27232620 2025-01-01 2025-12-31 27232620 2024-01-01 2024-12-31 27232620 2025-12-31 27232620 2024-12-31 27232620 2025-01-01 c:RetainedEarningsMember 27232620 2025-12-31 c:RetainedEarningsMember 27232620 2025-01-01 2025-12-31 1 27232620 2025-01-01 2025-12-31 1 27232620 2025-01-01 2025-12-31 2 27232620 2025-01-01 2025-12-31 3 27232620 2025-01-01 2025-12-31 1 27232620 2025-01-01 c:ContributedCapitalMember 27232620 2025-01-01 2025-12-31 c:RetainedEarningsMember 27232620 2025-12-31 c:ContributedCapitalMember iso4217:DKK xbrli:pure 2448921 3171630 1966366 2024308 1022322 1047513 1047513 1047513 1047513 1191666 1111871 1191666 1111871 2222958 4392638 2741920 4637851 1282576 5216162 6264101 5216162 6264101 1955725 1256978 2605725 1906978 1360736 2410437 4157123 2410437 4157123 5216162 6264101 1256978 1955725 1724672 1790735 1966366 2024308 true BDO Statsautoriseret Revisionspartnerselskab Dokken 8 DK-6700 Esbjerg 45719375 Årsrapport 2026-04-21 Max Nikolaus Jacobi Jacobi Tegl A/S Oddesundvej 37, 1. 6715 Esbjerg N Den uafhængige revisors erklæring om udvidet gennemgang 27232620 2003-06-23 Esbjerg 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Dokken 8 6700 Esbjerg Today the Board of Directors and Executive Board have discussed and approved the Annual Report of Jacobi Tegl A/S for the fi­nan­ci­al year 1 January  - 31 December 2025. 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 Company's assets, liabilities and financial position at 31 December 2025 and of the results of the Company's operations for the fi­nan­ci­al year 1 January  - 31 December 2025. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. We recommend the Annual Report be approved at the Annual General Meeting. Esbjerg 2026-04-21 Erik Jørgensen Max Nikolaus Jacobi Chairman Günther Bernd Reese Michael Josef Lammers To the Shareholder of Jacobi Tegl A/S Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of Jacobi Tegl A/S for the fi­nan­ci­al year 1 January - 31 December 2025, which comprise income statement, Balance Sheet, sta­te­ment of chan­ges in e­qui­ty and no­tes, including 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 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.   Basis for ConclusionGrundlag for konklusion 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.   Grundlag for konklusion 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.   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.   Statement on the Management Commentary Management is responsible for the Ma­na­ge­ment Com­men­ta­ry.   Our conclusion on the Fi­nan­ci­al Sta­te­ments does not cover the Ma­na­ge­ment Com­men­ta­ry, and we do not express any form of assurance conclusion thereon.   In connection with our extended review of the Fi­nan­ci­al Sta­te­ments, our responsibility is to read the Ma­na­ge­ment Com­men­ta­ry and, in doing so, consider whether the Ma­na­ge­ment Com­men­ta­ry is materially inconsistent with the Fi­nan­ci­al Sta­te­ments or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.   Moreover, it is our responsibility to consider whether the Ma­na­ge­ment Com­men­ta­ry provides the information required under the Danish Financial Statements Act.   Based on the work we have performed, we conclude that the 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 the Ma­na­ge­ment Com­men­ta­ry.   Esbjerg 2026-04-21 BDO Statsautoriseret Revisionspartnerselskab 45719375 Mikael Grosbøl Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne33707 Principal activities The primary activities of the entity are to market and sell roof tiles.   0 125.000 482.555 22.144 34.618 5.952 9.427 498.747 -200.000 0 698.747 698.747 698.747 300.000 100.000 218.962 145.213 514.379 650.000 650.000 200.000 200.000 200.000 200.000 3.085 0 179.848 292.725 601.962 DKKSha­re ca­pi­talRetained earningsTotal Equity at 1 January 2025650.0001.256.9781.906.978 Proposed profit allocation 698.747698.747 Equity at 31 December 2025650.0001.955.7252.605.725 650.000 698.747 650.000 1 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees33 Wages and salaries 1.724.6721.790.735 Pensions 215.929208.435 Social security costs 25.76525.138 1.966.3662.024.308 3 3 215.929 208.435 25.765 25.138 2 | Other financial expenses Interest expenses to group enterprises 5.5225.522 Other interest expenses 4303.905 5.9529.427 5.522 5.522 430 3.905 5.952 9.427 -200.000 0 Contingent liabilities Unrecognised rental and lease commitmentsLiability under rental or lease agreements until maturity  The total contingent liabilities as of the balance sheet date amount to: 443.164 443.164 5 | Charges and securities As security for bank debt is deposited enterprice mortgage nom. 1.500.000 DKK The company has received a claim of DKK 495,000 from a business partner. An expert assessment has been conducted to evaluate the case. The company's management does not agree with the conclusion and believes that a settlement i the case is a possibility. The company has therefore made a provisions for part of the claim. 6 | Consolidated Financial Statements Name and registered office of the Parent preparing consolidated financial statements for the largest group: Jacobi Tonwerke GmBH, Germany. Name and registered office of the Parent preparing consolidated financial statements for the smallest group:  Jacobi Tonwerke GmBH, Germany. Copies of the consolidated financial statements of the foregin parent company may be ordered at the following address: Jacobi Tonwerke GmBH, Osteroder Strasse 2, 37434 Bilshausen, Germany. The Annual Report of Jacobi Tegl A/S for 2025 has been presented in accor­dance with the pro­vi­sions of the  Fi­nan­ci­al State­ments Act for Da­nish en­ter­pri­ses in re­por­ting class B  and cer­tain pro­vi­si­ons ap­ply­ing to re­por­ting class C.  