Arctic Works ApS
CVR 39855763 · Private limited company (ApS) · Active · Low risk
Arctic Works ApS is a Private limited company (ApS), founded on , based in Nuussuaq. The company is registered in the industry vikarbureauers aktiviteter og anden personaleformidling. Our model estimates a bankruptcy risk of 0.3% over the next 12 months, which is 0.2 times the average for Danish companies. 7 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 -617k and a net result of DKK -134k. CEO: Jeppe Olsen, Martin Sandy Shalmi.
Bankruptcy risk for Arctic Works ApS
0.2 × the average (1.41%) · higher risk than 56% of active Danish companies
Increases the risk
Reduces the risk
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
- 39855763
- Status
- Active
- Company type
- Private limited company (ApS)
- Founded
- (8 years)
- Address
- Naternaq 17
3905 Nuussuaq - Municipality
- Sermersooq
- Industry
- Vikarbureauers aktiviteter og anden personaleformidling (782000)
Bankruptcies in the industry: Vikarbureauer - Share capital
- DKK 50k
- Audit opted out
- Yes
Warning signs
| Annual reports filed late | 2 of 7 |
| Missing annual report | No |
| Negative equity | Yes |
| Equity ratio | -263.6% |
| Current ratio | 28% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 4 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 7 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 277k | DKK 907k | DKK 1.5m |
| Net profit | DKK -134k | DKK -331k | DKK 187k |
| Equity | DKK -617k | DKK -483k | DKK -152k |
| Total assets | DKK 234k | DKK 642k | DKK 394k |
| Cash | DKK 34k | DKK 320k | – |
| Short-term debt | DKK 851k | DKK 1.1m | – |
Latest annual report: Reporting class B, mikrovirksomhed · auditor's statement: No assurance.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 138 | ||
| 1 Jan 2024 – 31 Dec 2024 | 116 | ||
| 1 Jan 2023 – 31 Dec 2023 | 131 | ||
| 1 Jan 2022 – 31 Dec 2022 | 167 | ||
| 1 Jan 2021 – 31 Dec 2021 | 160 | ||
| 1 Jan 2020 – 31 Dec 2020 | 298 | Late | |
| 31 Aug 2018 – 31 Dec 2019 | 185 | 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
| Role | Name | From | To |
|---|---|---|---|
| CEO | Jeppe Olsen | Current | |
| CEO | Martin Sandy Shalmi | Current | |
| CEO | Bent Jensen | ||
| Board | Martin Sandy Shalmi | ||
| Board | Bent Jensen | ||
| Board | Georg Georgiou | ||
| Board | Deborah Dagbjört Blyden | ||
| Owner (100%) | XPLORATION SERVICES GREENLAND A/S | Current | |
| Owner (33%) | XPLORATION SERVICES GREENLAND A/S | ||
| Owner (100%) | Handafl ehf. | ||
| Owner (50%) | Svarthóll EHF. | ||
| Owner (50%) | Georg Georgiou | ||
| Founder | Handafl ehf. | Current |
The CEOs' other companies
Martin Sandy Shalmi – 27 other companies
- 21st NORTH ApS Active
- A & M ApS Opløst
- ARCTIC CORE DRILLING A/S Compulsorily dissolved
- Café Tamu ApS Active
- Café Tamu Paamiut ApS Active
- Elektrikerit Paamiut ApS Compulsorily dissolved
- FBC-E ApS Active
- FBC-R ApS Active
- FBC-V ApS Active
- FREDERIKSHÅB BETONCENTRAL ApS Active
- GREENLAB GREENLAND A/S Opløst
- GREENTOP GREENLAND ApS Active
- GRØNLANDSK PRODUKTION A/S Active
- GeoLAB Greenland ApS Active
- Greenland Water Resources A/S Active
- Karl Bejder Entreprenør & Stenindustri A/S Active
- Martin Sandy Shalmi ApS Active
- NALIK Capital A/S Active
- NALUNAQ GOLD MINE A/S Opløst
- Pinguaraq Development ApS Active
- Prime View ApS Active
- ROYAL GREENLAND A/S Active
- SHALMI A/S Active
- Sandy ApS Active
- TOORNAT ILLUAT ApS Fusioneret
- VINSLOTTET GRØNLAND A/S Active
- XPLORATION SERVICES GREENLAND A/S Active
Bent Jensen – 4 other companies, of which 1 bankrupt
- TRUE NORTH GEMS GREENLAND A/S Bankrupt 5 Sep 2016
- ISERIT A/S Active
- NAIP West Exploration A/S Active
- XPLORATION SERVICES GREENLAND A/S Active
Address history (1 moves)
| Naternaq 17, 3905 Nuussuaq | |
| Imaneq 41, 3900 Nuuk |
Former names
| Arctic Works ApS | – now |
| GreenWorks ApS | – |
Other companies at the same address
Similar companies in Sermersooq
- Arctic Vikar ApS Nuussuaq
- Din Bygge Service Grønland IVS Nuuk
- EastWest Greenland ApS Nuuk
- PolarGreen ApS Nuuk
Questions and answers about Arctic Works ApS
Has Arctic Works ApS gone bankrupt?
No, Arctic Works ApS is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of Arctic Works ApS?
Our model estimates a bankruptcy risk of 0.3% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.
Who is the CEO of Arctic Works ApS?
Jeppe Olsen, Martin Sandy Shalmi are the CEOs of Arctic Works ApS.
When was Arctic Works ApS founded?
Arctic Works ApS was founded on 31 August 2018.
What is the equity of Arctic Works ApS?
Equity was DKK -617k 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.