25389085 2025-01-01 2025-12-31 25389085 2025-01-01 2025-12-31 1 25389085 2025-01-01 2025-12-31 2 25389085 2024-01-01 2024-12-31 25389085 2025-12-31 25389085 2024-12-31 25389085 2025-01-01 d:ContributedCapitalMember 25389085 2025-01-01 d:RetainedEarningsMember 25389085 2025-01-01 2025-12-31 d:RetainedEarningsMember 25389085 2025-12-31 d:ContributedCapitalMember 25389085 2025-12-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure 2024-01-01 Regnskabsklasse B 2025-12-31 21625744 CSC (Denmark) A/S c/o Harbour House, Sundkrogsgade 21 DK-2100 København 2025-01-01 2024-12-31 Antonio Samos true false 2026-06-30 Ingen bistand CaseWare-FSR Annual report The executive board has today discussed and approved the annual report of AFI ApS for the financial year 1 January - 31 December 2025. 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 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 our opinion, management's review includes a fair review of the matters dealt with in the management's review. Management recommends to the company in general meeting that the financial statements for 2026 are not to be audited. Management considers the criteria for not auditing the financial statements to be met. 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. Antonio Samos Director Arthur Robin Donig director AFI ApS Sundkrogsgade  21 DK-2100  Copenhagen 25389085 Copenhagen Business reviewThe company's activity consists of investment equity interests. Financial review The company's income statement for the year ended 31 December 2025 shows a loss of DKK 177.941, and the balance sheet at 31 December 2025 shows negative equity of DKK 1.351.172. 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. -177514 -104362 427 10127 -177941 -114489 0 0 -177941 -114489 -177941 -114489 0 0 0 0 0 16606 0 16606 0 16606 0 16606 500000 500000 -1851172 -1673231 -1351172 -1173231 79170 48583 1272002 1141254 1351172 1189837 1351172 1189837 0 16606 500000 -1673231 -177941 500000 -1851172 0 0 The company is jointly taxed with other Danish companies in the group and is jointly and severally liable with other jointly taxed group entities for payment of income taxes as well withholding taxes on interest.   The company has no other contingencies as per 31.12.2025. The annual report of AFI ApS for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act ap­plying to en­ter­pri­ses of re­por­ting class B, as well as provisions applying to reporting class C entities.The accounting policies applied are consistent with those of last year.The annual report for 2025 is pre­sen­ted in DKK. Pursuant to sections §110 subsection 1, of the Danish Financial Statements Act, the company has not prepared consolidated financial statements. 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. Gross includes other external expenses. Other external expenses include expenses related to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Other financial items include interest income and interest expenses, exchange rate gains and losses on transactions in foreign currencies, 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. Investments in subsidiaries are recognised and measured using the equity method. For investments in subsidiaries, the equity method is considered a measurement method.Investments measured using the equity method are measured at cost upon initial recognition. Transaction costs that are directly attributable to the acquisition are recognized in the cost of the investments.Subsequent recognition and measurement of equity investments using the equity method means that the equity investments are measured at the proportionate share of the companies' accounting equity value, calculated in accordance with the accounting policies of the owner company, adjusted for the remaining value of goodwill and gains and losses on transactions with companies in question. Equity investments where information for recognition using the equity method is not known are measured at cost.Investments with a negative net asset value are measured at DKK 0. Receivables that are considered to be part of the total investment in the companies in question are written down by any remaining negative net asset value. Other receivables from these companies are written down to the extent that the receivable is assessed as uncollectible. A provision is recognised to cover the remaining negative net asset value to the extent that the company has a legal or constructive obligation to cover the obligations of the company in question.Gains or losses on the disposal of investments are calculated as the difference between the disposal price and the carrying amount of net assets at the time of sale, including undepreciated goodwill and expected costs of sale or liquidation. Gains and losses are recognised in the income statement under income from investments. Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years. Reserve for net revaluation according to the equity methodThe reserve for net revaluation according to the equity method in the company's financial statements comprises net revaluation of investments in subsidiaries, participating interests and associates relative to the cost. 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. On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as financial income or financial expenses. If foreign currency instruments are considered cash flow hedges, any unrealised value adjustments are taken directly to a fair value reserve under ‘Equity’.