ARCTIC VVS A/S

CVR 10144205 · Public limited company (A/S) · Active · Very high risk

ARCTIC VVS A/S is a Public limited company (A/S), founded on , based in Maniitsoq. The company is registered in the industry installation af vvs-, varme- og klimaanlæg. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 times the average for Danish companies. 9 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 304k and a net result of DKK -175k. CEO: Niels-Christian Engdal Steffensen.

Bankruptcy risk for ARCTIC VVS A/S

7.8%
probability of bankruptcy within 12 months
Very high risk

5.6 × the average (1.41%) · higher risk than 96% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Reinstated after compulsory dissolutionYes · bankruptcy rate 0.0%0.00×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
10144205
Status
Active
Company type
Public limited company (A/S)
Founded
(40 years)
Address
c/o Postboks 224, Ortoqqap Aqq. 13
3912 Maniitsoq
Municipality
Qeqqata
Industry
Installation af vvs-, varme- og klimaanlæg (432200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 550k
Auditor
Revisoren i Sisimiut af 2014 ApS
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio25.9%
Current ratio135%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 967kDKK 1.6mDKK 1.2m
Net profitDKK -175kDKK 12kDKK -14k
EquityDKK 304kDKK 478kDKK 467k
Total assetsDKK 1.2mDKK 1.3mDKK 1.2m
CashDKK 264DKK 264–
Short-term debtDKK 867kDKK 808k–
Avg. employees63–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Revisoren i Sisimiut af 2014 ApS.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025166
1 Jan 2024 – 31 Dec 202498
1 Jan 2023 – 31 Dec 2023172
1 Jan 2022 – 31 Dec 2022157
1 Jan 2021 – 31 Dec 2021179
1 Jan 2020 – 31 Dec 2020117
1 Jan 2019 – 31 Dec 2019113
1 Jan 2018 – 31 Dec 2018168
1 Jan 2017 – 31 Dec 201775

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEONiels-Christian Engdal SteffensenCurrent
CEOOle Hans Andersen
BoardNiels-Christian Engdal SteffensenCurrent
BoardMarie SommerCurrent
BoardMia Irene Sommer SteffensenCurrent
BoardGorm Birkekær Kjeldsen
BoardJan René Andersen
BoardOle Hans Andersen
BoardLars-Peter Press
Owner (100%)Niels-Christian Engdal SteffensenCurrent
AuditorPRICEWATERHOUSECOOPERS GRØNLAND A/S
AuditorOX-INVEST ApS
AuditorREVISOREN I SISIMIUT REGISTRERET REVISIONSANPARTSSELSKAB

The CEOs' other companies

Ole Hans Andersen – 2 other companies, of which 1 bankrupt

Address history (0 moves)

c/o Postboks 224, Ortoqqap Aqq. 13, 3912 Maniitsoq

Former names

ARCTIC VVS A/S – now
ARCTIC VVS ApS –

Similar companies in Qeqqata

Questions and answers about ARCTIC VVS A/S

Has ARCTIC VVS A/S gone bankrupt?

No, ARCTIC VVS A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of ARCTIC VVS A/S?

Our model estimates a bankruptcy risk of 7.8% over the next 12 months (very high risk), which is 5.6 times the average for Danish companies.

Who is the CEO of ARCTIC VVS A/S?

Niels-Christian Engdal Steffensen is the CEO of ARCTIC VVS A/S.

Who is the auditor of ARCTIC VVS A/S?

ARCTIC VVS A/S most recently used Revisoren i Sisimiut af 2014 ApS.

When was ARCTIC VVS A/S founded?

ARCTIC VVS A/S was founded on 18 December 1985.

What is the equity of ARCTIC VVS A/S?

Equity was DKK 304k according to the annual report for the period ending 31 December 2025.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.