44897709 2024-12-31 44897709 2024-12-31 fsa:ContributedCapitalMember 44897709 2024-12-31 fsa:SharePremiumMember 44897709 2024-12-31 fsa:RetainedEarningsMember 44897709 2024-06-14 fsa:DepositsLongtermInvestmentsAndReceivablesMember 44897709 2024-12-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember 44897709 2024-06-14 2024-12-31 44897709 2024-06-14 2024-12-31 1 44897709 2024-06-14 2024-12-31 memberOfBoardIdentifier_executive_board_1 44897709 2024-06-14 2024-12-31 memberOfBoardIdentifier_executive_board_2 44897709 2024-06-14 2024-12-31 memberOfBoardIdentifier_board_of_director_1 44897709 2024-06-14 2024-12-31 memberOfBoardIdentifier_board_of_director_2 44897709 2024-06-14 2024-12-31 memberOfBoardIdentifier_board_of_director_3 44897709 2024-06-14 2024-12-31 fsa:ContributedCapitalMember 44897709 2024-06-14 2024-12-31 fsa:SharePremiumMember 44897709 2024-06-14 2024-12-31 fsa:RetainedEarningsMember 44897709 2024-06-14 2024-12-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-06-14 2024-12-31 44897709 Klaay ApS Borupvang 3, st. 2750 Ballerup Ballerup 2024-06-14 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 39 45 39 45 koebenhavn@pwc.dk 2025-07-07 Jannik Ritter Grøntved Regnskabsklasse B Andre erklæringer uden sikkerhed The Executive Board and Board of Directors have today considered and adopted the Annual Report of Klaay ApS for the financial year 14 June - 31 December 2024. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2024 of the Company and of the results of the Company operations for 2024. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Annual Report be adopted at the Annual General Meeting. 2025-07-07 Ballerup Jacob Riff CEO Jannik Ritter Grøntved CEO Jannik Ritter Grøntved Chairman Jacob Riff Claus Zibrandtsen To the Management of Klaay ApS We have compiled the Financial Statements of Klaay ApS for the financial year 14 June - 31 December 2024 on the basis of the Company’s accounting records and other information you have provided. The Financial Statements comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information. Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including the principles of integrity, objectivity, professional competence and due care. The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility. As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Hellerup 2025-07-07 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Mads Blichfeldt Fjord State Authorised Public Accountant mne46065 Key activities Klaay ApS develops an AI-powered compliance platform aimed at automating risk management and streamlining documentation for frameworks such as SOC 2 and ISO 27001. During the year, we focused on core product development and building integrations with relevant third-party tools. Development in the year The income statement of the Company for 2024 shows a loss of DKK 1,195,090, and at 31 December 2024 the balance sheet of the Company shows a positive equity of DKK 12,230,982. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events The financial position at 31 December 2024 of the Company and the results of the activities and cash flows of the Company for the financial year for 2024 have not been affected by any unusual events. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. -524544 502866 -1027410 167680 -1195090 0 -1195090 -1195090 90000 90000 90000 623103 86417 709520 19171509 19881029 19971029 52000 0 12178982 12230982 7667671 20000 52376 7740047 7740047 19971029 40000 0 0 12000 13374072 0 0 0 -1195090 0 -13374072 13374072 52000 0 12178982 494730 1716 6420 502866 1 0 90000 90000 90000 The Annual Report of Klaay ApS for 2024 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The Financial Statements for 2024 are presented in DKK. true 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Danish kroner is used as the presentation currency. All other currencies are regarded as foreign currencies. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Expenses for raw materials and consumables comprise the raw materials and consumables consumed to achieve revenue for the year. Other external expenses comprise expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of expenses for raw materials and consumables and other external expenses. Staff costs include wages and salaries including compensated absence and pensions as well as other social security contributions etc. made to the entity's employees. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax 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. Other fixed asset investments consist of deposit. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Loans, such as loans from credit institutions, are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period. Other debts are measured at amortised cost, substantially corresponding to nominal value.