41600101 2025-01-01 2025-12-31 41600101 2025-01-01 2025-12-31 1 41600101 2025-01-01 2025-12-31 2 41600101 2025-01-01 2025-12-31 3 41600101 2025-01-01 2025-12-31 4 41600101 2025-01-01 2025-12-31 1 41600101 2024-01-01 2024-12-31 41600101 2025-12-31 41600101 2024-12-31 41600101 2024-12-31 fsa:ContributedCapitalMember 41600101 2024-12-31 fsa:RetainedEarningsMember 41600101 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 41600101 2025-12-31 fsa:ContributedCapitalMember 41600101 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Annual report 2026-06-25 Morten Bachke Knudsen The Executive Board has today considered and approved the annual report of Globe Manco ApS for the financial year 01.01.2025 - 31.12.2025. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025and of the results of its operations for the financial year 01.01.2025 - 31.12.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend the annual report for adoption at the Annual General Meeting. Ballerup 2026-06-25 Peter Ryttergaard Vilhelm Eigil Hahn-Petersen Rasmus Philip Buhl Lokvig Jens Jørgen Hahn-Petersen To the shareholders of Globe Manco ApS We have audited the financial statements of Globe Manco ApS for the financial year01.01.2025 - 31.12.2025, which comprise the 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.​​ ​​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at31.12.2025and of the results of its operations for the financial year 01.01.2025 - 31.12.2025 in accordance with the Danish Financial Statements Act. We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further ​described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the Entity 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We refer to the accounting policies in which it is evident that the going concern assumption is not assessed to met. The accounting policies applied for these financial statements are consistent with those applied last year, however, recognition and measurement, classification and preparation of accounting items, etc. are carried out in ​consideration of the Company’s assets and liabilities are realised. ​ ​Our opinion has not been modified in respect to this matter. 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 Entity’s ability to continue ​as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going ​concern basis of accounting in preparing the financial statements unless Management either intends to liquidate ​the Entity or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are ​free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes ​our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted ​in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material ​misstatement when it exists. ​Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.​​As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, ​we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to ​fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence ​that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a ​material misstatement resulting from fraud is higher than for one resulting from error, as fraud may ​involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.​Obtain an understanding of internal control relevant to the audit in order to design audit procedures ​that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the ​effectiveness of the Entity’s internal control.​Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates ​and related disclosures made by Management. ​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, and whether the financial statements represent the underlying transactions and ​events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope ​and timing of the audit and significant audit findings, including any significant deficiencies in internal control ​that we identify during our audit. Management is responsible for the management commentary. ​​Our opinion on the financial statements does not cover the management commentary, and we do not express ​any form of assurance conclusion thereon. ​​In connection with our audit of the financial statements, our responsibility is to read the management ​commentary and, in doing so, consider whether the management commentary is materially inconsistent with ​the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. ​​Moreover, it is our responsibility to consider whether the management commentary provides the information ​required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that the management commentary is in accordance with ​the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.​​ København 2026-06-25 Deloitte Statsautoriseret Revisionspartnerselskab 33963556 Brian Schmit Jensen State Authorised Public Accountant mne40050 Primary activitiesThe main activity consists of ownership of shares in unlisted investments. Development in activities and financesThe loss for the year amounts to DKK 5,027 thousand due to impairment of other investments. Management considers the result to be unsatisfactory. Unusual circumstances affecting recognition and measurementAs stated in note 1, the financial statments have not been prepared on a going concern basis. During the subsequent period following the balance sheet date, the Entity has undertaken a disposal of all significant business activities. Management has assessed that the proceeds from the disposal will be insufficient to enable the Entity to meet its financial obligations as they fall due.