsidiaries.
Signals and monitoring: Signals on this company, as Dandex raises them.

See the Pro plan

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Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af en direktør i forening med et medlem af bestyrelsen eller af den samlede bestyrelse.since 31 Oct 2024
Purpose (Formål): Selskabets formål er at drive shippingvirksomhed indenfor bulk-segmentet og anden virksomhed, der står i forbindelse hermed.since 31 Oct 2024
Audit opted out (Revision fravalgt): Nosince 31 Oct 2024
Articles of association last changed (Seneste vedtægtsdato): 25 Nov 2024
Share classes (Kapitalklasser): Nosince 25 Nov 2024
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 31 Oct 2024
Anti-money-laundering act (Hvidvaskloven): Not covered (Ikke omfattet)since 4 Nov 2024

Share Capital

Each registered value from the day it took effect, newest first.

25 Nov 2024500,000 DKK+100,000
31 Oct 2024400,000 DKKEarliest in CVR

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

5 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

12 Jun 2026
People change
Bestyrelse:
Fratrådte:
Thomas Wollmar Neeven Christensen, (næstformand), den 11.06.2026.
Tiltrådte:
Lasse Jespersgaard Hansen, den 11.06.2026.
25 Nov 2024
Capital change
Vedtægterne er yderligere ændret
Vedtægter ændret: 25.11.2024
Kapitalforhøjelsen er besluttet den 25.11.2024.
kr. 100.000,00, indbetalt kontant, kurs 20.055,28.
Kapitalen udgør herefter kr. 500.000,00.
25 Nov 2024
Capital change
Vedtægter ændret: 25.11.2024
6 Nov 2024
People change
Bestyrelse:
Fratrådte:
Peter Ronnie Hulstrøm, den 06.11.2024, Frederik Christian Rye Lytzen, den 06.11.2024, Thomas Holst Olsen, den 06.11.2024, Mikkel Schmidt, den 06.11.2024.
Tiltrådte:
Peter Ronnie Hulstrøm, (formand), den 06.11.2024, Anders Nis Svarrer, den 06.11.2024, Thomas Wollmar Neeven Christensen, (næstformand), den 06.11.2024.
Direktion:
Show the full announcement
Fratrådte:
Peter Ronnie Hulstrøm, (adm. dir), den 06.11.2024.
Tiltrådte:
Anders Nis Svarrer, (adm. dir), den 06.11.2024.
4 Nov 2024
New company
Stiftelsesdato: 31.10.2024.
Virkningsdato: 31.10.2024.
Seneste vedtægtsdato: 31.10.2024.
Kapital:
kr. 400.000,00.
Kapitalklasser: Nej
Show the full announcement
Indbetalingsmåde: Indbetalt kontant kr. 400.000,00 til kurs 100,00, fuldt indbetalt.
Stifter:
CVR-NR. 45178625 Baltic Bulk Holding 1 ApS, c/o Baltic Shipping Company A/S, Frederiksbro Torv 4, 1., 3400 Hillerød, den 31.10.2024.
Bestyrelse:
Peter Ronnie Hulstrøm, den 31.10.2024, Frederik Christian Rye Lytzen, den 31.10.2024, Thomas Holst Olsen, den 31.10.2024, Mikkel Schmidt, den 31.10.2024.
Direktion:
Peter Ronnie Hulstrøm, (adm. dir), den 31.10.2024.
Selskabet tegnes af en direktør i forening med et medlem af bestyrelsen eller af den samlede bestyrelse.
Revision:
CVR-NR. 33771231 PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, Strandvejen 44, 2900 Hellerup, den 31.10.2024.
Første regnskabsår:
31.10.2024 - 31.12.2025.
Regnskabsår:
01.01 - 31.12.
Formål:
Selskabets formål er at drive shippingvirksomhed indenfor bulk-segmentet og anden virksomhed, der står i forbindelse hermed.

Registrations (Registreringer)

Registration

Address: Frederiksbro Torv 4
3400 Hillerød
Hillerød Municipality
CVR record last changed: 17 Jul 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

Baltic Bulk A/S
P-number 1030803074Frederiksbro Torv 4, 3400 Hillerød

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Control Chain

Owned Companies

Dandex Estimates

People

Current (3)

Founders (1)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Signals (signaler)

Changes

Pro for This Company

Registry Facts

Share Capital

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Owned Companies

Dandex Estimates

Current (3)

Founders (1)

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Headcount

Financials

Annual Reports

Changes

Signals (signaler)

Pro for This Company

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies