Milak Productions ApS

CVR 40326588 · Private limited company (ApS) · Active · Medium risk

Milak Productions ApS is a Private limited company (ApS), founded on , based in Sisimiut. The company is registered in the industry fremstilling af tasker, kufferter, sadelmagervarer mv., uanset materialets art. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 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 -1.3m and a net result of DKK -310k. CEO: Ulloriaq Mads Kreutzmann.

Bankruptcy risk for Milak Productions ApS

1.8%
probability of bankruptcy within 12 months
Medium risk

1.3 × the average (1.41%) · higher risk than 81% 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×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Has a boardYes · bankruptcy rate 6.0%0.68×
Registered owners3 · bankruptcy rate 6.2%0.71×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Capital changes1 · bankruptcy rate 7.0%0.80×

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
40326588
Status
Active
Company type
Private limited company (ApS)
Founded
(7 years)
Address
Jaakunnguup Aqquserna 2
3911 Sisimiut
Municipality
Qeqqata
Industry
Fremstilling af tasker, kufferter, sadelmagervarer mv., uanset materialets art (151200)
Bankruptcies in the industry: Fremstilling af tasker, kufferter, sadelmagervarer mv.
Share capital
DKK 40k
Auditor
Nordisk Revision
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityYes
Equity ratio-216.9%
Current ratio34%
Moves (last 2 years)0
CEO changes in total0
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK -34kDKK -77k
Net profitDKK -310kDKK -395k
EquityDKK -1.3mDKK -982k
Total assetsDKK 596kDKK 557k
Short-term debtDKK 1.4m–
Tax owedDKK 5,300–
Avg. employees0–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Nordisk Revision.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025173
1 Jan 2024 – 31 Dec 2024181
1 Jan 2023 – 31 Dec 2023204 Late
1 Jan 2022 – 31 Dec 2022191 Late
1 Jan 2021 – 31 Dec 2021124
1 Jan 2020 – 31 Dec 2020161
16 Jan 2019 – 31 Dec 2019171

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
CEOUlloriaq Mads KreutzmannCurrent
BoardPaarma Sara Egede Lund KreutzmannCurrent
BoardKarin Pedersen ThorsenCurrent
BoardJens-Jakob Martin Lennert Sandgreen
BoardTaitsiannguaq Attli Havgrimur Tröndheim
BoardInoqut Ole Tellesen Kristensen
BoardTavik Frederik Jens Tröndheim
BoardJens-Jakob Martin Lennert Sandgreen
BoardTavik Frederik Jens Tröndheim
Owner (25%)Ulloriaq Mads KreutzmannCurrent
Owner (25%)Paarma Sara Egede Lund KreutzmannCurrent
Owner (20%)NALIK Capital A/SCurrent
Owner (50%)Ulloriaq Mads Kreutzmann
Owner (50%)Paarma Sara Egede Lund Kreutzmann
Owner (20%)Wildfood ApS
FounderUlloriaq Mads KreutzmannCurrent
FounderPaarma Sara Egede Lund KreutzmannCurrent

The CEOs' other companies

Ulloriaq Mads Kreutzmann – 1 other companies

Address history (2 moves)

Jaakunnguup Aqquserna 2, 3911 Sisimiut
Jaakunnguup Aqquserna, 3911 Sisimiut
Kunuuteralaap Aqquserna 1, 3911 Sisimiut

Former names

Milak Productions ApS – now
Milak Productions IVS –

Questions and answers about Milak Productions ApS

Has Milak Productions ApS gone bankrupt?

No, Milak Productions ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Milak Productions ApS?

Our model estimates a bankruptcy risk of 1.8% over the next 12 months (medium risk), which is 1.3 times the average for Danish companies.

Who is the CEO of Milak Productions ApS?

Ulloriaq Mads Kreutzmann is the CEO of Milak Productions ApS.

Who is the auditor of Milak Productions ApS?

Milak Productions ApS most recently used Nordisk Revision.

When was Milak Productions ApS founded?

Milak Productions ApS was founded on 16 January 2019.

What is the equity of Milak Productions ApS?

Equity was DKK -1.3m 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.