16975877 2025-01-01 2025-12-31 16975877 2025-01-01 2025-12-31 1 16975877 2024-01-01 2024-12-31 16975877 2025-12-31 16975877 2024-12-31 16975877 2025-01-01 d:FixturesFittingsToolsAndEquipmentMember 16975877 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 16975877 2025-01-01 d:LeaseholdImprovementsMember 16975877 2025-12-31 d:LeaseholdImprovementsMember 16975877 2025-01-01 d:InvestmentsInGroupEnterprisesMember 16975877 2024-01-01 d:InvestmentsInGroupEnterprisesMember 16975877 2025-12-31 d:InvestmentsInGroupEnterprisesMember 16975877 2024-12-31 d:InvestmentsInGroupEnterprisesMember 16975877 2025-01-01 d:DepositsLongtermInvestmentsAndReceivablesMember 16975877 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 16975877 2025-01-01 d:ContributedCapitalMember 16975877 2024-01-01 d:ContributedCapitalMember 16975877 2025-12-31 d:ContributedCapitalMember 16975877 2024-12-31 d:ContributedCapitalMember 16975877 2025-01-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 16975877 2024-01-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 16975877 2025-01-01 2025-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 16975877 2024-01-01 2024-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 16975877 2025-01-01 d:ReserveForCurrentValueOfHedgingMember 16975877 2024-01-01 d:ReserveForCurrentValueOfHedgingMember 16975877 2025-01-01 2025-12-31 d:ReserveForCurrentValueOfHedgingMember 16975877 2024-01-01 2024-12-31 d:ReserveForCurrentValueOfHedgingMember 16975877 2025-12-31 d:ReserveForCurrentValueOfHedgingMember 16975877 2024-12-31 d:ReserveForCurrentValueOfHedgingMember 16975877 2025-01-01 d:RetainedEarningsMember 16975877 2024-01-01 d:RetainedEarningsMember 16975877 2025-01-01 2025-12-31 d:RetainedEarningsMember 16975877 2024-01-01 2024-12-31 d:RetainedEarningsMember 16975877 2025-12-31 d:RetainedEarningsMember 16975877 2024-12-31 d:RetainedEarningsMember 16975877 2025-01-01 d:ProposedDividendRecognisedInEquityMember 16975877 2024-01-01 d:ProposedDividendRecognisedInEquityMember 16975877 2025-01-01 2025-12-31 d:ProposedDividendRecognisedInEquityMember 16975877 2024-01-01 2024-12-31 d:ProposedDividendRecognisedInEquityMember 16975877 2025-01-01 2025-12-31 1 16975877 2025-01-01 2025-12-31 2 iso4217:DKK xbrli:pure Årsrapport 46125894 Revision & Råd, Statsautoriseret Revisionspartnerselskab Klosterbakken, 12, 1. tv. 5000, Odense C 2024-01-01 2024-12-31 2025-01-01 2025-12-31 16975877 BLUEPACK ApS Havnegade 5-9 5000 Odense C 1993-05-17 Odense Revision & Råd, Statsautoriseret Revisionspartnerselskab 46125894 Ricki Nevad Søgaard Statsautoriseret revisor mne50605 Klosterbakken 12, 1. tv. 5000 Odense C Danmark 66 12 11 12 odense@rogr.dk 2026-03-23 Nick Jansen Regnskabsklasse B Erklæring om udvidet gennemgang Ja CaseWare fra Revisorgruppen Danmark kapitalejerne Odense 2026-03-23 Odense 2026-03-23 Grundlag for konklusion Konklusion 11912593 11594802 5831847 5631472 0 315413 6080746 5647917 0 1623750 -436345 52737 30111 392800 5614290 6931604 1259392 1275581 4354898 5656023 4354898 5656023 252720 252720 477301 474700 730021 727420 730021 727420 9640456 9374155 9640456 9374155 3358247 2454426 562522 0 14383 0 101777 197479 178341 570609 4215270 3222514 2616865 84045 16472591 12680714 17202612 13408134 0 2000000 2000000 -41958 83421 10964629 6609731 12922671 8693152 0 54044 0 54044 0 320282 670839 1106940 121000 0 1292456 1226196 2195646 2007520 4279941 4660938 4279941 4660938 17202612 13408134 4430488 4270784 1237052 1287155 28512 28586 135795 44947 5831847 5631472 8 8 30111 392800 30111 392800 1787374 1787374 1787374 1787374 1675931 1675931 1675931 1675931 252720 252720 252720 252720 252720 252720 477301 477301 477301 2000000 2000000 2000000 2000000 1213577 -474823 0 507592 0 -64269 -1213577 31500 83421 -35158 0 -35158 -160742 83421 35363 0 -41958 83421 6609731 1492800 4354898 5148431 0 -31500 10964629 