White Flame Energy A/S
CVR 12757565 · Public limited company (A/S) · Active · Low risk
White Flame Energy A/S is a Public limited company (A/S), founded on , based in Nuuk. The company is registered in the industry indvinding af naturgas. Our model estimates a bankruptcy risk of 0.5% over the next 12 months, which is 0.4 times the average for Danish companies. 9 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -36.1m and a net result of DKK -187k. CEO: Olga Solovieva.
Bankruptcy risk for White Flame Energy A/S
0.4 × the average (1.41%) · higher risk than 60% 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
- 12757565
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (11 years)
- Address
- c/o Nuna Advokater, Qullilerfik 2, 6.
3900 Nuuk - Municipality
- Sermersooq
- Industry
- Indvinding af naturgas (062000)
Bankruptcies in the industry: Indvinding af råolie - Share capital
- DKK 500k
- Auditor
- PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 1 of 9 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | – |
| Current ratio | – |
| Moves (last 2 years) | 0 |
| CEO changes in total | 5 |
| 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 -62k | DKK -124k | DKK -114k |
| Net profit | DKK -187k | DKK -3.4m | DKK -2.2m |
| Equity | DKK -36.1m | DKK -35.9m | DKK -32.6m |
| Total assets | DKK 0 | DKK 0 | DKK 23k |
| Short-term debt | DKK 36.1m | DKK 35.9m | – |
| Avg. employees | 0 | – | – |
Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · PKF Munkebo Eriksen Funch, Statsautoriseret Revisions aktie selskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 120 | ||
| 1 Jan 2024 – 31 Dec 2024 | 71 | ||
| 1 Jan 2023 – 31 Dec 2023 | 44 | ||
| 1 Jan 2022 – 31 Dec 2022 | 48 | ||
| 1 Jan 2021 – 31 Dec 2021 | 124 | ||
| 1 Jan 2020 – 31 Dec 2020 | 119 | ||
| 1 Jan 2019 – 31 Dec 2019 | 154 | ||
| 1 Jan 2018 – 31 Dec 2018 | 277 | Late | |
| 1 Jan 2017 – 31 Dec 2017 | 150 |
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 | Olga Solovieva | Current | |
| CEO | Greg Kuenzel | ||
| CEO | Greg Kuenzel | ||
| CEO | Eric Martin Sondergaard | ||
| Board | Roderick McIllree | Current | |
| Board | Troy Edward Whittaker | Current | |
| Board | Olga Solovieva | Current | |
| Board | Roderick McIllree | ||
| Board | Jeremy Sean Whybrow | ||
| Board | Greg Kuenzel | ||
| Board | Mark Christopher Bilsland | ||
| Board | Greg Kuenzel | ||
| Board | Mark Christopher Bilsland | ||
| Board | Eric Martin Sondergaard | ||
| Owner (100%) | WHITE FLAME ENERGY LTD | Current | |
| Auditor | PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab | Current | |
| Auditor | PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab | ||
| Founder | Peter Schriver | Current |
Address history (0 moves)
| c/o Nuna Advokater, Qullilerfik 2, 6., 3900 Nuuk |
Former names
| White Flame Energy A/S | – now |
| Greenland Gas & Oil 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
Questions and answers about White Flame Energy A/S
Has White Flame Energy A/S gone bankrupt?
No, White Flame Energy A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of White Flame Energy A/S?
Our model estimates a bankruptcy risk of 0.5% over the next 12 months (low risk), which is 0.4 times the average for Danish companies.
Who is the CEO of White Flame Energy A/S?
Olga Solovieva is the CEO of White Flame Energy A/S.
Who is the auditor of White Flame Energy A/S?
White Flame Energy A/S most recently used PKF Munkebo Eriksen Funch, Statsautoriseret Revisionsaktieselskab.
When was White Flame Energy A/S founded?
White Flame Energy A/S was founded on 26 March 2015.
What is the equity of White Flame Energy A/S?
Equity was DKK -36.1m 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.