27959954 2025-01-01 2025-12-31 27959954 2025-01-01 2025-12-31 2 27959954 2025-01-01 2025-12-31 1 27959954 2025-01-01 2025-12-31 1 27959954 2025-01-01 2025-12-31 2 27959954 2025-01-01 2025-12-31 3 27959954 2025-01-01 2025-12-31 1 27959954 2002-01-01 2002-12-31 27959954 2001-01-01 2001-12-31 27959954 2000-01-01 2000-12-31 27959954 2024-01-01 2024-12-31 27959954 2002-12-31 27959954 2001-12-31 27959954 2000-12-31 27959954 2025-12-31 27959954 2024-12-31 27959954 2025-01-01 d:ContributedCapitalMember 27959954 2025-01-01 d:RetainedEarningsMember 27959954 2025-01-01 d:ProposedDividendRecognisedInEquityMember 27959954 2025-01-01 2025-12-31 d:ContributedCapitalMember 27959954 2025-01-01 2025-12-31 d:RetainedEarningsMember 27959954 2025-01-01 2025-12-31 d:ProposedDividendRecognisedInEquityMember 27959954 2025-12-31 d:ContributedCapitalMember 27959954 2025-12-31 d:RetainedEarningsMember 27959954 2025-12-31 d:ProposedDividendRecognisedInEquityMember 27959954 2025-01-01 d:GoodwillMember 27959954 2025-12-31 d:GoodwillMember 27959954 2025-01-01 2025-12-31 d:GoodwillMember 27959954 2025-01-01 d:FixturesFittingsToolsAndEquipmentMember 27959954 2025-01-01 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 27959954 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 27959954 2025-01-01 d:InvestmentsInGroupEnterprisesMember 27959954 2025-12-31 d:InvestmentsInGroupEnterprisesMember 27959954 2025-01-01 2025-12-31 d:InvestmentsInGroupEnterprisesMember 27959954 2025-01-01 2025-12-31 d:SubsidiaryMember 2 27959954 2025-12-31 d:SubsidiaryMember 2 27959954 2025-01-01 2025-12-31 d:SubsidiaryMember 3 27959954 2025-12-31 d:SubsidiaryMember 3 27959954 2025-01-01 d:DepositsLongtermInvestmentsAndReceivablesMember 27959954 2025-01-01 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 27959954 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 27959954 2025-12-31 1 27959954 2025-01-01 d:OtherLongtermPayablesMember 27959954 2025-12-31 d:OtherLongtermPayablesMember 27959954 2025-01-01 d:HolidayAllowanceLiabilitiesLongtermMember 27959954 2025-12-31 d:HolidayAllowanceLiabilitiesLongtermMember iso4217:DKK xbrli:pure xbrli:shares 2610 Rødovre CaseWare-FSR false false Vojensvej 11, st. tv. 2025-12-31 Haamann Statsautoriseret Revisionspartnerselskab 39408198 39408198 false 2026-06-12 Haamann Statsautoriseret Revisionspartnerselskab 2025-01-01 Revisionspåtegning 2024-01-01 2024-12-31 Peter Bangsgaard Regnskabsklasse C, mellemstor virksomhed false false false Annual report The supervisory board and executive board have today discussed and approved the annual report of balticfinance Danmark A/S 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 that the annual report should be approved by the company in general meeting. Peter Bangsgaard Klaus Krützfeldt Philipp Brodersen Christian Krützfeldt To the shareholder of balticfinance Danmark A/S Opinion We have audited the financial statements of balticfinance Danmark A/S for the financial year 1 January - 31 December 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equi­ty and notes. The financial statements are prepared under 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 accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor's responsibilities for the audit of the financial statements” section of our report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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 the 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 objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.Conclude on the appropriateness of management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Statement on management's reviewManagement is responsible for management's review.Our opinion on the financial statements does not cover management's review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read management's review and, in doing so, consider whether management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether management's review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that management's review 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 of management's review. Rødovre 2026-06-12 Haamann Statsautoriseret Revisionspartnerselskab Jan Bøllingtoft Asmussen Statsautoriseret revisor mne28638 balticfinance Danmark A/S Lagergade  11, 2. 1799  København V 27959954 Copenhagen 39408198 Vojensvej 11, st. tv. 2610 Rødovre Seen over a 5-year period, the development of the Company may be described by means of the following financial highlights:The financial ratios are calculated in accordance with the Danish Finance Society's recommendations and guidelines. For definitions, see the summary of significant accounting policies. 91845000 51549000 44799000 71050000 41433000 39938000 -5127000 -10130000 -3087000 521000 -14000 49072000 34731000 32337000 227698000 166136000 45004000 0 91000 195000 0 293000 56118000 46627000 31897000 23 15 8 22.6 18.9 36.1 39.2 118.8 45.3 35.3 24.6 28.1 70.9 37.6 31.9 95.5 88.5 132.9 Business reviewThe company's principal activities consist of insurance agency business.   In 2025, the company completed a merger with its subsidiary, Global Forsikringsagentur ApS, as well as its parent company, Balticfinance Holding ApS. Recognition and measurement uncertaintiesThe recognition and measurement of items in the annual report is not associated with any uncertainty. Unusual mattersThe company's financial position at 31 December 2025 and the results of its operations for the financial year ended 31 December 2025 are not affected by any unusual matters, except from mergers disclosed under business review. Financial review The company's income statement for the year ended 31 December 2025 shows a profit of DKK 53.524.718, and the balance sheet at 31 December 2025 shows equity of DKK 169.104.892.The company's gross profit in 2025 was DKK 131,5 million compared to 104,6 million in 2024. The increase in gross profit of 26% is a result of the high level of activity in the financial year.    