6609731 0 1900000 0 1900000 Di­rek­tio­nen har dags da­to af­lagt års­rap­por­ten for regn­skabs­året 1. januar - 31. december 2025 for BLUEPACK ApS. Today, the Executive Board has approved the annual report of BLUEPACK ApS for the financial year 1 January - 31 December 2025. Års­rap­por­ten er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­ven. The annual report has been prepared in accordance with the Danish Financial Statements Act. Vi an­ser den valg­te regn­skabs­prak­sis for hen­sigts­mæs­sig, og efter vores op­fat­tel­se gi­ver års­regn­ska­bet et ret­vi­sen­de bil­le­de af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 31. december 2025 samt af re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­år­et 1. januar - 31. december 2025. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025. Le­del­ses­be­ret­nin­gen in­de­hol­der ef­ter vores op­fat­tel­se en ret­vi­sen­de re­de­gø­rel­se for de for­hold, som be­ret­nin­gen om­hand­ler. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. Års­rap­por­ten ind­stil­les til ge­ne­ral­for­sam­lin­gens god­ken­del­se. We recommend that the annual report be approved at the Annual General Meeting. Gerrit Nicolaas Jan Jansen Lucas Gerardus Willibrordus Lammers Adm. Direktør Direktør Vi har ud­ført ud­vi­det gen­nem­gang af års­regn­ska­bet for BLUEPACK ApS for regn­skabs­året 1. januar - 31. december 2025, der om­fat­ter an­vendt regn­skabs­prak­sis, re­sul­tat­op­gø­rel­se, ba­lan­ce, egen­ka­pi­tal­op­gø­rel­se og noter. Års­regn­ska­bet ud­ar­bej­des ef­ter års­regn­skabs­lo­ven. Ba­se­ret på det ud­før­te ar­bej­de er det vo­res op­fat­telse, at års­regn­ska­bet gi­ver et ret­vis­ende bil­le­de af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 31. december 2025 samt af re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­år­et 1. januar - 31. december 2025 i ov­er­ens­stem­mel­se med års­regn­skabs­lo­ven. We have performed an extended review of the financial statements of BLUEPACK ApS for the financial year 1 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. 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 2025 and of the results of the Company's operations for the financial year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act. Grundlag for kon­klu­sionVi har ud­ført vo­res ud­vi­de­de gen­nem­gang i over­ens­stem­melse med Er­hvervs­sty­rel­sens er­klæ­rings­stan­dard for små virk­som­he­der og FSR - dan­ske re­vi­so­rers stan­dard om ud­vi­det gen­nem­gang af års-regn­ska­ber, der ud­ar­bej­des ef­ter års­regn­skabs­loven. Vo­res an­svar iføl­ge dis­se stan­dar­der og krav er nær­me­re be­skre­vet i af­snit­tet ”Re­vi­sors an­svar for den udvidede gennemgang af års­regn­ska­bet”. Vi er uaf­hæn­gi­ge af sel­ska­bet i over­ens­stem­mel­se med In­ter­na­tio­nal Ethics Standards Board for Accountants' internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yder­ligere etiske krav, der er gæl­den­de i Dan­mark, lige­som vi har op­fyldt vo­res øv­ri­ge etis­ke for­plig­tel­ser i hen­hold til dis­se krav og IESBA Code. Det er vo­res op­fat­tel­se, at det op­nå­e­de be­vis er til­stræk­ke­ligt og eg­net som grund­lag for vo­res kon­klu­sion. Basis for conclusionWe 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 "Practitioner'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 (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. Le­del­sen har an­sva­ret for ud­ar­bej­del­sen af et års­regn­skab, der gi­ver et ret­vi­sen­de bil­le­de i over­ens­stem­mel­se med års­regn­skabs­lo­ven. Le­del­sen har end­videre an­sva­ret for den in­ter­ne kon­trol, som le­del­sen an­ser nød­ven­dig for at ud­ar­bej­de et års­regn­skab uden væ­sent­lig fejl­in­for­mation, uan­set om den­ne skyl­des be­svi­gel­ser eller fejl. Ved ud­ar­bej­del­sen af års­regn­ska­bet er le­del­sen an­svar­lig for at vur­de­re sel­ska­bets ev­ne til at fort­sætte drif­ten; at op­ly­se om for­hold ved­rø­ren­de fort­sat drift, hvor det­te er re­le­vant; samt at ud­arbej­de års­regn­ska­bet på grund­lag af regn­skabs­prin­cip­pet om fort­sat drift, med­min­dre le­del­sen en­ten har til hen­sigt at li­kvi­de­re sel­skabet, ind­stil­le drif­ten el­ler ik­ke har an­det re­a­lis­tisk al­ter­na­tiv end at gø­re det­te. 