​​The financial statements have therefore been prepared on a non-going concern basis, with assets and liabilities valued on the basis of thier estimated realizable values in a bankruptcy scenario, rather than on the assumption of the continued operations. Events after the balance sheet dateThe Entity has completed a disposal of shares in all its investments in June 2026. Please refer to note 1 for description of the going concern implications of this matter. ​​No events other have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. -44000 -29000 4967000 13264000 16000 551000 -5027000 -13844000 -5027000 -13844000 -5027000 -13844000 0 12401000 0 12401000 0 12401000 1000 2000 1000 2000 1000 12403000 453000 453000 -1105000 3922000 -652000 4375000 0 25000 230000 7655000 423000 348000 653000 8028000 653000 8028000 1000 12403000 453000 3922000 4375000 -5027000 -5027000 453000 -1105000 -652000 1 Judgements regarding going concernThe financial statments have not been prepared on a going concern basis. During the subsequent period following the balance sheet date, the Entity has disposed of all significant business activities in June 2026. Management has assessed that the proceeds from this disposal will be insufficient to enable the Entity to meet its financial obligations as they fall due. ​ ​The financial statements have therefore been prepared on a non-going concern basis, with assets and liabilities valued on the basis of their estimated realizable value in a bankruptcy scenario, rather than on the assumption of ​continued operations. ​ ​As of 31 December 2025, more than 50% of the Entity's share capital was lost, and the Entity is therefore subject to the requirements of the Danish Companies Act (Selskabsloven) concerning loss of share capital. Management does not anticipate the restoration of the share capital. 2 Events after the balance sheet dateThe Entity has completed a disposal of shares in all its investments in June 2026. Please refer to note 1 for description of the going concern implications of this matter. ​ ​No events other have occurred after the balance sheet date to this date, which would influence the evaluation of ​ this annual report. 3 Other financial expenses2025​DKK'0002024​DKK'000Financial expenses from group enterprises15550Other financial expenses1116551 4 Financial assetsOther investments​DKK'000Cost beginning of year25,665Disposals(7,434)Cost end of year18,231Impairment losses beginning of year(13,264)Impairment losses for the year(4,967)Impairment losses end of year(18,231)Carrying amount end of year0 5 Treasury sharesNumberNominal ​value​DKK'000Share of contributed capital​%​A-Shares968,4179,6842.14B1-Shares2,834,71228,3476.25Holding of treasury shares3,803,12938,0318.39 6 EmployeesThe Entity has no employees other than the Executive Board. The Executive Officer has not received any ​​​remuneration.20252024Average number of full-time employees00 0 0 7 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where "CC Globe Invest ApS" serves as the ​​​administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity ​​is​therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the ​​withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total ​​known net liability under the joint taxation arrangement is disclosed in the administration company's financial ​​statements. This annual report has been presented in accordance with the provisions of the Danish Financial Statements ​Act governing reporting class B enterprises with addition of a few provisions for reporting class C. Going concernManagement has assessed that the going concern assumption is not met, cf. the description in note 1 Judgements regarding going concern. The annual report has been prepared using accounting policies consistent with those applied last year, but recognition, measurement, classification, and presentation of financial statement​items, etc., have been made taking into account that the entity's assets and liabilities will be realised. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic ​benefits will flow to the Entity, and the value of the asset can be measured reliably. ​​Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a ​result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the ​value of the liability can be measured reliably. ​​On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial ​recognition is effected as described below for each financial statement item. ​​Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm ​or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and ​measurement. ​​Income is recognised in the income statement when earned, whereas costs are recognised by the amounts ​attributable to this financial year. Gross profit or lossGross profit or loss comprises external expenses. Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities. This item also includes ​writedowns of receivables recognised in current assets. Impairment losses on financial assetsImpairment losses on financial assets comprise impairment losses on financial assets which are not measured ​at fair value on a current basis. Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​​enterprises, and tax surcharge under the Danish Tax Prepayment Scheme etc. Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value. CashCash comprises bank deposits. Treasury sharesAcquisition and selling prices and dividends for treasury shares are classified directly as equity in retained ​earnings. Gains and losses on sale are not recognised in the income statement. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Ikke væsentlig usikkerhed vedr. fortsat drift Grundlag for konklusion Konklusion true 2024-01-01 2024-12-31 København S 2300 6 Weidekampsgade Ballerup Ballerup 2750 Regnskabsklasse B Revisionspåtegning 2025-12-31 2025-01-01 66 Metalbuen Globe Manco ApS 41600101 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab