MINELCO A/S
CVR 11886124 · Public limited company (A/S) · Active · Low risk
MINELCO A/S is a Public limited company (A/S), founded on , based in Nuuk. The company is registered in the industry anden råstofindvinding i.a.n.. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 260.4m and a net result of DKK 7.1m. CEO: Kjell Magnus Forsberg.
Bankruptcy risk for MINELCO A/S
0.0 × the average (1.41%) · higher risk than 0% of active Danish companies
Increases the risk
Reduces the risk
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
- 11886124
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (26 years)
- Address
- c/o Nuna Advokater, Qullilerfik 2, 6.
3900 Nuuk - Municipality
- Sermersooq
- Industry
- Anden råstofindvinding i.a.n. (089900)
Bankruptcies in the industry: Grus- og sandgravning: indvinding af ler og kaolin - Share capital
- DKK 700k
- Auditor
- EY Godkendt Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 7 of 9 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 100.0% |
| Current ratio | 8,679,632% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 14 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 70 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK -41k | DKK -53k | DKK -167k |
| Net profit | DKK 7.1m | DKK 10.2m | DKK 9.6m |
| Equity | DKK 260.4m | DKK 253.3m | DKK 243.2m |
| Total assets | DKK 260.4m | DKK 253.4m | DKK 243.2m |
| Cash | DKK 1,379 | DKK 2,383 | – |
| Short-term debt | DKK 3,000 | DKK 44k | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 183 | ||
| 1 Jan 2024 – 31 Dec 2024 | 185 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 176 | ||
| 1 Jan 2022 – 31 Dec 2022 | 174 | ||
| 1 Jan 2021 – 31 Dec 2021 | 208 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 225 | Late | |
| 1 Jan 2019 – 31 Dec 2019 | 234 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 190 | Late | |
| 1 Jan 2017 – 31 Dec 2017 | 186 | Late |
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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Kjell Magnus Forsberg | Current | |
| CEO | Brian James Ballou | ||
| CEO | Jon Steen Petersen | ||
| CEO | Rupi Khanuja | ||
| CEO | Frederic Puistienne | ||
| CEO | Brian Spratley | ||
| CEO | Jan Robert Näslund | ||
| CEO | Jan Peter Mörtlund | ||
| Board | Kjell Magnus Forsberg | Current | |
| Board | Nils Peter Söderman | Current | |
| Board | Darren Anthony Wilson | Current | |
| Board | Jon Steen Petersen | ||
| Board | Nikolaj Karl Thue Ludvig Ludvigsen | ||
| Board | Frank Hedegaard Jørgensen | ||
| Board | Peter Derek Barnes | ||
| Board | Hans Christian Qvist | ||
| Board | Jan Anders Vestrum | ||
| Board | Finn Kilsgaard Mortensen | ||
| Board | Per-Erik Lindvall | ||
| Board | Jan-Ivan Johansson | ||
| Board | Åse Louise Marie Juhlin | ||
| Board | Roger Johansson | ||
| Board | Jan Peter Mörtlund | ||
| Board | Leif Folke Bostöm | ||
| Owner (100%) | LKAB Minerals AB | Current | |
| Auditor | EY Godkendt Revisionspartnerselskab | Current | |
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | CJ Partnership I/S | ||
| Founder | Vilhelm Dickmeiss | Current |
The CEOs' other companies
Jon Steen Petersen – 2 other companies
- NALUNAQ GOLD MINE A/S Opløst
- ÅÆØ 221 ApS Compulsorily dissolved
Address history (1 moves)
| c/o Nuna Advokater, Qullilerfik 2, 6., 3900 Nuuk | |
| Imaneq 22, 3900 Nuuk |
Former names
| MINELCO A/S | – now |
| SEQI OLIVINE A/S | – |
| CREW DEVELOPMENT GREENLAND A/S | – |
Other companies at the same address
- ANGEL MINING (GOLD) A/S Bankrupt
- Arctic Fishery Alliance ApS Bankrupt
- E. PIHL & SØN, GRØNLAND ApS Bankrupt
- INUITCOM ApS Bankrupt
- Ironbark A/S Bankrupt
- LoveWater Greenland ApS Bankrupt
- ADSERBALLE & KNUDSEN GREENLAND A/S Active
- ALS Greenland ApS Active
- ARC Greenland ApS Opløst
- ARC Joint Venture Company ApS Active
- Arktisk Kompagni ApS Active
- Atlas Technology Solutions Greenland ApS Active
- BLACK ANGEL MINING A/S Active
- Berjaya Greenland Invest A/S Active
- Berjaya Hotels & Resorts A/S Opløst
- Bygma Grønland ApS Active
- CAPRICORN GREENLAND EXPLORATION A/S Opløst
- DSV Air & Sea Greenland ApS Opløst
- Dundas Titanium A/S Active
- EJENDOMSSELSKABET PETER SCHRIVER ApS Active
- EastWest Greenland ApS Compulsorily dissolved
- Eclipse Metals Greenland ApS Active
- GREENLAND BIOTECH A/S Opløst
- GREENLAND OIL COMPANY A/S Opløst
- GREENLAND PROPERTIES A/S Opløst
Similar companies in Sermersooq
- Eclipse Metals Greenland ApS Nuuk
- Narsaq Mining Corporation A/S Nuussuaq
- Greenland Graphite A/S Nuuk
- Zawar Greenland ApS Nuuk
- ARC Joint Venture Company ApS Nuuk
- Nikkeli Greenland A/S Nuuk
- Greenland Vanadium Energy Resources ApS Nuussuaq
- Greenland Silver Moly Resources ApS Nuussuaq
- Greenland Feldspar Aluminium Resources ApS Nuussuaq
- Greenland Anorthosite Mining A/S Nuussuaq
- Arcticulture ApS Nuussuaq
- Dundas Titanium A/S Nuuk
Questions and answers about MINELCO A/S
Has MINELCO A/S gone bankrupt?
No, MINELCO A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of MINELCO A/S?
Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of MINELCO A/S?
Kjell Magnus Forsberg is the CEO of MINELCO A/S.
Who is the auditor of MINELCO A/S?
MINELCO A/S most recently used EY Godkendt Revisionspartnerselskab.
When was MINELCO A/S founded?
MINELCO A/S was founded on 15 August 2000.
What is the equity of MINELCO A/S?
Equity was DKK 260.4m 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.