In the financial year, the company achieved profit before tax of DKK 73,9 million. The overall result is described as satisfactory in relation to expectations.   At the time of submitting the annual report, the company's management expects an increase of 10-15% in sales activity in the coming year, as a result of the currently known level of activity.   Management expects an increase in operating profit before tax with 15-20% for the coming year. 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. The company's knowledge resources if of particular importance to its future earningsThe company's knowledge resources are distributed over a number of staff members with long seniority. Impact on the external environment and measures taken to prevent, reduce or mitigate damageAs a sales office, our activities only have limited impact on the environment.   However, on the basis of our environmental and climate policy, we have a continual focus on minimising our negative impact on the climate and environment to the greatest extent possible and we are working to reduce energy consumption. Research and development activities in or for the companyThe company does not engage in any research and development activities. BranchesThe company has a branch in Germany: balticfinance Danmark A/S, Filiale Deutschland Vermittlung von Versicherubgen, involved in insurance agency business in the German market. The annual report of balticfinance Danmark A/S for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act ap­plying to me­di­um-sized en­ter­pri­ses of re­por­ting class C.The accounting policies applied are consistent with those of last year.   The uniting of interests method has been applied to intergroup mergers in 2025 with full restatement of comparative financial figures.The annual report for 2025 is pre­sen­ted in DKK Pursuant to sections §112, 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. Recently acquired entities are recognised in the financial statements from the date of acquisition. Sold entities are recognised in the financial statements until the date of disposal. Comparative figures are not restated in respect of recently acquired entities. Discontinued operations are presented separately, see below.The date of acquisition is the time when the company actually gains control over the acquiree.The acquisition method is applied to the acquisition of new entities where the company gains control over the acquiree. The acquirees' identifiable assets, liabilities and contingent liabilities are measured at fair value at the date of acquisition. Identifiable intangible assets are recognised if they are separable or emanate from a contractual right. Deferred tax on the revaluations made is recognised.Positive differences (goodwill) between, on the one side, the purchase consideration, the value of non-controlling interests in the acquiree and the fair value of any previously acquired investments and, on the other side, the fair value of the acquired identifiable assets, liabilities and contingent liabilities are recognised as goodwill under ‘Intangible assets’. Goodwill is amortised on a straight-line basis in the income statement based on an individual assessment of its useful life.Negative differences (negative goodwill) are recognised in the income statement at the date of acquisition.On acquisition, goodwill is ascribed to / classed with the cash-generating unit, which subsequently forms a basis for impairment testing. Goodwill and fair value adjustments in connection with the acquisition of a foreign entity with another functional currency than the group's presentation currency are accounted for as assets and liabilities belonging to the foreign entity and are translated on initial recognition into the foreign entity's functional currency using the exchange rate at the date of the transaction.The purchase consideration for an entity consists of the fair value of the agreed consideration in the form of assets transferred, liabilities assumed and equity instruments issued. If part of the purchase consideration is conditional upon future events or the fulfilment of agreed conditions, this part of the purchase consideration is recognised at fair value at the date of acquisition. Subsequent adjustments of conditional purchase consideration are recognised in the income statement.Expenses defrayed in connection with acquisitions are recognised in the income statement in the year in which they are defrayed.If, at the date of acquisition, the identification or measurement of acquired assets, liabilities and/or contingent liabilities or the size of the purchase consideration are associated with uncertainty, initial recognition will be based on preliminarily calculated amounts. If it subsequently turns out that the identification or measurement of the purchase consideration, acquired assets, liabilities and/or contingent liabilities was not correct on initial recognition, the calculation will be adjusted with retrospective effect, including goodwill, until 12 months after the acquisition, and comparative figures will be restated. Subsequently, any adjustments made will be recognised as error.   