GREENLAND ICE CAP PRODUCTIONS A/S

CVR 20274301 · Public limited company (A/S) · Active · Low risk

GREENLAND ICE CAP PRODUCTIONS A/S is a Public limited company (A/S), founded on , based in Narsaq. The company is registered in the industry fremstilling af læskedrikke og vand på flaske. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.1 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 -1.5m and a net result of DKK 13k. CEO: Michael Hegnet Mylliin Lings.

Bankruptcy risk for GREENLAND ICE CAP PRODUCTIONS A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.1 × the average (1.41%) · higher risk than 38% of active Danish companies

Lowest riskHighest risk

Increases the risk

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×
Auditor's statementNo assurance · bankruptcy rate 13.2%1.5×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
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×
Return on assets15%+ · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×

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
20274301
Status
Active
Company type
Public limited company (A/S)
Founded
(29 years)
Address
c/o Kirsten Lings Polarmagasinet A/S, Niels Bohr'S Plads 130B
3921 Narsaq
Municipality
Kujalleq
Industry
Fremstilling af læskedrikke og vand på flaske (110700)
Bankruptcies in the industry: Fremstilling af øl
Share capital
DKK 1.5m
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 9
Missing annual reportNo
Negative equityYes
Equity ratio-2,654.0%
Current ratio4%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyYes

Financials and key figures

Financial year202520242023
Gross profitDKK 13kDKK 62kDKK 62k
Net profitDKK 13kDKK 62kDKK 20k
EquityDKK -1.5mDKK -1.5mDKK -1.6m
Total assetsDKK 58kDKK 80kDKK 58k
Short-term debtDKK 1.6mDKK 1.6m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: No assurance.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025180
1 Jan 2024 – 31 Dec 2024140
1 Jan 2023 – 31 Dec 2023145
1 Jan 2022 – 31 Dec 2022171
1 Jan 2021 – 31 Dec 2021164
1 Jan 2020 – 31 Dec 2020179
1 Jan 2019 – 31 Dec 2019225 Late
1 Jan 2018 – 31 Dec 2018169
1 Jan 2017 – 31 Dec 2017220 Late

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
CEOMichael Hegnet Mylliin LingsCurrent
CEOMichael Hegnet Mylliin Lings
BoardBruno MånssonCurrent
BoardMichael Hegnet Mylliin LingsCurrent
BoardPeggy JohnsonCurrent
BoardRasmus Christian Rasmussen
BoardFrank Rasmussen
BoardHelge Peder Jessen
BoardKaj Olsen Egede
BoardHans Pavia Niels Egede
BoardPeter Grønvold Samuelsen
BoardKalistat Carl Hanseraq Lund
BoardThomas Michael Køllgaard Nielsen
BoardFinn Anders Karlsen
BoardPreben Lind Jensen
BoardSteen Allan Aaholm Outzen
BoardOle Mølgaard-Motzfeldt
BoardBruno Månsson
BoardMichael Hegnet Mylliin Lings
BoardPeggy Johnson
Owner (10%)Rasmus Christian RasmussenCurrent
Owner (15%)Michael Hegnet Mylliin LingsCurrent
Owner (15%)Kirsten Køhl LingsCurrent
Owner (20%)Robert John NagyCurrent
Owner (20%)Peggy Darlene JohnsonCurrent
Owner (20%)Premium Glacier Inc.
Owner (5%)Robert John Nagy
Owner (5%)Peggy Darlene Johnson
AuditorKnud Oxenvad
AuditorDELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKaj Olsen EgedeCurrent
FounderRasmus Christian RasmussenCurrent
FounderFrank RasmussenCurrent

The CEOs' other companies

Michael Hegnet Mylliin Lings – 4 other companies, of which 1 bankrupt

Address history (0 moves)

c/o Kirsten Lings Polarmagasinet A/S, Niels Bohr'S Plads 130B, 3921 Narsaq

Former names

GREENLAND ICE CAP PRODUCTIONS A/S – now
GREENLAND ICE CAP PRODUCTIONS ApS –

Questions and answers about GREENLAND ICE CAP PRODUCTIONS A/S

Has GREENLAND ICE CAP PRODUCTIONS A/S gone bankrupt?

No, GREENLAND ICE CAP PRODUCTIONS A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of GREENLAND ICE CAP PRODUCTIONS A/S?

Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.1 times the average for Danish companies.

Who is the CEO of GREENLAND ICE CAP PRODUCTIONS A/S?

Michael Hegnet Mylliin Lings is the CEO of GREENLAND ICE CAP PRODUCTIONS A/S.

When was GREENLAND ICE CAP PRODUCTIONS A/S founded?

GREENLAND ICE CAP PRODUCTIONS A/S was founded on 13 May 1997.

What is the equity of GREENLAND ICE CAP PRODUCTIONS A/S?

Equity was DKK -1.5m 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.