37247022 2025-12-31 37247022 2024-12-31 37247022 2025-01-01 c:RetainedEarningsMember 37247022 2025-12-31 c:RetainedEarningsMember 37247022 2025-01-01 2025-12-31 37247022 2025-01-01 2025-12-31 1 37247022 2025-01-01 2025-12-31 1 37247022 2025-01-01 2025-12-31 2 37247022 2025-01-01 2025-12-31 3 37247022 2025-01-01 2025-12-31 1 37247022 2024-01-01 2024-12-31 37247022 2025-01-01 c:ContributedCapitalMember 37247022 2025-01-01 2025-12-31 c:RetainedEarningsMember 37247022 2025-12-31 c:ContributedCapitalMember iso4217:DKK xbrli:pure 1059124 1854860 1499596 1854860 1499596 -5289369 -5412149 -4789369 -4912149 6531171 6224946 6644229 6411745 6644229 6411745 1854860 1499596 -5412149 -5289369 true BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 DK-8000 Aarhus C 45719375 Årsrapport 2026-03-18 Lars Kramer Mobile Gate Security A/S Niels Bohrs Vej 23 8660 Skanderborg Andre erklæringer uden sikkerhed 37247022 2015-11-16 Skanderborg 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 8000 Aarhus C Today the Board of Directors and Executive Board have discussed and approved the Annual Report of Mobile Gate Security 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. The Board of Directors and Executive Board remain of the opinion that the conditions for opting out of audit have been fulfilled.   We recommend the Annual Report be approved at the Annual General Meeting. Stilling 2026-03-17 Lars Kramer Sigmund Laszlo Toth Chairman Lars Kramer Morten Olesen To the Shareholder of Mobile Gate Security A/S We have compiled these Fi­nan­ci­al Sta­te­ments of Mobile Gate Security A/S for the fi­nan­ci­al year 1 January - 31 December 2025 based on the Com­pa­ny's accounting records and other information provided by Ma­na­ge­ment.   These Fi­nan­ci­al Sta­te­ments comprise income statement, balance sheet, sta­te­ment of chan­ges in e­qui­ty, no­tes and accounting policies.   We performed this compilation engagement in accordance with the International Standard, Compilation Engagements.   We have applied our professional expertise to assist Ma­na­ge­ment in the preparation and presentation of these Fi­nan­ci­al Sta­te­ments in accordance with the Da­nish Fi­nan­ci­al State­ments Act. We have complied with relevant statutory provisions of the Danish Audit Act and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), including principles of integrity, objectivity, professional behaviour, and due care.   These Fi­nan­ci­al Sta­te­ments and the accuracy and completeness of the information used to compile these Fi­nan­ci­al Sta­te­ments are Ma­na­ge­ment’s responsibility.   Since an engagement to compile financial information is not an assurance engagement, we are not required to verify the accuracy or completeness of the information provided by Ma­na­ge­ment to us to compile these Fi­nan­ci­al Sta­te­ments. Accordingly, we do not express an audit opinion or a review conclusion on whether these Fi­nan­ci­al Sta­te­ments are prepared in accordance with the Da­nish Fi­nan­ci­al State­ments Act.   Aarhus 2026-03-17 BDO Statsautoriseret Revisionspartnerselskab 45719375 Morten K. Veng Andre erklæringer uden sikkerhed State Authorised Public Accountant mne34298 Principal activities The Company's principal activities is to do business within mobile security and other related business, partly in Denmark and partly abroad.  The business is built on a patent-pending mobile security concept constructed in modules: a concept spanning from the basis model which is a high-quality sliding gate integrated in a standard container to complete mobile security solutions with access control, camera monitoring and mobile fence, among other things.   351.309 521.693 5.499 3.027 199.398 298.542 157.410 226.178 34.630 49.969 122.780 176.209 122.780 176.209 122.780 176.209 602.176 665.880 602.176 665.880 166.158 56.333 27.402 36.536 0 69.773 193.560 162.642 671.074 500.000 500.000 75.213 136.757 25.496 37.791 1.968 12.251 DKKSha­re ca­pi­talRetained earningsTotal Equity at 1 January 2025500.000-5.412.149-4.912.149 Proposed profit allocation 122.780122.780 Equity at 31 December 2025500.000-5.289.369-4.789.369 500.000 122.780 500.000 1 | Conditions for continued operation The Company has received a comfort letter from the Company's affiliated company KIBO Sikring A/S stating that the the liquidity necessary for the coming year has been secured. It has been agreed that the affiliated company will be inferior to Company's accounts payable in 2026, and that the affiliated company will not request its account receivable fully or partly repaid in 2026, as well as that the loan will not be paid off until the Company has the means to do so. 20252024 DKKDKK 2 | Other financial expenses Interest expenses to group enterprises 199.311294.193 Other interest expenses 874.349 199.398298.542 199.311 294.193 87 4.349 199.398 298.542 25.496 37.791 9.134 12.178 Joint liabilitiesThe Company is jointly and severally liable together with the Parent Company and the other group companies in the joint taxable group for tax on the group’s joint taxable income and for certain possible withholding taxes, such as dividend tax, etc. Tax payable on the Group’s joint taxable income is stated in the annual report of Heras Group Denmark ApS, which serves as management Company for the joint taxation. 5 | Consolidated Financial Statements The Company is included in the Consolidated Financial Statements for the Parent Company Secure Holdco AS, Stamveien 8, 14 Hagan, organisasjonsnr. 930 914 401.   20252024 6 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees11 1 1 The Annual Report of Mobile Gate Security A/S 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.  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.   Cost of sales Cost of sales comprise costs incurred to achieve the net revenue for the year, including direct and indirect costs of raw materials and consumables.   Other external expenses Other external expenses include other production, sales, administrative costs, marketing, loss on bad debts,  etc   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 in­tan­gib­le fi­xed and 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.   The recoverable amount is calculated at the higher of the capital value and the sales value less expected costs of a sale. The capital value is determined as the Company's share in the current value of the net cash flows which the subsidiary is expected to generate through its activities and from sale of assets after the end of their useful lives. A discount rate is used which reflects the risk-free market rate and the owners' minimum return on interest requirements for similar assets. The growth rate in the terminal period is determined in accordance with the standards within the industry.   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 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.   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.   The Company is subject to joint taxation with Danish Group companies. The current corporation tax is distributed among the joint taxable companies in proportion to their taxable income and with full allocation and refund related to tax losses. The joint taxable companies are included in the tax-on-account scheme. Joint taxation contributions receivable and payable are recognised in the Balance Sheet under current assets and liabilities, respectively.   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 The amortised cost of current liabilities corresponds usually to the nominal value.   Accruals, liabilities Accruals recognised as liabilities include payments received regarding income in subsequent years.