CVR: 30720121
Secondary names: Shadow Group ApS
Previous names: THE ARMY-PAINTER ApS
DKK 96,687,279
Gross profit
Net result: DKK 36,868,057
The Army Painter Group ApS
CVR · view ownership and management
Director registered: Palle Børlum Winther
CVR · 25/06/2024
View the full event history
The Army Painter ApS is a Danish company of the type Anpartsselskab based in Skanderborg, founded in 2007. The company is registered under the industry Detailhandel med andre kulturelle artikler i.a.n. The company was previously named THE ARMY-PAINTER ApS. The management consists of Palle Børlum Winther and Henning Nielsen. The company is owned by The Army Painter Group ApS. The company has 52 employees (2018). In 2025, the company reported a gross profit of DKK 96,687,279 and a net result of DKK 36,868,057 compared with DKK 37,623,342 the year before. Equity in the 2025 report amounted to DKK 68,362,133.
Source: annual report 2025, Danish Business Authority
The Army Painter ApS exhibits strong financial health, characterized by consistent profitability and growing gross profits over the past five years. Gross profit increased from 61.4 million DKK in 2021 to 96.7 million DKK in 2025, while profits have remained robust, peaking at 37.6 million DKK in 2024. Equity has also shown a positive trajectory, rising from 36.3 million DKK in 2021 to 68.4 million DKK in 2025, indicating a solid financial foundation. However, the absence of revenue figures raises questions about overall sales performance, and the company should focus on transparency to strengthen its market position within the cultural retail sector.
AI-generated summary · Generated 16/08/2026
Selskabets formål er at drive virksomhed indenfor specialiserede hobbyprodukter og hobbymaling til detailhandel og distributører i hele verden.
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 96.7 mio. | 36.9 mio. | 137.3 mio. | 68.4 mio. | 78 | |
| 202401/01/2024 – 31/12/2024 | 84.4 mio. | 37.6 mio. | 98.3 mio. | 66.5 mio. | 62 | |
| 202301/01/2023 – 31/12/2023 | 72.6 mio. | 30.9 mio. | 102.3 mio. | 53.9 mio. | 62 | |
| 202201/01/2022 – 31/12/2022 | 74.6 mio. | 36.1 mio. | 68.1 mio. | 39.4 mio. | 55 | |
| 202101/01/2021 – 31/12/2021 | 61.4 mio. | 26.6 mio. | 73.8 mio. | 36.3 mio. | 57 | |
| 202001/01/2020 – 31/12/2020 | 43.8 mio. | 18.2 mio. | 53.5 mio. | 21.7 mio. | 38 | |
| 201901/01/2019 – 31/12/2019 | 23.6 mio. | 9 mio. | 19.6 mio. | 16.5 mio. | 22 | |
| 201801/01/2018 – 31/12/2018 | 16.6 mio. | 5.3 mio. | 17.7 mio. | 10.6 mio. | 17 | |
| 201701/01/2017 – 31/12/2017 | 3.4 mio. | 1.3 mio. | 5.8 mio. | 1.5 mio. | 1 | |
| 201601/01/2016 – 31/12/2016 | 3 mio. | 1.2 mio. | 4.9 mio. | 1.5 mio. | 1 | |
| 201501/01/2015 – 31/12/2015 | 2.7 mio. | 26 t. | 2.8 mio. | 323 t. | - | |
| 201401/01/2014 – 31/12/2014 | 2.4 mio. | 75 t. | 1.7 mio. | 297 t. | - | |
| 201301/01/2013 – 31/12/2013 | 1.6 mio. | 98 t. | 1.6 mio. | 223 t. | - | |
| 201201/01/2012 – 31/12/2012 | 2.2 mio. | 23 t. | 1.2 mio. | 1.1 mio. | - |
Compared to 61 companies in Detailhandel med andre kulturelle artikler i.a.n
Comparison is based on industry median values
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Set up monitoringThe Army Painter ApS was founded on 5 July 2007.
The Army Painter ApS is registered under the industry Detailhandel med andre kulturelle artikler i.a.n (industry code 476990).
The Army Painter ApS had 52 employees in 2018 according to the Danish CVR register.
The Army Painter ApS is owned by The Army Painter Group ApS.
In 2025, The Army Painter ApS reported a gross profit of DKK 96,687,279.
The management of The Army Painter ApS consists of Palle Børlum Winther and Henning Nielsen.
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Contact info changed: new phone: 28911656, new email: [email protected] (April 1, 2026).
Address changed to Niels Bohrs Vej 34, 8660 Skanderborg (March 25, 2026).
Contact info changed: new phone: 28911656, new email: [email protected] (March 25, 2026).
The Army Painter ApS has published its annual report for 2025. Gross profit came to DKK 96,687,279, and the net result was DKK 36,868,057.
As of August 13, 2025, Bo Mørck has joined the board of directors of The Army Painter ApS.
As of August 13, 2025, Line Nymann Penstoft has left the board of directors of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2024. Gross profit came to DKK 84,394,179, and the net result was DKK 37,623,342.
As of June 25, 2024, Palle Børlum Winther is registered as director of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2023. Gross profit came to DKK 72,554,463, and the net result was DKK 30,932,877.