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. Vores an­svar er at ud­tryk­ke en kon­klu­sion om års­regn­ska­bet. Det­te kræ­ver, at vi plan­læg­ger og ud­fø­rer hand­lin­ger med henblik på at op­nå be­græn­set sik­ker­hed for vo­res kon­klu­sion om års­regn­ska­bet og der­ud­over ud­fø­rer spe­ci­fikt kræ­ve­de sup­ple­rende hand­lin­ger med hen­blik på at op­nå yder­li­gere sik­ker­hed for vo­res kon­klu­sion. En ud­vi­det gen­nem­gang om­fat­ter hand­lin­ger, der pri­mært be­står af fo­re­spørgs­ler til le­del­sen og, hvor det er hen­sigts­mæs­sigt, an­dre i virk­som­he­den, ana­ly­tis­ke hand­lin­ger og de spe­ci­fikt kræ­ve­de sup­ple­ren­de hand­lin­ger samt vur­de­ring af det op­nå­ede be­vis. Om­fan­get af hand­lin­ger, der ud­fø­res ved en ud­videt gen­nem­gang, er min­dre end ved en re­vi­si­on, og vi ud­tryk­ker der­for in­gen re­vi­si­ons­kon­klu­sion om års­regn­ska­bet. 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. Ud­tal­else om le­del­ses­be­ret­nin­genLe­del­sen er an­svar­lig for le­del­ses­be­ret­nin­gen. Vo­res kon­klu­sion om års­regn­ska­bet om­fat­ter ik­ke le­del­ses­be­ret­nin­gen, og vi ud­tryk­ker in­gen form for kon­klu­sion med sik­ker­hed om le­del­ses­be­ret­nin­gen. I til­knyt­ning til vo­res ud­vi­de­de gen­nem­gang af års­regn­ska­bet er det vo­res an­svar at læ­se le­del­ses­be­ret­nin­gen og i den for­bin­del­se over­ve­je, om le­del­ses­be­ret­nin­gen er væ­sent­ligt in­kon­si­stent med års­regn­ska­bet el­ler vo­res vi­den op­nå­et ved den ud­vide­de gen­nem­gang el­ler på an­den må­de sy­nes at in­de­hol­de væ­sent­lig fejl­in­for­ma­tion. Vo­res an­svar er der­ud­over at over­ve­je, om le­del­ses­be­ret­nin­gen in­de­hol­der kræ­ve­de op­lys­nin­ger i hen­hold til års­regn­skabs­lo­ven. Ba­se­ret på det ud­før­te ar­bej­de er det vo­res op­fat­tel­se, at le­del­ses­be­ret­nin­gen er i over­ens­stem­mel­se med års­regn­ska­bet og er ud­ar­bej­det i over­ens­stemmel­se med års­regn­skabs­lo­vens krav. Vi har ik­ke fun­det væ­sent­lig fejl­in­for­ma­tion i le­del­ses­be­ret­nin­gen. Statement on the Management’s ReviewManagement is responsible for the Management’s Review. Our conclusion on the financial statements does not cover the Management’s Review, 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’s Review and, in doing so, consider whether the Management’s Review 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 the Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management’s Review 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 the Management’s Review. Sel­skabets væsentligste aktiviteterSel­skabets aktivitet har i lig­hed med tid­li­ge­re år be­stå­et af at drive handel med specialfremstillede emballager til medicinal- og fødevareindustrien samt andet industrielt brug. Description of key activities of the companyLike previous years, the activities are sales of custommade packaging for pharmaceutical and food industry as well as other industrial use.  Begivenheder efter regn­skabs­årets udløbDer er efter regnskabsårets afslutning ikke indtruffet begivenheder, som væsentligt vil kunne påvirke selskabets finansielle stilling. Events occurring after the end of the financial yearNo events have occurred after the balance sheet date which could signficantly affect the company's financial position. Års­rap­por­ten for BLUEPACK ApS er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­vens be­stem­mel­ser for en klasse B-virksomhed. Her­ud­over har virk­som­he­den valgt at føl­ge en­kel­te reg­ler for klas­se C-virk­som­he­der. The annual report for BLUEPACK ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. Ændring i anvendt regnskabspraksisAnvendt regnskabspraksis er ændret på følgende områder: Kapitalandele i tilknyttede virksomheder Virksomheden har ændret anvendt regnskabspraksis for indregning og måling af kapitalandele i tilknyttede virksomheder. Kapitalandele i tilknyttede virksomheder er hidtil blevet målt til indre værdi, men måles fremadrettet til kostpris.  Ændringen er foretaget som følge af, at selskabet i regnskabsåret er blevet en del af en international koncern, hvor kapitalandele i tilknyttede virksomheder indregnes til kostpris i de enkelte selskabers årsrapporter. Ændringen har til formål at skabe ensartethed med koncernens regnskabspraksis samt at præsentere selskabets resultat og finansielle stilling uafhængigt af resultatudviklingen i de tilknyttede virksomheder. Resultatet vil fremadrettet afspejle det modtagne afkast/udbytte fra investeringerne. Som følge af ændret regnskabspraksis er der foretaget tilretning af sammenligningstallene. Den akkumulerede virkning af praksisændringerne udgør pr. 31. decemberl 2025: - Årets resultat efter skat forøges  med 1.117 tkr. - Balancesummen reduceres med 1.214 tkr. - Egenkapitalen reduceres med 1.214 tkr. Changes in the accounting policiesChanges have been made to the accounting policies in the following areas: Investments in group enterprises The Company has changed its accounting policies regarding the recognition and measurement of investments in group enterprises. Investments in group enterprises were previously measured using the equity method but are henceforth measured at cost. The change has been made as the Company, during the financial year, became part of an international group in which investments in group enterprises are recognised at cost in the individual financial statements of the group companies. The purpose of the change is to ensure consistency with the accounting policies applied within the Group and to present the Company’s results and financial position independently of the performance of the group enterprises. Going forward, profit for the year will reflect the return/dividends received from the investments. As a result of the change in accounting policies, comparative figures have been restated. The cumulative effect of the change in accounting policies as at 31 December 2025 is as follows: Profit for the year after tax increased by tDKK 1,117. Total assets decreased by tDKK 1,214. Equity decreased by tDKK 1,214. Omregning af fremmed valutaTrans­ak­tio­ner i frem­med va­lu­ta om­reg­nes til trans­ak­tions­da­gens kurs. Va­lu­ta­kurs­dif­fe­ren­cer, der op­står mel­lem trans­ak­tions­da­gens kurs og kur­sen på be­ta­lings­da­gen, ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel post. Hvis va­lu­ta­po­si­tio­ner an­ses for sik­ring af frem­ti­di­ge pen­ge­strøm­me, ind­reg­nes vær­di­re­gu­le­rin­ger­ne di­rek­te på egen­ka­pi­ta­len i en dags­vær­di­re­ser­ve. Til­go­de­ha­ven­der, gæld og an­dre mo­ne­tæ­re pos­ter i frem­med va­lu­ta, om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kurs. For­skel­len mel­lem ba­lan­ce­da­gens kurs og kur­sen på tids­punk­tet for til­go­de­ha­ven­dets el­ler gælds­for­plig­tel­sens op­stå­en el­ler ind­reg­ning i se­ne­ste års­regn­skab ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der fi­nan­siel­le ind­tæg­ter og om­kost­nin­ger. Uden­land­ske til­knyt­te­de virk­som­he­der an­ses for at være selv­stæn­di­ge en­he­der. Re­sul­tat­op­gø­rel­ser­ne og ba­lan­ce­pos­ter­ne om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kur­ser. Kurs­dif­fe­ren­cer, op­stå­et ved om­reg­ning af uden­land­ske til­knyt­te­de virk­som­he­ders egen­ka­pi­tal ved årets be­gyn­del­se til ba­lan­ce­da­gens va­luta­kur­ser, ind­reg­nes di­rek­te i egen­ka­pi­ta­len. