25057708 2025-01-01 2025-12-31 25057708 2025-01-01 2025-12-31 1 25057708 2025-01-01 2025-12-31 1 25057708 2025-01-01 2025-12-31 2 25057708 2025-01-01 2025-12-31 3 25057708 2025-01-01 2025-12-31 1 25057708 2024-01-01 2024-12-31 25057708 2025-12-31 25057708 2024-12-31 25057708 2025-01-01 c:ContributedCapitalMember 25057708 2025-01-01 c:RetainedEarningsMember 25057708 2025-01-01 c:ProposedDividendRecognisedInEquityMember 25057708 2025-01-01 2025-12-31 c:ProposedDividendRecognisedInEquityMember 25057708 2025-01-01 2025-12-31 c:RetainedEarningsMember 25057708 2025-12-31 c:ContributedCapitalMember 25057708 2025-12-31 c:RetainedEarningsMember 25057708 2025-12-31 c:ProposedDividendRecognisedInEquityMember 25057708 2025-01-01 c:DepositsLongtermInvestmentsAndReceivablesMember 25057708 2025-12-31 c:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure true BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 DK-8000 Aarhus C 45719375 2026-06-23 Germaine Marie Mathieu Zelissen-Zeijen Årsrapport Commaxx Nordic A/S Lægårdsvej 9C, st. 8520 Lystrup Den uafhængige revisors erklæring om udvidet gennemgang 25057708 1999-11-15 Aarhus 2025-01-01 2025-12-31 2024-01-01 2024-12-31 BDO Statsautoriseret Revisionspartnerselskab Vestre Ringgade 28 8000 Aarhus C Danske Bank Jægergårdsgade 101B 8000 Aarhus C Advokatfirmaet Strauss & Garlik Holsteinsgade 19 8300 Odder Today the Board of Directors and Executive Board have discussed and approved the Annual Report of Commaxx Nordic A/S for the fi­nan­ci­al year 1 January  - 31 December 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 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. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. We recommend the Annual Report be approved at the Annual General Meeting. Lystrup 2026-06-22 Charlotte Strømman Have Hubertus Antonius Arnoldus Peels Chairman Willem Waaijen Germaine Marie Mathieu Zelissen-Zeijen To the Shareholder of Commaxx Nordic A/S Konklusion We ha­ve per­for­med an extended review of the Fi­nan­ci­al Sta­te­ments of Commaxx Nordic A/S for the fi­nan­ci­al year 1 January - 31 December 2025, 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 under the Danish Financial State­ments Act.   Based on the work performed in our 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 accordance with the Danish Financial Statements Act.   Basis for ConclusionGrundlag for konklusion 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 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 (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the Financial Statements 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.   Grundlag for konklusion Management's Re­spon­si­bi­li­ti­es for the Fi­nan­ci­al Sta­te­ments 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 in order to obtain limited assurance for our conclusion on the Fi­nan­ci­al Sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.   An extended review comprises procedures that primarily consist of making inquiries of Ma­na­ge­ment and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of 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 the Fi­nan­ci­al Sta­te­ments.   Statement on the Management Commentary Management is responsible for the Ma­na­ge­ment Com­men­ta­ry.   Our conclusion 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 extended review 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 during the extended review, 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 of the Danish Financial Statements Act. We did not identify any material misstatement in the Ma­na­ge­ment Com­men­ta­ry.   Aarhus 2026-06-22 BDO Statsautoriseret Revisionspartnerselskab 45719375 Morten Kristensen Den uafhængige revisors erklæring om udvidet gennemgang State Authorised Public Accountant mne47785 Principal activities The company's activities comprise in sales of electronic devices to the Scandinavian market.   5053948 7497742 3867247 6278451 0 210750 316610 128802 870091 879739 682842 793701 219496 165384 1333437 1508056 0 0 1333437 1508056 30000000 0 -28666563 1508056 1333437 1508056 76576 76576 76576 76576 76576 76576 3011082 7255012 31014999 30489636 1046000 1046000 477067 9881 98607 466172 35647755 39266701 3697399 181632 39345154 39448333 39421730 39524909 1200000 1200000 5574647 34241210 30000000 0 36774647 35441210 576150 628964 576150 628964 15352 17206 690531 516229 2070933 3454735 2070933 3454735 39421730 39524909 DKKSha­re ca­pi­talRetained earningsProposed dividendTotal Equity at 1 January 20251.200.00034.241.210035.441.210 -30.000.000 Proposed profit allocation -28.666.56330.000.0001.333.437 Equity at 31 December 20251.200.0005.574.64730.000.00036.774.647 1200000 34241210 0 -30000000 -28666563 1200000 5574647 30000000 1 | Staff costs Ave­ra­ge num­ber of full ti­me em­ploy­ees78 Wages and salaries 3.406.6685.729.593 Pensions 313.974354.195 Social security costs 75.83087.561 Other staff costs 70.775107.102 3.867.2476.278.451 7 8 3406668 5729593 313974 354195 75830 87561 70775 107102 3867247 6278451 2 | Other financial income Group enterprises 601.236537.428 Other interest income 81.606256.273 682.842793.701 601236 537428 81606 256273 682842 793701 3 | Financial non-current assets DKKFixed asset investments Cost at 1 January 2025 76.576Cost at 31 December 2025 76.576  Carrying amount at 31 December 202576.576 76576 76576 76576 20252024 DKKDKK 4 | Other provisions 0-1 år 288.075314.482 Other financial commitments Operational lease The company has entered into lease contracts with a residual term of up to 33 months with a total residual lease payment of tDKK 238.    Rent obligations The Company has entered into rent commitments, which at the balance sheet date amount to tDKK 111 during the period of notice. The Annual Report of Commaxx Nordic A/S for 2025 has been presented in accor­dance with the pro­vi­sions of the Da­nish Fi­nan­ci­al State­ments Act for en­ter­pri­ses in re­por­ting class B and cer­tain pro­vi­si­ons ap­ply­ing to re­por­ting class C.  