The club was founded in 1931 by the merging of Holbæk Idrætsforening and Holbæk Boldklub, after a period where Holbæk Idrætsforening had some success in regional championships. The quality of the team had declined, however, since the year 1924 where some members broke out to found Holbæk Boldklub. The reason among others for that move being that cricket was still a part of the club's activities. But on 4 August 1931 the two clubs in the rather small town decided to become one – leaving cricket on the side line.