25988981 2025-01-01 2025-12-31 25988981 2025-01-01 2025-12-31 1 25988981 2025-01-01 2025-12-31 2 25988981 2025-01-01 2025-12-31 1 25988981 2024-01-01 2024-12-31 25988981 2025-12-31 25988981 2024-12-31 25988981 2025-01-01 c:ContributedCapitalMember 25988981 2025-01-01 c:ReserveForDevelopmentExpenditureMember 25988981 2025-01-01 c:RetainedEarningsMember 25988981 2025-01-01 c:ProposedDividendRecognisedInEquityMember 25988981 2025-01-01 2025-12-31 c:ProposedDividendRecognisedInEquityMember 25988981 2025-01-01 2025-12-31 c:RetainedEarningsMember 25988981 2025-01-01 2025-12-31 c:ReserveForDevelopmentExpenditureMember 25988981 2025-12-31 c:ContributedCapitalMember 25988981 2025-12-31 c:ReserveForDevelopmentExpenditureMember 25988981 2025-12-31 c:RetainedEarningsMember 25988981 2025-12-31 c:ProposedDividendRecognisedInEquityMember 25988981 2025-01-01 c:CompletedDevelopmentProjectsMember 25988981 2025-01-01 2025-12-31 c:CompletedDevelopmentProjectsMember 25988981 2025-12-31 c:CompletedDevelopmentProjectsMember 25988981 2025-01-01 c:FixturesFittingsToolsAndEquipmentMember 25988981 2025-01-01 2025-12-31 c:FixturesFittingsToolsAndEquipmentMember 25988981 2025-12-31 c:FixturesFittingsToolsAndEquipmentMember 25988981 2025-01-01 c:InvestmentsInGroupEnterprisesMember 25988981 2025-01-01 c:DepositsLongtermInvestmentsAndReceivablesMember 25988981 2025-01-01 2025-12-31 c:InvestmentsInGroupEnterprisesMember 25988981 2025-01-01 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember 25988981 2025-12-31 c:InvestmentsInGroupEnterprisesMember 25988981 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure true BDO Statsautoriseret Revisionspartnerselskab Havneholmen 2, 6. sal DK-2450 Copenhagen SV 45719375 2026-05-18 Lasse Rydberg Årsrapport Front Desk ApS Mileparken 22 2740 Skovlunde Den uafhængige revisors erklæring om udvidet gennemgang 25988981 2001-04-03 Ballerup 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Havneholmen 2, 6. sal 2450 Copenhagen SV Today the Executive Board have discussed and approved the Annual Report of Front Desk 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. Copenhagen 2026-05-18 Nicolas Jøns Larsen Lasse Rydberg Nielsen To the Shareholder of Front Desk ApS Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of Front Desk 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.   Copenhagen 2026-05-18 BDO Statsautoriseret Revisionspartnerselskab 45719375 Dan Bøøk Malmstrøm Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne21330 Principal activities The company’s principal activity is the development and sale of queue management and appointment systems. The solutions are specifically designed to handle complex case processing and workflows within the public sector.   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. 15528120 13149361 9704881 7684624 3106035 2786898 2717204 2677839 38 14788 371210 491182 2346032 2201445 462895 496577 1883137 1704868 1747040 0 136097 1704868 1883137 1704868 8647282 8607100 8647282 8607100 702826 491183 702826 491183 477058 477058 266722 113338 743780 590396 10093888 9688679 1046383 1705871 1046383 1705871 4644663 4140178 5333551 4243214 12527 2450 218470 319296 10209211 8705138 599719 87372 11855313 10498381 21949201 20187060 125000 125000 6744880 6713538 0 -104755 1747040 0 8616920 6733783 1522321 1059426 1522321 1059426 263432 254033 0 3265504 1515511 1007478 8483025 6796195 11546528 12139818 11809960 12393851 21949201 20187060 DKKSha­re ca­pi­talReserve for development costsRetained profitProposed dividendTotal Equity at 1 January 2025125.0006.713.538-104.75506.733.783 -1.747.040 Proposed profit allocation 136.0971.747.0401.883.137 Other legal bindingsCapitalized development costs 2.923.104-2.923.104 0 TransfersDepreciations -2.882.9222.882.922 0 Tax on changes in equity -8.8408.840 0 Equity at 31 December 2025125.0006.744.88001.747.0408.616.920 125000 6713538 -104755 0 -1747040 136097 2923104 -2923104 -2882922 2882922 -8840 8840 125000 6744880 0 1747040 1 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees1210 Wages and salaries 9.487.9237.491.410 Social security costs 89.05471.374 Other staff costs 127.904121.840 9.704.8817.684.624 12 10 9487923 7491410 89054 71374 127904 121840 9704881 7684624 2 | Other financial income Group enterprises 01.426 Other interest income 3813.362 3814.788 0 1426 38 13362 38 14788 3 | Other financial expenses Other interest expenses 371.210491.182 371.210491.182 371210 491182 371210 491182 462895 496577 5 | Intangible assets DKKDevelopment projects completed Cost at 1 January 2025 16.020.923Additions 2.923.104Cost at 31 December 2025 18.944.027  Amortisation at 1 January 2025 7.413.823Amortisation for the year 2.882.922Amortisation at 31 December 2025 10.296.745 Carrying amount at 31 December 20258.647.282 The capitalised development cost relate to expenses incurred in connection with the development of an intelligent queue and appointment management system for public institutions in Denmark and internationally. The useful life has been assessed at 5 years and is determined based on specific assessment of the developed software. 16020923 2923104 18944027 7413823 2882922 10296745 8647282 6 | Property, plant and equipment DKKOther plants, machinery, tools and equipment Cost at 1 January 2025 1.412.462Additions 434.757Cost at 31 December 2025 1.847.219  Depreciation and impairment losses at 1 January 2025 921.280Depreciation for the year 223.113Depreciation and impairment losses at 31 December 2025 1.144.393 Carrying amount at 31 December 2025702.826 1412462 434757 1847219 921280 223113 1144393 702826 7 | Financial non-current assets DKKFixed asset investmentsRent deposit and other receivables Cost at 1 January 2025 477.058113.338 Additions 0256.387 Disposals 0-103.003 Cost at 31 December 2025 477.058266.722   Carrying amount at 31 December 2025477.058266.722 477058 113338 0 256387 0 103003 477058 266722 477058 266722 8 | Long-term liabilities 31/12 2025RepaymentDebt outstanding31/12 2024DKKtotal liabilitiesnext yearafter 5 yearstotal liabilities Other non-current liabilities 263.4320728.432254.033 263.4320728.432254.033 728432 Contingent liabilities The Company has provided an unlimited guarantee as joint and several surity for the obligations of the third party company Høje Nord Holding ApS to its financial institution.   