CVR: 36068280
Secondary names: KH MASKINVÆRKSTED ApS, KH Maskinfabrik ApS
Previous names: KH MASKINVÆRKSTED ApS, KH MASKINFABRIK ApS
DKK 3,867,658
Gross profit
Net result: DKK -11,701,828
OCEAN PRAWNS A/S
CVR · view ownership and management
Name registered: Baltic Steelwork ApS
CVR · 25/03/2026
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Baltic Steelwork ApS is a Danish company of the type Anpartsselskab based in Rønne, founded in 2014. The company is registered under the industry Fremstilling af rør, hule profiler og tilhørende fittings af stål. The company was previously named KH MASKINFABRIK ApS and KH MASKINVÆRKSTED ApS. The management consists of Per Munch Jensen. The company is owned by OCEAN PRAWNS A/S. The company has 23 employees (2018). In 2025, the company reported a gross profit of DKK 3,867,658 and a net result of DKK -11,701,828 compared with DKK -9,211,531 the year before. Equity in the 2025 report amounted to DKK 2,817,016.
Source: annual report 2025, Danish Business Authority
The financial health of Baltic Steelwork ApS shows a fluctuating trajectory, with notable improvements in gross profit over recent years, peaking at 16,467,856 DKK in 2023. However, the company has faced significant profitability challenges, recording losses in 2021, 2024, and 2025, with a concerning profit of -11,701,828 DKK in 2025. Equity has been volatile, transitioning from negative to positive values, indicating a recovery phase, yet it remains low at 2,817,016 DKK as of 2025. The company operates within the steel manufacturing sector, where it has demonstrated the ability to generate substantial gross profits, but its overall financial stability is hindered by inconsistent profitability and a precarious equity position.
AI-generated summary · Generated 13/08/2026
Selskabets formål er fremstilling og salg af stålkonstuktioner og dertil hørende produkter.
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 | 3.9 mio. | -11.7 mio. | 21.4 mio. | 2.8 mio. | 29 | |
| 202401/01/2024 – 31/12/2024 | 5.5 mio. | -9.2 mio. | 20.3 mio. | -8.4 mio. | 26 | |
| 202301/01/2023 – 31/12/2023 | 16.5 mio. | 721 t. | 26.5 mio. | 2.5 mio. | 30 | |
| 202201/01/2022 – 31/12/2022 | 14.4 mio. | 1.6 mio. | 24.4 mio. | 1.8 mio. | 26 | |
| 202101/01/2021 – 31/12/2021 | 6.6 mio. | -3.2 mio. | 20.9 mio. | 185 t. | 24 | |
| 202001/01/2020 – 31/12/2020 | 10.6 mio. | 43 t. | 16.9 mio. | 3.4 mio. | 25 | |
| 201901/01/2019 – 31/12/2019 | 7.7 mio. | -2.5 mio. | 9.5 mio. | 2 mio. | 25 | |
| 201801/01/2018 – 31/12/2018 | 6.7 mio. | 439 t. | 8 mio. | 512 t. | - | |
| 201701/01/2017 – 31/12/2017 | 8.6 mio. | 641 t. | 6.5 mio. | 73 t. | - | |
| 201601/01/2016 – 31/12/2016 | 5.9 mio. | 898 t. | 4.8 mio. | -568 t. | 13 |
Compared to 40 companies in Fremstilling af rør, hule profiler og tilhørende fittings af stål
Comparison is based on industry median values
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Try the lead list generatorBaltic Steelwork ApS was founded on 20 August 2014.
Baltic Steelwork ApS is registered under the industry Fremstilling af rør, hule profiler og tilhørende fittings af stål (industry code 242000).
Baltic Steelwork ApS had 23 employees in 2018 according to the Danish CVR register.
Baltic Steelwork ApS is owned by OCEAN PRAWNS A/S.
In 2025, Baltic Steelwork ApS reported a gross profit of DKK 3,867,658.
The management of Baltic Steelwork ApS consists of Per Munch Jensen.
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Baltic Steelwork ApS has published its annual report for 2025. Gross profit came to DKK 3,867,658, and the net result was DKK -11,701,828.
As of July 8, 2026, Steen Nielsen has left the board of directors of Baltic Steelwork ApS.
On March 25, 2026, the company changed its name from KH MASKINFABRIK ApS to Baltic Steelwork ApS.