Regnskabsklasse B1truetrueThe Annual Report is prepared consistently with the accounting principles applied last year.   Regnskabsklasse B true Net revenue Net revenue from the sale of merchandise and finished goods is recognised in the Income Statement if supply and risk transfer to purchaser has taken place before the end of the year and if the income can be measured reliably and is expected to be received.   Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale.   Costs of raw materials and consumables Raw materials and consumables comprises the costs of raw materials and consumables used to reach the revenue for the year.  Other operating income Other operating income includes items of a secondary nature in relation to the enterprises' principal activities, including profit from sale of intangible and tangible assets, operating loss and conflict compensations, as well as salary refunds. Compensations are recognised when the income is estimated to be realisable.    Other external expenses Other external expenses include other production, sales, delivery and administrative costs, including costs of energy, marketing, premises, loss on bad debts,  lease expenses, etc   Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions, and other costs of social security etc., for the Com­pa­ny's employees.   Other operating expenses Other operating expenses include items of a secondary nature in relation to the Group’s and the Company’s activities. Losses from sale of intangible and tangible fixed assets are also included.   Financial income and expenses Financial income and expenses include interest income and expenses, financial expenses of finance leases, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices.   Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity.   Financial non-current assets Deposits include rental deposits which are recognised and measured at cost. Deposits are not depreciated.   Impairment of fixed assets The carrying amount of  fi­xed as­sets, which are not mea­su­red at fair va­lue,, are assessed annually for indications of impairment other than that reflected by amortisation and depreciation.   In the event of impairment indications, an impairment test is made for each asset or group of assets, respectively. If the recoverable amount is lower than the carrying amount, the asset is written down to the recoverable amount.   The recoverable amount is calculated at the higher of the capital value and the sales value less expected costs of a sale. The capital value is determined as the Company's share in the current value of the net cash flows which the subsidiary is expected to generate through its activities and from sale of assets after the end of their useful lives. A discount rate is used which reflects the risk-free market rate and the owners' minimum return on interest requirements for similar assets. The growth rate in the terminal period is determined in accordance with the standards within the industry.   Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses.   Accruals, assets Accruals recognised as assets include costs incur­red relating to the subsequent financial year.   Other provisions for liabilities Other provisions for liabilities include the expected cost of warranty commitments, loss on work in progress, restructurings etc. and deferred tax.   Warranty commitments include liabilities for improvement of work within the warranty period of 1 to 5 years. The provision for liabilities is measured and recognised on the basis of experience with warranty work.    When it is likely that the total costs will exceed the total income on the contract work in pro­gress, a provision is made for the total loss that is anticipated on the contract.   Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, ad­justed for tax on the taxable income for previous years and taxes paid on account.   Deferred tax is measured on the temporary dif­ferences between the carrying amount and the tax value of assets and liabilities.   Deferred tax assets, including the tax value of tax loss carryforwards, are measured at the amount at which the asset is expected to be used within a reasonable number of years, either by setoff against tax on future earnings or by setoff 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 under the legislation in force on the Balance Sheet date will be ap­pli­cable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity.   Liabilities Financial liabilities are recognised at the time of borrowing by the amount of proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost equal to the capitalised value when using the effective interest, the difference between the proceeds and the nominal value being recog­nised in the Income Statement over the loan period.   The amortised cost of current liabilities corresponds usually to the nominal value.   Foreign currency translation Transactions in foreign currencies are translated at the rate of exchange on the transaction date. Exchange differences arising between the rate on the transaction date and the rate on the payment date are recognised in the Income Statement as a financial income or expense. Receivables, payables and other monetary items in foreign currencies that are not settled on the Balance Sheet date are translated at the exchange rate on the Balance Sheet date. The difference between the exchange rate on the Balance Sheet date and the exchange rate at the date when the receivables or payables come into existence recognised in the Income Statement as financial income or expenses. Fixed assets acquired in foreign currencies are translated at the rate of exchange on the transaction date.