257805822024-01-012024-12-31257805822024-01-012024-12-311257805822024-01-012024-12-311257805822024-01-012024-12-312257805822024-01-012024-12-313257805822024-01-012024-12-311257805822024-12-31257805822023-12-31fsa:ContributedCapitalMember257805822023-12-31fsa:RetainedEarningsMember257805822023-12-31fsa:ProposedExtraordinaryDividendRecognisedInEquityMember257805822023-12-31257805822024-01-012024-12-31fsa:RetainedEarningsMember257805822024-01-012024-12-31fsa:ProposedExtraordinaryDividendRecognisedInEquityMember257805822024-12-31fsa:ContributedCapitalMember257805822024-12-31fsa:RetainedEarningsMember257805822024-12-31fsa:ProposedExtraordinaryDividendRecognisedInEquityMember257805822024-01-012024-12-31fsa:OtherShorttermPayablesMember257805822023-01-012023-12-31iso4217:DKKxbrli:pureThe Board of Directors and the Executive Board have today considered and approved the annual report of Fuzion A/S for the financial year 01.01.2024 - 31.12.2024.1318377923643865The annual report is presented in accordance with the Danish Financial Statements Act.38152903262787In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.33931883263961We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.597530117117117We recommend the annual report for adoption at the Annual General Meeting.6589254485Skanderborg571792257082Rut Åsa Maria Sundvall546940116914520Harri Jakob Halonen11483043648587Chariman432109713265933Eero Juhani Hautaniemi100000000Rut Åsa Maria Sundvall-567890313265933To the shareholders of Fuzion A/SWe have performed an extended review of the financial statements of Fuzion A/S for the ​financial year 01.01.2024 - 31.12.2024, 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. ​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance with the Danish Financial Statements Act.1704854019638898We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.1257058983162Management 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, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.1830559820622060Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements.10317809926241031780992624Management 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 in 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 by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with 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.19337378216146841274002010123447Aarhus9875130Morten Gade Steinmetz245600172349mne3414531130073057State Authorised Public Accountant1428443310368853Primary activitiesThe purpose of the company is to operate an IT business, including specifically the provision of internet connections, rental of server rooms, and operation of web hosting services, as well as other related businesses as deemed appropriate by the board of directors.217869604649477Description of material changes in activities and financesNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.3607139315018330This 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.The accounting policies applied to these financial statements are consistent with those applied last year.5540877136633014Recognition 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.573750573750Gross profit or lossGross profit or loss comprises revenue, other operating income, cost of sales and other external expenses.888910714568010RevenueRevenue related to services, which include rental of server space and sale of electricity as well as other associated services, are recognised as the services are delivered.946285715141760Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities.20520002127000Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.20520002127000Other external expensesOther external expenses include expenses relating to the Entity’s normal activities, including expenses for ​premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of ​receivables recognised in current assets. Futhermore, the item also includes write-downs of receivables recognised under current assets.150000000Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.191306176025Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year.15191306176025Other financial incomeOther financial income comprises interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, 0103270Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.041250Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).60588902032422Property, plant and equipmentPlant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. ​​Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. For self-constructed assets, cost comprises direct and indirect costs of materials, components, subsuppliers and labour costs. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment3-10 yearsLeasehold improvements3-10 yearsEstimated useful lives and residual values are reassessed annually. ​​Items of property, plant and equipment are written down to the lower of recoverable amount and carrying ​amount.16076591969103612233043393587ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.1047088899511PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.42967353027153CashCash comprises bank deposits.2870260819188229DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for the financial year is disclosed as a separate item in equity. Extraordinary dividend adopted in the financial year is recognised directly in equity when distributed and disclosed as a separate item in Management's proposal for distribution of profit/loss.4389391419364254Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. Deferred tax relating to retaxation of previously deducted losses in foreign subsidiaries is recognised on the basis of an actual assessment of the purpose of each subsidiary.5540877136633014Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.5737504Joint taxation contributions payable or receivableCurrent joint taxation contributions receivable or joint taxation contributions payable are recognised in the balance sheet, calculated as tax computed on the taxable income of the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.14568010Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.0trueGrundlag for konklusion0Konklusion100000002025-05-30100000002025-05-30-5678903true10000000339635562023-01-015737502023-12-318889107Aarhus C0800021 Staff costs2024 DKK2023 DKKWages and salaries3,425,6513,012,813Pension costs361,522218,372Other social security costs28,11731,6023,815,2903,262,787Average number of full-time employees44City Tower, Værkmestergade4Deloitte Statsautoriseret Revisionspartnerselskab2 Depreciation, amortisation and impairment losses2024 DKK2023 DKKDepreciation of property, plant and equipment3,393,1883,263,9613,393,1883,263,961Skanderborg3 Other financial income 2024 DKK2023 DKKFinancial income from group enterprises7100Other interest income65,18254,48565,89254,485Skanderborg4 Other financial expenses2024 DKK2023 DKKFinancial expenses from group enterprises361,4930Other interest expenses201,932156,935Exchange rate adjustments8,367147Other financial expenses0100,000571,792257,08286605 Tax on profit/loss for the year2024 DKK2023 DKKCurrent tax1,223,3043,393,587Change in deferred tax(75,000)255,0001,148,3043,648,587Regnskabsklasse B6 Property, plant and equipmentOther fixtures and fittings, tools and equipment​DKKLeasehold improvements​DKKCost beginning of year29,222,0111,454,602Additions466,720610,006Cost end of year29,688,7312,064,608Depreciation and impairment losses beginning of year(9,583,113)(471,440)Depreciation for the year(3,057,078)(336,110)Depreciation and impairment losses end of year(12,640,191)(807,550)Carrying amount end of year17,048,5401,257,058Erklæring om udvidet gennemgang7 Financial assetsDeposits DKKCost beginning of year992,624Additions39,156Cost end of year1,031,780Carrying amount end of year1,031,7802024-12-318 Non-current liabilities other than provisionsDue after more than 12 months 2024 DKKBank loans15,000,000Holiday pay obligation191,30615,191,306Other debt (long-term) consists of frozen holiday pay. Due to the nature of the obligation, it is uncertain when the debt will become due for payment.2024-01-019 Other payables2024 DKK2023 DKKVAT and duties704,118635,956Wages and salaries, personal income taxes, social security costs, etc. payable342,683263,555Other costs payable28701,047,088899,51110 Unrecognised rental and lease commitments2024​DKK2023​DKKLiabilities under rental or lease agreements until maturity in total8,414,7779,598,00011 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where Alexandria HoldCo 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.3512 Assets charged and collateralThe company has issued a mortgage deed letter to the company's bank capped at kDKK 8.250 in operating equipment and trade recievables. The booked value of these pledged assets amounts to 31.046 kDKKNiels Bohrs Vej13 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: Alexandria HoldCo ApS, CVR-nr. 44240971, Copenhagen.Copies of the consolidated financial statements of CMNI II Bon JV S.á.rl may be ordered at the following address: CMNI II Bon JV S.á.r.l., Bd Friedrich Wilhelm Raiffeisen 15, 2411 Gasperich, Luxembourg.Fuzion A/S25780582339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-05-30Rut Åsa Maria Sundvall