Intercompany acquisitions including mergers are recognized using the uniting of interests method with full restatement of comparative financial figures. In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross profit reflects an aggregation of revenue, changes in inventories of finished goods and work in progress and other operating income less costs of raw materials and consumables and other external expenses. Income from the sale of insurance products and services are recognised in the income statement from the date of delivery and when the risk has passed to the buyer and it is possible to calculate the income reliably. The revenue is calculated exclusive of VAT, charges and discounts. Other external expenses include expenses related to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, 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. Depreciation, amortisation and impairment of intangible assets and property, plant and equipment comprise the year's depreciation, amortisation and impairment of intangible assets and property, plant and equipment. 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, financial expenses relating to finance leases, realised and unrealised capital/exchange gains and losses on securities, liabilities and foreign currency transactions, amortisation of financial assets and liabilities and surcharges and allowances under the Danish Tax Prepayment Scheme, 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. GoodwillAcquisitions of entities are accounted for using the purchase method, according to which the acquirees' identifiable assets and liabilities are measured at fair value at the date of acquisition. Provision is made for expenses to adopted and announced plans to restructure the acquired entity in connection with the acquisition. Allowance is made for the tax effect of revaluations made.Any excess of the cost over the fair value of the identifiable assets and liabilities acquired (goodwill), including restructuring provisions, is recognised as intangible assets and amortised on a systematic basis in the income statement based on an individual assessment of the useful life of the asset. Goodwill arising on acquisition can be restated until the end of the year after the acquisition.Acquired goodwill is measured at cost less accumulated amortisation and impairment losses. Goodwill is amortised over the expected economic life of the asset, measured by reference to management's experience in the individual business segments. Goodwill is amortised on a straight-line basis over the amortisation period, which is 10 years. The amortisation period is based on the assessment that the entities in question are strategically acquired entities with a strong market position and a long-term earnings profile. Fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.The depreciable amount is cost less the expected residual value at the end of the useful life.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use. The cost of self-constructed assets comprises direct and indirect costs of materials, components, sub-suppliers and wages.Straight-line depreciation is provided on the basis of the following estimated useful lives of the assets:Useful lifeResidual valueOther fixtures and fittings, tools and equipment 3-7 years0-10 %Gains and losses on the sale of items of property, plant and equipment are calculated as the difference between the selling price, less costs to sell, and the carrying amount at the time of sale.   Gains or losses on the sale of items of property, plant and equipment are recognised in the income statement under other operating income or other operating expenses, respectively. Leases for items of property, plant and equipment that transfer substantially all the risks and rewards incident to ownership to the company (finance leases) are recognised in the balance sheet as assets. On initial recognition, assets are measured at estimated cost, corresponding to the lower of fair value of the leased asset and the present value of the future lease payments. In calculating the net present value of the future lease payments, the interest rate implicit in the lease or the incremental borrowing rate is used as the discount factor. Assets held under finance leases are subsequently depreciated as the company's other non-current assets.The capitalised residual lease commitment is recognised in the balance sheet as a liability, and the interest element of the lease payment is recognised in the income statement over the term of the lease.All other leases are considered as operating leases. Payments relating to operating leases and any other leases are recognised in the income statement over the term of the lease. The company's total liabilities relating to operating leases and other rent agreements are disclosed under 'Contingencies, etc.'