SIMAC Due Diligence

Run due diligence on SIMAC: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by MCKENNA HOLDING ApS (Denmark) · simac.dk · 18 vendors

SIMAC (Svendborg International Maritime Academy) is a Danish maritime educational institution offering professional training programs in maritime disciplines. The school educates students to become marine engineers (maskinmester), ship captains (skibsfører), naval officers (skibsofficer), and maritime technologists (maritim teknolog). It serves students aspiring to work at sea or in land-based maritime industries.

Resilience scores

Technology vendors

Insights

Last updated 2026-10-06 · revision 3

18 direct vendors, 189 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 3/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

SIMAC exhibits low migration readiness, primarily due to the highly specialized nature of its core operational technology. The 'Key Technologies' such as Full Mission Engine Room Simulators, Navigation Simulators, VR Welding Simulators, PLCs, and SCADA systems are likely hardware-dependent and deeply integrated on-premise, making a transition to a cloud-native, containerized, or microservices architecture extremely challenging, if not impossible, for these critical components. While the 'Internal Tech Stack' includes Umbraco CMS, which is more amenable to cloud hosting, it is not inherently cloud-native. The 'Medium' vendor lock-in risk, particularly for the specialized simulation and industrial control systems, could significantly complicate efforts to re-platform or switch vendors. Data residency requirements are likely within Denmark/EU, which could restrict cloud provider and region choices. Financial stability, being dependent on government funding, introduces uncertainty regarding the allocation and availability of resources for a major migration initiative. Additionally, the potential for NIS2 scope adds regulatory complexity that would need careful consideration during any migration strategy. Opportunities for migration are limited mainly to the Umbraco CMS and other general IT services, while the core educational delivery infrastructure presents substantial barriers to modernization and cloud adoption.

Compliance

9 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

SIMAC is established in Denmark, a member state of the European Union. Therefore, it is subject to the General Data Protection Regulation (GDPR) for the processing of personal data of its employees, students, and other contacts.

Evidence: https://www.europeansources.info/record/directive-2008-106-ec-of-the-european-parliament-and-of-the-council-of-19-november-2008-on-the-minimum-level-of-training-of-seafarers-recast/, https://nordicsim.com/simulators/maritime-simulators/

STCW Convention — Evidence found

As a major international maritime education and training institution, its certifications for seafarers must comply with this global standard. SIMAC's own materials state its courses are developed in accordance with the STCW Convention.

Evidence: https://mtsd.dk/, https://simac.dk/simac-training-en, https://www.google.com/search?q=time+in+Denmark&ucbcb=1, https://www.scribd.com/document/45805519/STCW-Summary, https://marinerskills.com/2025/11/10/elementor-2869/index.html, https://www.edumaritime.net/stcw-courses/stcw-simulator-courses

ISO 27001 (source) — No public evidence

ISO 27001 is a voluntary information security standard. Its applicability would be driven by customer requirements or a strategic decision by SIMAC to demonstrate its commitment to information security. The maritime industry is increasingly focused on cybersecurity.

Evidence: https://www.simac.com/en/about-simac/certificeringen

Financials

Three-year financials

Financial Resilience Score: 5/10

Simac ApS has demonstrated consistent profitability across all four reported years (2022-2025) with net profit ranging from DKK 0.56M to DKK 1.24M and EBIT between DKK 0.95M and DKK 1.66M on a stable, small cost base. Historical solidity was rated 'good' at 47.2% in 2022 and the business survived COVID disruption while gradually scaling headcount from 6 to 8 average employees. Two owner-operators (Simon Paul Sheard and Brian Paul Mc Kenna) with joint-signature governance provide operational continuity, and chef-led positioning adds brand credibility. However, equity has eroded every year since 2022 (DKK 2.10M → 1.76M → 1.28M → 1.00M), approaching the minimum capitalisation level, suggesting dividends/withdrawals have systematically exceeded retained earnings. FY2025 showed a meaningful reversal with gross profit down 7.2% and EBIT down 22.3% after a strong 2024. Liquidity ratio was rated 'weak' at 66% in the latest ratio dataset. The business is a single-site Frederiksberg restaurant with full exposure to Copenhagen hospitality demand, lease costs, and labour inflation, and revenue is not publicly disclosed, limiting transparency.

Key strengths: Consistently net-profit-positive 2022-2025, Historical solidity ~47% (good) in 2022, Stable owner-operator management with joint-signature governance, Controlled headcount growth from 6 to 8 average employees, Chef-led restaurant profile with Michelin-pedigree co-founder

Risk factors: Equity declining every year since 2022, nearing minimum capitalisation, FY2025 earnings reversal (EBIT -22.3%, gross profit -7.2%), Weak liquidity ratio (66%) flagged as 'Svag', Revenue (nettoomsætning) not disclosed in accounts, Single-site concentration at Smallegade 31, Frederiksberg, Gap between CVR headcount (21) and accounts average (8) suggests shift/part-time labour exposure, Ongoing dividend distributions eroding retained earnings

Revenue by geography

Revenue by product/service

Workforce by country

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