TEAM TANKERS MANAGEMENT A/S

CVR 29687595 · Public limited company (A/S) · Being reinstated · Low risk

TEAM TANKERS MANAGEMENT A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry sø- og kysttransport af gods. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 16 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2021) shows equity of DKK 1.2m and a net result of DKK 95k.

Bankruptcy risk for TEAM TANKERS MANAGEMENT A/S

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 70% of active Danish companies

Lowest riskHighest risk

Increases the risk

Registered owners0 · bankruptcy rate 51.4%5.8×
Missing annual report (overdue)Yes · bankruptcy rate 35.2%4.0×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Other companies at the same address100+ · bankruptcy rate 11.5%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×

Reduces the risk

Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
Company typeA/S · bankruptcy rate 4.4%0.50×

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
29687595
Status
Being reinstated
Company type
Public limited company (A/S)
Founded
(20 years)
Address
c/o Plesner Advokatpartnerselskab, Amerika Plads 37
2100 København Ø
Municipality
København
Industry
Sø- og kysttransport af gods (502000)
Bankruptcies in the industry: Sø- og kysttransport af gods
Share capital
DKK 500k
Employees
51 (2018)
Auditor
EY Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late5 of 16
Missing annual reportYes
Negative equityNo
Equity ratio70.2%
Current ratio327%
Moves (last 2 years)0
CEO changes in total3
CEO's previous bankruptcies0
Other companies at the address102
Going-concern uncertaintyNo

Financials and key figures

Financial year20212020
RevenueDKK 3.0mDKK 6.9m
Gross profitDKK 1.7mDKK 4.8m
Net profitDKK 95kDKK -151k
EquityDKK 1.2mDKK 1.1m
Total assetsDKK 1.6mDKK 2.3m
CashDKK 362k–
Short-term debtDKK 488k–
Avg. employees6–

Latest annual report: Reporting class B · auditor's statement: Revisionspåtegning · EY Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2021 – 31 Dec 2021193 Late
1 Jan 2020 – 31 Dec 2020195 Late
1 Jan 2019 – 31 Dec 2019118
1 Jan 2018 – 31 Dec 2018164
1 Jan 2017 – 31 Dec 2017158
1 Jan 2016 – 31 Dec 2016171
1 Jan 2015 – 31 Dec 2015117
1 Jan 2014 – 31 Dec 2014184 Late
1 Jan 2013 – 31 Dec 2013197 Late
1 Jan 2012 – 31 Dec 2012168
1 Jan 2011 – 31 Dec 2011170
1 Jan 2010 – 31 Dec 2010186 Late
1 Jan 2009 – 31 Dec 2009172
1 Jan 2008 – 31 Dec 2008159
1 Jan 2007 – 31 Dec 2007167
1 Jan 2006 – 31 Dec 2006182

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
CEOSteen Larsen
CEOMorten Arntzen
BoardMogens Worre Sørensen
BoardSteen Larsen
BoardAxel Camillo Eitzen
BoardTerje Askvig
BoardJens Grønning
BoardPer-Hermod Rasmussen
BoardMalene Pedersen
BoardMartin Daniel Solberg
BoardPer Sylvester Jensen
BoardAndreas Reklev
BoardAndreas Reklev
BoardMorten Arntzen
BoardHans Peter Feringa
BoardMorten Arntzen
BoardHans Peter Feringa
BoardKevin Michael Kilcullen
BoardHans Sergej Mikael Vilson
BoardJens Gisle Schnelle
BoardHans Sergej Mikael Vilson
BoardMalene Pedersen
BoardMorten Arntzen
Owner (100%)TTI AS
Owner (100%)Team Tankers Management Holding AS
Owner (100%)Team Tankers Management LLC
Owner (100%)Team Tankers International Ltd
AuditorEY Danmark A/S
AuditorERNST & YOUNG DENMARK P/S
AuditorEY Godkendt Revisionspartnerselskab

The CEOs' other companies

Steen Larsen – 30 other companies, of which 2 bankrupt

Address history (5 moves)

c/o Plesner Advokatpartnerselskab, Amerika Plads 37, 2100 København Ø
c/o Plesner Advokatpartnerselskab, Amerika Plads 37, 2100 København Ø
Strandvejen 60, 5., 2900 Hellerup
Strandvejen 58, 3., 2900 Hellerup
Amerika Plads 38, 2100 København Ø
Smakkedalen 8, 2820 Gentofte

Former names

TEAM TANKERS MANAGEMENT A/S – now
TEAM TANKERS MANAGEMENT A/S –
EITZEN CHEMICAL (DENMARK) A/S –

Employees per year

Number of employees at TEAM TANKERS MANAGEMENT A/S per year26512013: 3920132014: 4120142015: 3820152016: 3320162017: 2720172018: 512018

Other companies at the same address

Similar companies in København

Questions and answers about TEAM TANKERS MANAGEMENT A/S

Has TEAM TANKERS MANAGEMENT A/S gone bankrupt?

No, TEAM TANKERS MANAGEMENT A/S is not registered as bankrupt in the CVR register. Its status is: being reinstated.

What is the bankruptcy risk of TEAM TANKERS MANAGEMENT A/S?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the auditor of TEAM TANKERS MANAGEMENT A/S?

TEAM TANKERS MANAGEMENT A/S most recently used EY Godkendt Revisionspartnerselskab.

When was TEAM TANKERS MANAGEMENT A/S founded?

TEAM TANKERS MANAGEMENT A/S was founded on 30 June 2006.

What is the equity of TEAM TANKERS MANAGEMENT A/S?

Equity was DKK 1.2m according to the annual report for the period ending 31 December 2021.

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