Lumina Sustainable Materials A/S

CVR 12759711 · Public limited company (A/S) · Active · Very high risk

Lumina Sustainable Materials A/S is a Public limited company (A/S), founded on , based in Nuussuaq. The company is registered in the industry anden råstofindvinding i.a.n.. Our model estimates a bankruptcy risk of 7.8% over the next 12 months, which is 5.6 times the average for Danish companies. 8 annual reports have been published, of which 7 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -387.1m and a net result of DKK -100.0m.

Bankruptcy risk for Lumina Sustainable Materials 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

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Time at current address1 yrs · bankruptcy rate 14.0%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Number of CEOs0 · bankruptcy rate 12.7%1.4×

Reduces the risk

Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×
Capital changes2 · bankruptcy rate 5.2%0.59×
Registered owners4+ · bankruptcy rate 5.7%0.65×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
12759711
Status
Active
Company type
Public limited company (A/S)
Founded
(11 years)
Address
Issortarfimmut 2
3905 Nuussuaq
Municipality
Sermersooq
Industry
Anden råstofindvinding i.a.n. (089900)
Bankruptcies in the industry: Grus- og sandgravning: indvinding af ler og kaolin
Share capital
DKK 65.9m
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late6 of 8
Missing annual reportNo
Negative equityYes
Equity ratio-65.9%
Current ratio17%
Moves (last 2 years)1
CEO changes in total5
CEO's previous bankruptcies0
Other companies at the address21
Going-concern uncertaintyYes

Financials and key figures

Financial year2025202420242023
Gross profitDKK -18.2mDKK -8.0mDKK -40.5mDKK -32.0m
Net profitDKK -100.0mDKK 93.8mDKK -161.0mDKK -135.7m
EquityDKK -387.1mDKK -287.1mDKK -323.3mDKK -172.1m
Total assetsDKK 587.9mDKK 588.7mDKK 348.5mDKK 322.9m
CashDKK 16.8mDKK 14.4mDKK 17.2m–
Short-term debtDKK 378.3mDKK 256.2mDKK 28.2m–
Tax owed–DKK 868k––
Avg. employees493937–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025225 Late
1 Apr 2023 – 31 Mar 2024228 Late
1 Apr 2022 – 31 Mar 2023206 Late
1 Apr 2021 – 31 Mar 2022209 Late
1 Apr 2020 – 31 Mar 2021184 Late
1 Apr 2019 – 31 Mar 2020259 Late
1 Apr 2018 – 31 Mar 2019212 Late
1 Apr 2017 – 31 Mar 2018174

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
CEOJames Robert Tuer
CEOKenneth Palko
CEOJames Kenneth Cambon
BoardPer Buhl OlsenCurrent
BoardLars Knøsgaard JensenCurrent
BoardJames Thomas KiernanCurrent
BoardPeter Flemming Knudsen
BoardJames Robert Tuer
BoardJames Kenneth Cambon
BoardPeter Flemming Knudsen
BoardBenn Mikula
BoardJames Kenneth Cambon
BoardMartin Roy Hannes
Owner (33%)Cordiant Emerging Loan Fund IVCurrent
Owner (5%)Romeo Fund - FlexiCurrent
Owner (20%)Cordiant VII Infrastructure and Real Assets DebtCurrent
Owner (25%)Lumina Sustainable Materials A/SCurrent
Owner (100%)Hudson Resources Inc.
Owner (25%)Hudson Resources Inc.
Owner (20%)Allianz EM Loans S.C.S
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorBDO Holding VII, statsautoriseret revisionsaktieselskab
FounderPeter SchriverCurrent

Address history (2 moves)

Issortarfimmut 2, 3905 Nuussuaq
Nuukullak 2 104, 3900 Nuuk
c/o Nuna Advokater, Qullilerfik 2, 6., 3900 Nuuk

Former names

Lumina Sustainable Materials A/S – now
Hudson Greenland A/S –

Other companies at the same address

Similar companies in Sermersooq

Questions and answers about Lumina Sustainable Materials A/S

Has Lumina Sustainable Materials A/S gone bankrupt?

No, Lumina Sustainable Materials A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Lumina Sustainable Materials 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 auditor of Lumina Sustainable Materials A/S?

Lumina Sustainable Materials A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Lumina Sustainable Materials A/S founded?

Lumina Sustainable Materials A/S was founded on 13 April 2015.

What is the equity of Lumina Sustainable Materials A/S?

Equity was DKK -387.1m 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.