Arctic Hiking and Expeditions ApS

CVR 42553042 · Private limited company (ApS) · Active · Medium risk

Arctic Hiking and Expeditions ApS is a Private limited company (ApS), founded on , based in Kulusuk. The company is registered in the industry rejsearrangørers aktiviteter. Our model estimates a bankruptcy risk of 1.8% over the next 12 months, which is 1.3 times the average for Danish companies. 4 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 478k and a net result of DKK 147k. CEO: Einar Torfi Finnsson, Kristinn Garðarsson.

Bankruptcy risk for Arctic Hiking and Expeditions 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

Share of late annual reports50%–75% · bankruptcy rate 18.4%2.1×
Number of auditors (historical)0 · bankruptcy rate 12.5%1.4×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Annual reports filed late2 · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Return on assets5%–15% · bankruptcy rate 3.5%0.39×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Loss for the yearNo · bankruptcy rate 5.3%0.60×
Current ratio150%–200% · bankruptcy rate 5.4%0.61×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×

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
42553042
Status
Active
Company type
Private limited company (ApS)
Founded
(5 years)
Address
–
3915 Kulusuk
Municipality
Sermersooq
Industry
Rejsearrangørers aktiviteter (791200)
Bankruptcies in the industry: Rejsearrangører
Share capital
DKK 150k
Auditor
Grønlands Revision, Godkendt Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late2 of 4
Missing annual reportNo
Negative equityNo
Equity ratio47.1%
Current ratio162%
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 206kDKK -140k
Net profitDKK 147kDKK -150k
EquityDKK 478kDKK 331k
Total assetsDKK 1.0mDKK 877k
CashDKK 850k–
Short-term debtDKK 537k–
Tax owedDKK 7,425–
Avg. employees2–

Latest annual report: Reporting class B · auditor's statement: Andre erklæringer uden sikkerhed · Grønlands Revision, Godkendt Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025203 Late
1 Jan 2024 – 31 Dec 2024223 Late
1 Jan 2023 – 31 Dec 2023156
16 Jul 2021 – 31 Dec 2022172

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
CEOEinar Torfi FinnssonCurrent
CEOKristinn GarðarssonCurrent
Owner (50%)Einar Torfi FinnssonCurrent
Owner (50%)Kristinn GarðarssonCurrent
FounderEinar Torfi FinnssonCurrent
FounderKristinn GarðarssonCurrent

Address history (1 moves)

, 3915 Kulusuk
Anders Olsensvej, 3920 Qaqortoq

Similar companies in Sermersooq

Questions and answers about Arctic Hiking and Expeditions ApS

Has Arctic Hiking and Expeditions ApS gone bankrupt?

No, Arctic Hiking and Expeditions ApS is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of Arctic Hiking and Expeditions 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 Arctic Hiking and Expeditions ApS?

Einar Torfi Finnsson, Kristinn Garðarsson are the CEOs of Arctic Hiking and Expeditions ApS.

Who is the auditor of Arctic Hiking and Expeditions ApS?

Arctic Hiking and Expeditions ApS most recently used Grønlands Revision, Godkendt Revisionspartnerselskab.

When was Arctic Hiking and Expeditions ApS founded?

Arctic Hiking and Expeditions ApS was founded on 16 July 2021.

What is the equity of Arctic Hiking and Expeditions ApS?

Equity was DKK 478k 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.