433646932024-01-012024-12-31433646932024-01-012024-12-311433646932024-01-012024-12-311433646932024-12-31433646932023-12-31fsa:ContributedCapitalMember433646932023-12-31fsa:RetainedEarningsMember433646932023-12-31433646932024-01-012024-12-31fsa:ContributedCapitalMember433646932024-01-012024-12-31fsa:RetainedEarningsMember433646932024-12-31fsa:ContributedCapitalMember433646932024-12-31fsa:RetainedEarningsMember433646932022-07-012023-12-31iso4217:DKKThe Executive Board has today considered and approved the annual report of Brogaard Holding ApS for the financial year 01.01.2024 - 31.12.2024. 1516928946The annual report is presented in accordance with the Danish Financial Statements Act.-15169-28946In my opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.11971612950I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.10540I consider the preconditions for not auditing the financial statements for the financial year 01.01.2024 - 31.12.2024 to be complied with.864040I recommend the annual report for adoption at the Annual General Meeting.1921814050Copenhagen-970-30006Magnus Brogaard Larsen-970-30006To Management of Brogaard Holding ApSWe have compiled the financial statements of Brogaard Holding ApS for the financial year 01.01.2024 - 31.12.2024 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. 1834114303469Silkeborg1834114303469Heidi Julitta Østergaard Jensen1834114303469mne341631450652934State Authorised Public Accountant1450652934Primary activitiesThe Company's main activity is to invest in quoted and unquoted stocks. 1979179306403Development in activities and financesThe company's equity is less than half of the contributed capital as of December 31 2024. The shareholder expects that the company can re-establish its capital through ongoing operations and ensure that sufficient liquidity is earned to meet its obligations as they fall due. If this is not the case, the shareholder will contribute additional capital as needed. Material misstatements have been identified in prior years for the financial statements for 2023. These misstatements are due to other investments being initially valued incorrectly. The correction of these material misstatements at the opening balance has resulted in an increase in other investments, a reduction in equity, and a reduction in the income statement by DKK 44,456 as of 31 December 2024.4000040000Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-75435-74465This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.-35435-34465Non-comparabilityThis is the Company's second financal year. The first financial year comprise the period 1 July 2022 - 31 December 2023.150000Material errors in previous yearsMaterial misstatements have been identified in prior years for the financial statements for 2023. These misstatements are due to other investments being initially valued incorrectly. The correction of these material misstatements at the opening balance has resulted in an increase in other investments, a reduction in equity, and a reduction in the income statement by DKK 44,456 as of 31 December 2024.1226800314866Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.77281426002Other external expensesOther external expenses include expenses relating to the Entity's ordinary activities.2014614340868Income from other fixed asset investments Income from other fixed asset investments comprises gains in the form of interest, dividends, etc. on fixed asset investments which are not investments in group enterprises or associates.2014614340868Other financial incomeOther financial income comprises dividends etc. received on other investments, interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish Tax Prepayment Scheme etc.1979179306403Impairment losses on financial assetsImpairment losses on financial assets comprise impairment losses on financial assets which are not measured at fair value on a current basis.40000Other financial expensesOther financial expenses comprise interest expenses.-30006Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value. The Company only holds investments in unlisted equity.CashCash comprises cash in bank deposits.0Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.-44459Ikke væsentlig usikkerhed vedr. fortsat drift-44459true-9702025-06-292025-06-2940000true-75435339635562022-07-011 Uncertainty related to going concernThe company's equity is less than half of the contributed capital as of December 31 2024. The shareholder expects that the company can re-establish its capital through ongoing operations and ensure that sufficient liquidity is earned to meet its obligations as they fall due. If this is not the case, the shareholder will contribute additional capital as needed.2023-12-312 EmployeesThe Company has no employees other than the Executive Board. The Executive Officer has not received any remuneration. 86003 Contingent liabilitiesThere is a remaining investment commitment of a total of DKK 4,359 thousand.Silkeborg26PapirfabrikkenDeloitte Statsautoriseret RevisionspartnerselskabRudersdalHolte2840Regnskabsklasse BAndre erklæringer uden sikkerhed2024-12-312024-01-0147Rudegårds AlleBrogaard Holding ApS43364693339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-29Magnus Brogaard Larsen