Polar Latitudes A/S

CVR 39198177 · Public limited company (A/S) · Active · Low risk

Polar Latitudes A/S is a Public limited company (A/S), founded on , based in København V. The company is registered in the industry rejsebureauers aktiviteter. Our model estimates a bankruptcy risk of 0.0% over the next 12 months, which is 0.0 times the average for Danish companies. 8 annual reports have been published, of which 6 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 21.9m and a net result of DKK -4.4m. CEO: Sebastian Arnoldus Meisler, Anders Ellemann Kristensen, Erich Anton Graf.

Bankruptcy risk for Polar Latitudes A/S

0.0%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 18% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
RegionHovedstaden · bankruptcy rate 11.6%1.3×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Equity ratio0%–10% · bankruptcy rate 10.2%1.2×

Reduces the risk

Auditor's statementAndet · bankruptcy rate 0.0%0.00×
Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Reporting classReporting class C, mellemstor virksomhed · bankruptcy rate 2.5%0.28×
Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×

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
39198177
Status
Active
Company type
Public limited company (A/S)
Founded
(8 years)
Address
c/o Albatros Travel A/S, Tøndergade 16
1752 København V
Municipality
København
Industry
Rejsebureauers aktiviteter (791100)
Bankruptcies in the industry: Rejsearrangører
Share capital
DKK 520k
Auditor
REVISIONSFIRMAET EDELBO & LUND-LARSEN, STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late6 of 8
Missing annual reportNo
Negative equityNo
Equity ratio7.4%
Current ratio95%
Moves (last 2 years)0
CEO changes in total11
CEO's previous bankruptcies0
Other companies at the address16
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 49.4mDKK 37.7mDKK 25.1m
Net profitDKK -4.4mDKK 39.2mDKK -413k
EquityDKK 21.9mDKK 28.9mDKK -10.3m
Total assetsDKK 295.1mDKK 208.2mDKK 166.5m
CashDKK 53.1mDKK 29.5m–
Short-term debtDKK 254.2mDKK 171.4m–
Tax owedDKK 0DKK 11.1m–
Avg. employees2616–

Latest annual report: Reporting class C, mellemstor virksomhed · auditor's statement: Independent Auditor’s Report · RevisionsFirmaet Edelbo & Lund-Larsen Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025193 Late
1 Jan 2024 – 31 Dec 202485
1 Jan 2023 – 31 Dec 2023189 Late
1 Jan 2022 – 31 Dec 2022195 Late
1 Jan 2021 – 31 Dec 2021196 Late
1 Jan 2020 – 31 Dec 2020196 Late
1 Jan 2019 – 31 Dec 2019259 Late
29 Dec 2017 – 31 Dec 2018123

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
CEOSebastian Arnoldus MeislerCurrent
CEOAnders Ellemann KristensenCurrent
CEOErich Anton GrafCurrent
CEOBerit Laugesen Willumsgaard
CEOLars Gorm Østerbye Pedersen
CEOHans Bernard Lagerweij
CEOSebastian Arnoldus Meisler
CEOPatrick Stewart Shaw
BoardBernhard Johannes TermühlenCurrent
BoardDr. Rowil PontaCurrent
BoardJohn McKeonCurrent
BoardJens Højer Rasmussen
BoardRasmus Willumsgaard
BoardSøren Rasmussen
BoardMartin Berg Hansen
BoardCæcilie Højer Willumsgaard
Owner (100%)Nordic Expedition Cruises & Travel GmbHCurrent
Owner (100%)Albatros Holding ApS
AuditorREVISIONSFIRMAET EDELBO & LUND-LARSEN, STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorREVISIONSFIRMAET EDELBO STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderAlbatros Holding ApSCurrent

The CEOs' other companies

Sebastian Arnoldus Meisler – 1 other companies

Berit Laugesen Willumsgaard – 12 other companies

Lars Gorm Østerbye Pedersen – 8 other companies

Address history (1 moves)

c/o Albatros Travel A/S, Tøndergade 16, 1752 København V
Dronninggårds Alle 64, 2840 Holte

Former names

Polar Latitudes A/S – now
Albatros Expeditions A/S –

Other companies at the same address

Similar companies in København

Questions and answers about Polar Latitudes A/S

Has Polar Latitudes A/S gone bankrupt?

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

What is the bankruptcy risk of Polar Latitudes A/S?

Our model estimates a bankruptcy risk of 0.0% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.

Who is the CEO of Polar Latitudes A/S?

Sebastian Arnoldus Meisler, Anders Ellemann Kristensen, Erich Anton Graf are the CEOs of Polar Latitudes A/S.

Who is the auditor of Polar Latitudes A/S?

Polar Latitudes A/S most recently used REVISIONSFIRMAET EDELBO & LUND-LARSEN, STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was Polar Latitudes A/S founded?

Polar Latitudes A/S was founded on 29 December 2017.

What is the equity of Polar Latitudes A/S?

Equity was DKK 21.9m 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.