27252567 2025-01-01 2025-12-31 27252567 2025-01-01 2025-12-31 0 27252567 2025-01-01 2025-12-31 1 27252567 2024-01-01 2024-12-31 27252567 2024-12-31 27252567 2025-12-31 iso4217:DKK xbrli:pure 2025-01-01 Regnskabsklasse B Annual report 20222670 BDO Statsautoriseret Revisionsaktieselskab Kystvejen 29 8000 Aarhus C xWizard version 1.1.1512.0, by EasyX Aps. www.easyx.eu 2024-01-01 2024-12-31 Ingen bistand 27252567 2026-04-15 Veronica Vazquez Van Praag Bullguard ApS Nybrogade 12 1203 Copenhagen K 27252567 2003-07-08 Copenhagen Kara Shantell Jordan Veronica Vazquez Van Praag Citibank Europe Management's Statement   Today the Executive Board have discussed and approved the Annual Report of Bullguard ApS 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.   On 22 May 2025, at the annual general meeting, the Executive Board approved the decision to opt out of   the audit requirement for future periods. All conditions for opting out of audit were fulfilled and as such   no audit will be held for financial year 1 January – 31 December 2025.   On the same day, the Executive Board resolved to accept an ordinary dividend distribution of DKK ('000)   900, to the Company’s shareholder, Gen Digital Inc. This cash dividend was paid in May-25.   It is not proposed that a dividend be declared when approving the current year financial statements.   2025-12-31 We recommend the Annual Report be approved at the Annual General Meeting. Copenhagen 2026-04-15 Kara Shantell Jordan Veronica Vazquez Van Praag Management Commentary Principal activities   The company's main activity was to administrate, sell and engage in internet products, which are sold   by way of the internet. During the prior year the last remaining employee left the company, and the  company is currently non-operating.   Going concern   The going concern basis of accounting has been used in preparing the financial statements.   The company has ceased operating activities and is currently being held for an undetermined purpose.   Management expects the company to continue as a legal entity and assesses that the company has   sufficient liquidity and support from the group to meet its obligations as they fall due.   At the time of approving these financial statements, no decision has been made about the future of this   company.   Audit opt-out   During the year, the Executive Board approved the decision to opt out of the audit requirement for   the annual report for 1 January - 31 December 2025. All conditions for opting out of audit were   fulfilled.   Development in activities and financial and economic position   The profit for the year was DKK ('000) 4 compared to DKK ('000) 113 in 2024. Equity was DKK ('000) 222  at 31 December 2025. The results for the current year are considered satisfactory.   Significant events after the end of the financial year   No events have occurred after the end of the financial year of material importance for the Company's   financial position.   1101010 0 0 39315 39315 0 219389 881621 0 0 857117 24504 10954 6326 95273 7074 112703 4628 0 0 4628 112703 900000 -787297 112703 0 4628 4628 3252 52184 1851 31090 5103 83274 217223 222326 1291740 1375014 222326 1375014 125000 125000 97326 0 92698 900000 222326 1117698 0 0 0 0 205830 16580 34906 257316 0 257316 222326 1375014 Equity   Proposed   DKK   Share capital Retained profit  dividend   Total   Equity at 1 January 2025   125.000   92.698   900.000   1.117.698   Dividend paid   - - (900.000)   (900.000)   Proposed profit allocation   - 4.628   - 4.628   Equity at 31 December 2025   125.000   97.326   - 222.326   Notes   2025   2024   DKK   DKK   1 I Staff costs  Average number of full-time employees   - 1 Wages and salaries   - 306.754   Social security costs   - 2.886   Other staff costs   - 547.477   - 857.117   0 1 2 I Other financial income   Group enterprises   - 16.499   Other interest income   10.954   78.774   10.954   95.273   3 I Other financial expenses  Other interest expenses   6.326   7.074   6.326   7.074   4 I Contingencies etc.   The company has a tax loss carry forward, which is not recognized in the balance sheet, as it is not assessed   that it can be utilized within a period of 3-5 years. The value of the tax loss amounts to DKK ('000) 24,771 as   of 31 December 2025.   5 I Auditopt-out  During the year, the Executive Board approved the decision to opt out of the audit requirement for the annual   report for 1 January - 31 December 2025. All conditions for opting out of audit were fulfilled.   Accounting Policies  The Annual Report of Bullguard ApS for 2025 has been presented in accordance with the provisions   of the Danish Financial Statements Act for enterprises in reporting class B and certain provisions   applying to reporting class C.   The Annual Report is prepared consistently with the accounting principles applied last year.   Income Statement Net revenue / Operating Income   The company has historically earned revenue from providing cost plus services to a fellow group   company under a cost-plus agreement. Net revenue was recognised exclusive of VAT and less duties   and discounts related to the sale.   As the company is now non-operating, operating expenses are reimbursed at cost only and   recognised as operating income when the right to receive the amount has arisen.   Other external expenses   Other external expenses include cost of sales, advertising, administration, buildings, bad debts,   operational lease expenses, etc.   Staff costs   Staff costs comprised wages and salaries, including holiday pay and pensions and other costs for   social security etc. for the company's employees. Repayments from public authorities were   deducted from staff costs.   Financial income and expenses   Financial income and expenses include interest income and expenses, realised and unrealised   gains and losses arising from investments in financial assets, debt and transactions in foreign   currencies, amortisation of financial assets and liabilities as well as charges and allowances under   the tax-on-account scheme etc.   Financial income and expenses are recognised in the income statement by the amounts that relate   to the financial year.   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 portion that may be attributed to the profit for the year,   and is recognised directly in the equity by the portion that may be attributed to entries directly to the   equity.   Balance Sheet Receivables   Receivables are measured at amortised cost which usually corresponds to nominal value. The value is   reduced by write-down to meet expected losses.   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 carry-forwards, are measured at the expected   realisable value of the asset, either by set-off against tax on future earnings or by set-off 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 would 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   borrowing 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 term of loan.   Liabilities are measured at amortised cost equal to nominal value.   Foreign currency translation   Transactions in foreign currencies are translated at the rate of exchange on the transaction date.   Exchange differences arising between the rate on the transaction date and the rate on the payment date   are recognised in the income statement as a financial income or expense.   Receivables, payables and other monetary items in foreign currencies that are not settled on the balance   sheet date are translated at the exchange rate on the balance sheet date. The difference between the   exchange rate on the balance sheet date and the exchange rate at the time of occurrence of the   receivables or payables is recognised in the income statement as financial income or expenses.   Fixed assets acquired in foreign currencies are translated at the rate of exchange on the transaction date.