Boulders ApS
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Boulders ApS - overview
Established
2009
Location
Aarhus, -, Denmark
Primary Industry
Travel & Leisure
About
Based in Denmark, Boulders ApS specializes in providing climbing facilities and services, focusing on creating a vibrant community around bouldering and fitness activities for enthusiasts of all levels. Founded in 2009 in Aarhus, Denmark, Boulders ApS operates bouldering gyms catering to a diverse clientele. The company has engaged in one deal, with the most recent acquisition occurring on September 15, 2025, when Verlinvest acquired a majority stake, integrating Boulders into the Global Climbing Platform. Boulders.
dk is a leading provider of bouldering facilities in Denmark, fostering a climbing community through its network of gyms. The company offers a range of services including bouldering sessions, fitness classes, crash courses for beginners, and youth climbing programs, accommodating climbers of all skill levels. Boulders operates multiple locations in major cities such as Aarhus, Odense, and Copenhagen, promoting accessibility and inclusivity in the sport of climbing. Boulders.
dk generates revenue primarily through membership subscriptions and pay-per-visit fees for bouldering sessions. Customers can access various membership plans offering unlimited access across locations, alongside the sale of climbing-related merchandise through their webshop, enhancing customer engagement and brand loyalty. Following the acquisition in September 2025, Boulders ApS plans to leverage its integration into the Global Climbing Platform to broaden its geographic reach and increase participation in climbing. The acquisition aims to diversify revenue streams, supporting future growth initiatives.
Specific details regarding new product launches or expansion into additional markets have not been disclosed.
Current Investors
Verlinvest
Primary Industry
Travel & Leisure
Sub Industries
Education & Training Services, Fitness & Wellness Facilities
Website
www.boulders.dk
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Boulders ApS - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | - | - | - | - | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EBITDA (USD) | 144,205 | 861,141 | 1,537,042 | 1,652,432 | 2,405,971 | 2,372,694 | 3,349,491 | - | - | - |
| Operating Income (USD) | (320,559) | 302,700 | 735,278 | 833,223 | 1,460,751 | 1,232,121 | 1,386,365 | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| % EBITDA Margin | - | - | - | - | - | - | - | - | - | - |
| NET Income (USD) | (444,484) | 37,727 | 394,236 | 536,759 | 1,095,712 | 842,878 | 961,749 | - | - | - |
| % Net Margin | - | - | - | - | - | - | - | - | - | - |
Boulders ApS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Boulders ApS | - | ||||||||
| Buyout | Completed | Boulders ApS | - |
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