Borealis Insurance A/S (captive insurance company)

CVR 19323293 · Public limited company (A/S) · Active · Low risk

Borealis Insurance A/S (captive insurance company) is a Public limited company (A/S), founded on , based in København V. The company is registered in the industry anden forsikring. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 2 more than six months after the end of the financial year. CEO: Peter Guy Emiel Rienckens, Claus Kirk.

Bankruptcy risk for Borealis Insurance A/S (captive insurance company)

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
Postcode changes3+ · bankruptcy rate 10.2%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×

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
19323293
Status
Active
Company type
Public limited company (A/S)
Founded
(30 years)
Address
c/o Gorrissen Federspiel Advokatpartnerselsk, Axeltorv 2
1609 København V
Municipality
København
Industry
Anden forsikring (651200)
Bankruptcies in the industry: Finansieringsvirksomhed i øvrigt
Share capital
DKK 52.8m
Auditor
KPMG P/S
Audit opted out
No

Warning signs

Annual reports filed late4 of 30
Missing annual reportNo
Negative equity–
Equity ratio–
Current ratio–
Moves (last 2 years)0
CEO changes in total8
CEO's previous bankruptcies0
Other companies at the address308
Going-concern uncertaintyNo

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025119
1 Jan 2024 – 31 Dec 2024120
1 Jan 2023 – 31 Dec 2023121
1 Jan 2022 – 31 Dec 202290
1 Jan 2021 – 31 Dec 2021103
1 Jan 2020 – 31 Dec 2020145
1 Jan 2019 – 31 Dec 2019103
1 Jan 2018 – 31 Dec 2018113
1 Jan 2017 – 31 Dec 2017165
1 Jan 2016 – 31 Dec 2016186 Late
1 Jan 2015 – 31 Dec 2015117
1 Jan 2014 – 31 Dec 2014128
1 Jan 2013 – 31 Dec 2013134
1 Jan 2012 – 31 Dec 2012122
1 Jan 2011 – 31 Dec 2011130
1 Jan 2010 – 31 Dec 2010132
1 Jan 2009 – 31 Dec 2009150
1 Jan 2008 – 31 Dec 2008284 Late
1 Jan 2007 – 31 Dec 2007129
1 Jan 2006 – 31 Dec 2006113

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
CEOPeter Guy Emiel RienckensCurrent
CEOClaus KirkCurrent
CEOUlf Henrik Jonsson
CEOKristian Nikolaj Boysen
CEOAnne Worm-Petersen
BoardNiels Vahman BangCurrent
BoardKoen Bert TimmermansCurrent
BoardSandra MüllerCurrent
BoardMichael SchenkCurrent
BoardAnders Olesen
BoardHans Christian Blaes Byfeldt
BoardRalf Bjarne Mitts
BoardHenning Lauritsen
BoardMarianne Wiinholt
BoardMarkku Tapani Korvenranta
BoardUlf Henrik Jonsson
BoardJan Bror Henrik Lindh
BoardClive Graeme Watson
BoardNiels Bo Villadsen
BoardRuth Nancy Steinholtz
BoardJan-Erik Gunnar Svensson
BoardMarkku Tapani Korvenranta
BoardThomas Michael Boesen
BoardKatja Tautscher
BoardGernot Kriegbaum
BoardKatja Tautscher
Owner (100%)Borealis GmbHCurrent
AuditorKPMG P/SCurrent
AuditorGreen IV ApS
AuditorCJ Partnership I/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorEY Danmark A/S
AuditorERNST & YOUNG DENMARK P/S
AuditorEY Godkendt Revisionspartnerselskab
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderHans Christian Blaes ByfeldtCurrent

The CEOs' other companies

Claus Kirk – 2 other companies, of which 1 bankrupt

Kristian Nikolaj Boysen – 9 other companies, of which 3 bankrupt

Anne Worm-Petersen – 17 other companies, of which 4 bankrupt

Address history (6 moves)

c/o Gorrissen Federspiel Advokatpartnerselsk, Axeltorv 2, 1609 København V
c/o Gorrissen Federspiel Kierkegaard, H.C. Andersens Boulevard 12, 1553 København V
Amaliegade 12, 1256 København K
c/o Alpha Group, Nytorv 17, 1450 København K
Strandgade 4C, 1401 København K
Overgaden Oven Vandet 8, 2., 1415 København K
Stamholmen 161, 2650 Hvidovre

Former names

Borealis Insurance A/S (captive insurance company) – now
BOREALIS INSURANCE A/S –
BOREALIS REINSURANCE A/S –

Other companies at the same address

Similar companies in København

Questions and answers about Borealis Insurance A/S (captive insurance company)

Has Borealis Insurance A/S (captive insurance company) gone bankrupt?

No, Borealis Insurance A/S (captive insurance company) is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Borealis Insurance A/S (captive insurance company)?

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 Borealis Insurance A/S (captive insurance company)?

Peter Guy Emiel Rienckens, Claus Kirk are the CEOs of Borealis Insurance A/S (captive insurance company).

Who is the auditor of Borealis Insurance A/S (captive insurance company)?

Borealis Insurance A/S (captive insurance company) most recently used KPMG P/S.

When was Borealis Insurance A/S (captive insurance company) founded?

Borealis Insurance A/S (captive insurance company) was founded on 26 February 1996.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.