XPLORATION SERVICES GREENLAND A/S
CVR 12622465 · Public limited company (A/S) · Active · Low risk
XPLORATION SERVICES GREENLAND A/S is a Public limited company (A/S), founded on , based in Nuussuaq. The company is registered in the industry geologiske undersøgelser og prospektering, landinspektører mv.. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 9 annual reports have been published, of which 2 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 13.2m and a net result of DKK -1.2m. CEO: Martin Sandy Shalmi.
Bankruptcy risk for XPLORATION SERVICES GREENLAND A/S
0.0 × the average (1.41%) · higher risk than 27% 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
- 12622465
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (15 years)
- Address
- Naternaq 17
3905 Nuussuaq - Municipality
- Sermersooq
- Industry
- Geologiske undersøgelser og prospektering, landinspektører mv. (711240)
Bankruptcies in the industry: Rådgivende ingeniørvirksomhed inden for byggeri og anlægsarbejder - Share capital
- DKK 500k
- Auditor
- BDO Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 2 of 9 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 34.2% |
| Current ratio | 8% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 4 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 7 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 |
|---|---|---|
| Gross profit | DKK 1.9m | DKK 5.4m |
| Net profit | DKK -1.2m | DKK 636k |
| Equity | DKK 13.2m | DKK 14.4m |
| Total assets | DKK 38.6m | DKK 35.8m |
| Cash | DKK 411k | – |
| Short-term debt | DKK 11.4m | – |
| Avg. employees | 3 | – |
Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring om udvidet gennemgang · BDO Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 131 | ||
| 1 Jan 2024 – 31 Dec 2024 | 128 | ||
| 1 Jan 2023 – 31 Dec 2023 | 139 | ||
| 1 Jan 2022 – 31 Dec 2022 | 142 | ||
| 1 Jan 2021 – 31 Dec 2021 | 201 | Late | |
| 1 Jan 2020 – 31 Dec 2020 | 169 | ||
| 1 Jan 2019 – 31 Dec 2019 | 202 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 141 | ||
| 1 Jan 2017 – 31 Dec 2017 | 108 |
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 | Martin Sandy Shalmi | Current | |
| CEO | Martin Sandy Shalmi | ||
| CEO | Bent Jensen | ||
| Board | Claus Østergaard | Current | |
| Board | Anders Lie | Current | |
| Board | Martin Sandy Shalmi | Current | |
| Board | Anders Lie | ||
| Board | Anders Lie | ||
| Board | Claus Østergaard | ||
| Board | Martin Sandy Shalmi | ||
| Board | Martin Sandy Shalmi | ||
| Board | Nungo Mariane Pedersen | ||
| Board | Nungo Mariane Pedersen | ||
| Board | Anders Lie | ||
| Board | Martin Sandy Shalmi | ||
| Owner (25%) | THIN AIR HOLDING ApS | Current | |
| Owner (25%) | HOT AIR HOLDING ApS | Current | |
| Owner (33%) | Martin Sandy Shalmi | Current | |
| Owner (25%) | Anders Lie | ||
| Owner (25%) | Claus Østergaard | ||
| Owner (25%) | Martin Sandy Shalmi | ||
| Owner (10%) | Nungo Mariane Pedersen | ||
| Auditor | BDO Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | EY Denmark ApS | ||
| Auditor | BDO Holding VII, statsautoriseret revisionsaktieselskab | ||
| Founder | Martin Sandy Shalmi | Current |
The CEOs' other companies
Martin Sandy Shalmi – 27 other companies
- 21st NORTH ApS Active
- A & M ApS Opløst
- ARCTIC CORE DRILLING A/S Compulsorily dissolved
- Arctic Works ApS Active
- Café Tamu ApS Active
- Café Tamu Paamiut ApS Active
- Elektrikerit Paamiut ApS Compulsorily dissolved
- FBC-E ApS Active
- FBC-R ApS Active
- FBC-V ApS Active
- FREDERIKSHÅB BETONCENTRAL ApS Active
- GREENLAB GREENLAND A/S Opløst
- GREENTOP GREENLAND ApS Active
- GRØNLANDSK PRODUKTION A/S Active
- GeoLAB Greenland ApS Active
- Greenland Water Resources A/S Active
- Karl Bejder Entreprenør & Stenindustri A/S Active
- Martin Sandy Shalmi ApS Active
- NALIK Capital A/S Active
- NALUNAQ GOLD MINE A/S Opløst
- Pinguaraq Development ApS Active
- Prime View ApS Active
- ROYAL GREENLAND A/S Active
- SHALMI A/S Active
- Sandy ApS Active
- TOORNAT ILLUAT ApS Fusioneret
- VINSLOTTET GRØNLAND A/S Active
Bent Jensen – 4 other companies, of which 1 bankrupt
- TRUE NORTH GEMS GREENLAND A/S Bankrupt 5 Sep 2016
- Arctic Works ApS Active
- ISERIT A/S Active
- NAIP West Exploration A/S Active
Address history (1 moves)
| Naternaq 17, 3905 Nuussuaq | |
| H J Rinksvej 11, 3900 Nuuk |
Former names
| XPLORATION SERVICES GREENLAND A/S | – now |
| XPLORATION SERVICES GREENLAND ApS | – |
Other companies at the same address
- Arctic Works ApS Active
- Greenland Anorthosite Mining A/S Active
- Greenland Contractors JV A/S Opløst
- Greenland Feldspar Aluminium Resources ApS Active
- Greenland Silver Moly Resources ApS Active
- Greenland Vanadium Energy Resources ApS Active
- NUKIK.IT ApS Active
Similar companies in Sermersooq
- KSMS ApS Nuussuaq
- SHELL GREENLAND A/S Nuussuaq
- SCANDINAVIAN GOLD A/S Nuuk
- ARCTIC CORE DRILLING A/S Nuuk
- LONDON MINING GREENLAND A/S Nuuk
Questions and answers about XPLORATION SERVICES GREENLAND A/S
Has XPLORATION SERVICES GREENLAND A/S gone bankrupt?
No, XPLORATION SERVICES GREENLAND A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of XPLORATION SERVICES GREENLAND A/S?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the CEO of XPLORATION SERVICES GREENLAND A/S?
Martin Sandy Shalmi is the CEO of XPLORATION SERVICES GREENLAND A/S.
Who is the auditor of XPLORATION SERVICES GREENLAND A/S?
XPLORATION SERVICES GREENLAND A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.
When was XPLORATION SERVICES GREENLAND A/S founded?
XPLORATION SERVICES GREENLAND A/S was founded on 20 April 2011.
What is the equity of XPLORATION SERVICES GREENLAND A/S?
Equity was DKK 13.2m 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.