434664292024-01-012024-12-31434664292024-01-012024-12-311434664292024-01-012024-12-312434664292024-01-012024-12-311434664292024-12-31434664292023-12-31fsa:ContributedCapitalMember434664292023-12-31fsa:RetainedEarningsMember434664292023-12-31434664292024-01-012024-12-31fsa:RetainedEarningsMember434664292024-12-31fsa:ContributedCapitalMember434664292024-12-31fsa:RetainedEarningsMember434664292023-01-012023-12-31iso4217:DKKxbrli:pureThe Executive Board has today considered and approved the annual report of NORTH-TEC Danmark ApS for the financial year 01.01.2024 - 31.12.2024. 959145330993The annual report is presented in accordance with the Danish Financial Statements Act.6732020In 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 - 31.12.2024.390000We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.9200We recommend the annual report for adoption at the Annual General Meeting.246023330993Middelfart167004976Ralf Breckling9439172Jan Momsen253284335797To the shareholders of NORTH-TEC Danmark ApS5572373875We have performed an extended review of the financial statements of NORTH-TEC Danmark 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. ​Based on our extended review, 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.197561261922We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.197561261922Management 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, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements.29473702947370Management is responsible for the management commentary. Our conclusion 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 extended review 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 extended review 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 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.294737077811862106376In connection with our review, we can ascertain that the company has made a late and incorrect submission of the company's VAT, which may result in management incurring liability.280401606836Aarhus64920Morten Gade Steinmetz196890mne341450563State Authorised Public Accountant78354073713775Primary activitiesThe company's purpose is the sale and construction of biogas plants and related business.7275652683034Events 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.85629726396809This 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.88577096396809Recognition 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.400000400000Gross profit or lossGross profit or loss comprises revenue, other operating income and consumables and external expenses.403378205817RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Contract work in progress is recognized in the income statement, when delivery is made and risk has passed to the buyer (the invoicing method).803378605817Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.739450Other external expensesOther external expenses include expenses relating to the Entity’s normal activities.739450Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.03321622Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year.49479151115832Other operating expensesOther operating expenses comprise expenses of a secondary nature as viewed in relation to the Entity’s primary activities.073875Other financial incomeOther financial income comprises interest income and transactions in foreign currencies.622150Other financial expensesOther financial expenses comprise transactions in foreign currencies.29702561279663Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.79803865790992Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. Indirect production costs in the form of indirectly attributable staff costs and amortisation of intangible assets and depreciation of property, plant and equipment used in the development process are recognised in cost based on time spent on each asset. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment5Estimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount.79803865790992ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and ​doubtful debts.885770963968094000000Contract work in progressContract work in progress is measured at cost of the work carried out at the balance sheet date, and the cost of the contract work in progress is recognized in the income statement, when delivery is made and risk has passed to the buyer (the invoicing method). Cost consists of cost of raw materials, consumables and direct labour costs used in the manufacturing process. Costs of sales work and of securing contracts, and finance costs are recognised in the income statement as incurred. 205817Deferred 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. However, no deferred tax is recognised for amortisation of goodwill disallowed for tax purposes and temporary differences arising at the date of acquisition that do not result from a business combination and that do not have any effect on profit or loss or on taxable income. Deferred tax assets, including the tax base of tax loss carryforwards, 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.197561CashCash comprises cash in hand and bank deposits.Other provisionsOther provisions comprise anticipated costs of non-recourse guarantee commitments, returns, loss on contract work in progress, decided and published restructuring, etc. Other provisions are recognised and measured as the best estimate of the expenses required to settle the liabilities at the balance sheet date. Provisions that are estimated to mature more than one year after the balance sheet date are measured at their discounted value. Non-recourse guarantee commitments comprise commitments to remedy defects and deficiencies within the guarantee period. On acquisition of enterprises and investments in group enterprises, provisions are made for costs relating to restructuring in the acquired enterprise that were decided and published at the acquisition date at the latest. Once it is probable that total costs will exceed total income from a contract in progress, provision is made for the total loss estimated to result from the relevant contract.400000Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.403378Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the ​goods agreed or completion of the service agreed.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.Joint taxation contributions payable or receivableCurrent joint taxation contributions receivable or joint taxation contributions payable are recognised in the balance sheet, calculated as tax computed on the taxable income of the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.1 Staff costs2024 DKK2023 DKKWages and salaries673,2020673,2020Average number of full-time employees101true2 Other financial income 2024 DKK2023 DKKOther interest income16,7003,946Exchange rate adjustments01,03016,7004,976Grundlag for konklusion3 Other financial expenses2024 DKK2023 DKKOther interest expenses3,2850Exchange rate adjustments6,1541729,439172Konklusion4 Tax on profit/loss for the year2024 DKK2023 DKKCurrent tax62,2150Change in deferred tax(6,492)73,87555,72373,8752025-06-305 Property, plant and equipmentOther fixtures and fittings, tools and equipment​DKKAdditions333,737Cost end of year333,737Depreciation for the year(39,000)Depreciation and impairment losses end of year(39,000)Carrying amount end of year294,7372025-06-306 Contract work in progress2024 DKK2023 DKKContract work in progress38,220,4251,606,837Progress billings regarding contract work in progress(38,192,380)028,0451,606,837true339635562023-01-012023-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabMiddelfartMiddelfart5500Regnskabsklasse BtrueErklæring om udvidet gennemgang2024-12-312024-01-0116NyvangNORTH-TEC Danmark ApS43466429339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-30Henrik Lava Sand Rasmussen