As of January 1, 2026, Per Munch Jensen is registered as adm. dir. of Baltic Steelwork ApS.
As of December 31, 2025, Steen Nielsen has stepped down as director of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2024. Gross profit came to DKK 5,504,430, and the net result was DKK -9,211,531.
As of June 25, 2025, OCEAN PRAWNS A/S is registered as an owner of Baltic Steelwork ApS with an ownership share of 100%.
As of June 23, 2025, Steen Nielsen has joined the board of directors of Baltic Steelwork ApS.
As of June 23, 2025, Daniel Barslund has joined the board of directors of Baltic Steelwork ApS.
As of June 23, 2025, Mads Boss has joined the board of directors of Baltic Steelwork ApS.
As of June 23, 2025, Per Kofod has joined the board of directors of Baltic Steelwork ApS.
As of June 23, 2025, Claus Duevang has left the board of directors of Baltic Steelwork ApS.
As of June 23, 2025, Steen Nielsen is registered as director of Baltic Steelwork ApS.
As of June 23, 2025, Claus Duevang has stepped down as director of Baltic Steelwork ApS.
As of June 22, 2025, Steen Nielsen has left the board of directors of Baltic Steelwork ApS.
As of June 22, 2025, Daniel Barslund has left the board of directors of Baltic Steelwork ApS.
As of December 12, 2024, Rønne Revision I/S has been appointed auditor of Baltic Steelwork ApS.
As of December 12, 2024, Bornholms Revision A/S has stepped down as auditor of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2023. Gross profit came to DKK 16,467,856, and the net result was DKK 721,153.
As of February 16, 2024, Jim Frausing has left the board of directors of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2022. Gross profit came to DKK 14,393,237, and the net result was DKK 1,581,919.
As of November 22, 2022, Steen Nielsen has joined the board of directors of Baltic Steelwork ApS.
As of November 22, 2022, Daniel Barslund has joined the board of directors of Baltic Steelwork ApS.
As of November 22, 2022, Per Kofod has left the board of directors of Baltic Steelwork ApS.
As of November 21, 2022, Daniel Barslund has left the board of directors of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2021. Gross profit came to DKK 6,640,146, and the net result was DKK -3,235,956.
Baltic Steelwork ApS has published its annual report for 2020. Gross profit came to DKK 10,589,171, and the net result was DKK 42,969.
Baltic Steelwork ApS has published its annual report for 2019. Gross profit came to DKK 7,653,625, and the net result was DKK -2,545,519.
On May 5, 2020, the company changed its name from KH MASKINVÆRKSTED ApS to KH MASKINFABRIK ApS.
As of March 19, 2019, Bornholms Revision A/S has been appointed auditor of Baltic Steelwork ApS.
As of March 19, 2019, ADVISOR-REVISION STATSAUTORISERET REVISIONSANPARTSSELSKAB has stepped down as auditor of Baltic Steelwork ApS.
As of March 19, 2019, Jim Frausing has joined the board of directors of Baltic Steelwork ApS.
As of March 19, 2019, Daniel Barslund has joined the board of directors of Baltic Steelwork ApS.
As of March 19, 2019, Claus Duevang has joined the board of directors of Baltic Steelwork ApS.
As of March 19, 2019, Per Kofod has joined the board of directors of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2018. Gross profit came to DKK 6,662,823, and the net result was DKK 438,927.
Baltic Steelwork ApS has published its annual report for 2017. Gross profit came to DKK 8,625,139, and the net result was DKK 640,968.
As of March 7, 2018, ADVISOR-REVISION STATSAUTORISERET REVISIONSANPARTSSELSKAB has been appointed auditor of Baltic Steelwork ApS.
As of March 7, 2018, Bornholms Revision A/S has stepped down as auditor of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its annual report for 2016. Gross profit came to DKK 5,906,288, and the net result was DKK 898,485.
As of October 28, 2016, Bornholms Revision A/S has been appointed auditor of Baltic Steelwork ApS.
As of October 28, 2016, Risegaard has stepped down as auditor of Baltic Steelwork ApS.
Baltic Steelwork ApS has published its interim report for the period August 20, 2014 – December 31, 2015.
As of August 20, 2014, Risegaard has been appointed auditor of Baltic Steelwork ApS.
As of August 20, 2014, Claus Duevang is registered as director of Baltic Steelwork ApS.
Baltic Steelwork ApS was founded on August 20, 2014.
