43524291 2025-01-01 2025-12-31 43524291 2025-01-01 2025-12-31 2 43524291 2025-01-01 2025-12-31 1 43524291 2025-01-01 2025-12-31 1 43524291 2024-01-01 2024-12-31 43524291 2025-12-31 43524291 2024-12-31 43524291 2025-01-01 d:ContributedCapitalMember 43524291 2025-01-01 d:RetainedEarningsMember 43524291 2025-01-01 2025-12-31 d:RetainedEarningsMember 43524291 2025-12-31 d:ContributedCapitalMember 43524291 2025-12-31 d:RetainedEarningsMember 43524291 2024-01-01 d:ContributedCapitalMember 43524291 2024-01-01 d:RetainedEarningsMember 43524291 2024-01-01 2024-12-31 d:RetainedEarningsMember 43524291 2024-12-31 d:ContributedCapitalMember 43524291 2024-12-31 d:RetainedEarningsMember 43524291 2025-01-01 d:ParticipatingInterestsMember 43524291 2024-01-01 d:ParticipatingInterestsMember 43524291 2025-01-01 2025-12-31 d:ParticipatingInterestsMember 43524291 2024-01-01 2024-12-31 d:ParticipatingInterestsMember 43524291 2025-12-31 d:ParticipatingInterestsMember 43524291 2024-12-31 d:ParticipatingInterestsMember iso4217:DKK xbrli:pure 41943661 Lokal Revision false 2026-05-27 2025-12-31 Andre erklæringer uden sikkerhed 41943661 1799 København V Lokal Revision - statsautoriseret revisionsanpartsselskab Bag Elefanterne 1 2025-01-01 Regnskabsklasse B 2024-01-01 2024-12-31 Henning Kempf true CaseWare-FSR Annual report The executive board has today discussed and approved the annual report of Kempf ApS for the financial year 1 January - 31 December 2025. The annual report is prepared in accordance with the Danish Financial Statements Act. In my 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 my opinion, management's review includes a fair review of the matters dealt with in the management's review. The financial statements have not been audited. Management considers the criteria for not auditing the financial statements to be met. Management recommends that the annual report should be approved by the company in general meeting. Henning Kempf Director To the shareholder of Kempf ApS We have compiled the financial statements of Kempf ApS for the financial year 1 January - 31 December 2025 based on the company's bookkeeping records and other information made available by enterprise.The financial statements comprises a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes.We performed the engagement in accordance with ISRS 4410, Compilation Engagements.We have applied our professional expertise to assist the enterprise in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We complied with the relevant provisions of the Danish Act on Approved Auditors and with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code), including principles relating to integrity, objectivity, professional competence and due care.The financial statements and the accuracy and completeness of the information used to compile the financial statements are the enterprise´s responsibility.As a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information provided by enterprise for our compilation of the financial statements. Accordingly, we do not express an audit or a review conclusion on whether the financial statements have been prepared in accordance with the Danish Financial Statements Act. Copenhagen 2026-05-27 Lokal Revision Mikkel Thomsen Statsautoriseret Revisor mne34535 Kempf ApS Sandbjergvej  18A 3660  Stenløse 43524291 Egedal 41943661 Bag Elefanterne 1 1799 København V Business reviewThe principal activities comprise ownership in other companies as well as other investments at the discretion of the management. Financial review The company's income statement for the year ended 31 December 2025 shows a loss of DKK 8.134, and the balance sheet at 31 December 2025 shows equity of DKK 11.140. Significant events occurring after the end of the financial yearNo events have occurred after the balance sheet date which could significantly affect the company's financial position. The annual report of Kempf ApS for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to reporting class B entities, as well as provisions applying to reporting class C entities.Furthermore, the company has decided to implement the recommendations made in the Danish accounting standards pertaining to reporting class B and C entities.The accounting policies applied are consistent with those of last year.The annual report for 2025 is pre­sen­ted in DKK Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits 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 from the company and the value of the liability can be measured reliably.On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item.Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount.On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date. In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross loss is a summary of net sales less other external costs. Other external expenses include administrative costs etc. Dividends from equity investments are recognized as income in the financial year in which the dividend is declared. Financial income and expenses are recognized in the income statement with the amounts relating to the financial year. Financial items include interest income and expenses as well as additions and compensation under the advance tax scheme, etc. Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, is recognised in the income statement as regards the portion that relates to the profit/loss for the year and directly in equity as regards the portion that relates to entries directly in equity. Cash and cash equivalents comprise deposits at banks. Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Deferred tax is measured at net realisable value. Liabilities, which include trade payables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value. -6869 10631 0 4000 1265 1607 -8134 13024 -8134 13024 39248 39248 39248 39248 39248 39248 438 8806 438 8806 39686 48054 40000 40000 -28860 -20726 11140 19274 5000 7500 23546 21280 28546 28780 28546 28780 39686 48054 40000 -20726 -8134 40000 -28860 40000 -33750 13024 40000 -20726 1 1 39248 4000 0 35248 39248 39248 0 -4000 0 4000 0 0 39248 39248