45350916 2025-01-20 2025-12-31 45350916 2025-01-20 2025-12-31 2 45350916 2025-01-20 2025-12-31 1 45350916 2025-01-20 2025-12-31 2 45350916 2025-01-20 2025-12-31 1 45350916 2025-01-20 2025-12-31 2 45350916 2025-01-20 2025-12-31 3 45350916 2025-01-20 2025-12-31 4 45350916 2025-01-20 2025-12-31 5 45350916 2025-01-20 2025-12-31 1 45350916 2025-12-31 45350916 2025-01-20 d:ContributedCapitalMember 45350916 2025-01-20 d:SharePremiumMember 45350916 2025-01-20 d:RetainedEarningsMember 45350916 2025-01-20 2025-12-31 d:ContributedCapitalMember 45350916 2025-01-20 2025-12-31 d:SharePremiumMember 45350916 2025-01-20 2025-12-31 d:RetainedEarningsMember 45350916 2025-12-31 d:ContributedCapitalMember 45350916 2025-12-31 d:SharePremiumMember 45350916 2025-12-31 d:RetainedEarningsMember 45350916 2025-01-20 d:FixturesFittingsToolsAndEquipmentMember 45350916 2025-01-20 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 45350916 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember iso4217:DKK xbrli:pure false false 35257691 false 2500 Valby 35257691 2025-12-31 Baker Tilly Denmark Regnskabsklasse B false 2025-01-20 2026-05-05 Baker Tilly Denmark Poul Bundgaards Vej 1, 1. Martin Nellemann true Revisionspåtegning CaseWare-FSR false Annual report The supervisory board and executive board have today discussed and approved the annual report of Carelog ApS for the financial year 20 January - 31 December 2025. The annual report is prepared in accordance with the Danish Financial Statements Act. 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 20 January - 31 December 2025. In our opinion, management's review includes a fair review of the matters dealt with in the management's review. Management recommends that the annual report should be approved by the company in general meeting. Elias Løvgren Hasselberg Malthe Kalmar Håkansson Jesper Lindberg Hyrm chairman Thomas Svarre Refdahl Martin Kaas Haislund Elias Løvgren Hasselberg Malthe Kalmar Håkansson To the shareholder of Carelog ApS Opinion We have audited the financial statements of Carelog ApS for the financial year 20 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equi­ty and notes. The financial statements are prepared under the Danish Financial Statements Act.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 20 January - 31 December 2025 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor's responsibilities for the audit of the financial statements” section of our report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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 the 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 objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.Conclude on the appropriateness of management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Statement on management's reviewManagement is responsible for management's review.Our opinion on the financial statements does not cover management's review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read management's review and, in doing so, consider whether management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether management's review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that management's review 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 of management's review. Copenhagen 2026-05-05 Baker Tilly Denmark Peter Aagesen State Authorised Public Accountant mne41287 Carelog ApS Ragnagade  7 2100  København Ø 45350916 Copenhagen 35257691 Poul Bundgaards Vej 1, 1. 2500 Valby Business reviewThe Company’s main activity is the development and sale of technology, as well as other related activities as determined by the Board of Directors. Financial review The company's income statement for the year ended 31 December 2025 shows a loss of DKK 18.641, and the balance sheet at 31 December 2025 shows equity of DKK 2.521.359. Significant events occurring after the end of the financial yearNo events have occurred after the balance sheet date which could significantly affect the company's financial position. 225613 249130 -23517 152 -23669 -5028 -18641 -18641 35180 35180 35180 640313 25000 5028 670341 2075408 2745749 2780929 57143 2464216 2521359 32500 177070 50000 259570 259570 2780929 40000 0 0 17143 2482857 0 -18641 -2482857 2482857 57143 0 2464216 239604 1188 8338 249130 2 -5028 0 35180 35180 35180 Deferred income consists of payments received in respect of income in subsequent financial years. The annual report of Carelog ApS for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act ap­plying to en­ter­pri­ses of re­por­ting class B, as well as provisions applying to reporting class C entities.As 2025 is the company's first reporting period, no comparatives have been presented. Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement.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 from the company and the value of the liability can be measured reliably.On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item.Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount.On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date. In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross profit represents net revenue less other external expenses. Income from services, comprising service contracts and extended warranties relating to products and contracts sold is recognised on a straight-line basis as the services are provided. Other external expenses include selling expenses, administrative costs, premises, etc. Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. Financial income and expenses are recognised in the income statement in the amounts attributable to the financial year. Financial items include interest income and interest expenses, etc. Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, is recognised in the income statement as regards the portion that relates to the profit/loss for the year and directly in equity as regards the portion that relates to entries directly in equity. The depreciable amount is cost less the expected residual value at the end of the useful life.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use. The cost of self-constructed assets comprises direct and indirect costs of materials, components, sub-suppliers and wages.Straight-line depreciation is provided on the basis of the following estimated useful lives of the assets:Useful lifeResidual valueOther fixtures and fittings, tools and equipment 5 years0 % Receivables are measured at amortised cost. Cash holdings comprise deposits with financial institutions. Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Deferred tax is measured at net realisable value.Deferred tax is measured according to the tax rules and at the tax rates applicable in the respective countries at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax adjustments resulting from changes in tax rates are recognised in the income statement, with the exception of items taken directly to equity.Deferred tax assets, including the tax base of tax losses allowed for carry forward, are measured at the value to which the asset is expected to be realised, either as a set-off against tax on future income or as a set-off against deferred tax liabilities within the same legal tax entity. Any deferred net tax assets are measured at net realisable value. Debt obligations, including other payables, are measured at amortised cost, which usually corresponds to nominal value. Deferred income recognised under 'Current liabilities' comprises payments received concerning income in subsequent financial years.