369519312024-01-012024-12-31369519312024-01-012024-12-312369519312024-01-012024-12-313369519312024-01-012024-12-311369519312024-01-012024-12-31RevPers4369519312024-01-012024-12-31fsa:ContributedCapitalMember369519312024-01-012024-12-31fsa:RetainedEarningsMember369519312023-01-012023-12-31369519312024-12-31369519312024-01-01fsa:ContributedCapitalMember369519312024-01-01fsa:RetainedEarningsMember369519312023-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesxbrli:pureTo the shareholders of Pagero Danmark ApS We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Financial Statements" section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the financial statements 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. , Basis for Conclusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Financial Statements" section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the financial statements 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. København V, 8 July 2025 BDO Statsautoriseret revisionsaktieselskab CVR-no. 20222670 Brian Olsen Halling State Authorised Public Accountant mne32094 We have performed an extended review of the Financial Statements of Pagero Danmark ApS for the financial year 2024, which comprise income statement, balance sheed and notesincluding a summary of significant accounting policies. The Financial Statements are prepared under the Danish Financial Statements Act. Based on the work performed, in our opinion, the Financial Statements give a true and fair view of the Company's financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January 2024 - 31 December 2024 in accordance with the Danish Financial Statements Act., Conclusion We have performed an extended review of the Financial Statements of Pagero Danmark ApS for the financial year 2024, which comprise income statement, balance sheed and notesincluding a summary of significant accounting policies. The Financial Statements are prepared under the Danish Financial Statements Act. Based on the work performed, in our opinion, the Financial Statements give a true and fair view of the Company's financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January 2024 - 31 December 2024 in accordance with the Danish Financial Statements Act.2025-07-08København VAuditor's Responsibilities for the Extended Review of the Financial Statements Our responsibility is to express a conclusion on the Financial Statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the Financial Statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion. An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the Financial Statements.Management's Responsibilities for the Financial Statements Management 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 Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Financial Statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.Statement on the Management Commentary Management is responsible for Management Commentary. Our conclusion on the Financial Statements does not cover 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 Management Commentary and, in doing so, consider whether Management Commentary is materially inconsistent with the Financial Statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management Commentary provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that Management Commentary is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management Commentary. , Management is responsible for Management Commentary. Our conclusion on the Financial Statements does not cover 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 Management Commentary and, in doing so, consider whether Management Commentary is materially inconsistent with the Financial Statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management Commentary provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that Management Commentary is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management Commentary. The company has become subject to audit obligation with effect from the current financial year, and in this connection, it has been decided to carry out an extended review of the annual accounts. We would like to emphasize, as also indicated in the annual accounts, that no extended review or audit has been performed on the comparative figures in the annual accounts., Highlighting matters regarding the extended review The company has become subject to audit obligation with effect from the current financial year, and in this connection, it has been decided to carry out an extended review of the annual accounts. We would like to emphasize, as also indicated in the annual accounts, that no extended review or audit has been performed on the comparative figures in the annual accounts.Grundlag for konklusionKonklusion20222670mne32094Brian Olsen Halling Per Simon LundmarkJoakim Curt Mikael HahnePer Simon LundmarkBDO Statsautoriseret revisionsaktieselskabChairmanBoard MemberErklæring om udvidet gennemgangtrue627371853868491112167261840223Regnskabsklasse B5000050000626121853818491835552260112640836922125005000Balance Sheet Deposits Deposits are measured at cost. Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Prepayments Prepayments recognised in assets comprises prepaid costs regarding subsequent financial years. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the balance-sheet liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Payables Payables are measured at amortised cost, which usually corresponds to the nominal value. Deferred income entered as liabilities Deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.Cash and cash equivalents Cash and cash equivalents comprise cash at bank., Cash and cash equivalents comprise cash at bank.Prepayments recognised in assets comprises prepaid costs regarding subsequent financial years. , Prepayments Prepayments recognised in assets comprises prepaid costs regarding subsequent financial years. Deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. , Deferred income entered as liabilities Deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. Employee benefits expenses Employee benefits expenses comprise wages, salaries and other pay-related costs, such as sickness benefits for enterprise employees less wage/salary reimburdement, pensions and social security costs. , Employee benefits expenses comprise wages, salaries and other pay-related costs, such as sickness benefits for enterprise employees less wage/salary reimburdement, pensions and social security costs. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Other external expenses Other external costs include costs for sales, administration and loss of debitors. , Other external costs include costs for sales, administration and loss of debitors. Financial income and expenses Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and expenses include interest expenses, accounts payable and transactions in foreign currencies and surcharges and allowances under the tax prepayment scheme. , Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and expenses include interest expenses, accounts payable and transactions in foreign currencies and surcharges and allowances under the tax prepayment scheme. Gross profit/loss The 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. Gross profit is a combination of the items of revenue, raw materials and consumables and other external expenses. , Gross profit/loss The 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. Gross profit is a combination of the items of revenue, raw materials and consumables and other external expenses. Income Statement Gross profit/loss The 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. Gross profit is a combination of the items of revenue, raw materials and consumables and other external expenses. Revenue Revenue is recognised in the income statement if the goods have been delivered and the risk has passed to the byer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised exclusive og VAT and net of sales discounts. