Innovation South Greenland A/S

CVR 40721436 · Public limited company (A/S) · Active · Low risk

Innovation South Greenland A/S is a Public limited company (A/S), founded on , based in Qaqortoq. The company is registered in the industry ikke-finansielle holdingselskaber. Our model estimates a bankruptcy risk of 0.2% 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 2.6m and a net result of DKK 583k. CEO: Miki Jensen.

Bankruptcy risk for Innovation South Greenland A/S

0.2%
probability of bankruptcy within 12 months
Low risk

0.2 × the average (1.41%) · higher risk than 49% of active Danish companies

Lowest riskHighest risk

Increases the risk

Time at current address0.5–1 yrs · bankruptcy rate 16.5%1.9×
CEO's previous bankruptcies1 · bankruptcy rate 14.2%1.6×
Moves in the last 2 years1 · bankruptcy rate 12.7%1.4×
Website registeredYes · bankruptcy rate 12.0%1.4×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
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×
Gross profit growth-10%–0% · bankruptcy rate 4.3%0.49×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · 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
40721436
Status
Active
Company type
Public limited company (A/S)
Founded
(7 years)
Address
Havnevej
3920 Qaqortoq
Municipality
Kujalleq
Industry
Ikke-finansielle holdingselskaber (642120)
Bankruptcies in the industry: Ikke-finansielle holdingselskaber
Share capital
DKK 500k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
No

Warning signs

Annual reports filed late2 of 7
Missing annual reportNo
Negative equityNo
Equity ratio63.0%
Current ratio271%
Moves (last 2 years)1
CEO changes in total4
CEO's previous bankruptcies1
Other companies at the address3
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
RevenueDKK 13.6mDKK 13.5m
Gross profitDKK 6.9mDKK 6.9m
Net profitDKK 583kDKK 235k
EquityDKK 2.6mDKK 2.0m
Total assetsDKK 4.1mDKK 4.6m
CashDKK 3.0m–
Short-term debtDKK 1.5m–
Tax owedDKK 194k–
Avg. employees11–

Latest annual report: Reporting class B · auditor's statement: Den uafhængige revisors erklæring · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025111
1 Jan 2024 – 31 Dec 202494
1 Jan 2023 – 31 Dec 2023135
1 Jan 2022 – 31 Dec 2022121
1 Jan 2021 – 31 Dec 2021180
1 Jan 2020 – 31 Dec 2020229 Late
8 Aug 2019 – 31 Dec 2019268 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

RoleNameFromTo
CEOMiki JensenCurrent
CEOAllan Schmidt Chemnitz
CEOKista Isaksen
BoardJonna Elna Lone Jakobine JensenCurrent
BoardOle VestergaardCurrent
BoardSteffen LundCurrent
BoardMogens Humlekrog GreveCurrent
BoardSalomon Kasper John MotzfeldtCurrent
BoardAnne Marie Naussunguaq Hindby BorgCurrent
BoardKattie Pauline NielsenCurrent
BoardMinik Pilutaq Kristen Dahl HøeghCurrent
BoardRasmus Christian Rasmussen
BoardStorch Gotfred Jonas Lund
BoardKarl Aron Kristoffer Simon Simonsen
BoardArne Fleischer
BoardPoul-Erik Mikisuluk Serano Frederiksen
BoardPavia Peter Ejvind Lyberth Fontain
BoardLars Motzfeldt Jensen
BoardJim Riis
BoardOle Vestergaard
BoardHans Peter Hansen
BoardHentzar Petersen
BoardClaus Jørgen Breth Pedersen
BoardHans Peter Hansen
BoardOle Christian Anthon Christiansen
BoardTine Jensigne Pars
BoardKattie Pauline Nielsen
BoardEllen Kristine Næsgaard Madsen
Owner (100%)Kommune KujalleqCurrent
AuditorBDO Statsautoriseret RevisionspartnerselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderKommune KujalleqCurrent

The CEOs' other companies

Miki Jensen – 2 other companies, of which 1 bankrupt

Allan Schmidt Chemnitz – 6 other companies, of which 2 bankrupt

Address history (2 moves)

Havnevej, 3920 Qaqortoq
Torvevej 34, 3920 Qaqortoq
c/o Kommune Kujalleq, Anders Olsensvej, 3920 Qaqortoq

Other companies at the same address

Questions and answers about Innovation South Greenland A/S

Has Innovation South Greenland A/S gone bankrupt?

No, Innovation South Greenland A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Innovation South Greenland A/S?

Our model estimates a bankruptcy risk of 0.2% over the next 12 months (low risk), which is 0.2 times the average for Danish companies.

Who is the CEO of Innovation South Greenland A/S?

Miki Jensen is the CEO of Innovation South Greenland A/S.

Who is the auditor of Innovation South Greenland A/S?

Innovation South Greenland A/S most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Innovation South Greenland A/S founded?

Innovation South Greenland A/S was founded on 8 August 2019.

What is the equity of Innovation South Greenland A/S?

Equity was DKK 2.6m 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.