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Polar Latitudes A/S

Public limited companyCVR 39198177København VActive

Polar Latitudes A/S is a public limited company, based in København V, active in travel agency activities, founded in 2017. The company went from a profit in 2024 to a loss of DKK 5.6m in 2025. Measured by gross profit, it ranks no. 4 of 125 companies in the industry in the database. With 23 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 84.4m+124.1% vs. 2024
Net profit−DKK 5.6m−114.3% vs. 2024
EquityDKK 20.6m−28.5% vs. 2024
Employees23latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 124% (2024 → 2025), to DKK 84.4m.
  • Net profit went from a profit of DKK 39.2m to a loss of DKK 5.6m (2024 → 2025).
  • Equity fell 28% (2024 → 2025), to DKK 20.6m.

Employees

  • 5 more employees than a year earlier: 23 (07/2026) against 18 (07/2025).

Management and owners, last 24 months

  • New in management: Bernhard Johannes Termühlen (chair of the board, 22/04/2025), Dr. Rowil Ponta (board member, 22/04/2025) and John McKeon (board member, 22/04/2025) (+6).
  • Stepped down: Jens Højer Rasmussen (board member, 22/04/2025), Rasmus Willumsgaard (board member, 22/04/2025) and Søren Rasmussen (chair of the board, 22/04/2025) (+4).
  • New owners registered: Nordic Expedition Cruises & Travel GmbH (22/04/2025).
  • No longer registered as owner: Albatros Holding ApS (22/04/2025).

Registrations, last 24 months

  • 29/08/2025: Name changed from Albatros Expeditions A/S to Polar Latitudes A/S
  • 01/01/2025: Industry changed to Travel agency activities (791100)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Polar Latitudes A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−3,212−12,248−18,32825,14437,66884,402+124.1%
Operating profit (EBIT)––−24,83517,30527,09349,984+84.5%
Profit before tax−21,813−10,221−17,9826050,346−5,183−110.3%
Net profit−17,015−7,762−13,899−41339,204−5,621−114.3%
Total assets59,25472,421124,962166,459208,240690,582+231.6%
Equity−275−8,038−9,936−10,34928,85520,645−28.5%
Liabilities59,52980,458134,898176,339178,847669,369+274.3%
Cash and cash equivalents2,3012,75920,04010,11129,47061,299+108%
Average number of employees181415151649+206.3%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020212022202320242025
Gross profitMedian, the industry (125 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Low equity ratio

    Equity makes up 3% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for Polar Latitudes A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202512/07/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202426/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202307/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202214/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202015/07/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
051015202508/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

125 companies in the database

Comparison with the other companies in travel agency activities based on the latest financial year.

Gross profitDKK 84.4mNo. 4 of 125
Better than 98% of the companies in the industry
EquityDKK 20.6mNo. 14 of 125
Better than 90% of the companies in the industry
Number of employees23No. 12 of 125
Better than 91% of the companies in the industry

Industry median: gross profit DKK 2.8m, net profit DKK 448k, equity DKK 2m, 5 employees.

DKK 100kDKK 760kDKK 5.8mDKK 43.9mDKK 169.5mHere
Distribution of gross profit for 119 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with 20–49 employees9,922 companies in the comparison
No. 178of 9,892
Better than 98%
No. 1,695of 9,922
Better than 83%
Same industry and 20–49 employees16 companies in the comparison
No. 1of 16
Better than 100%
No. 4of 16
Better than 80%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 392of 33,588
Better than 99%
No. 2,255of 33,687
Better than 93%
All companies of type A/S18,025 companies in the comparison
No. 1,834of 17,786
Better than 90%
No. 6,061of 18,024
Better than 66%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Travel agency activities
Gross profit
  1. Polar Latitudes A/SDKK 84.4m
  2. Kilroy International A/SDKK 333.1m
  3. Albatros Travel A/SDKK 173.1m
Net profit
  1. Polar Latitudes A/S−DKK 5.6m
  2. Kilroy International A/SDKK 11.6m
  3. Albatros Travel A/SDKK 27.5m
Equity
  1. Polar Latitudes A/SDKK 20.6m
  2. Kilroy International A/SDKK 54.7m
  3. Albatros Travel A/SDKK 102.3m
Employees
  1. Polar Latitudes A/S23
  2. Kilroy International A/S79
  3. Albatros Travel A/S148

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Nordic Expedition Cruises & Travel GmbH100%
Polar Latitudes A/S