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts and costs for subcontractors. Other external expenses Other external costs include costs for sales, administration and loss of debitors. Employee benefits expenses Employee benefits expenses comprise wages, salaries and other pay-related costs, such as sickness benefits for enterprise employees less wage/salary reimburdement, pensions and social security costs. Financial income and expenses Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and expenses include interest expenses, accounts payable and transactions in foreign currencies and surcharges and allowances under the tax prepayment scheme. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Deposits Deposits are measured at cost. , Deposits Deposits are measured at cost. , Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.Deferred tax Deferred tax and the associated adjustments for the year are determined according to the balance-sheet liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. , Impairment of accounts receivables past due is established on individual assessment of receivables. , Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. , Revenue is recognised in the income statement if the goods have been delivered and the risk has passed to the byer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised exclusive og VAT and net of sales discounts. , Revenue Revenue is recognised in the income statement if the goods have been delivered and the risk has passed to the byer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised exclusive og VAT and net of sales discounts. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. , Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the Income Statement under Financial Income and Expenses.Costs for raw materials and consumables comprise the cost of goods purchased less discounts and costs for subcontractors. , Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts and costs for subcontractors. Reporting Class The Annual Report of Pagero Danmark ApS for 2024 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with selection of few provisions from reporting class C. The accounting policies applied remain unchanged from last year. Reporting currency The Annual Report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the Income Statement under Financial Income and Expenses. Income Statement Gross profit/loss The 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. Gross profit is a combination of the items of revenue, raw materials and consumables and other external expenses. Revenue Revenue is recognised in the income statement if the goods have been delivered and the risk has passed to the byer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised exclusive og VAT and net of sales discounts. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts and costs for subcontractors. Other external expenses Other external costs include costs for sales, administration and loss of debitors. Employee benefits expenses Employee benefits expenses comprise wages, salaries and other pay-related costs, such as sickness benefits for enterprise employees less wage/salary reimburdement, pensions and social security costs. Financial income and expenses Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and expenses include interest expenses, accounts payable and transactions in foreign currencies and surcharges and allowances under the tax prepayment scheme. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance Sheet Deposits Deposits are measured at cost. Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Prepayments Prepayments recognised in assets comprises prepaid costs regarding subsequent financial years. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the balance-sheet liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Payables Payables are measured at amortised cost, which usually corresponds to the nominal value. Deferred income entered as liabilities Deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.4. Contingent liabilities No contingent liabilities exist at the balance sheet date. 3. Deferred income Deferred income of DKK 5.223.105 (2023: 3.815.092) comprise payments received from customers that cannot be recognised until the subsequent financial year. 1. Employee benefits expense 2024 2023 Wages and salaries 1.056.806 961.587 Social security contributions 2.376 2.272 1.059.182 963.859 Average number of employees 1 1 Contributed Retained capital earnings Total Equity 1 January 2024 50.000 -760.646 -710.646 Profit (loss) 0 150.425 150.425 Equity 31 December 2024 50.000 -610.221 -560.221 The share capital has remained unchanged for the last 5 years. 5. Collaterals and securities No securities or mortgages exist at the balance sheet date. 1059182963859-560221-710646-5000076064612739681388451The Annual Report of Pagero Danmark ApS for 2024 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with selection of few provisions from reporting class C. 62737185386849683393960974951250050001250050008057451139449812270891504250150425331424192881415606214786424592299629437-610221-760646false52231053815092683393960974950987829504449235416261800097021633667485279675733086934245684182-150425-331424Herlev, 2730Lyskær 3 CD2015-07-012025-07-083695193125074823ÅrsrapportJoakim Curt Mikael HahnePagero Danmark ApSAzets Insight A/S2023-01-012023-12-31Herlev, 1632024-12-312024-01-01Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a result of DKK 150.425 and the Balance Sheet at 31 December 2024 a balance sheet total of DKK 6.273.718 and an equity of DKK -560.221. The Company's principal activities The Company's principal activities consist in providing digital communication with business documents, including e-invoicing services and related activities. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. The Company's principal activities The Company's principal activities consist in providing digital communication with business documents, including e-invoicing services and related activities. Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2024 - 31 December 2024 shows a result of DKK 150.425 and the Balance Sheet at 31 December 2024 a balance sheet total of DKK 6.273.718 and an equity of DKK -560.221. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. Capital resources The company has lost more than half of its share capital. Management expects to restore the equity through future earnings. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2024 and of the results of the Company's operations for the financial year 1 January 2024 - 31 December 2024. 2025-07-08Today, Management has considered and adopted the Annual Report of Pagero Danmark ApS for the financial year 1 January 2024 - 31 December 2024. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. HerlevWe recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of Pagero Danmark ApS for the financial year 1 January 2024 - 31 December 2024. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2024 and of the results of the Company's operations for the financial year 1 January 2024 - 31 December 2024. In our opinion, the 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. Herlev, 8 July 2025 Executive Board Per Simon Lundmark Director Supervisory Board Joakim Curt Mikael Hahne Per Simon Lundmark Formand Medlem