Regnskabsklasse B1truetrueThe Annual Report is prepared consistently with the accounting principles applied last year.   Regnskabsklasse B true Net revenue Net revenue from the sale of merchandise and finished goods is recognised in the Income Statement if supply and risk transfer to purchaser has taken place before the end of the year and if the income can be measured reliably and is expected to be received.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Costs of raw materials and consumables Raw materials and consumables comprises the costs of raw materials and consumables used to reach the revenue for the year. Additionally, decrease or increase of inventories of raw materials and consumables for the year is included, as well as normal impairment of inventories of raw materials and consumables.   Other operating income Other operating income includes items of a secondary nature in relation to the enterprises' principal activities, including profit from sale of intangible and tangible assets, operating loss and conflict compensations, as well as salary refunds. Compensations are recognised when the income is estimated to be realisable.    Other external expenses Other external expenses include other production, sales, delivery and administrative costs, including costs of energy, marketing, premises, loss on bad debts,  lease expenses, etc   Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions, and other costs of social security etc., for the Com­pa­ny's employees.   Other operating expenses Other operating expenses include items of a secondary nature in relation to the Group’s and the Company’s activities. Losses from sale of intangible and tangible fixed assets are also included.   Financial income and expenses Financial income and expenses include interest income and expenses, financial expenses of finance leases, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices.   Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity.   Impairment of fixed assets The carrying amount of pro­per­ty, plant and equip­ment, are assessed annually for indications of impairment other than that reflected by amortisation and depreciation.   In the event of impairment indications, an impairment test is made for each asset or group of assets, respectively. If the recoverable amount is lower than the carrying amount, the asset is written down to the recoverable amount.   Inventories Inventories are measured at cost using the FIFO-principle. If the net realisable amount is lower than cost, the inventories are written down to the lower amount.   The cost of merchandise as well as raw materials and consumables is calculated at acquisition price with addition of transportation and similar costs.   The cost of finished goods and work in progress includes the cost of raw materials, consumables, direct payroll cost and other direct production cost.   The net realisable value of inventories is stated at the expected sales price less direct completion costs and costs incurred to execute the sale and is determined with due regard to marketability, obsolescence and development in expected sales price of the inventories.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Write-off is performed to provide for losses when an objective indication has been assessed to have incurred that a receivable or a portfolio of receivables are impaired. If there is an objective indication that an individual receivable is impaired, the write-off is performed at individual level.   Receivables for which there are no objective indication of impairment at individual level are assessed at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors’ registered office and credit rating in accordance with the Company’s policy for credit risk management. The objective indicators, which are applied for portfolios, are determined based on the historical loss experiences.   Write-off is determined as the difference between the carrying amount of receivables and the present value of the expected cash flows, including realisable value of any received collaterals. The effective interest rate is used as discount rate for the single receivable or portfolio.   Other provisions for liabilities Other provisions for liabilities include the expected cost of warranty commitments, loss on work in progress, restructurings etc. and deferred tax.   Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, ad­justed for tax on the taxable income for previous years and taxes paid on account.   Deferred tax is measured on the temporary dif­ferences between the carrying amount and the tax value of assets and liabilities.   Deferred tax assets, including the tax value of tax loss carryforwards, are measured at the amount at which the asset is expected to be used within a reasonable number of years, either by setoff against tax on future earnings or by setoff against deferred tax liabilities within the same legal tax entity.   Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the Balance Sheet date will be ap­pli­cable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity.   Liabilities Financial liabilities are recognised at the time of borrowing by the amount of proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost equal to the capitalised value when using the effective interest, the difference between the proceeds and the nominal value being recog­nised in the Income Statement over the loan period.   The amortised cost of current liabilities corresponds usually to the nominal value.