CVR: 77666311
Secondary names: Nordship Yachts ApS, Faurby Yacht ApS, Nordic Cruiser ApS
Previous names: BUCHWALD YACHTVÆRFT ApS, BUCHWALD YACHTS ApS, NORDSHIP YACHTS ApS
DKK 7,918,894
Gross profit
Net result: DKK -2,045,135
Hougaard 2010 ApS, BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG
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CVR · view ownership and management
Owner registered: Hougaard 2010 ApS
CVR · 18/12/2024
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True Boat Builders ApS is a Danish company of the type Anpartsselskab based in Lunderskov, founded in 1985. The company is registered under the industry Bygning af både til fritid og sport. The company was previously named NORDSHIP YACHTS ApS and BUCHWALD YACHTS ApS. The management consists of Thomas Dan Hougaard. The company's owners include Hougaard 2010 ApS, BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG and Nicholas Paul Shepherd. The company has 23 employees (2018). In 2025, the company reported a gross profit of DKK 7,918,894 and a net result of DKK -2,045,135 compared with DKK -864,171 the year before. Equity in the 2025 report amounted to DKK -1,370,696.
Source: annual report 2025, Danish Business Authority
The financial health of True Boat Builders ApS shows a concerning trend, with consistent losses over the past five years, culminating in a profit loss of -2,045,135 DKK in 2025. Gross profit has declined from 10,973,488 DKK in 2022 to 7,918,894 DKK in 2025, indicating a downward trajectory in profitability. Equity has also deteriorated significantly, dropping from 3,532,888 DKK in 2021 to -1,370,696 DKK in 2025, raising concerns about the company's financial stability. Despite its long-standing presence in the leisure and sports boat building industry since 1985, the company faces challenges in maintaining a sustainable operational model and profitability.
AI-generated summary · Generated 16/08/2026
Selskabets formål er er at drive handel og fabrikation og anden virksomhed, der efter bestyrelsens skøn står i forbindelse hermed.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/10/2024 – 30/09/2025 | - | -2 mio. | 19.7 mio. | -1.4 mio. | 18 | |
| 202401/10/2023 – 30/09/2024 | - | -864 t. | 19.2 mio. | 132 t. | 16 | |
| 202301/10/2022 – 30/09/2023 | - | -920 t. | 17.6 mio. | 1.2 mio. | 16 | |
| 202201/10/2021 – 30/09/2022 | - | -1.4 mio. | 21.3 mio. | 2.1 mio. | 20 | |
| 202101/10/2020 – 30/09/2021 | - | -484 t. | 19.9 mio. | 3.5 mio. | 16 | |
| 202001/10/2019 – 30/09/2020 | - | 672 t. | 20 mio. | 4.1 mio. | 22 | |
| 201901/07/2018 – 30/06/2019 | - | 765 t. | 21.3 mio. | 3.5 mio. | 15 | |
| 201801/07/2017 – 30/06/2018 | - | -932 t. | 19.6 mio. | 3.4 mio. | 21 | |
| 201701/07/2016 – 30/06/2017 | - | 1.1 mio. | 15.9 mio. | 5.6 mio. | 12 | |
| 201601/07/2015 – 30/06/2016 | - | 1 mio. | 15 mio. | 4.2 mio. | - | |
| 201501/07/2014 – 30/06/2015 | - | 237 t. | 14.6 mio. | 3.2 mio. | - | |
| 201401/07/2013 – 30/06/2014 | - | -386 t. | 12.9 mio. | 3 mio. | - | |
| 201301/07/2012 – 30/06/2013 | 13.2 mio. | -36 t. | 15.3 mio. | 4.3 mio. | - |
Compared to 28 companies in Bygning af både til fritid og sport
Comparison is based on industry median values
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Set up monitoringTrue Boat Builders ApS was founded on 9 May 1985.
True Boat Builders ApS is registered under the industry Bygning af både til fritid og sport (industry code 301200).
True Boat Builders ApS had 23 employees in 2018 according to the Danish CVR register.
The owners of True Boat Builders ApS include Hougaard 2010 ApS, BONN-HALLESCHE Immobilienservice & Projektentwicklungs AG and Nicholas Paul Shepherd.
In 2025, True Boat Builders ApS reported a gross profit of DKK 7,918,894.
The management of True Boat Builders ApS consists of Thomas Dan Hougaard.
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True Boat Builders ApS has published its annual report for 2025. Gross profit came to DKK 7,918,894, and the net result was DKK -2,045,135.
Contact info changed: new phone: 75559155 (April 8, 2026).
As of March 31, 2026, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of True Boat Builders ApS.
As of March 31, 2026, BDO Statsautoriseret Revisionspartnerselskab has stepped down as auditor of True Boat Builders ApS.
As of August 13, 2025, BDO Statsautoriseret Revisionspartnerselskab has been appointed auditor of True Boat Builders ApS.
As of August 13, 2025, A/S PSE 17 NR. 1056 has stepped down as auditor of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2024. Gross profit came to DKK 9,004,647, and the net result was DKK -864,171.
As of December 18, 2024, Hougaard 2010 ApS is registered as an owner of True Boat Builders ApS with an ownership share of 50%.
As of December 18, 2024, is registered as an owner of True Boat Builders ApS with an ownership share of 10%.
As of December 18, 2024, is registered as an owner of True Boat Builders ApS with an ownership share of 15%.
As of December 18, 2024, is registered as an owner of True Boat Builders ApS with an ownership share of 15%.
True Boat Builders ApS has published its annual report for 2023. Gross profit came to DKK 9,420,770, and the net result was DKK -919,997.
As of November 29, 2023, Ove Georg Rasmussen has left the board of directors of True Boat Builders ApS.
As of November 29, 2023, Thomas Dan Hougaard has left the board of directors of True Boat Builders ApS.
As of November 29, 2023, Paul Enevold Jørgensen has left the board of directors of True Boat Builders ApS.
As of November 8, 2023, Lars Paaske Buchwald has left the board of directors of True Boat Builders ApS.
As of October 1, 2023, Lars Paaske Buchwald has stepped down as director of True Boat Builders ApS.
As of September 26, 2023, A/S PSE 17 NR. 1056 has been appointed auditor of True Boat Builders ApS.
As of September 26, 2023, Beierholm Godkendt Revisionspartnerselskab has stepped down as auditor of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2022. Gross profit came to DKK 10,973,488, and the net result was DKK -1,446,077.
True Boat Builders ApS has published its annual report for 2021. Gross profit came to DKK 10,599,579, and the net result was DKK -484,057.
True Boat Builders ApS has published its annual report for 2020. Gross profit came to DKK 10,161,640, and the net result was DKK 672,070.
True Boat Builders ApS has published its interim report for the period July 1, 2019 – September 30, 2019.
As of January 9, 2020, Paul Enevold Jørgensen has joined the board of directors of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2019. Gross profit came to DKK 10,920,317, and the net result was DKK 764,996.
As of November 13, 2019, Kai Smith has left the board of directors of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2018. Gross profit came to DKK 7,132,960, and the net result was DKK -932,327.
As of December 27, 2018, Thomas Dan Hougaard has joined the board of directors of True Boat Builders ApS.
As of December 27, 2018, Jette Christiansen has left the board of directors of True Boat Builders ApS.
On December 27, 2018, the company changed its name from NORDSHIP YACHTS ApS to True Boat Builders ApS.
As of January 1, 2018, Thomas Dan Hougaard is registered as director of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2017. Gross profit came to DKK 11,962,045, and the net result was DKK 1,137,460.
True Boat Builders ApS has published its annual report for 2016. Gross profit came to DKK 8,834,636, and the net result was DKK 1,018,376.
As of May 1, 2016, Beierholm Godkendt Revisionspartnerselskab has been appointed auditor of True Boat Builders ApS.
As of May 1, 2016, RSM PLUS P/S STATSAUTORISEREDE REVISORER has stepped down as auditor of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2015. Gross profit came to DKK 5,843,037, and the net result was DKK 237,236.
As of August 31, 2015, RSM PLUS P/S STATSAUTORISEREDE REVISORER has been appointed auditor of True Boat Builders ApS.
As of August 31, 2015, BAKER TILLY DENMARK GODKENDT REVISIONSAKTIESELSKAB has stepped down as auditor of True Boat Builders ApS.
True Boat Builders ApS has published its annual report for 2014. Gross profit came to DKK 3,011,628, and the net result was DKK -385,853.
True Boat Builders ApS has published its annual report for 2013. Revenue came to DKK 13,223,112, and the net result was DKK -35,997.
As of October 1, 2013, BAKER TILLY DENMARK GODKENDT REVISIONSAKTIESELSKAB has been appointed auditor of True Boat Builders ApS.
As of October 1, 2013, FCMP INVEST ApS has stepped down as auditor of True Boat Builders ApS.
As of April 8, 2009, Kai Smith has joined the board of directors of True Boat Builders ApS.
As of April 8, 2009, Ove Georg Rasmussen has joined the board of directors of True Boat Builders ApS.
As of February 7, 2007, FCMP INVEST ApS has been appointed auditor of True Boat Builders ApS.
As of February 7, 2007, Find Brødsgaard Schmidt has stepped down as auditor of True Boat Builders ApS.
On November 29, 2004, the company changed its name from BUCHWALD YACHTS ApS to NORDSHIP YACHTS ApS.
On January 20, 1996, the company changed its name from BUCHWALD YACHTVÆRFT ApS to BUCHWALD YACHTS ApS.
As of May 9, 1985, Find Brødsgaard Schmidt has been appointed auditor of True Boat Builders ApS.
As of May 9, 1985, Jette Christiansen has joined the board of directors of True Boat Builders ApS.
As of May 9, 1985, Lars Paaske Buchwald has joined the board of directors of True Boat Builders ApS.
As of May 9, 1985, Lars Paaske Buchwald is registered as director of True Boat Builders ApS.
True Boat Builders ApS was founded on May 9, 1985.
