30810384 2025-01-01 2025-12-31 30810384 2025-01-01 2025-12-31 30810384 2025-01-01 2025-12-31 1 30810384 2025-01-01 2025-12-31 1 30810384 2025-01-01 2025-12-31 2 30810384 2024-01-01 2024-12-31 30810384 2025-12-31 30810384 2024-12-31 iso4217:DKK xbrli:pure 2025-01-01 2025-12-31 2026-04-14 inforevision statsautoriseret revisionsaktieselskab 2860 Søborg Buddingevej 312 2024-01-01 2024-12-31 Molo Republic ApS 30810384 Annual report Mogens Jepsen Molo Republic ApS 30810384 Mogens Jepsen Michael Dam-Johansen State Authorised Public Accountant Shpend Rasimi State Authorised Public Accountant The com­pany's primary activ­it­ies is to own shares in other com­pan­ies. The res­ults of the com­pany's activ­it­ies in the fin­an­cial year amoun­ted to a profit/loss of DKK 1.003.759 against DKK 939.275 in last fin­an­cial year. The equity at the bal­ance sheet date amoun­ted to DKK 31.279.470. Man­age­ment con­sider the res­ults as sat­is­fact­ory.For fur­ther outlook on Molo's man­age­ment com­ment­ary we refer to the annual report 2025 for the sub­si­di­ary Molo A/S. The Exec­ut­ive Board have today con­sidered and adop­ted the annual report for 1 Janu­ary 2025 - 31 Decem­ber 2025 for Molo Republic ApS. Molo Republic ApS The annual report is pre­pared in accord­ance with the Dan­ish Fin­an­cial State­ments Act. In my opin­ion, the fin­an­cial state­ments give a true and fair view of the the com­pany's fin­an­cial pos­i­tion at 31 Decem­ber 2025 and of the res­ults of its opera­tions for the fin­an­cial year 1 Janu­ary 2025 - 31 Decem­ber 2025. I believe that the Man­age­ment's review con­tains a fair review of the affairs and condi­tions referred to therein. I recom­mend that the annual report be adop­ted at the Annual Gen­eral Meet­ing. Mogens Jepsen Executive director To the share­holder's in Molo Republic ApS Molo Republic ApS Opinion We have audited the fin­an­cial state­ments of Molo Republic ApS for the fin­an­cial year 1 Janu­ary 2025 - 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. In our opin­ion, the fin­an­cial state­ments give a true and fair view of the com­pany's fin­an­cial pos­i­tion as at 31 Decem­ber 2025 and of the res­ults of the com­pany's opera­tions for the fin­an­cial year 1 Janu­ary 2025 - 31 Decem­ber 2025 in accord­ance with the Dan­ish Fin­an­cial State­ments Act. Molo Republic ApS Basis for Opinion We 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 com­pany in accord­ance with the Inter­n­a­tional Eth­ics Stand­ards Board of Account­ants' Code of Eth­ics for Pro­fes­sional Account­ants (IESBA Code) and the addi­tional require­ments applic­able in Den­mark, and we have ful­filled our other eth­ical respons­ib­il­it­ies in accord­ance with these require­ments and IESBA Code. We believe that the audit evid­ence we have obtained is suf­fi­ci­ent and appro­pri­ate to provide a basis for our opin­ion. 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, 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 com­pany or to cease opera­tions, or has no real­istic altern­at­ive but to do so. Our 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 com­pany'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 com­pany'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 com­pany 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 for pur­poses of the audit. 