39178249 2025-01-01 2025-12-31 39178249 2025-01-01 2025-12-31 1 39178249 2024-01-01 2024-12-31 39178249 2025-12-31 39178249 2024-12-31 39178249 2025-01-01 d:ContributedCapitalMember 39178249 2024-01-01 d:ContributedCapitalMember 39178249 2025-12-31 d:ContributedCapitalMember 39178249 2024-12-31 d:ContributedCapitalMember 39178249 2025-01-01 d:RetainedEarningsMember 39178249 2024-01-01 d:RetainedEarningsMember 39178249 2025-01-01 2025-12-31 d:RetainedEarningsMember 39178249 2024-01-01 2024-12-31 d:RetainedEarningsMember 39178249 2025-12-31 d:RetainedEarningsMember 39178249 2024-12-31 d:RetainedEarningsMember 39178249 2025-01-01 d:ProposedDividendRecognisedInEquityMember 39178249 2024-01-01 d:ProposedDividendRecognisedInEquityMember 39178249 2025-01-01 2025-12-31 d:ProposedDividendRecognisedInEquityMember 39178249 2024-01-01 2024-12-31 d:ProposedDividendRecognisedInEquityMember 39178249 2025-12-31 d:ProposedDividendRecognisedInEquityMember 39178249 2024-12-31 d:ProposedDividendRecognisedInEquityMember 39178249 2025-01-01 2025-12-31 1 39178249 2025-01-01 2025-12-31 2 iso4217:DKK xbrli:pure Årsrapport 32285201 Martinsen, Statsautoriseret Revisionspartnerselskab Jupitervej, 2 6000, Kolding 2024-01-01 2024-12-31 2025-01-01 2025-12-31 39178249 Visicover ApS Engløkke 25 6091 Bjert Bjert Martinsen, Statsautoriseret Revisionspartnerselskab 32285201 Andy Philipp Gøttig statsautoriseret revisor mne36186 Jupitervej 2 6000 Kolding Danmark 76 30 18 00 2026-03-23 Jan Houlberg Regnskabsklasse B Andre erklæringer uden sikkerhed Ja CaseWare fra Revisorgruppen Danmark kapitalejerne Kolding 2026-03-23 Bjert 2026-03-23 512910 463021 512910 463021 0 798 350081 270942 162829 192877 36146 42900 126683 149977 126000 150000 683 -23 161045 147413 161045 147413 37436 83139 198481 230552 198481 230552 0 50000 50000 835 152 126000 150000 176835 200152 11500 11500 10146 18900 21646 30400 21646 30400 198481 230552 0 0 50000 50000 50000 50000 152 175 683 -23 835 152 150000 148000 150000 148000 126000 150000 126000 150000 Today, the Executive Board has approved the annual report of Visicover ApS for the financial year 1 January - 31 December 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025. The Executive Board consider the conditions for audit exemption of the 2025 financial statements to be met. We recommend that the annual report be approved at the Annual General Meeting. Jan Houlberg Robert Berkeley Bevan We have compiled the financial statements of Visicover ApS for the financial year 1 January - 31 December 2025 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. 1.The significant activities of the enterprise Like previous years, the principal activities is to conduct insurence brokerage and other related activites. The annual report for Visicover ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises.   The accounting policies are unchanged from last year, and the annual report is presented in DKK. Gross profitGross profit comprises the revenue, changes in inventories of finished goods, and work in progress, own work capitalised, other operating income, and external costs. The enterprise will be applying IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Other external costs comprise costs incurred for sales, advertising and administration. Financial income and expensesFinancial income and expenses comprise interest. Financial income and expenses are recognised in the income statement with the amounts concerning the financial year. Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. Cash on hand and demand depositsCash on  demand deposits comprise cash at bank. Equity DividendDividend expected to be distributed for the year is recognised as a separate item under equity. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisionsLiabilities other than provisions relating to investment properties are measured at amortised cost.