41401125 2025-01-01 2025-12-31 41401125 2025-01-01 2025-12-31 1 41401125 2025-01-01 2025-12-31 1 41401125 2025-01-01 2025-12-31 2 41401125 2025-01-01 2025-12-31 3 41401125 2025-01-01 2025-12-31 1 41401125 2024-01-01 2024-12-31 41401125 2025-12-31 41401125 2024-12-31 41401125 2025-01-01 c:ContributedCapitalMember 41401125 2025-01-01 c:RetainedEarningsMember 41401125 2025-01-01 2025-12-31 c:RetainedEarningsMember 41401125 2025-12-31 c:ContributedCapitalMember 41401125 2025-12-31 c:RetainedEarningsMember 41401125 2025-01-01 c:DepositsLongtermInvestmentsAndReceivablesMember 41401125 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure true BDO Statsautoriseret Revisionspartnerselskab Papirfabrikken 34 DK-8600 Silkeborg 45719375 Årsrapport 2026-04-29 Nicola Josefine Warning KTR Systems Danmark ApS Vejlsøvej 51 8600 Silkeborg Den uafhængige revisors erklæring om udvidet gennemgang 41401125 2020-06-02 Silkeborg 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Papirfabrikken 34 8600 Silkeborg Jyske Bank Vestergade 8-10 8600 Silkeborg Today the Board of Directors and Executive Board have discussed and approved the Annual Report of KTR Systems Danmark 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. We recommend the Annual Report be approved at the Annual General Meeting. Silkeborg 2026-04-29 Patrick Thole Nicola Josefine Warning Chairman Torben Maybaum Vice-chairman Tobias Quaing To the Shareholder of KTR Systems Danmark ApS Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of KTR Systems Danmark ApS 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.   Silkeborg 2026-04-29 BDO Statsautoriseret Revisionspartnerselskab 45719375 Anders Damgaard Lunde Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne46586 Principal activities KTR Systems Danmark ApS deals with the sale of drive technology, brake systems, hydraulic components and cooling systems, developed and produced by KTR Systems GmbH. In addition to numerous standard products, every year KTR makes new developments and product versions on behalf of clients.   Development in activities and financial and economic position The financial year shows a result of DKK 1.763.567. Costs have been reduced in this financial year, and the company expectation of a posivite result for 2025 has been realized.  The company's equity is negative by DKK 540.700, which is a significant improvement from 2.304.266 last year. The share capital is expected to be restored by the company's own earnings in the coming years, or by capital increase by debt conversion or cash contribution. The parent company, KTR Systems GmbH, has issued a letter of comfort, to secure the liquidity required for the operations in the coming year.   1821036 790062 0 979432 1821036 -189370 499 1907 57968 51284 1763567 -238747 0 0 1763567 -238747 1763567 -238747 1763567 -238747 24158 24158 24158 24158 24158 24158 1328671 263997 0 2399 8622 49754 1337293 316150 1891563 670110 3228856 986260 3253014 1010418 40000 40000 -580700 -2344266 -540700 -2304266 46476 43490 2618282 2886510 3793714 3314684 3793714 3314684 3253014 1010418 DKKSha­re ca­pi­talRetained earningsTotal Equity at 1 January 202540.000-2.344.267-2.304.267 Proposed profit allocation 1.763.5671.763.567 Equity at 31 December 202540.000-580.700-540.700 40000 -2344267 1763567 40000 -580700 1 | Condition for going concern The company's equity is negative by DKK 540.700. The share capital is expected to be restored by the company's own earnings in the coming years, or by capital increase by debt conversion or cash contribution. The parent company, KTR Systems GmbH, has issued a letter of comfort, to secure the liquidity required for the operations in the coming year. 20252024 DKKDKK 2 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees01 Wages and salaries 0569.451 Pensions 0401.551 Social security costs 08.430 0979.432 0 1 0 569451 0 401551 0 8430 0 979432 3 | Other financial expenses Interest expenses to group enterprises 48.63847.464 Other interest expenses 9.3303.820 57.96851.284 48638 47464 9330 3820 57968 51284 4 | Financial non-current assets DKKRent deposit and other receivables Cost at 1 January 2025 24.158Cost at 31 December 2025 24.158  Carrying amount at 31 December 202524.158 24158 24158 24158 2025 DKK Other financial commitments Property rental obligations The total other financial commitments as of the balance sheet date amount to: 64.787 6 | Consolidated Financial Statements The company is included in the consolidated financial statements of F. Tacke GmbH & Co. KG, Carl-Zeiss-Straße 25, 48432 Rheine, Germany. The consolidated financial statements may be obtained by contacting the parent company. The Annual Report of KTR Systems Danmark 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.  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 Group’s and the Company’s activities, including profit from sale of intangible and tangible fixed assets. In addition, profit from sale of intangible and tangible fixed assets as well as business interruption and conflict compensations are included. Compensations are recognised when the income is deemed to be realisable.   Other external expenses Other external expenses include cost of sales, advertising, administration, buildings, bad debts and operating lease expenses, etc.    Payments related to operating lease expenses and other lease agreements are recognised in the Income Statement during the continuance of the contract. The Company’s total liability concerning operating and other lease agreements are stated under contingencies, etc.    Staff costs Staff costs comprise wages and salaries, including holiday pay, pensions, and other costs for social security etc., for the company’s employees. Repayments from public authorities are deducted from staff costs.   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 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.   Financial non-current assets Deposits include rental deposits which are recognised and measured at amortised cost. Deposits are not depreciated.   Impairment of fixed assets The carrying amount of  fi­xed as­sets, which are not mea­su­red at fair va­lue, are valued on an annual basis 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 carrying amount.   The recoverable amount is calculated at the higher of net selling price and capital value. The capital value is determined as the fair value of the expected net cash flows from the use of the asset or group of assets and the expected net cash flows from sale of the asset or group of assets after the end of its useful life.    Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Accruals, assets Accruals recognised as assets include costs incur­red relating to the subsequent financial year.   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 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 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.   Amortised cost for short-term liabilities usually corresponds to the 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.