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Group enterprises abroad are considered to be independent entities. The income statements and the balance sheet items are translated at the closing rates. Currency translation differences, arising from the translation of the equity of group enterprises abroad at the beginning of the year to the closing rate, are recognised directly in equity. Afledte finansielle instrumenterAf­led­te fi­nan­siel­le in­stru­men­ter ind­reg­nes før­ste gang i ba­lan­cen til kost­pris og må­les ef­ter­føl­gen­de til dags­vær­di. Po­si­ti­ve og ne­ga­ti­ve dags­vær­di­er af af­led­te fi­nan­siel­le in­stru­men­ter ind­går i an­dre til­go­de­ha­ven­der hen­holds­vis an­den gæld. Re­sul­te­rer den frem­ti­di­ge trans­ak­tion i ind­tæg­ter el­ler om­kost­nin­ger, over­fø­res be­løb, som lø­ben­de er ind­reg­net i egen­ka­pi­ta­len, til re­sul­tat­op­gø­rel­sen i den pe­ri­ode, hvor det sik­re­de på­vir­ker re­sul­tat­op­gø­rel­sen. DerivativesAt their initial recognition, derivatives are recognised at cost in the statement of financial position. Hereafter, they measured at fair value. Positive and negative fair values of derivatives are recognised under other receivables and payables, respectively. If the future transaction results in income or costs, amounts recognised in equity on a continuing basis are transferred to the income statement for the period in which the hedged item affected the income statement. Virksomhedssammenslutninger Business combinations BruttofortjenesteBruttofortjeneste in­de­hol­der net­to­om­sæt­ning, vareforbrug, an­dre drifts­ind­tæg­ter samt eks­ter­ne om­kost­nin­ger. Net­to­om­sæt­ning ind­reg­nes i re­sul­tat­op­gø­rel­sen, så­fremt le­ve­ring og ri­si­ko­over­gang til kø­ber har fun­det sted in­den årets ud­gang, og så­fremt ind­tæg­ten kan op­gø­res på­li­de­ligt og for­ven­tes mod­ta­get. Net­to­om­sæt­nin­gen må­les til dags­vær­dien af det af­tal­te ve­der­lag eks­klu­si­ve moms og af­gif­ter og med fra­drag af ra­bat­ter i for­bin­del­se med sal­get. Gross profitGross profit comprises the revenue, costs of goods, other operating income, and external costs. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Va­re­for­brug om­fat­ter om­kost­nin­ger til køb af rå­varer og hjæl­pe­ma­te­ri­a­ler med fra­drag af ra­bat­ter samt årets for­skyd­ning i va­re­be­hold­nin­ger. Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes in inventories. Andre drifts­ind­tæg­ter inde­hol­der regn­skabs­pos­ter af se­kun­dær ka­rak­ter i for­hold til virk­som­he­dens ho­ved­ak­ti­vi­te­ter, her­un­der for­tje­ne­ste ved salg af ma­te­ri­el­le an­lægs­ak­ti­ver samt mod­tag­ne løn­re­fusio­ner.  Other operating income comprises items of a secondary nature as regards the principal activities of the enterprise, including profit from the disposal of tangible assets as well as salary reimbursements received. Andre eks­ter­ne om­kost­nin­ger om­fat­ter om­kost­ninger til salg, biler, ad­mi­ni­stra­tion, lo­ka­ler, tab på de­bi­to­rer og ope­ra­tio­nel­le lea­sing­om­kost­nin­ger. Other external expenses comprise expenses incurred for sales, cars, administration, premises, loss on receivables, and operational leasing costs. PersonaleomkostningerPer­so­na­le­om­kost­nin­ger om­fat­ter løn og ga­ger, in­klu­si­ve fe­rie­pen­ge og pen­sio­ner samt an­dre om­kost­nin­ger til so­ci­al sik­ring mv. til sel­skabets med­ar­bej­de­re. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Af- og nedskrivningerAf- og ned­skriv­nin­ger in­de­hol­der årets af- og ned­skriv­nin­ger af ma­te­ri­el­le an­lægs­ak­ti­ver. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of tangible assets, respectively. Indtægter af ka­pi­tal­an­del i tilknyttet virksomhedUd­byt­te fra ka­pi­tal­an­del i tilknyttet virksomhed ind­tægts­fø­res i det regn­skabs­år, hvor ud­byt­tet de­kla­re­res. Overstiger det modtagne ud­byt­te den for­holds­mæs­si­ge an­del af årets re­sul­tat an­ses det­te som in­di­ka­tion på vær­di­for­rin­gel­se, der med­fø­rer krav om at ud­ar­bej­de ned­skriv­nings­test. Results from investment in group enterpriseDividend from investment in group enterprise is recognised in the financial year in which the dividend is declared. If the dividend received exceeds the proportionate share of the year's result, this is considered an indication of impairment, which entails a requirement to prepare an impairment test. Finansielle indtægter og omkostningerFi­nan­siel­le pos­ter om­fat­ter ren­te­ind­tæg­ter og -om­kost­nin­ger samt re­a­li­se­re­de og u­re­a­li­se­re­de kurs­gevin­ster og kurs­tab ved­rø­ren­de gæld og trans­aktio­ner i frem­med va­lu­ta. Financial income and expensesFinancial income and expenses comprise interest income and expenses, realised and unrealised capital gains and losses relating to debt and transactions in foreign currency. Skat af årets resultatÅrets skat, der be­står af årets ak­tu­el­le sel­skabs­skat og æn­dring i ud­skudt skat, ind­reg­nes i re­sul­tat­opgø­rel­sen med den del, der kan hen­fø­res til årets re­sul­tat, og di­rek­te i eg­en­ka­pi­ta­len med den del, der kan hen­fø­res til po­ste­rin­ger di­rek­te i eg­en­ka­pita­len.  Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  Ka­pi­tal­an­del i tilknyttet virksomhedKa­pi­tal­an­del i tilknyttet virksomhed ind­reg­nes og må­les til kostpris. Er gen­ind­vin­dings­vær­di­en la­ve­re end kost­pri­sen, ned­skri­ves til den­ne la­ve­re vær­di. Investments in group enterpriseInvestments in group enterprise are recognised and measured at cost. If the recoverable amount is lower than the cost price, it shall be written down for impairment to this lower value. DepositaDeposita måles til amortiseret kostpris og udgøres af huslejedeposita mv. DepositsDeposits are measured at amortised cost and represent lease deposits, etc. Nedskrivning på anlægsaktiverDen regn­skabs­mæs­si­ge vær­di af ma­te­ri­el­le an­lægs­ak­ti­ver samt ka­pi­tal­an­del i tilknyttet virksomhed vur­de­res år­ligt for in­di­ka­tio­ner på vær­di­for­rin­gel­se ud over det, som ud­tryk­kes ved af­skriv­ning. Fo­re­lig­ger der in­di­ka­tio­ner på vær­di­for­rin­gel­se, fo­re­ta­ges ned­skriv­nings­test af hvert en­kelt ak­tiv hen­holds­vis grup­pe af ak­ti­ver. Der fo­re­ta­ges ned­skriv­ning til gen­ind­vin­dings­vær­di­en, så­fremt den­ne er la­ve­re end den regn­skabs­mæs­si­ge vær­di. Gen­ind­vin­dings­vær­di­en er den hø­je­ste vær­di af ka­pi­tal­vær­di og salgs­vær­di fra­truk­ket for­ven­te­de om­kost­nin­ger ved et salg. Ka­pi­tal­vær­di­en op­gø­res som nu­tids­vær­di­en af de for­ven­te­de net­to­pen­ge­strøm­me fra an­ven­del­sen af ak­ti­vet el­ler ak­tiv­grup­pen og for­ven­te­de net­to­pen­ge­strøm­me ved salg af ak­ti­vet el­ler ak­tiv­grup­pen ef­ter endt brugs­tid. Tid­li­ge­re ind­reg­ne­de ned­skriv­nin­ger til­ba­ge­fø­res, når be­tin­gel­sen for ned­skriv­nin­gen ik­ke læn­ge­re be­står. Impairment loss relating to non-current assetsThe carrying amount of tangible fixed assets as well as equity investment in group enterprise are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Write-down for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. VarebeholdningerVa­re­be­hold­nin­ger må­les til kost­pris ef­ter FIFO-me­to­den. Er net­to­re­a­li­sa­tions­vær­di­en af va­re­behold­nin­ger la­ve­re end kost­pri­sen, ned­skri­ves til den­ne la­ve­re vær­di. InventoriesInventories are measured at cost according to the FIFO method. In cases when the net realisable value of the inventories is lower than the cost, the latter is written down for impairment to this lower value. TilgodehavenderTil­go­de­ha­ven­der må­les til amor­ti­se­ret kost­pris, hvil­ket sæd­van­lig­vis sva­rer til no­mi­nel vær­di. Der ned­skri­ves til net­to­re­a­li­sa­tions­vær­di­en med hen­blik på at i­mø­de­gå for­ven­te­de tab. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. PeriodeafgrænsningsposterPe­ri­o­de­af­græns­nings­pos­ter, som er ind­reg­net un­der ak­ti­ver, om­fat­ter af­hold­te om­kost­nin­ger ved­røren­de ef­ter­føl­gen­de regn­skabs­år. PrepaymentsPrepayments recognised under assets comprise incurred costs concerning the following financial year. Likvide beholdningerLi­kvi­de be­hold­nin­ger om­fat­ter in­de­stå­en­der i penge­in­sti­tut­ter og kon­tant­be­hold­nin­ger. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand. EgenkapitalRe­ser­ve for net­to­op­skriv­ning ef­ter den in­dre vær­dis me­to­deRe­ser­ve for net­to­op­skriv­ning ef­ter in­dre vær­dis me­to­de om­fat­ter net­to­op­skriv­ning af ka­pi­tal­an­de­le i til­knyt­te­de virk­somheder i for­hold til kost­pris. Re­ser­ve for sik­rings­trans­ak­tio­nerRe­ser­ve for sik­rings­trans­ak­tio­ner op­står ved dags-vær­di­re­gu­le­ring af sik­rings­in­stru­men­ter. Reserven opløses samtidig med, at vær­di­re­gu­le­rin­ger­ne rea­li­se­res el­ler til­ba­ge­fø­res. EquityReserve for net revaluation according to the equity methodThe reserve for net revaluation according to the equity method comprises net revaluation of equity investments in subsidiaries proportional to cost. Reserve for hedging transactionsThe reserve for hedging transactions arises when hedging instruments are subject to fair value adjustments. The reserve is dissolved once the value adjustments have been applied or reversed. Selskabsskat og udskudt skatAk­tu­el­le skat­te­for­plig­tel­ser og til­go­de­ha­ven­de ak­tu­el skat ind­reg­nes i ba­lan­cen som be­reg­net skat af årets skat­te­plig­ti­ge ind­komst, re­gu­le­ret for skat af tid­li­ge­re års skat­te­plig­ti­ge ind­kom­ster og for be­talte acon­to­skat­ter. Ud­skudt skat må­les ef­ter den ba­lan­ce­ori­en­te­re­de gælds­me­to­de af mid­ler­ti­di­ge for­skel­le mel­lem regn­skabs­mæs­sig og skat­te­mæs­sig vær­di af ak­ti­ver og for­plig­tel­ser op­gjort på grund­lag af den plan­lag­te an­ven­del­se af ak­ti­vet hen­holds­vis af­vik­ling af for­plig­tel­sen. Ud­skudt skat må­les til net­to­rea­li­sa­tions­vær­di. Ud­skudt skat må­les på grund­lag af de skat­te­reg­ler og skat­te­sat­ser, der med ba­lan­ce­da­gens lov­giv­ning vil væ­re gæl­den­de, når den ud­skud­te skat for­ven­tes ud­løst som ak­tu­el skat.  Ud­skud­te skat­te­ak­ti­ver, her­un­der skat­te­vær­di­en af frem­før­sels­be­ret­ti­get skat­te­mæs­sigt un­der­skud, må­les til den vær­di, hvor­til ak­ti­vet for­ven­tes at kun­ne rea­li­se­res, en­ten ved ud­lig­ning i skat af frem­ti­dig ind­tje­ning el­ler ved mod­reg­ning i ud­skud­te skat­te­for­plig­tel­ser in­den for sam­me ju­ri­dis­ke skat­te­en­hed. Even­tu­el­le ud­skud­te net­to­skat­te­ak­ti­ver må­les til net­to­rea­li­sa­tions­vær­di. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing on the reporting date when the deferred tax is expected to be released as current tax.  Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. GældsforpligtelserGælds­for­plig­tel­ser må­les til amor­ti­se­ret kost­pris, hvil­ket sæd­van­lig­vis sva­rer til no­mi­nel vær­di. Liabilities other than provisionsLiabilities are measured at amortised cost which usually corresponds to the nominal value. 