Sanasoq Ittoqqortoormiit ApS

CVR 43764993 · Private limited company (ApS) · Active · Medium risk

Sanasoq Ittoqqortoormiit ApS is a Private limited company (ApS), founded on , based in Ittoqqortoormiit. The company is registered in the industry tømrer- og bygningssnedkeraktiviteter. Our model estimates a bankruptcy risk of 2.0% over the next 12 months, which is 1.4 times the average for Danish companies. 3 annual reports have been published. The latest annual report (31 Dec 2025) shows equity of DKK 2.3m and a net result of DKK -925k. CEO: Ken Danielsen Madsen.

Bankruptcy risk for Sanasoq Ittoqqortoormiit ApS

2.0%
probability of bankruptcy within 12 months
Medium risk

1.4 × the average (1.41%) · higher risk than 82% of active Danish companies

Lowest riskHighest risk

Increases the risk

Return on assets< -20% · bankruptcy rate 16.7%1.9×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
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×
Time since new CEO2–5 yrs · bankruptcy rate 10.8%1.2×
Audit opted outYes · bankruptcy rate 10.4%1.2×
Auditor registered in CVRNo · bankruptcy rate 10.4%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Equity ratio40%–60% · bankruptcy rate 4.6%0.52×
Negative equityNo · bankruptcy rate 5.1%0.58×
Share of late annual reports< 0.01% · bankruptcy rate 5.2%0.59×
Auditor's statementCompilation · bankruptcy rate 5.6%0.64×
Reporting classReporting class B · bankruptcy rate 5.7%0.65×
Going-concern uncertaintyNo · bankruptcy rate 6.4%0.73×

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
43764993
Status
Active
Company type
Private limited company (ApS)
Founded
(3 years)
Address
–
3980 Ittoqqortoormiit
Municipality
Sermersooq
Industry
Tømrer- og bygningssnedkeraktiviteter (433200)
Bankruptcies in the industry: Tømrer- og bygningssnedkervirksomhed
Share capital
DKK 40k
Auditor
BDO Statsautoriseret Revisionspartnerselskab
Audit opted out
Yes

Warning signs

Annual reports filed late0 of 3
Missing annual reportNo
Negative equityNo
Equity ratio58.5%
Current ratio238%
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 year202520242023
Gross profitDKK 2.5mDKK 7.2mDKK 4.2m
Net profitDKK -925kDKK 2.4mDKK 780k
EquityDKK 2.3mDKK 3.3mDKK 820k
Total assetsDKK 4.0mDKK 5.4mDKK 2.5m
CashDKK 627kDKK 1.3m–
Short-term debtDKK 1.1mDKK 730k–
Tax owedDKK 451kDKK 22k–
Avg. employees68–

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 2025166
1 Jan 2024 – 31 Dec 2024167
2 Jan 2023 – 31 Dec 2023158

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
CEOKen Danielsen MadsenCurrent
Owner (50%)Ken Danielsen MadsenCurrent
Owner (33%)Simon Joel Jørgen Majaq SimonsenCurrent
FounderKen Danielsen MadsenCurrent
FounderSimon Joel Jørgen Majaq SimonsenCurrent

Address history (0 moves)

, 3980 Ittoqqortoormiit

Former names

Sanasoq Ittoqqortoormiit ApS – now
Sanasoq Ittoqqortoormiit ApS 2 –

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Questions and answers about Sanasoq Ittoqqortoormiit ApS

Has Sanasoq Ittoqqortoormiit ApS gone bankrupt?

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

What is the bankruptcy risk of Sanasoq Ittoqqortoormiit ApS?

Our model estimates a bankruptcy risk of 2.0% over the next 12 months (medium risk), which is 1.4 times the average for Danish companies.

Who is the CEO of Sanasoq Ittoqqortoormiit ApS?

Ken Danielsen Madsen is the CEO of Sanasoq Ittoqqortoormiit ApS.

Who is the auditor of Sanasoq Ittoqqortoormiit ApS?

Sanasoq Ittoqqortoormiit ApS most recently used BDO Statsautoriseret Revisionspartnerselskab.

When was Sanasoq Ittoqqortoormiit ApS founded?

Sanasoq Ittoqqortoormiit ApS was founded on 2 January 2023.

What is the equity of Sanasoq Ittoqqortoormiit ApS?

Equity was DKK 2.3m 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.