Spinnaker Nordic ApS Due Diligence

Run due diligence on Spinnaker Nordic ApS: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by PAAG HOLDINGS ApS (Denmark) · spinnakernordic.com · 56 vendors

Spinnaker Nordic ApS is a Copenhagen-based digital agency offering services in digital marketing, insourcing, e-commerce, and lead generation. They provide solutions including SEO, social media advertising, programmatic advertising, Shopify development, CRO, and tag management. The company operates with offices in Copenhagen, Berlin, and Singapore, combining human expertise with AI to deliver measurable marketing results.

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Last updated 2026-10-01 · revision 76

56 direct vendors, 319 subvendors

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Subvendors by controlling owner country (sample)

Compliance

9 in-scope frameworks identified; showing 3.

ePrivacy Directive — Evidence found

The company operates a website within the EU that uses cookies for tracking and advertising purposes, making the directive, as implemented in Danish law, directly applicable.

Evidence: https://spinnakernordic.com/cookies-og-privatlivspolitik/, https://digitalagencynetwork.com/agency/spinnaker-nordic/, https://spinnakernordic.com/en, https://www.trade.gov/country-commercial-guides/denmark-ecommerce, https://spinnakernordic.com/en/pages/kontakt

GDPR (source) — Evidence found

The company is established in Denmark (EU) and processes personal data of individuals, including website visitors, customers, and employees, making GDPR directly applicable.

Evidence: https://spinnakernordic.com/cookies-og-privatlivspolitik/

NIS2 (source) — No public evidence

The company's work as a 'digital provider' could fall under NIS2. However, with an estimated 30 employees, it is below the 50-employee threshold for a medium-sized entity and is unlikely to meet the EUR 10M turnover threshold.

Evidence: https://www.paag.dk/cv-resume/

Financials

Three-year financials

Financial Resilience Score: 5/10

Spinnaker Nordic ApS presents a mixed resilience profile. On the positive side, the company has steadily improved its balance sheet quality despite a shrinking P&L: equity has grown each of the last three years (DKK 971K → 1,170K → 1,480K), solvency has risen from 31.4% in FY22/23 to 50.1% in FY24/25, and liquidity is strong at 194.6%. The firm returned to profitability after the FY22/23 loss and has sustained modest net profits for two consecutive years, demonstrating disciplined cost management. However, significant risks weigh against these strengths. Gross profit has fallen roughly 54% since FY21/22 (from DKK 9.09M to DKK 4.22M), representing a sustained multi-year contraction. Absolute equity remains very thin at DKK 1.48M on a small balance sheet of DKK 2.95M, leaving little buffer against client loss or receivable write-offs. Headcount has nearly halved from 18 to 9 average FTEs, with current CVR-registered employees at just 4, creating acute key-person risk. The company operates standalone with no subsidiaries and only a holding-company parent, offering no group buffer. Overall, the firm shows adaptive management but operates at a scale where resilience is fragile.

Key strengths: Equity growth for three consecutive years (DKK 971K → 1,480K), Solvency ratio improved from 31.4% to 50.1%, Strong liquidity ratio of 194.6%, Returned to profitability after FY22/23 loss, Asset-light consultancy model enabling cost flexibility, Premier Google Partner certification, Diversified service portfolio across digital marketing disciplines

Risk factors: Gross profit declined ~54% since FY21/22, Very thin absolute equity (DKK 1.48M) and small balance sheet (DKK 2.95M), Headcount reduced from 18 to 9 FTEs, now only 4 registered, Key-person risk with small team, No disclosed revenue limits external credit assessment, Highly competitive Danish digital marketing agency market, Pricing pressure from in-housing and AI-enabled self-service tools, No subsidiaries or group buffer - operates standalone

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