32304532 2025-02-01 2026-01-31 32304532 2025-02-01 2026-01-31 1 32304532 2025-02-01 2026-01-31 1 32304532 2025-02-01 2026-01-31 1 32304532 2025-02-01 2026-01-31 2 32304532 2025-02-01 2026-01-31 3 32304532 2024-02-01 2025-01-31 32304532 2026-01-31 32304532 2025-01-31 32304532 2024-02-01 d:ContributedCapitalMember 32304532 2024-02-01 d:ReserveForDevelopmentExpenditureMember 32304532 2024-02-01 d:RetainedEarningsMember 32304532 2024-02-01 2025-01-31 d:ReserveForDevelopmentExpenditureMember 32304532 2024-02-01 2025-01-31 d:RetainedEarningsMember 32304532 2025-02-01 d:ContributedCapitalMember 32304532 2025-02-01 d:ReserveForDevelopmentExpenditureMember 32304532 2025-02-01 d:RetainedEarningsMember 32304532 2025-02-01 2026-01-31 d:ReserveForDevelopmentExpenditureMember 32304532 2025-02-01 2026-01-31 d:RetainedEarningsMember 32304532 2026-01-31 d:ContributedCapitalMember 32304532 2026-01-31 d:ReserveForDevelopmentExpenditureMember 32304532 2026-01-31 d:RetainedEarningsMember 32304532 2025-02-01 d:CompletedDevelopmentProjectsMember 32304532 2025-02-01 2026-01-31 d:CompletedDevelopmentProjectsMember 32304532 2026-01-31 d:CompletedDevelopmentProjectsMember 32304532 2025-02-01 d:DepositsLongtermInvestmentsAndReceivablesMember 32304532 2025-02-01 2026-01-31 d:DepositsLongtermInvestmentsAndReceivablesMember 32304532 2026-01-31 d:DepositsLongtermInvestmentsAndReceivablesMember 32304532 2026-01-31 d:ReceivablesFromOwnersAndManagementMember 32304532 2002-01-01 d:ContributedCapitalMember 32304532 2001-01-01 d:ContributedCapitalMember 32304532 2000-01-01 d:ContributedCapitalMember 32304532 2024-02-01 2025-01-31 d:ContributedCapitalMember 32304532 2002-01-01 2002-12-31 d:ContributedCapitalMember 32304532 2001-01-01 2001-12-31 d:ContributedCapitalMember 32304532 2000-01-01 2000-12-31 d:ContributedCapitalMember 32304532 2025-01-31 d:ContributedCapitalMember 32304532 2002-12-31 d:ContributedCapitalMember 32304532 2001-12-31 d:ContributedCapitalMember 32304532 2000-12-31 d:ContributedCapitalMember iso4217:EUR xbrli:pure Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Dirch Passers Allé 36 Postboks 250, 2000 Frederiksberg 2025-02-01 2026-01-31 2024-02-01 2025-01-31 32304532 Paiblock A/S Vandtårnsvej 62B 2860 Søborg 2011-08-09 Gladsaxe EY Godkendt Revisionspartnerselskab 30700228 Dirch Passers Allé 36 2000 Frederiksberg Danmark +45 73 23 30 00 2026-07-14 Mark Arthur Regnskabsklasse B Andre erklæringer uden sikkerhed true 2026-07-14 2026-07-14 CaseWare Working Papers Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Paiblock A/S for the financial year 1 February 2025 - 31 January 2026. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Board of Directors and the Executive Board have considered the criteria for omission of audit to be met. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 January 2026 and of the results of the Company's operations for the financial year 1 February 2025 - 31 January 2026. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Søborg Mark Arthur Peder Lindstrøm Olesen Chairman Stig Bo Birch Mark Arthur To the general management of Paiblock A/S We have compiled the financial statements of Paiblock A/S for the financial year 1 February 2025 - 31 January 2026 based on the Company's bookkeeping and other information provided.The financial statements comprise an income statement, balance sheet, statement of changes in equity and notes, including accounting policies.We performed this compilation engagement in accordance with ISRS 4410 Compilation Engagements.We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements in the Danish Auditors Act and International Ethics Standards Board for Professional Accountants' International Code of Ethics for Professional Accountants (IESBA Code), including principles of 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 your responsibility.Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile the financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Statements Act. Copenhagen Thomas Hjortkjær Petersen State Authorised Public Accountant mne33748 The company's main activities consist of the development and operation of digital wallets, payment systems and services related to blockchain-based products and derivatives globally; consulting, investment, and trading as well as other related businesses, optionally in the form of joint ventures with others.Paiblock has been building enterprise-grade digital currency infrastructure since 2011. Paiblock’s suite of products includes, Kunstify NFT and DeFI platform, cross-chain settlement tools, multi-chain payment rails, AI recommendation Engine and merchant payment systems designed for real-world commerce. The income statement for 2025/26 shows a profit of EUR 4,742,580 against a loss of EUR 1,390,337 last year, and the balance sheet at 31 January 2026 shows equity of EUR 5,703,799. With revenue reaching EUR 27,898,663 and a top-line growth levelling at 198,52% at 31 January 2026, the management considers the Company's financial performance in the year satisfactory. The company is subject to supervision by the Danish Financial Supervisory Authority, and thus meets the requirements on money laundering and dividend financing of terrorism. Management expects a positive development in the company's result as well as a floatation to a suitable stock market in the coming years. 7203906 -1251970 20608 17568 1116838 497713 6066460 -1767251 3090 -1815 6063370 -1765436 1320790 -375099 4742580 -1390337 4933369 -417960 -190789 -972377 7945651 2339549 7945651 2339549 16757 5948 16757 5948 7962408 2345497 3492000 0 3492000 0 1594982 2339088 8761 320039 38563 27878 1642306 2687005 49962 842 5184268 2687847 13146676 5033344 89743 89743 6993500 2060131 -1379444 -1188655 5703799 961219 595774 0 595774 0 1898450 3334 263501 263859 725016 0 2379 7933 3957757 3796999 6847103 4072125 6847103 4072125 13146676 5033344 89743 2478091 -216278 -417960 -972377 89743 2060131 -1188655 4933369 -190789 89743 6993500 -1379444 The annual report of PAIBLOCK A/S for 2025/26 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities, such as statement of changes in equity. Pursuant to section 110(1) of the Danish Financial Statements Act, the Company has not prepared consolidated financial statements. Reporting currencyThe financial statements are presented in Euro (EUR). The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.Income from the sale of NFT's, is recognised in revenue when the most significant rewards and risks have been transferred to the buyer and provided the income can be measured reliably and payment is expected to be received. The date of the transfer of the most significant rewards and risks is based on standardised terms of delivery based on Incoterms® 2020.Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue. Revenue, cost of sales and external expenses have been aggregated into one item in the income statement called gross profit in accordance with section 32 of the Danish Financial Statements Act. Cost of sales includes the cost of goods used in generating the year's revenue. Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Staff costs comprise wages and salaries, including holiday allowance and pensions, and other social security costs, etc., for the Company's employees. The basis of amortisation/depreciation, which is calculated as cost less any residual value, is amortised/depreciated on a straight line basis over the expected useful life. The expected useful lives of the assets are as follows:Completed development projects 10 years Financial expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest expenses as well as allowances and surcharges under the advance-payment-of-tax scheme, etc. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.The entity is jointly taxed with other group entities. The total Danish income tax charge is allocated between profit/loss-making Danish entities in proportion to their taxable income (full absorption).Jointly taxed entities entitled to a tax refund are reimbursed by the management company based on the rates applicable to interest allowances, and jointly taxed entities which have paid too little tax pay a surcharge according to the rates applicable to interest surcharges to the management company. Development costs comprise expenses, salaries and amortisation directly or indirectly attributable to development activities.Development projects that are clearly defined and identifiable, where the technical feasibility, sufficient resources and a potential future market or development opportunities areidentifiable and where the Company intends to produce, market or use the project, are recognised as intangible assets provided that the cost can be measured reliably and that there is sufficient assurance that future earnings can cover production costs, selling costs and administrative expenses and development costs. Other development costs are recognised in the income statement as incurred.Development costs that are recognised in the balance sheet are measured at cost less accumulated amortisation and impairment losses. Deposits, investmentsFinancial fixed assets consist of deposits, which are measured at amortized cost. Financial fixed assets consist of deposits, which are measured at amortized cost. The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries and associates is assessed for impairment on an annual basis.Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount). The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life.Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value. The net realisable value of inventories is calculated as the sales amount less costs of completion and expenses required to effect the sale and is determined taking into account marketability, obsolescence and development in the expected selling price. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.Receivables are measured at amortised cost.An impairment loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on an individual basis.Receivables in respect of which there is no objective evidence of individual impairment are tested for objective evidence of impairment on a portfolio basis. The portfolios are primarily based on the debtors' domicile and credit ratings in line with the Company's risk management policy. The objective evidence applied to portfolios is determined based on historical loss experience.Impairment losses are calculated as the difference between the carrying amount of the receivables and the present value of the expected cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Crypto currency is recognized as non-fixed assets, because the purpose is resale, but not as a primary activity. The assets are measured at cost price. Cryptocurrency must be impaired to the recoverable amount if this is lower than the cost price. Profit or loss from the sale of cryptocurrency is recognized under other operating income or other operating expenses in the income statement. Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years. Current tax payables and receivables are recognised in the balance sheet as the estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account.Deferred tax is measured according to the liability method on all temporary differences between the carrying amount and the tax base of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is not deductible for tax purposes and on office premises and other items where temporary differences, apart from business combinations, arise at the date of acquisition without affecting either profit/loss for the year or taxable income. Where alternative tax rules can be applied to determine the tax base, deferred tax is measured based on Management's intended use of the asset or settlement of the liability, respectively.Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Changes in deferred tax due to changes in the tax rate are recognised in the income statement. The Company has chosen IAS 39 as interpretation for liabilities.Financial liabilities are recognised at the date of borrowing at the net proceeds received less transaction costs paid. On subsequent recognition, financial liabilities are measured at amortised cost, corresponding to the capitalised value, using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan. Financial liabilities also include the capitalised residual lease liability in respect of finance leases.Other liabilities are measured at net realisable value. 20608 17568 20608 17568 4 4 1263 1263 1827 -3078 4998371 6722940 11721311 2658822 1116838 3775660 7945651 The intangible fixed assets include proprietary software. 5948 10809 16757 16757 89734 85951 85951 85951 0 -3783 0 0 89734 89734 85951 85951 Other contingent liabilities EUR2025/262024/25 Rent obligations35,7097,923 35,709 7,923 The Company is jointly taxed with its parent company, Acacia Invest ApS, which acts as management company, and has limited and alternative liability together with other jointly taxed group entities for payment of income taxes as well as withholding taxes on interest, royalties and dividends falling due for payment. Ownership NameDomicile Acacia Invest ApSSøborg PBH 27.021 ApSHolbæk Frøken Sofie ApSHolbæk QCD Holding ApSVordingborg