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. Man­age­ment is respons­ible for Man­age­ment’s Review.Our opin­ion on the fin­an­cial state­ments does not cover Man­age­ment’s Review, 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 Man­age­ment’s Review and, in doing so, con­sider whether Man­age­ment’s Review is mater­i­ally incon­sist­ent with the fin­an­cial state­ments or our know­ledge obtained dur­ing the audit, or other­wise appears to be mater­i­ally mis­stated.Moreover, it is our respons­ib­il­ity to con­sider whether Man­age­ment’s Review provides the inform­a­tion required under the Dan­ish Fin­an­ci­als State­ments Act.Based on the work we have per­formed, in our view, 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 Man­age­ment’s Review. Søborg 2026-04-14 inforevision statsautoriseret revisionsaktieselskab inforevision statsautoriseret revisionsaktieselskab 19263096 19263096 Michael Dam-Johansen State Authorised Public Accountant mne36161 Shpend Rasimi State Authorised Public Accountant mne47779 The annual report has been pre­pared in accord­ance with Dan­ish fin­an­cial state­ment legis­la­tion as well as gen­erally accep­ted account­ing prin­ciples. The annual report has been pre­pared in accord­ance with the pro­vi­sions of the Dan­ish Fin­an­cial State­ments Act govern­ing Reporting class B.Some pro­vi­sions from report­ing class C has been adop­ted.The account­ing policies have not been changed from last year. Reporting class B The fin­an­cial state­ments have been pre­pared based on his­t­or­ical cost.The income is 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.Cer­tain fin­an­cial assets and liab­il­it­ies are meas­ured at amort­ised cost, which involves the recog­n­i­tion of a con­stant effect­ive interest rate over the matur­ity period. Amort­ised cost is cal­cu­lated as ori­ginal cost less any repay­ments and with addi­tion/deduc­tion of the cumu­lat­ive amort­isa­tion of any dif­fer­ence between cost and the nom­inal amount. In this way, cap­ital losses and gains are alloc­ated over the matur­ity period.Recog­n­i­tion and meas­ure­ment take into account pre­dict­able losses and risks occur­ring before the present­a­tion of the annual report which con­firm or inval­id­ate affairs and condi­tions exist­ing at the bal­ance sheet date.The func­tional cur­rency is Dan­ish Kroner. All other cur­ren­cies are con­sidered for­eign cur­ren­cies. Dur­ing the year, trans­ac­tions in for­eign cur­ren­cies have been trans­lated apply­ing the exchange rate at the trans­ac­tion date. If cur­rency pos­i­tions are con­sidered hedge of future cash flows, the value adjust­ments are recog­n­ised dir­ectly in equity.Receiv­ables and debt denom­in­ated in for­eign cur­ren­cies have been recog­n­ised at the exchange rate of the bal­ance sheet date.Real­ised and unreal­ised exchange gains and losses have been recog­n­ised in the income state­ment under other fin­an­cial income and expenses. Gross profit/loss includes "External expenses". External expenses com­prises Admin­is­trat­ive expenses. Income from invest­ments in par­ti­cip­at­ing interests com­prises the pro rata share of the par­ti­cip­at­ing interests’ profit/loss adjus­ted for internal profits and losses less amort­isa­tion of good­will on con­sol­id­a­tion for the year. Fin­an­cial income is recog­n­ised with amounts con­cern­ing the fin­an­cial year. Fin­an­cial income com­prise interest. Tax on profit or loss for the year rep­res­ents 22% of the book profit or loss adjus­ted for non-tax­able and non-deduct­ible items. Tax on profit or loss for the year con­sists of the anti­cip­ated tax por­tion of the tax­able income for the year adjus­ted for the changes for the year in deferred tax. Changes in deferred taxes due to adjust­ments of tax rates is recog­n­ised in the income state­ment. Tax on profit or loss for the year is recog­n­ised in the income state­ment by the por­tion attrib­ut­able to the profit or loss for the year and recog­n­ised dir­ectly in equity by the por­tion attrib­ut­able to entries dir­ectly in equity. The com­pany is sub­ject to the Dan­ish Tax Pre­pay­ment Scheme. Interest reim­burse­ment and interest sur­charge have been recog­n­ised in fin­an­cial income and expenses. The bal­ance sheet has been presen­ted in account form. Par­ti­cip­at­ing interests have been recog­n­ised accord­ing to the equity method. This means that invest­ments are meas­ured at the pro rata share of the par­ti­cip­at­ing interests' net asset value adjus­ted for internal dividends and profit or losses.For­eign par­ti­cip­at­ing interests' profit or loss and equity have been trans­lated into Dan­ish Kroner. Exchange dif­fer­ences arising out of the trans­la­tion of for­eign par­ti­cip­at­ing interests' equity at the begin­n­ing of the fin­an­cial year at the bal­ance sheet date exchange rates and out of the trans­la­tion of income state­ments from average rates to the exchange rates at the bal­ance sheet date are taken into equity.Dis­trib­ut­able reserves in par­ti­cip­at­ing interests which are dis­trib­uted as dividends to the par­ent at the bal­ance sheet date are included in the value of par­ti­cip­at­ing interests.Par­ti­cip­at­ing interests with neg­at­ive net asset val­ues are meas­ured at zero, and any receiv­able from such enter­prises is writ­ten down by the Par­ent's share of the neg­at­ive net asset value to the extend deemed irre­cover­able. If the neg­at­ive net asset value exceeds the amount receiv­able, the remain­ing amount is recog­n­ised in pro­vi­sions to the extent the Par­ent has a legal or con­struct­ive oblig­a­tion to cover the rel­ev­ant par­ti­cip­at­ing interests' liab­il­it­ies.Acquis­i­tion of par­ti­cip­at­ing interests are recog­n­ised at cost. The dif­fer­ence between the cost price and the net asset value of the acquired com­pany, which appears at the time of est­ab­l­ish­ing the con­sol­id­a­tion, is as far as pos­s­ible alloc­ated to the assets and liab­il­it­ies whose value is higher or lower than the car­ry­ing amount. A remain­ing pos­it­ive dif­fer­ence is treated as good­will and included in the value of par­ti­cip­at­ing interests.A neg­at­ive dif­fer­ence, reflect­ing an expec­ted cost or an unfa­vour­able devel­op­ment, are recog­n­ised as income in the income state­ment in the year of acquis­i­tion. Good­will is amort­ised in the income state­ment over 5 years. The amort­isa­tion period is based on an assess­ment of the mar­ket pos­i­tion, earn­ings pro­file, and expect­a­tions of cus­tomers loy­al­ity, which within reas­on­able lim­its is based on his­t­or­ical data/regis­tra­tions. Amort­isa­tions are recog­n­ised in the income state­ment with other value adjust­ments in the item income from invest­ments in par­ti­cip­at­ing interests. The total net revalu­a­tion of par­ti­cip­at­ing interests is alloc­ated through the profit or loss dis­tri­bu­tion to "Reserve for net revalu­a­tion accord­ing to the equity method" under equity. The reserve is reduced by dividend dis­tri­bu­tions to the Par­ent and is adjus­ted by changes in equity in the par­ti­cip­at­ing interests. 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. Pro­vi­sions for bad debts are determ­ined on the basis of an indi­vidual assess­ment of each receiv­able. Reserve for net revalu­a­tion accord­ing to equity method com­prise net revalu­a­tion in group enter­prises, asso­ci­ates and par­ti­cip­at­ing interests. The reserve is reduced by dividend dis­trib­uted to the Par­ent and adjus­ted for other equity move­ments in the group enter­prises, asso­ci­ates and par­ti­cip­at­ing interests. The reverse may be elim­in­ated with neg­at­ive retained earn­ings. The reserve is reduced or dis­solved when divest­ing the group enter­prises, asso­ci­ates and par­ti­cip­at­ing interests. Deferred tax is meas­ured using the bal­ance sheet liab­il­ity method. Pro­vi­sion has been made for deferred tax by 22% on all tem­por­ary dif­fer­ences between car­ry­ing amount and tax-based value of assets and liab­il­it­ies. Deferred tax is also meas­ures with respect of the planned use of the asset and the set­tle­ment of the liab­il­ity. The tax value of the tax losses to be car­ried for­ward are included in the cal­cu­la­tion of deferred taxes if it is prob­able that the losses can be used. Deferred tax