Management

7 active registrations

Executive management

Executive management at Polar Latitudes A/S
NameRoleAppointed
Sebastian Arnoldus MeislerDirector06/02/2026
Anders Ellemann KristensenDirector06/02/2026
Erich Anton GrafDirector06/02/2026
Filip Werne HermannCEO17/08/2026

Board of directors

Board of directors at Polar Latitudes A/S
NameRoleAppointed
Bernhard Johannes TermühlenChair of the board22/04/2025
Dr. Rowil PontaBoard member22/04/2025
John McKeonBoard member22/04/2025
Founders
Albatros Holding ApS
Former management (10)
Former management at Polar Latitudes A/S
NameRoleAppointedResigned
Jens Højer RasmussenBoard member29/12/201722/04/2025
Rasmus WillumsgaardBoard member29/12/201722/04/2025
Søren RasmussenChair of the board29/12/201722/04/2025
Berit Laugesen WillumsgaardDirector29/12/201720/09/2018
Martin Berg HansenBoard member20/09/201822/04/2025
Lars Gorm Østerbye PedersenDirector20/09/201826/08/2020
Hans Bernard LagerweijDirector26/08/202024/02/2022
Sebastian Arnoldus MeislerDirector24/02/202202/04/2025
Cæcilie Højer WillumsgaardBoard member30/12/202422/04/2025
Patrick Stewart ShawDirector02/04/202506/02/2026

Signing rule: Selskabet tegnes af bestyrelsesformanden eller af en direktør i forening med et bestyrelsesmedlem eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Tøndergade 16
1752 København V

København Municipality · Postcode 1752

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Polar Latitudes A/STøndergade 16, 1752 København V261023180339

Purpose

Selskabets formål er at drive rejsebureauvirksomhed og hertil knyttede aktiviteter.

The purpose is quoted from the register in Danish.

Changes year by year

42 registered events
20266 changesmanagement 5 · accounts 1
  • Filip Werne Hermann appointed ceo
  • Annual report for 2025 published
  • Sebastian Arnoldus Meisler appointed director
  • Erich Anton Graf appointed director
  • Anders Ellemann Kristensen appointed director
  • Patrick Stewart Shaw stepped down as director
202515 changesname 1 · management 10 · ownership 2 · accounts 1 · industry 1
  • Name changed from Albatros Expeditions A/S to Polar Latitudes A/S
  • Bernhard Johannes Termühlen appointed chair of the board
  • John McKeon appointed board member
  • Dr. Rowil Ponta appointed board member
  • Cæcilie Højer Willumsgaard stepped down as board member
  • Martin Berg Hansen stepped down as board member
  • Rasmus Willumsgaard stepped down as board member
  • Søren Rasmussen stepped down as chair of the board
  • Jens Højer Rasmussen stepped down as board member
  • Nordic Expedition Cruises & Travel GmbH registered as owner (100%)
  • Albatros Holding ApS is no longer registered as owner
  • Patrick Stewart Shaw appointed director
  • Sebastian Arnoldus Meisler stepped down as director
  • Annual report for 2024 published
  • Industry changed to Travel agency activities (791100)
20242 changesmanagement 1 · accounts 1
  • Cæcilie Højer Willumsgaard appointed board member
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20224 changescapital 1 · accounts 1 · management 2
  • Share capital changed from 510,000 DKK to 520,000 DKK
  • Annual report for 2021 published
  • Sebastian Arnoldus Meisler appointed director
  • Hans Bernard Lagerweij stepped down as director
20211 changeaccounts 1
  • Annual report for 2020 published
20203 changescapital 1 · management 2
  • Share capital changed from 500,000 DKK to 510,000 DKK
  • Hans Bernard Lagerweij appointed director
  • Lars Gorm Østerbye Pedersen stepped down as director
20184 changesaddress 1 · management 3
  • Moved to Tøndergade 16, 1752 København V
  • Martin Berg Hansen appointed board member
  • Lars Gorm Østerbye Pedersen appointed director
  • Berit Laugesen Willumsgaard stepped down as director
20176 changesfounded 1 · management 4 · ownership 1
  • Registered as Albatros Expeditions A/S
  • Rasmus Willumsgaard appointed board member
  • Berit Laugesen Willumsgaard appointed director
  • Søren Rasmussen appointed chair of the board
  • Jens Højer Rasmussen appointed board member
  • Albatros Holding ApS registered as owner (100%)

Related companies

Same industry in København

See all →

Same people in management

Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

View in CVRReport a correction