As of February 19, 2024, Line Nymann Penstoft has stepped down as adm. dir. of The Army Painter ApS.
As of February 15, 2024, Henning Nielsen is registered as adm. dir. of The Army Painter ApS.
As of September 6, 2023, Søren Torp Laursen has joined the board of directors of The Army Painter ApS.
As of September 6, 2023, Jens Jørgen Hahn-Petersen has joined the board of directors of The Army Painter ApS.
As of September 6, 2023, Joachim Lindkvist has left the board of directors of The Army Painter ApS.
As of September 5, 2023, Jens Jørgen Hahn-Petersen has left the board of directors of The Army Painter ApS.
As of August 25, 2023, Line Nymann Penstoft is registered as adm. dir. of The Army Painter ApS.
As of August 25, 2023, Sten Dyrmose has stepped down as adm. dir. of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2022. Gross profit came to DKK 74,635,758, and the net result was DKK 36,134,682.
As of May 3, 2023, Jeppe Kallesøe Odefey has joined the board of directors of The Army Painter ApS.
As of April 24, 2023, Sten Dyrmose is registered as adm. dir. of The Army Painter ApS.
As of April 24, 2023, Bo Mørck has stepped down as director of The Army Painter ApS.
As of January 10, 2023, Line Nymann Penstoft has joined the board of directors of The Army Painter ApS.
As of January 10, 2023, Lars Prisak has joined the board of directors of The Army Painter ApS.
As of January 10, 2023, Jens Jørgen Hahn-Petersen has joined the board of directors of The Army Painter ApS.
As of January 10, 2023, Lasse Hadberg Lynge has joined the board of directors of The Army Painter ApS.
As of January 10, 2023, Joachim Lindkvist has joined the board of directors of The Army Painter ApS.
As of January 10, 2023, The Army Painter Group ApS is registered as an owner of The Army Painter ApS with an ownership share of 100%.
On October 20, 2022, the company changed its name from THE ARMY-PAINTER ApS to The Army Painter ApS.
The Army Painter ApS has published its annual report for 2021. Gross profit came to DKK 61,356,029, and the net result was DKK 26,584,240.
The Army Painter ApS has published its annual report for 2020. Gross profit came to DKK 43,754,430, and the net result was DKK 18,175,834.
As of November 20, 2020, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of The Army Painter ApS.
As of November 20, 2020, Beierholm Godkendt Revisionspartnerselskab has stepped down as auditor of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2019. Gross profit came to DKK 23,643,357, and the net result was DKK 8,981,384.
As of June 7, 2020, Bo Mørck is registered as director of The Army Painter ApS.
As of June 7, 2020, Jonas Kristian Færing has stepped down as director of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2018. Gross profit came to DKK 16,603,878, and the net result was DKK 5,301,077.
The Army Painter ApS has published its annual report for 2017. Gross profit came to DKK 3,388,144, and the net result was DKK 1,346,124.
As of December 15, 2017, Beierholm Godkendt Revisionspartnerselskab has been appointed auditor of The Army Painter ApS.
As of December 15, 2017, Kreston SR STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2016. Gross profit came to DKK 2,993,381, and the net result was DKK 1,201,268.
As of December 6, 2016, Kreston SR STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of The Army Painter ApS.
As of December 6, 2016, Revision Ry & Hammel Godkendt Revisionsaktieselskab has stepped down as auditor of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2015. Gross profit came to DKK 2,654,505, and the net result was DKK 25,780.
The Army Painter ApS has published its annual report for 2014. Gross profit came to DKK 2,416,507, and the net result was DKK 74,569.
The Army Painter ApS has published its annual report for 2013. Gross profit came to DKK 1,634,587, and the net result was DKK 97,581.
As of April 29, 2014, Bo Mørck has stepped down as director of The Army Painter ApS.
As of December 10, 2013, Revision Ry & Hammel Godkendt Revisionsaktieselskab has been appointed auditor of The Army Painter ApS.
As of December 10, 2013, ALKE 2019 APS has stepped down as auditor of The Army Painter ApS.
The Army Painter ApS has published its annual report for 2012. Gross profit came to DKK 2,212,384, and the net result was DKK 22,973.
As of March 12, 2012, ALKE 2019 APS has been appointed auditor of The Army Painter ApS.
As of March 12, 2012, REVISORERNE I/S has stepped down as auditor of The Army Painter ApS.
As of May 26, 2009, REVISORERNE I/S has been appointed auditor of The Army Painter ApS.
As of May 26, 2009, KOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSAKTIESELSKAB has stepped down as auditor of The Army Painter ApS.
As of December 1, 2008, KOVSTED & SKOVGÅRD, REVISION & RÅDGIVNING, STATSAUTORISERET REVISIONSAKTIESELSKAB has been appointed auditor of The Army Painter ApS.
As of December 1, 2008, PBH NR. 22.872 ApS has stepped down as auditor of The Army Painter ApS.
As of July 5, 2007, PBH NR. 22.872 ApS has been appointed auditor of The Army Painter ApS.
As of July 5, 2007, Jonas Kristian Færing is registered as director of The Army Painter ApS.
As of July 5, 2007, Bo Mørck is registered as director of The Army Painter ApS.
The Army Painter ApS was founded on July 5, 2007.
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