43703269 2025-01-01 2025-12-31 43703269 2025-01-01 2025-12-31 0 43703269 2025-01-01 2025-12-31 1 43703269 2024-01-01 2024-12-31 43703269 2025-12-31 43703269 2024-12-31 iso4217:DKK Annual report 2026-05-21 Elizabeth Ellen Schultz Glentra ECo 2 ApS Havnegade 23 2 1058 København K 43703269 2025-01-01 2025-12-31 <p xmlns="http://www.w3.org/1999/xhtml">The Executive Board has today considered and approved the annual report of Glentra Eco 2 ApS <br/> for the financial year 01.01.2025 - 31.12.2025.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> The annual report is presented in accordance with the Danish Financial Statements Act.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> In our opinion, the financial statements give a true and fair view of the Entity’s financial position <br/> at 31.12.2025 and of the results of its operations for the financial year 01.01.2025 - 31.12.2025.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> We recommend the annual report for adoption at the Annual General Meeting.</p> Management considers the conditions for opting out of audit to be met. København 2026-05-21 Michael Bruhn Hansen Henrik Tordrup <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Primary activities</strong> <br/> The purpose of the company is to act as a holding company for Glentra Capital P/S and to <br/> conduct business within the fields of investments, along with other fields which are related <br/> hereto.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Description of material changes in activities and finances</strong> <br/> The Entity’s net profit for the year is DKK 458 thousand and equity at 31 December 2025 equals <br/> DKK 975 thousand.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Events after the balance sheet date</strong> <br/> No events have occurred after the balance sheet date to this date, which would influence <br/> theevaluation of this annual report.</p> The annual report has been prepared in accordance with the regulation applying to Reporting class B. Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Recognition and measurement</strong> <br/> Assets are recognised in the balance sheet when it is probable as a result of a prior event that <br/> future economic benefits will flow to the Entity, and the value of the asset can be measured <br/> reliably.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> Liabilities are recognised in the balance sheet when the Entity has a legal or constructive <br/> obligation as a result of a prior event, and it is probable that future economic benefits will flow <br/> out of the Entity, and the value of the liability can be measured reliably.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to <br/> initial recognition is effected as described below for each financial statement item.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> Anticipated risks and losses that arise before the time of presentation of the annual report and <br/> that confirm or invalidate affairs and conditions existing at the balance sheet date are considered <br/> at recognition and measurement.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> Income is recognised in the income statement when earned, whereas costs are recognised by <br/> the amounts attributable to this financial year.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Income statement</strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Other external expenses</strong> <br/> Other external expenses include expenses relating to the Entity’s normal activities, including <br/> expenses for premises, stationery and office supplies, marketing costs, etc. This item also <br/> includes writedowns of receivables recognised in current assets.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Income from investments in participating interests</strong> <br/> Income from investments in participating interests comprises the pro rata share of the individual <br/> participating interests' profit/loss after pro rata elimination of intra-group profits or losses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Other financial income</strong> <br/> Other financial income comprises interest income.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Other financial expenses</strong> <br/> Other financial expenses comprise interest expenses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Tax on profit/loss for the year</strong> <br/> Tax for the year, which consists of current tax for the year and changes in deferred tax, is <br/> recognised in the income statement by the portion attributable to the profit for the year and <br/> recognised directly in equity by the portion attributable to entries directly in equity.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Balance sheet</strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Investments in participating interests</strong> <br/> Investments in participating interests are recognised and measured according to the equity <br/> method. This means that investments are measured at the pro rata share of the participating <br/> interests' equity value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> Upon distribution of profit or loss, net revaluation of investments in participating interests is <br/> transferred to the reserve for net revaluation according to the equity method in equity. <br/> Investments in participating interests are written down to the lower of recoverable amount and <br/> carrying amount.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Cash</strong> <br/> Cash comprises cash in hand and bank deposits.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Other financial liabilities</strong> <br/> Other financial liabilities are measured at amortised cost, which usually corresponds to nominal <br/> value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> <br/> <strong>Tax receivable or payable</strong> <br/> Current tax receivable or payable is recognised in the balance sheet, stated as tax computed on <br/> this year's taxable income, adjusted for prepaid tax.</p> -15425 -10575 -15425 -10575 540711 290337 1066 277 1330 7887 525022 272152 67151 92793 457871 179359 540711 -42163 -82840 221522 457871 179359 921032 380320 921032 380320 921032 380320 0 7208 0 7208 87405 146636 87405 153844 1008437 534164 40000 40000 52500 52500 869032 328321 13753 96593 975285 517414 0 13000 28151 0 5001 3750 33152 16750 33152 16750 1008437 534164 <table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0" style="width: 619.0px;"> <tbody> <tr style="height: 60.0px;"> <td style="height: 60.0px;width: 184.0px;"> <strong>Changes in Equity 2025</strong> </td> <td style="text-align: center;width: 73.0px;"> <strong>Opening Balance</strong> </td> <td style="text-align: center;width: 73.0px;"> <strong>Dividends Paid</strong> </td> <td style="text-align: center;width: 108.0px;"> <strong>Reclassification within EQ</strong> </td> <td style="text-align: center;width: 107.0px;"> <strong>Proposed impact on profit or loss</strong> </td> <td style="text-align: center;width: 74.0px;"> <strong>Total</strong> </td> </tr> <tr style="height: 20.0px;"> <td style="height: 20.0px;"> </td> <td style="text-align: center;"> <strong>01-01-2025</strong> </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> </td> <td style="text-align: center;"> <strong>31-12-2025</strong> </td> </tr> <tr style="height: 20.0px;"> <td style="height: 20.0px;">Contributed Capital</td> <td style="text-align: center;">40.000</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">40.000</td> </tr> <tr style="height: 20.0px;"> <td style="height: 20.0px;">Share Premium</td> <td style="text-align: center;">52.500</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">52.500</td> </tr> <tr style="height: 40.0px;"> <td style="height: 40.0px;width: 184.0px;">Reserve for net revaluation according to equity method</td> <td style="text-align: center;">328.321</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">540.711</td> <td style="text-align: center;">869.032</td> </tr> <tr style="height: 20.0px;"> <td style="height: 20.0px;">Retained earnings</td> <td style="text-align: center;">96.593</td> <td style="text-align: center;">0</td> <td style="text-align: center;">0</td> <td style="text-align: center;">-82.840</td> <td style="text-align: center;">13.753</td> </tr> <tr style="height: 20.0px;"> <td style="height: 20.0px;"> <strong>Total</strong> </td> <td style="text-align: center;"> <strong>517.414</strong> </td> <td style="text-align: center;"> <strong>0</strong> </td> <td style="text-align: center;"> <strong>0</strong> </td> <td style="text-align: center;"> <strong>457.871</strong> </td> <td style="text-align: center;"> <strong>975.285</strong> </td> </tr> </tbody> </table> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2025</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Average number of employees </span> </td> <td class="col2"> </td> <td class="col3"> 0 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> 0 false false false true Erhvervsstyrelsen Regnskab Basis 2024-12-31 2024-01-01 No audit assistance Max Christensen Stationsvej 1 3550 Slangerup