Speedcast Denmark A/S

CVR 32093779 · Public limited company (A/S) · Active · High risk

Speedcast Denmark A/S is a Public limited company (A/S), founded on , based in København Ø. The company is registered in the industry levering af fastnetbaseret, trådløs og satellitbaseret telekommunikation. Our model estimates a bankruptcy risk of 4.5% over the next 12 months, which is 3.2 times the average for Danish companies. 17 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 732k and a net result of DKK -2.4m. CEO: David Alan Ross.

Bankruptcy risk for Speedcast Denmark A/S

4.5%
probability of bankruptcy within 12 months
High risk

3.2 × the average (1.41%) · higher risk than 91% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Equity vs. share capital0–0.5× · bankruptcy rate 11.1%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Municipality changes3+ · bankruptcy rate 10.6%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Published annual reports10+ · bankruptcy rate 3.0%0.35×
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×
Negative equityNo · bankruptcy rate 5.1%0.58×
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
32093779
Status
Active
Company type
Public limited company (A/S)
Founded
(17 years)
Address
c/o Bird & Bird Advokatpartnerselskab, Kalkbrænderiløbskaj 8
2100 København Ø
Municipality
København
Industry
Levering af fastnetbaseret, trådløs og satellitbaseret telekommunikation (611000)
Bankruptcies in the industry: Anden telekommunikation
Share capital
DKK 9.6m
Employees
9 (2018)
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late8 of 17
Missing annual reportNo
Negative equityNo
Equity ratio8.9%
Current ratio108%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address72
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 1.8mDKK 2.1mDKK 1.1m
Net profitDKK -2.4mDKK 2.2mDKK -283k
EquityDKK 732kDKK 3.1mDKK 938k
Total assetsDKK 8.2mDKK 10.7mDKK 9.9m
CashDKK 1.0mDKK 1.1m–
Short-term debtDKK 7.5mDKK 7.6m–
Tax owedDKK 185k––
Avg. employees11–

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

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025215 Late
1 Jan 2024 – 31 Dec 2024190 Late
1 Jan 2023 – 31 Dec 2023214 Late
1 Jan 2022 – 31 Dec 2022195 Late
1 Jan 2021 – 31 Dec 2021220 Late
1 Jan 2020 – 31 Dec 2020217 Late
1 Jan 2019 – 31 Dec 2019280 Late
1 Jan 2018 – 31 Dec 2018183
1 Jan 2017 – 31 Dec 201795
1 Jan 2016 – 31 Dec 2016100
1 Jan 2015 – 31 Dec 2015148
1 Jan 2014 – 31 Dec 2014180
1 Jan 2013 – 31 Dec 2013174
1 Jan 2012 – 31 Dec 2012161
1 Jan 2011 – 31 Dec 2011122
1 Jan 2010 – 31 Dec 2010115
7 Apr 2009 – 31 Dec 2009160

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
CEODavid Alan RossCurrent
CEOBritt Carina Horncastle
CEOEmma Claire Lawson
BoardDavid Alan RossCurrent
BoardStephen George SalemCurrent
BoardJames Roger TrevelyanCurrent
BoardMohammed Gomaa Abutaleb
BoardBritt Carina Horncastle
BoardMary Ann Elliot
BoardGlenn Stephenson
BoardJames C. Crichton
BoardJimmie Keith Johnson
BoardDale Wesley Gray
BoardEmma Claire Lawson
BoardRyan Wesley King
BoardDominic Thomas Edward Gyngell
BoardMichael Steven Neugebauer
BoardLee Scott Eckert
Owner (100%)Speedcast US Holdco LLCCurrent
Owner (100%)Ultisat Inc.
Owner (100%)Speedcast Americas, Inc.
AuditorGrant Thornton, Godkendt RevisionspartnerselskabCurrent
AuditorREVISION KØBENHAVN 2012 ApS
AuditorREVISION KØBENHAVN REVISIONSANPARTSSELSKAB
FounderKAALAS ApSCurrent

Address history (3 moves)

c/o Bird & Bird Advokatpartnerselskab, Kalkbrænderiløbskaj 8, 2100 København Ø
Storstrømsvej 9, 6715 Esbjerg N
Fyrvej 36, 6857 Blåvand
Bagsværd Møllevej 3, 2800 Kgs.Lyngby

Former names

Speedcast Denmark A/S – now
ULTISAT EUROPE A/S –

Employees per year

Number of employees at Speedcast Denmark A/S per year8152011: 1320112012: 1420122013: 1520132014: 920142015: 920152016: 920162017: 920172018: 92018

Other companies at the same address

Similar companies in København

Questions and answers about Speedcast Denmark A/S

Has Speedcast Denmark A/S gone bankrupt?

No, Speedcast Denmark A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Speedcast Denmark A/S?

Our model estimates a bankruptcy risk of 4.5% over the next 12 months (high risk), which is 3.2 times the average for Danish companies.

Who is the CEO of Speedcast Denmark A/S?

David Alan Ross is the CEO of Speedcast Denmark A/S.

Who is the auditor of Speedcast Denmark A/S?

Speedcast Denmark A/S most recently used Grant Thornton, Godkendt Revisionspartnerselskab.

When was Speedcast Denmark A/S founded?

Speedcast Denmark A/S was founded on 7 April 2009.

What is the equity of Speedcast Denmark A/S?

Equity was DKK 732k 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.