16377708 2025-01-01 2025-12-31 16377708 2025-01-01 2025-12-31 1 16377708 2025-01-01 2025-12-31 1 16377708 2025-01-01 2025-12-31 2 16377708 2025-01-01 2025-12-31 3 16377708 2024-01-01 2024-12-31 16377708 2025-12-31 16377708 2024-12-31 16377708 2023-12-31 fsa:ContributedCapitalMember 16377708 2023-12-31 fsa:RetainedEarningsMember 16377708 2023-12-31 16377708 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 16377708 2024-12-31 fsa:ContributedCapitalMember 16377708 2024-12-31 fsa:RetainedEarningsMember 16377708 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 16377708 2025-12-31 fsa:ContributedCapitalMember 16377708 2025-12-31 fsa:RetainedEarningsMember xbrli:pure iso4217:DKK 34 Caroline Ulrich Bjørnsen Studstrup & Østgaard A/S RådgivendeIngeniørfirma Visionsvej 53 9000 Aalborg 16377708 Aalborg Statement by Board of Directors and Executive The Executive Board and Board of Directors have today considered and approved the annual report for the financial year 1 January – 31 December 2025 of Studstrup & Østgaard A/S Rådgivende Ingeniørfirma. The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the accounting policies applied are appropriate and the accounting estimates made are adequate. Furthermore, we find the overall presentation of the financial statement to be true and fair. In our opinion, the annual report gives a true and fair view of the company's assets, liabilities, equity and the activities for the financial year 1 January – 31 December 2025 in accordance with the Danish Financial Statements Act. In our opinion, the management's review gives a fair presentation of the issues covered and describes the company's most material risks and uncertainties. The annual report is recommended for approval at the annual general meeting. The annual general meeting has decided that the company's annual report should not be audited. The conditions for omitting audit have been met. Kongens Lyngby Jens Højgaard Christoffersen Chief Executive Officer Marius Weydahl Jens Højgaard Christoffersen Natalie G. Shaverdian Riise-Knudsen Chair Management review Development in activities and financial matters The profit for the year for the fiscal year 1 January to 31 December 2025 is DKK -39 and the total balance at 31 December 2025 is DKK 1,097,443 with an equity of DKK 1,097,443. Events after the balance sheet date No events of material importance to the company’s financial statements have occurred after the reporting date at 31 December 2025. The conditions for omitting audit have been met. The company's principal services The company has no activity. Accounting policies Reporting Class The 2025 annual report for Studstrup & Østgaard A/S Rådgivende Ingeniørfirma has been prepared in accordance with the provisions of the Danish Financial Statements Act for medium-sized enterprises in reporting class B. Reporting currency The financial statements for the company are presented in Danish kroner (DKK). The functional currency is DKK. Recognition and measurement Income is recognised in the income statement as earned. Costs incurred in generating the revenue for the year are recognised in the income statement, including amortisation, depreciation and impairment losses. Assets are recognised in the balance sheet when it is probable that future economic benefits 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. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each individual item below. Certain financial assets and liabilities are measured at amortised cost to achieve a constant effective interest rate over the life of the asset or liability. Amortised cost is stated as original cost less any repayments plus or minus the cumulative amortisation of any difference between cost and nominal amount. In this way, capital losses and gains are amortised over the life of the asset or liability. Recognition and measurement take into consideration anticipated losses and risks that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date. Income statement Operating profit The company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Operating profit consists of external costs. External costs External costs include administrative, office, marketing as well as other costs. Financial income and costs Financial income and costs include interest and realised and unrealised foreign exchange gains and losses. Income tax for the year The company is jointly taxed with the consolidated entities in the COWI Group, including foreign subsidiaries of COWI Holding A/S. Income tax for the year, consists of current tax for the year, and is recognised in the income statement. Balance sheet Receivables Receivables are recognised initially at fair value and subsequently measured at net realisable value, corresponding to amortised cost less provision for bad and doubtful debts. Equity The management’s proposed dividend distribution for the year is disclosed as a separate equity item. Financial liabilities Other accounts payable are measured at amortised cost, materially corresponding to nominal value. Current tax receivables and liabilities Current tax receivables and liabilities are recognised net in the balance sheet as tax computed on taxable income for the year adjusted for tax on taxable income for previous years. Contingent liabilities Contingent liabilities are not recognised in the balance sheet but are disclosed only in the notes. true -50 -180 0 0 -50 -180 -11 152 -39 -332 -39 -332 -39 -332 1097432 1097442 11 40 1097443 1097482 1097443 1097482 1097443 1097482 1125000 1125000 -27557 -27518 1097443 1097482 1097443 1097482 1125000 -27186 1097814 -332 -332 1125000 -27518 1097482 -39 -39 1125000 -27557 1097443 The share capital consists of shares of 1,125 of each DKK 1,000. No shares are assigned special rights. There have been no changes to the share capital for the last five years. DKK 2025 2024 1. Tax on profit for the yearCurrent tax for the year11 40 Adjustment tax prior year0 -192Tax on profit for the year11 -152 2. Related parties and ownershipCOWI A/S owns all shares in Studstrup & Østgaard A/S Rådgivende Ingeniørfirma.In accordance with section 98 C(6) of the Danish Financial Statements Act, transactions with related parties at arm's length have not been disclosed. Apart from usual intercompany transactions and usual management remuneration, no transactions were made during the year with the Board of Directors, the Executive Board, managerial employees, principal shareholders, other group companies or other related parties. 3. Contingent liabilitiesThe Group's companies are jointly and severally liable for tax on the Group's jointly-taxed income etc. The totalamount appears in the annual report for COWI Holding A/S, which is the management company in the jointtaxation.The conditions for omitting audit have been met. 4. Employee conditionsThe company had no paid employees in 2024 and 2025. 5. The company's principal servicesThe company has no activity. Annual report No audit assistance ParsePort XBRL Converter 2025-01-01 2025-12-31 2024-01-01 2024-12-31 2026-04-30 Reporting class B 56400000 0 0 2026-04-30 529900VSWLQF0O3GA946 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup