43080032 2024-12-31 43080032 2023-12-31 43080032 2024-01-01 fsa:ContributedCapitalMember 43080032 2024-01-01 fsa:RetainedEarningsMember 43080032 2024-12-31 fsa:ContributedCapitalMember 43080032 2024-12-31 fsa:RetainedEarningsMember 43080032 2024-01-01 fsa:LandAndBuildingsMember 43080032 2024-01-01 fsa:FixturesFittingsToolsAndEquipmentMember 43080032 2024-01-01 fsa:PropertyPlantAndEquipmentInProgressMember 43080032 2024-12-31 fsa:LandAndBuildingsMember 43080032 2024-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 43080032 2024-12-31 fsa:PropertyPlantAndEquipmentInProgressMember 43080032 2024-01-01 fsa:InvestmentsInGroupEnterprisesMember 43080032 2023-01-01 fsa:InvestmentsInGroupEnterprisesMember 43080032 2024-12-31 fsa:InvestmentsInGroupEnterprisesMember 43080032 2023-12-31 fsa:InvestmentsInGroupEnterprisesMember 43080032 2024-12-31 1 fsa:SubsidiaryMember 43080032 2024-12-31 fsa:LongtermMortgageLoansMember 43080032 2023-12-31 fsa:LongtermMortgageLoansMember 43080032 2024-12-31 fsa:DepositsLongtermLiabilitiesOtherThanProvisionsMember 43080032 2023-12-31 fsa:DepositsLongtermLiabilitiesOtherThanProvisionsMember 43080032 2024-01-01 2024-12-31 43080032 2024-01-01 2024-12-31 1 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_executive_board_1 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_board_of_director_1 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_board_of_director_2 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_board_of_director_3 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_board_of_director_4 43080032 2024-01-01 2024-12-31 memberOfBoardIdentifier_board_of_director_5 43080032 2023-01-01 2023-12-31 43080032 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 43080032 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 43080032 2024-01-01 2024-12-31 fsa:LandAndBuildingsMember 43080032 2024-01-01 2024-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 43080032 2024-01-01 2024-12-31 fsa:PropertyPlantAndEquipmentInProgressMember 43080032 2024-01-01 2024-12-31 fsa:InvestmentsInGroupEnterprisesMember 43080032 2023-01-01 2023-12-31 fsa:InvestmentsInGroupEnterprisesMember 43080032 2024-01-01 2024-12-31 1 fsa:SubsidiaryMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-01-01 2023-01-01 2024-12-31 2023-12-31 43080032 Multicheck Ejendomme ApS Rosenkrantzvej 18 8700 Horsens 2022-02-14 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Herredsvej 32 7100 Vejle Denmark 79 21 27 00 Underskriv. revisors e-mail anvendes 2025-04-25 Lars Kramer Antitsch Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board and Board of Directors have today considered and adopted the Annual Report of Multicheck Ejendomme ApS for the financial year 1 January - 31 December 2024. 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 financial position at 31 December 2024 of the Company and of the results of the Company operations for 2024. We recommend that the Annual Report be adopted at the Annual General Meeting. 2025-04-25 Horsens Lars Kramer Antitsch Manager Theo August Düppre Chairman Per Bødtkjer Lars Kramer Antitsch Dina Jensen Werner Schmitz To the shareholders of Multicheck Ejendomme ApS Opinion We have performed an extended review of the Financial Statements of Multicheck Ejendomme ApS for the financial year 1 January - 31 December 2024, 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 in accordance with the Danish Financial Statements Act. Based on the work performed, in our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2024 and of the results of the Company´s operations for the financial year 1 January - 31 December 2024 in accordance with the Danish Financial Statements Act. Basis for Opinion 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 ”Practitioner´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 (IESBA Code) and the additional ethical requirements applicable 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. 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 to obtain limited assurance in respect of our conclusion on the Financial Statements and, moreover, that we perform supplementary procedures specifically required to obtain additional assurance in respect of our conclusion. An extended review consists of making inquiries, primarily of Management and others within the enterprise, as appropriate, and applying analytical procedures and the supplementary procedures specifically required as well as assessing the evidence obtained. An extended review is less in scope than an audit and, consequently, we do not express an audit opinion on the Financial Statements. Trekantområdet 2025-04-25 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Jan Bunk Harbo Larsen State Authorised Public Accountant mne30224 5559936 614220 825704 382456 4734232 231764 122717 2448 1995606 1112793 2861343 -878581 614221 -190953 2247122 -687628 2247122 -687628 37025013 9822450 152629 0 287990 35033544 37465632 44855994 40000 0 40000 0 37505632 44855994 958313 0 203704 0 0 1628837 0 203704 396 14222 1162413 1846763 3697462 104418 4859875 1951181 42365507 46807175 100000 100000 9487058 7239936 9587058 7339936 98591 687990 98591 687990 16453128 5654519 1750002 855300 18203130 6509819 672160 289945 0 15907815 300148 2253357 11907183 13818313 1203620 0 393617 0 14476728 32269430 32679858 38779249 42365507 46807175 100000 7239936 0 2247122 100000 9487058 The principal activity of the company comprises the rental of commercial property and related business. Gain on sale of fixed assets 3665055 0 Total 3665055 0 904104 652270 1091502 460523 1995606 1112793 1203620 -203704 -589399 12751 614221 -190953 10971280 0 35033544 2675907 184855 287990 10971280 0 128465 34905079 0 -34905079 37580986 184855 287990 1148830 0 0 555973 32226 0 237505 0 0 1386335 0 0 555973 32226 0 37025013 152629 287990 0 0 40000 0 40000 0 40000 0 Mawi 1 ApS Rosenkrantzvej 18, 8700 Horsens, Denmark 100 Investments in subsidiaries are specified as follows: 13558771 4449140 2894357 1205379 16453128 5654519 672160 289945 0 270300 1750002 585000 1750002 855300 0 0 Payments due within 1 year are recognised in short-term debt. Other debt is recognised in long-term debt. The debt falls due for payment as specified below: Mortgage loans Deposits 0 0 Charges and security The following assets have been placed as security with mortgage credit institutes: Land and buildings with a carrying amount of 35033544 9822450 Other contingent liabilities The group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Macchiato ApS, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. The Annual Report of Multicheck Ejendomme ApS for 2024 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2024 are presented in DKK. true With reference to section 110 of the Danish Financial Statements Act, no consolidated financial statements are prepared. 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset 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 out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Income from the rental is recognised as revenue as the services are rendered. Accordingly, revenue corresponds to the market value of the services rendered during the year (percentage-of-completion method). Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on of third parties. All discounts and rebates granted are recognised in revenue. Other external expenses comprise expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of rental income, other operating income and other external expenses. Amortisation, depreciation and impairment losses comprise depreciation and impairment of property, plant and equipment. Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company, including gains and losses on the sale of property, plant and equipment. The item “Income from investments in subsidiaries” in the income statement includes the proportionate share of the profit for the year. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and deferred tax for the year. The tax attributable to the profit for year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Any changes in deferred tax due to changes to tax rates are recognised in the income statement. The Company is jointly taxed with other group entities. The tax effect of the joint taxation with the subsidiaries is allocated to Danish enterprises showing profits or losses in proportion to their taxable incomes (full allocation with credit for tax losses). Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. In the case of assets of own construction, cost comprises direct and indirect expenses for labour, materials, components and sub-suppliers. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Other fixtures and fittings, tools and equipment 5 years Buildings 40 years Depreciation period and residual value are reassessed annually. Land are not depreciated. The carrying amounts of property, plant and equipment and investments are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by depreciation. If so, the asset is written down to its lower recoverable amount. Investments in subsidiaries are recognised and measured under the equity method. The item “Investments in subsidiaries” in the balance sheet include the proportionate ownership share of the net asset value of the enterprises calculated on the basis of the fair values of identifiable net assets at the time of acquisition with deduction or addition of unrealised intercompany profits or losses and with addition of the remaining value of any increases in value and goodwill calculated at the time of acquisition of the enterprises. The total net revaluation of investments in subsidiaries is transferred upon distribution of profit to “Reserve for net revaluation under the equity method“ under equity. The reserve is reduced by dividend distributed to the Parent Company and adjusted for other equity movements in the subsidiaries. Subsidiaries with a negative net asset value are recognised at DKK 0. Any legal or constructive obligation of the Parent Company to cover the negative balance of the enterprise is recognised in provisions. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in 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 will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Loans, such as mortgage loans and loans from credit institutions, are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period. Mortgage loans are measured at amortised cost, which for cash loans corresponds to the remaining loan. Amortised cost of debenture loans corresponds to the remaining loan calculated as the underlying cash value of the loan at the date of raising the loan adjusted for depreciation of the price adjustment of the loan made over the term of the loan at the date of raising the loan. Other debts are measured at amortised cost, substantially corresponding to nominal value.