36077581 2025-01-01 2025-12-31 36077581 2025-01-01 2025-12-31 auditor_1 36077581 2025-01-01 2025-12-31 memberOfBoardIdentifier_1 36077581 2025-01-01 2025-12-31 memberOfBoardIdentifier_1 36077581 2025-01-01 2025-12-31 memberOfBoardIdentifier_2 36077581 2025-01-01 2025-12-31 memberOfBoardIdentifier_3 36077581 2024-01-01 2024-12-31 36077581 2025-12-31 36077581 2024-12-31 36077581 2024-12-31 fsa:ContributedCapitalMember 36077581 2024-12-31 fsa:RetainedEarningsMember 36077581 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 36077581 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 36077581 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 36077581 2025-01-01 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember 36077581 2025-12-31 fsa:ContributedCapitalMember 36077581 2025-12-31 fsa:RetainedEarningsMember 36077581 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember iso4217:DKK pure 2024-01-01 2024-12-31 2026-05-29 36077581 2026-05-29 Reporting class B KPMG 2100 København Ø Dampfærgevej 28 25578198 Auditor's report on extended review KPMG 25578198 true Annual report Rasmus Møller Bech The Board of Directors and the Executive Board have today discussed and approved the annual report for SANISERVICE ApS for the financial year 1 January - 31 December 2025. The annual report has been 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 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. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Herlev 2026-05-29 Thomas Bonde Karlsen Ville Valtteri Rantala Chairman Kasper Rosted Bygholm Petri Pellonmaa Independent auditor's extended review report on the financial statements To the shareholders of SANISERVICE ApS Opinion We have performed an extended review of the financial statements of SANISERVICE ApS for the financial year 1 January - 31 December 2025 comprising income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. Based on the work performed, it is our opinion that 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 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 "Auditor's responsibility 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 opinion. Management's responsibility for the financial statementsManagement 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 that 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. Auditor's responsibility for the extended review of the financial statementsOur 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 in order to obtain further assurance for our conclusion.An extended review comprises procedures primarily consisting of making enquiries of Management and others within the entity, as appropriate, applying analytical procedures and the specifically required supplementary procedures, and evaluating 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 these financial statements. Statement on the Management's reviewManagement is responsible for the Management's review.Our conclusion on the financial statements does not cover the Management's review, 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's review and, in doing so, consider whether the Management's review 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's review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review. Copenhagen 2026-05-29 KPMG 25578198 Henrik Y. Jensen State Authorised Public Accountant mne35442 SANISERVICE ApS Lyskær 5 DK-2730 Herlev 36077581 2014-08-27 Herlev 2025-01-01 2025-12-31 KPMG Statsautoriseret Revisionspartnerselskab Dampfærgevej 28 2100 København Ø 25578198 Principal activities The Company’s purpose is to engage in businesses related to staircase cleaning and herewith associated activities. Development in activities and financial position The Company's income statement for 2025 shows a profit of DKK 2,006,021 as against a profit of DKK 3,513,198 in 2024. Equity in the Company's balance sheet at 31 December 2025 stood at DKK 3,371,085 as against DKK 5,865,064 at 31 December 2024. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2025. 20623728 20022813 17901116 15378649 153827 133850 2568785 4510314 5693 6729 41295 11031 2533183 4506012 527162 992814 2006021 3513198 2000000 4500000 6021 -986802 378878 201675 63955 63955 442833 265630 2647052 2455427 4041586 4598559 5195 9072 23524 47500 296484 128796 7013841 7239354 0 1002351 7013841 8241705 7456674 8507335 50000 50000 1321085 1315064 2000000 4500000 3371085 5865064 1187347 34410 0 17455 0 44963 558370 1001576 2334439 1543867 5433 0 4085589 2642271 4085589 2642271 7456674 8507335 50000 1315064 4500000 0 0 -4500000 0 6021 2000000 50000 1321085 2000000 The annual report of SANISERVICE ApS for 2025 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher reporting classes.The accounting policies used in the preparation of the financial statements are consistent with those of last year. Foreign currency translation On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses. Receivables, payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses. 