8.Oplysninger om dagsværdiDisclosures on fair value Afledte finansielle instrumenterDerived financial instruments Dagsværdi ultimoFair value at end of period-53.791 Årets urealiserede ændringer af dagsværdi indregnet på egenkapitalenUnrealised change in fair value of the year recognised in the equity160.742 9.Pantsætninger og sikkerhedsstillelserCharges and securityTil sikkerhed for mellemværender med pengeinstitutter, har selskabet stillet virksomhedspant på 10 mio. kr. Virksomhedspantet omfatter tilgodehavender fra salg og tjenesteydelser og varebeholdninger, hvis regnskabsmæssige værdi pr. 31. december 2025 udgør henholdsvis 3.358 t.kr. og 9.640 t.kr.The company has provided security in company assets representing a nominal value of DKK 10.000.000. This security comprises trade receivables and inventories representing a book value of TDKK 3.358 and TDKK 9.640 at 31 December 2025. Selskabet har afgivet selvskyldnerkaution overfor BLUEPACK AB's mellemværender med pengeinstitut. Kautionen er maksimeret til SEK 1.300.000.The company has guaranteed the bank loan of the subsidiary, Bluepack AB, Sweden. The guarantee is maximized to SEK 1.300.000: t.kr. DKK in thousands 10.Kontraktlige forpligtelser og eventualposter m.v.Contractual obligations and contingencies, etc.EventualforpligtelserContingent liabilitiesLeasingforpligtelser: Selskabet har indgået operationelle leasingkontrakter vedrørende driftsmidler med en restløbetid på 21 måneder og en samlet leasingforpligtelse pr. 31. december 2025 på 177 t.kr. Lease liabilities The company has entered into operational leases for operating assets with 19 months to maturity and total outstanding lease payments tDKK 177 at 31 December 2025. Andre forpligtelserSelskabet har indgået lejekontrakter vedrørende kontor- og lagerlokaler på Havnegade 5-9 og Havnegade 17, Odense, der kan opsiges med 6 måneders varsel. De samlede lejeforpligtelser pr. 31. december 2025 udgør 213 t.kr. The company has entered into leases for office and warehouse premises at Havnegade 5-9 and Havnegade 17, Odense, which can be terminated with 6 months notice. The total outstanding lease payments tDKK 213 at 31 December 2025.   11.Finansielle risiciFinancial risksValutarisiciExchange rate risksSelskabet har indgået valutaterminsforretninger til sikring af fremtidige pengestrømme ved indkøb i fremmed valuta. Valutaterminskontrakter er indgået med selskabets sædvanlige pengeinstitut. Der er indgået terminskontrakter i 2025, som fastlåser kursen på USD på fremtidige køb. Der er pr. 31. december 2025 indgået aftaler om køb af 520 t.USD til en samlet værdi på 3.357 tkr. Restløbetiden og aftaler om køb på de indgående aftaler er alle under 3 mdr. Dagsværdien er opgjort som den af banken oplyste markedsværdi pr. 31. december 2025, idet korrektion som følge af, at der tages højde for egen kreditrisiko mv. i dagsværdiopgørelsen, er ubetydelig grundet den korte løbetid. The Company has foreign exchange swap- and forward contracts to hedge future cash flows from purchases in foreign currencies. Foreign exchange forward contracts have been entered into with the Company's usual bank. Forward contracts were entered into in 2025, which lock in the USD exchange rate for future purchases. As of December 31, 2025, agreements have been made to purchase 520 t.USD for a total value of 3,357 tkr. Remaining term and purchase of outstanding contracts is less than 3 month.   The fair value is determined as the market value reported by the bank as of December 31, 2025, and any adjustment due to the fact that own credit risk etc. is taken into account in the fair value calculation as insignificant due to the short term. 12.Nærtstående parterRelated partiesKoncernregnskabConsolidated financial statementsBluepack ApS indgår i koncernregnskabet for Beheermaatschappij LaPipack B.V., Waddinxveen, Holland (KvK-nr. 29027929). Koncernregnskabet vil blive indleveret til det hollandske handelsregister (Kamer van Koophandel) og kan rekvireres derfra.Bluepack ApS is included in the consolidated financial statements of Beheermaatschappij LaPipack B.V., Waddinxveen, the Netherlands (KvK no. 29027929).  The consolidated financial statements are filed with the Dutch Chamber of Commerce (Kamer van Koophandel), and are available upon request