assets are meas­ured at net real­is­able value.The com­pany is jointly taxed with other Dan­ish group enter­prises with Mor­ilo Hold­ing ApS as Man­age­ment com­pany. The tax effect of the joint tax­a­tion is alloc­ated among the group enter­prises in ratio to their tax­able income accord­ing to the rules on full alloc­a­tion with a refund for tax losses of the Dan­ish Cor­por­a­tion Tax Act. Joint tax con­tri­bu­tions between the jointly taxed com­pan­ies which have not been settled at the bal­ance sheet date are clas­si­fied as joint tax con­tri­bu­tions in receiv­ables or liab­il­it­ies other than pro­vi­sions. Short-term debts are meas­ured at amort­ised cost, sub­stan­tially cor­respond­ing to nom­inal value. -11188 -10235 1010133 944012 3016 4162 1001961 937939 -1798 -1336 1003759 939275 -6375 -4737 31185225 30955148 31185225 30955148 31185225 30955148 102447 109283 1798 1336 104245 110619 104245 110619 31289470 31065767 3650000 3650000 27703773 27473695 -74303 -67928 31279470 31055767 10000 10000 10000 10000 10000 10000 31289470 31065767  Con­trib­uted cap­italReserve for net revalu­a­tion accord­ing to equity methodRetained earn­ingsTotal DKKDKKDKKDKK     Equity at 1 Janu­ary 20243.650.00026.045.039-63.19129.631.848Dis­trib­uted profit/loss for the year 944.012-4.737939.275Change in equity in equity invest­ments 484.6440484.644Equity at 1 Janu­ary 20253.650.00027.473.695-67.92831.055.767Dis­trib­uted profit/loss for the year 1.010.134-6.3751.003.759Change in equity in equity invest­ments -780.0560-780.056Equity at 31 Decem­ber 20253.650.00027.703.773-74.30331.279.470 944012 1010134    2025 DKK  Average num­ber of full-time employ­ees0     0  20252024 DKKDKK   Fin­an­cial income from group enter­prises3.0164.162Total3.0164.162 3016 4162       Joint tax con­tri­bu­tionDeferred taxTax on profit/loss for the year2024 DKKDKKDKKDKK     Pay­ables at 1 Janu­ary 2025-1.3360  Paid in respect of pre­vi­ous years1.336   Tax on profit/loss for the year-1.7980-1.798-1.336Pay­ables at 31 Decem­ber 2025-1.7980  Tax on profit/loss for the year recog­n­ised in the income state­ment  -1.798-1.336     Recog­n­i­tion in bal­ance sheet:    Short-term receiv­ables (cur­rent asset)-1.7980  Total-1.7980    Par­ti­cip­at­ing interestsTotal2024 DKKDKKDKK    Cost at 1 Janu­ary 20253.481.4523.481.4523.481.452Cost at 31 Decem­ber 20253.481.4523.481.4523.481.452    Revalu­a­tions at 1 Janu­ary 202530.507.25130.507.25129.078.594Revalu­a­tions for the year1.010.1331.010.133944.012Equity adjust­ments-780.056-780.056484.645Revalu­a­tions at 31 Decem­ber 202530.737.32830.737.32830.507.251    Amort­isa­tion and impair­ment losses at 1 Janu­ary 2025-3.033.555-3.033.555-3.033.555Amort­isa­tion and impair­ment losses at 31 Decem­ber 2025-3.033.555-3.033.555-3.033.555    Car­ry­ing amount at 31 Decem­ber 202531.185.22531.185.22530.955.148    Accord­ing to annual reportMolo Republic ApS' share Equity interestCon­trib­uted cap­italProfit/loss for the yearEquityShare of profit/loss for the yearShare of equity   DKKDKKDKKDKK       Molo A/S, Copen­ha­gen38%500.0002.658.24682.066.3821.010.13331.185.225Total    1.010.13331.185.225       Recog­n­i­tion in bal­ance sheet:      Par­ti­cip­at­ing interests     31.185.225Total     31.185.225 Molo Republic ApS Molo Republic ApS are jointly taxed with other group com­pan­ies and are sev­erally liable for tax on the jointly taxed incomes etc. of the group. Moreover, the group com­pan­ies are jointly and sev­erally liable for Dan­ish with­hold­ing taxes by way of tax on interest, dividend tax and tax on roy­alty pay­ments. Any sub­sequent adjust­ments of cor­por­a­tion taxes and with­hold­ing taxes may increase the the com­pany's liab­il­ity. Molo Republic ApS Revisionspåtegning 19263096 inforevision statsautoriseret revisionsaktieselskab Buddingevej 312 2860 Søborg 2026-04-14 2025-01-01 2025-12-31 2024-01-01 2024-12-31