42195030 2025-01-01 2025-12-31 42195030 2025-01-01 2025-12-31 2 42195030 2025-01-01 2025-12-31 1 42195030 2025-01-01 2025-12-31 1 42195030 2025-01-01 2025-12-31 2 42195030 2025-01-01 2025-12-31 3 42195030 2025-01-01 2025-12-31 4 42195030 2025-01-01 2025-12-31 1 42195030 2024-01-01 2024-12-31 42195030 2025-12-31 42195030 2024-12-31 42195030 2025-01-01 d:ContributedCapitalMember 42195030 2025-01-01 d:SharePremiumMember 42195030 2025-01-01 d:RetainedEarningsMember 42195030 2025-01-01 2025-12-31 d:ContributedCapitalMember 42195030 2025-01-01 2025-12-31 d:SharePremiumMember 42195030 2025-01-01 2025-12-31 d:RetainedEarningsMember 42195030 2025-12-31 d:ContributedCapitalMember 42195030 2025-12-31 d:SharePremiumMember 42195030 2025-12-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure 35257691 2026-06-23 Baker Tilly Denmark 2024-12-31 35257691 Baker Tilly Denmark Regnskabsklasse B Poul Bundgaards Vej 1, 1. Andre erklæringer uden sikkerhed 2500 Valby CaseWare-FSR 2025-01-01 2025-12-31 Kari Gunnarsson 2024-01-01 true false Annual report The supervisory board and executive board have today discussed and approved the annual report of Clutch 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. 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. Kari Gunnarsson Kari Gunnarsson Jenny Ruth Hrafnsdottir Ari Helgason Paul Liu To the shareholders of Clutch ApS We have compiled the financial statements of Clutch 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 2026-06-23 Baker Tilly Denmark Morten Friis Munksgaard statsautoriseret revisor mne34482 Clutch ApS Rosenvængets Allé  19, 4. tv 2100  København Ø 42195030 Copenhagen 35257691 Poul Bundgaards Vej 1, 1. 2500 Valby Business reviewThe company's main activity is to conduct business with development, service and sale of technology-based products and services as well as related activities. Financial review The company's income statement for the year ended 31 December 2025 shows a loss of DKK 1.562.322, and the balance sheet at 31 December 2025 shows equity of DKK 6.509.581. 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. -1545565 -1327666 0 100154 -1545565 -1427820 22436 0 39193 9348 -1562322 -1437168 0 0 -1562322 -1437168 -1562322 -1437168 1082115 1029684 1082115 1029684 7081823 39980 8163938 1069664 8163938 1069664 46035 53074 6463546 -170980 6509581 -117906 1491757 1027480 1491757 1027480 162600 160090 162600 160090 1654357 1187570 8163938 1069664 53074 0 -170980 11899 8196848 0 -18938 0 0 -1562322 -8196848 8196848 46035 0 6463546 0 100154 0 100154 0 0 22436 0 22436 0 39193 9348 39193 9348 The annual report of Clutch 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. For the purpose of correct classification in the annual financial statements, “Other staff costs”, t.DKK 23, in note 1 relating to the financial statement item Staff costs, has been reclassified to “Other staff costs” under the financial statement item “Other external expenses” in the comparative figures for 2024. The change in classification has had no impact on the profit for the year, total assets, or equity for 2024. 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 reflects an aggregation of revenue and other external expenses. Income from services is recognised on a straight-line basis as the services are provided. Other external expenses include expenses related to distribution, sale, advertising, administration, premises, bad debts, etc. Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. Financial income and expenses are recognised in the income statement at the amounts that relate to the financial year. Net financials include interest income and expenses 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. Receivables are measured at amortised cost. 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.