Greenland Craftworks ApS

CVR 41239026 · Private limited company (ApS) · Active · Low risk

Greenland Craftworks ApS is a Private limited company (ApS), founded on , based in Narsaq. The company is registered in the industry engroshandel med øl, mineralvand, frugt- og grøntsagssaft. Our model estimates a bankruptcy risk of 0.9% over the next 12 months, which is 0.6 times the average for Danish companies. 6 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK -150k and a net result of DKK -111k. CEO: Fridrik Magnusson.

Bankruptcy risk for Greenland Craftworks ApS

0.9%
probability of bankruptcy within 12 months
Low risk

0.6 × the average (1.41%) · higher risk than 69% of active Danish companies

Lowest riskHighest risk

Increases the risk

Share of late annual reports75%+ · bankruptcy rate 29.8%3.4×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Equity ratio-50%–0% · bankruptcy rate 14.8%1.7×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Current ratio50%–100% · bankruptcy rate 11.7%1.3×
CEO changes1 · bankruptcy rate 11.4%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×

Reduces the risk

Time at current address5+ yrs · bankruptcy rate 3.1%0.35×
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×
Return on assets-20%–0% · bankruptcy rate 6.2%0.70×
Published annual reports5–10 · bankruptcy rate 6.3%0.72×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×
Industry changes1 · bankruptcy rate 6.5%0.74×

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
41239026
Status
Active
Company type
Private limited company (ApS)
Founded
(6 years)
Address
Alanngunguup Saqqaa 819
3921 Narsaq
Municipality
Kujalleq
Industry
Engroshandel med øl, mineralvand, frugt- og grøntsagssaft (463410)
Bankruptcies in the industry: Vikarbureauer
Share capital
DKK 50k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late6 of 6
Missing annual reportNo
Negative equityYes
Equity ratio-4.2%
Current ratio59%
Moves (last 2 years)0
CEO changes in total1
CEO's previous bankruptcies0
Other companies at the address0
Going-concern uncertaintyNo

Financials and key figures

Financial year20252024
Gross profitDKK 12kDKK -7,032
Net profitDKK -111kDKK -11k
EquityDKK -150kDKK -39k
Total assetsDKK 3.6mDKK 223k
CashDKK 146k–
Short-term debtDKK 3.7m–
Avg. employees1–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · BDO Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025183
1 Jan 2024 – 31 Dec 2024189 Late
1 Jan 2023 – 31 Dec 2023191 Late
1 Jan 2022 – 31 Dec 2022193 Late
1 Jan 2021 – 31 Dec 2021203 Late
23 Jan 2020 – 31 Dec 2020228 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
CEOFridrik MagnussonCurrent
CEOGylfi Scheving Asbjornsson
Owner (100%)NEVA ehf.Current
Owner (50%)Fridrik Magnusson
Owner (50%)Gylfi Scheving Asbjornsson
FounderFridrik MagnussonCurrent

Address history (0 moves)

Alanngunguup Saqqaa 819, 3921 Narsaq

Former names

Greenland Craftworks ApS – now
South Greenland ApS –

Questions and answers about Greenland Craftworks ApS

Has Greenland Craftworks ApS gone bankrupt?

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

What is the bankruptcy risk of Greenland Craftworks ApS?

Our model estimates a bankruptcy risk of 0.9% over the next 12 months (low risk), which is 0.6 times the average for Danish companies.

Who is the CEO of Greenland Craftworks ApS?

Fridrik Magnusson is the CEO of Greenland Craftworks ApS.

Who is the auditor of Greenland Craftworks ApS?

Greenland Craftworks ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Greenland Craftworks ApS founded?

Greenland Craftworks ApS was founded on 23 January 2020.

What is the equity of Greenland Craftworks ApS?

Equity was DKK -150k 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.