POLAR EL A/S

CVR 12191219 · Public limited company (A/S) · Active · Low risk

POLAR EL A/S is a Public limited company (A/S), founded on , based in Nuussuaq. The company is registered in the industry el-installation. 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. The latest annual report (31 Dec 2025) shows equity of DKK 24.1m and a net result of DKK 4.0m. CEO: Jens Christian Kragh Larsen, Jacob Heidenheim Baadstorp.

Bankruptcy risk for POLAR EL A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 6% of active Danish companies

Lowest riskHighest risk

Increases the risk

No significant risk factors.

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×

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
12191219
Status
Active
Company type
Public limited company (A/S)
Founded
(22 years)
Address
Pukuffik 13 1
3905 Nuussuaq
Municipality
Sermersooq
Industry
El-installation (432100)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 500k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late0 of 9
Missing annual reportNo
Negative equityNo
Equity ratio69.8%
Current ratio242%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address1
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 27.3mDKK 28.8m
Net profitDKK 4.0mDKK 5.8m
EquityDKK 24.1mDKK 24.2m
Total assetsDKK 34.5mDKK 35.8m
CashDKK 8.0m–
Short-term debtDKK 8.0m–
Tax owedDKK 498k–
Avg. employees28–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025103
1 Jan 2024 – 31 Dec 2024178
1 Jan 2023 – 31 Dec 202395
1 Jan 2022 – 31 Dec 2022114
1 Jan 2021 – 31 Dec 2021117
1 Jan 2020 – 31 Dec 202090
1 Jan 2019 – 31 Dec 201991
1 Jan 2018 – 31 Dec 201866
1 Jan 2017 – 31 Dec 201753

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
CEOJens Christian Kragh LarsenCurrent
CEOJacob Heidenheim BaadstorpCurrent
CEOJørgen Gram
BoardJens Christian Kragh LarsenCurrent
BoardJacob Heidenheim BaadstorpCurrent
BoardRonald Johan DyrholCurrent
BoardOlav Haug VikebakkCurrent
BoardAnn Magritt Bjåstad VikebakkCurrent
BoardTage Gram
BoardLars Gram Pedersen
BoardJørgen Gram
BoardAnna Jensine Hansen Pedersen
BoardPeter Gram Pedersen
BoardKim Allan Lundstrøm
BoardSutthisa Chitsomchip
BoardPeter Højbjerg Kristensen
BoardPeter Gram Pedersen
BoardBrian Per Mosegaard Enevoldsen
BoardRonald Johan Dyrhol
BoardHenning Moltubakk
BoardRonald Johan Dyrhol
BoardStian Erik Bjåstad
BoardSøren Linde Keller
BoardBjørn Bjåstad
BoardTorgeir Vattøy
BoardOlav Haug Vikebakk
Owner (20%)Jens Christian Kragh LarsenCurrent
Owner (20%)Jacob Heidenheim BaadstorpCurrent
Owner (50%)Hareid Elektriske ASCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorOX-INVEST ApS
AuditorREVISOREN I SISIMIUT REGISTRERET REVISIONSANPARTSSELSKAB
AuditorEY Denmark ApS
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderJørgen GramCurrent

The CEOs' other companies

Jacob Heidenheim Baadstorp – 1 other companies

Jørgen Gram – 2 other companies

Address history (1 moves)

Pukuffik 13 1, 3905 Nuussuaq
Pukuffik 15 4, 3905 Nuussuaq

Former names

POLAR EL A/S – now
POLAR EL ApS –
GRAM EL-MONTAGE ApS –

Other companies at the same address

Similar companies in Sermersooq

Questions and answers about POLAR EL A/S

Has POLAR EL A/S gone bankrupt?

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

What is the bankruptcy risk of POLAR EL 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 POLAR EL A/S?

Jens Christian Kragh Larsen, Jacob Heidenheim Baadstorp are the CEOs of POLAR EL A/S.

Who is the auditor of POLAR EL A/S?

POLAR EL A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was POLAR EL A/S founded?

POLAR EL A/S was founded on 29 September 2004.

What is the equity of POLAR EL A/S?

Equity was DKK 24.1m 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.