412756772024-01-012024-12-31412756772024-01-012024-12-311412756772024-01-012024-12-311412756772024-01-012024-12-312412756772024-01-012024-12-313412756772024-01-012024-12-311412756772024-12-31412756772023-12-31fsa:ContributedCapitalMember412756772023-12-31fsa:RetainedEarningsMember412756772023-12-31412756772024-01-012024-12-31fsa:RetainedEarningsMember412756772024-12-31fsa:ContributedCapitalMember412756772024-12-31fsa:RetainedEarningsMember412756772023-01-012023-12-31iso4217:DKKxbrli:pureThe Board of Directors and the Executive Board have today considered and approved the annual report of MindFuture ApS for the financial year 01.01.2024 - 31.12.2024.23573594043437The annual report is presented in accordance with the Danish Financial Statements Act.937279612090854In our 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.-7015437-8047417We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.-7130840-7209508We recommend the annual report for adoption at the Annual General Meeting.67844901Taastrup18445128072025-06-06-14157938-15264831Simon Goldschmidt-89783-86880Niels Erik Blangstrup Zibrandtsen-14068155-15177951Claus Zibrandtsen-14068155-15177951Simon GoldschmidtTo the shareholders of MindFuture ApS7086958258260200We have audited the financial statements of MindFuture ApS for the financial year 01.01.2024 - 31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and ​notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​ ​In our 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 in accordance with the Danish Financial Statements Act.7086958258260200We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.7086958258260200Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.066625Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are ​free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes ​our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted ​in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material ​misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, ​individually or in the aggregate, they could reasonably be expected to influence the economic decisions of ​users taken on the basis of these financial statements.​​​​As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, ​we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to ​fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence ​that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a ​material misstatement resulting from fraud is higher than for one resulting from error, as fraud may ​involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.​Obtain an understanding of internal control relevant to the audit in order to design audit procedures ​that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the ​effectiveness of the Entity’s internal control.​Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates ​and related disclosures made by Management. ​Conclude on the appropriateness of Management’s use of the going concern basis of accounting in ​preparing the financial statements, and, based on the audit evidence obtained, whether a material ​uncertainty exists related to events or conditions that may cast significant doubt on the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to ​draw attention in our auditor’s report to the related disclosures in the financial statements or, if such ​disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence ​obtained up to the date of our auditor’s report. However, future events or conditions may cause the ​Entity to cease to continue as a going concern.​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, and whether the financial statements represent the underlying transactions and ​events in a manner that gives a true and fair view.Plan and perform the audit of the financial statements to obtain sufficient appropriate audit evidence regarding the consolidated financial information of the entities or business units as a basis for forming an opinion on the financial statements. We are responsible for the direction, supervision and review of the audit work performed. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope ​and timing of the audit and significant audit findings, including any significant deficiencies in internal control ​that we identify during our audit.375414582036261146261146Management is responsible for the management commentary. Our opinion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.58955113873124557756Copenhagen69676010814362025-06-062048131708712Thomas Rosquist Andersen9015732790148mne314827177115561050348State Authorised Public Accountant150000150000Primary activitiesThe Company is a venture builder organization with the purpose to innovate and develop technological prototypes from ideas into products. It is driven by people who are passionate about investigating new possibilities and dilemmas at the cross-section between humans and technolgies by deploying a combination of coding, software, hardware and rental. 7046165258539807Description of material changes in activities and financesThe Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a negative result of TDKK 14,068 and the Balance Sheet at 31 December 2024 a balance sheet total of TDKK 71,771 and an equity of TDKK 70,612​​ . ​​Management finds the result in accordance with the plan for the year 2024, and is satisfied with the progress and ​development of the company according to the long term plan. The company has secured a credit facility from its parent company. This financial support ensures that the company has sufficient liquidity to meet its obligations as they fall due.7061165258689807Events 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.557062540313This 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.557062540313Consolidated financial statementsReferring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared.438147514Recognition 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. 52949447662Gross profit or lossThe Company has decided to aggregate certain items of the Income Statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. 102148487981RevenueRevenue from the sale of goods and services in the income statement when the risk has passed to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.446906737071Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds.6024411820228Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes write-downs of receivables recognised in current assets.11595032360541Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff. Repayments from public authorities are deducted from staff costs. 7177115561050348Income from investments in group enterprisesIncome from investments in group enterprises comprises the pro rata share of the individual enterprises’ profit/loss after full elimination of intra-group profits or losses.15000018Other 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. 58539807Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.Tax on profit/loss for the yearTax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).25990000Investments in group enterprisesInvestments in group enterprises are recognised and measured according to the equity method. This means that investments are measured at the pro rata share of the enterprises’ equity value plus unamortised goodwill and plus or minus unrealised intra-group profits or losses Group enterprises with negative equity value are measured at DKK 0. Any receivables from these enterprises are written down to net realisable value based on a specific assessment. If the Parent has a legal or constructive obligation to cover the liabilities of the relevant enterprise, and it is probable that such obligation will involve a loss, a provision is recognised that is measured at present value of the costs necessary to settle the obligations at the balance sheet date. Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred to reserve for net revaluation according to the equity method in equity. 25990000ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.-14068155Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carry forwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.150000CashCash comprises cash in hand and bank deposits.70461652Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Ikke væsentlig usikkerhed vedr. fortsat drift1 Uncertainty related to going concernThe company has secured a credit facility from its parent company. This financial support ensures that the company has sufficient liquidity to meet its obligations as they fall due. As a result, the financial statements have been prepared on a going concern basis. true2 Staff costs2024 DKK2023 DKKWages and salaries8,159,03710,473,434Pension costs1,104,0191,467,834Other social security costs109,740149,5869,372,79612,090,854Average number of full-time employees1118Grundlag for konklusion11Konklusion3 Other financial income 2024 DKK2023 DKKFinancial income from group enterprises070Other interest income4,4844,831Exchange rate adjustments2,30006,7844,901true4 Other financial expenses2024 DKK2023 DKKFinancial expenses from group enterprises012,767Other interest expenses18,4454018,44512,8072023-01-015 Tax on profit/loss for the year2024 DKK2023 DKKAdjustment concerning previous years0(86,880)Refund in joint taxation arrangement(89,783)0(89,783)(86,880)2023-12-316 Financial assetsInvestments in group enterprises​DKKCost beginning of year77,572,167Additions19,740,002Cost end of year97,312,169Revaluations beginning of year(19,311,967)Revaluations end of year(19,311,967)Share of profit/loss for the year(7,130,620)Impairment losses end of year(7,130,620)Carrying amount end of year70,869,582339635567 Non-current liabilities other than provisionsDue after more than 12 months 2024 DKKOutstanding after 5 years 2024 DKKOther payables557,062557,062557,062557,062Other payables consists of frozen holiday funds.København S8 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where LNZ Holding Zibra ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.23009 Non-arm’s length related party transactionsOnly related party transactions not conducted on an arm’s length basis are disclosed in the annual report. No such transactions have been conducted in the financial year.610 Group relationsName and registered office of the Parent preparing consolidated financial statements for the largest group: ​ ​​LNZ Holding Zibra ApS ​​Høveltevej 67 ​​DK-3460 Birkerød ​​CVR-no. 39 18 89 96WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabHøje TaastrupHøje Taastrup2630Regnskabsklasse BRevisionspåtegning2024-12-312024-01-017Erik Husfeldts VejMindFuture ApS41275677339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-06Alex Pløger