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. Cost of sales Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct costs for goods for resale. Other operating income Other operating income comprises items secondary to the activities of the Company, including gains on the disposal of property, plant and equipment as well as payroll refunds. Other external costs Other external costs comprise costs for distribution and sales costs, costs for advertising, administrative expenses, costs of premises, bad debts, operating leases, etc. Staff costs Staff costs comprise wages and salaries, including holiday allowance, pension and other social security costs. Financial income and expenses Financial income and expenses comprise interest income and expense, gains and losses on securities, payables and transactions denominated in foreign currencies as well as surcharges and refunds under the on-account tax scheme, etc. Tax on profit for the year Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity. The Company is subject to the Danish legislation concerning compulsory joint taxation with the Danish group enterprises. The current Danish corporate tax is allocated among the jointly taxed companies in proportion to their respective taxable income (full allocation with reimbursement of tax losses). Property, plant and equipmentFixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which the asset is available for use. Indirect production overheads and borrowing costs are not recognised in cost.Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful lives are as follows:Fixtures and fittings, tools and equipment3-5 yearsThe useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively. Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively. Leases All leases are accounted for as operating leases. Payments relating to operating leases and other leases are recognised in the income statement over the term of the lease. The Company's total obligation relating to operating leases and other leases is disclosed as contractual obligations and contingencies, etc. Financial assets Deposits are recognised at amortised cost. Impairment of fixed assets The carrying amount of property, plant and equipment is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortisation. Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognised write-downs are reversed when the basis for the write-down no longer exists. ReceivablesReceivables are measured at amortised cost.Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis.Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate.Balances in the Group's cash pool arrangement are not considered cash and cash equivalents due to the nature of the arrangement but are recognised under receivables from group entities. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. The Company is jointly taxed with consolidated Danish companies. The current corporate income tax is distributed between the jointly taxed companies in proportion to their taxable income and with full distribution with reimbursement as to tax losses. The jointly taxed companies are comprised by the Danish tax prepayment scheme. Joint taxation contributions payable and receivable are recognised in the statement of financial position as ”Joint taxation contribution" under assets or "Joint taxation contribution" under liabilities. According to the rules of joint taxation, the Company is unlimitedly, jointly, and severally liable to pay the Danish tax authorities the total income tax, including withholding tax on interest, royalties, and dividends, arising from the jointly taxed group of companies. 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. Adjustments take place in relation to deferred tax concerning elimination of unrealised intercompany gains and losses. Prepayments Prepayments comprise prepayment of costs incurred relating to subsequent financial years. Cash at bank and in hand Cash at bank and in hand comprise cash and bank deposits. EquityDividends The expected dividend payment for the year is disclosed as a separate item under equity. LiabilitiesOther liabilities are measured at amortised cost. 16219726 13804871 1262843 1189961 418547 383817 38 35 558370 1001576 3877 -8762 -35085 0 PHM Group has entered into a cash pool agreement with Nordea, where PHM Group Oy is the account holder and the group’s subsidiaries are sub-account holders. Nordea can settle withdrawals and balances with each other, so that the net amount constitutes an outstanding balance between Nordea and PHM Group Oy. SANISERVICE ApS' accounts in the cash pool arrangement, which are recognized under short-term receivables from group enterprises, show a balance of DKK 3,839 thousand as of December 31, 2025 (as of December 31, 2024: balance of DKK 4,599 thousand). Contingent liabilities, including guarantee commitments With PHM Danmark ApS, company reg. no 42247154 as administration company, the Company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax. The jointly taxed companies total known net liability to the Danish tax authorities emerges from the financial statements of the administration company. The liability also covers any subsequent corrections to the determined tax obligation as a result of changes to the jointly taxed income, etc. Other commitments, including lease obligations The Company leases operating equipment concluded under operating leases. The lease term for operating equipment is typically 3-5 years. None of the lease agreements contain contingent lease payments. DKK31/12 202531/12 2024Within 1 year 206,627 218,247Between 1 and 5 years 267,655 231,123After 5 years 0 0474,282449,370 SANISERVICE ApS is part of the consolidated financial statements of PHM Group Holding Oyj, Takomotie 1-3, 00380 Helsinki, Finland, which is the smallest group, in which the Company is included as a subsidiary. The consolidated financial statements of PHM Group Holding Oyj can be obtained by contacting the Company at the above address.