The company has entered into a lease agreement with a remaining term of up to 44 months.  The total contingent liabilities as of the balance sheet date amount to: 199.109 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 Front Desk Holding ApS, which serves as management Company for the joint taxation. 199109 10 | Charges and securities In connection with the establishment of a credit facility, the company has provided a floating charge with a nominal value of DKK 7,000 thousand. At the balance sheet date, the credit balance amounts to DKK 535 thousand. The floating charge comprises the following assets, the carrying amount of which at the balance sheet date amounts to: DKK Development projects completed8.647.282 Other plants, machinery, tools and equipment702.826 Inventories1.046.383 Trade receivables4.644.663 The Annual Report of Front Desk 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 sale of services 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, duties and less discounts related to the sale.   Sale of services is generally recognised on the basis of a measurable degree of completion, using straight-line recognition of services delivered over time in a regular pattern. Where the degree of completion is not measurable or the sales value or the total costs of completion are uncertain, revenue is recognised by the amount that the enterprise as a maximum believes to have a right to claim and is expected to be received for services delivered at the Balance Sheet date.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Costs of sales Cost of sales comprises the costs of consumables and services 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 consumables.   Other operating income Other operating income includes items of a secondary nature in relation to the enterprises' principal activities, including salary refunds. Compensations are recognised when the income is estimated to be realisable.    Other external expenses Other external expenses include cost of sales, advertising, administration, buildings, bad debts, operational lease expenses, etc.    Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions and other costs for social security etc. for the company’s employees. Repayments from public authorities are deducted from staff costs.   Income from investments in subsidiaries Dividend from subsidiary is recognised in the financial year when the dividend is declared.   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.   Intangible fixed assets Acquired goodwill is measured at cost less accumulated amortisation. Goodwill is amortised on a straight-line basis over the expected useful life which is estimated to 5 years. The period of amortisation is determined based on an assessment of the acquired company’s position in the market and earnings profile, and the industry-specific conditions.   Development costs comprise costs, including wages and salaries, and amortisation, which directly or indirectly can be related to the com­pany’s development activities and which fulfil the criteria for recognition.   Capitalised development costs are measured at the lower of cost less accumulated amortisation or recoverable amount.   Capitalised development costs are amortised on a straight-line basis over the estimated useful life after completion of the development work. The amortisation period is normally 5 years.   Profit or loss from sale of intangible fixed assets is calculated at the difference between the sales price and the carrying amount at the time of the sale. Profit and loss are recognised in the Income Statement under other operating income or other operating expenses.    Other plant, machinery and equipment Other plant, machinery and equipment are measured at cost less accumulated depreciation and impairment losses.   The depreciation base is cost less estimated residual value after end of useful life.   The cost includes the acquisition price and costs incurred directly in connection with the acqui­sition until the time when the asset is ready to be used. As regards self-manufactured assets, the cost price includes cost of materials, components, subcontractors, direct payroll and indirect production costs.   Straight-line depreciation is provided on the basis of an assessment of the expected useful lives of the assets and their residual value:   Useful lifeOther plant, machinery and equipment 3-8 år0 - 30 % Profit or loss on sale of property, plant and equipment is stated as the difference between the sales price less selling costs and the carrying amount at the date of sale. Profit or loss is recognised in the Income Statement as other operating income or other operating expenses.   Financial non-current assets Equity investments in sub­si­dia­ri­es are measured at cost. If the cost exceeds the net realisable value, this is written down to the lower value.   Deposits include rental deposits which are recognised and measured at amortised cost. Deposits are not depreciated.   Impairment of fixed assets The carrying amount of in­tan­gib­le fi­xed and pro­per­ty, plant and equip­ment to­get­her with 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 net realisable value is lower than the carrying amount, the assets are written down to the lower value.   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.    Inventories Inventories are measured at cost using the FIFO-principle. If the net realisable value is lower than cost, the inventories are written down to the lower value.   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 sales price less completion costs and costs incurred to execute the sale and is determined with due regard to marketability, obsolescence and development in expected sales price.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is reduced by impairment losses 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.   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 on account tax 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 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 Amortised cost of current liabilities usually corresponds to nominal value.   Accruals, liabilities Accruals recognised as liabilities include payments received regarding income in subsequent years.