. Investments in subsidiaries, associates and participating interests are measured at the proportionate share of the net asset value of the entities, calculated on the basis of the group's accounting policies, plus or less unrealised intra-group gains or losses and plus or less any remaining value of positive or negative goodwill stated according to the purchase method. Negative goodwill is recognised in the income statement on acquisition. Where the negative goodwill relates to contingent liabilities having been taken over, the negative goodwill is not recognised until the contingent liabilities have been settled or no longer exist.Goodwill on consolidation is amortised over the expected useful economic life based on management’s experience from each individual business segment. Goodwill on consolidation is amortised on a straight-line basis over the amortisation period, which is 5-20 years. The amortisation period is fixed based on the assessment that the strategically acquired entities have a strong market position and a long-term earnings profile.Investments in subsidiaries, associates and participating interests with a negative net asset value are measured at DKK 0, and the carrying amount of any receivables from these entities is reduced to the extent that they are considered irrecoverable. If the parent company has a legal or constructive obligation to cover a deficit that exceeds the receivable, the balance is recognised under provisions.Net revaluations of investments in subsidiaries, associates and participating interests are taken to the net revaluation reserve according to the equity method in so far as that the carrying amount exceeds the cost. Dividends from subsidiaries which are expected to be declared before the annual report of  balticfinance Danmark A/S is adopted are not taken to the net revaluation reserve.Acquirees are accounted for using the purchase method, see the above description of consolidated financial statements and calculation of goodwill. The carrying amount of intangible assets, items of property, plant and equipment and investments in subsidiaries, associates and participating interests is tested annually for impairment, other than what is reflected through normal amortisation and depreciation.Where there is evidence of impairment, an impairment test is performed for each individual asset or group of assets. Write-down is made to the lower of the recoverable amount and the carrying amount.The recoverable amount is the higher of the net present value and the value in use less expected costs to sell. The net present value is determined as the present value of the anticipated net cash flows from the use of the asset or group of assets and the anticipated net cash flows from the disposal of the asset or group of assets after the end of their useful life. 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 is impaired, an impairment loss for that individual asset is recognised. Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years. Cash and cash equivalents comprise deposits at banks.   Client funds, which are reported as assets and liabilities in the balance sheet, represent cash received on collection of insurance premiums on behalf of a client and payable to the client within a specified period. Client funds are liquid funds with a restricted disposition right. The same amount is reported as a liability. Reserve for net revaluation according to the equity methodThe translation reserve comprises foreign exchange differences arising on translation of financial statements of entities that have a functional currency different from DKK, foreign exchange adjustments of assets and liabilities considered part of the Group's net investments in such entities.    The net revaluation reserve according to the equity method includes net revaluation of equity investments in subsidiaries and participating interests relative to cost.   These reserves cannot be recognised at a negative amount.DividendsProposed dividends are disclosed as a separate item under equity. Dividends are recognised as a liability when declared by the annual general meeting of shareholders. 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.Deferred tax is measured according to the tax rules and at the tax rates applicable in the respective countries at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax adjustments resulting from changes in tax rates are recognised in the income statement, with the exception of items taken directly to equity.Deferred tax assets, including the tax base of tax losses allowed for carry forward, are measured at the value to which the asset is expected to be realised, either as a set-off against tax on future income or as a set-off against deferred tax liabilities within the same legal tax entity. Any deferred net tax assets are measured at net realisable value. Financial liabilities are recognised on the raising of the loan at the proceeds received net of transaction costs incurred. On subsequent recognition, the financial liabilities are measured at amortised cost, corresponding to the capitalised value, using the effective interest method. Accordingly, the difference between the net proceeds and the nominal value is recognised in the income statement over the term of the loan.Other 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’.Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses. Foreign exchange adjustments of balances with separate entities which are considered part of the investment in the subsidiary are taken directly to the fair value reserve under 'Equity'. Correspondingly, foreign exchange gains and losses on loans and derivative financial instruments entered into to hedge net investments in such entities are taken directly to equity. No cash flow statement has been prepared for the parent company, as the parent company's cash flows are included in the consolidated cash flow statement, see section 86(4) of the Danish Financial Statements Act. No cash flow statement has been prepared for the parent company, as the parent company's cash flows are included in the consolidated cash flow statement, see section 86(4) of the Danish Financial Statements Act. Return on assetsEarnings before interest and taxes (EBIT) x 100Average assetsSolvency ratioEquity at year end x 100Total assetsReturn on equityNet profit for the year x 100Average equity 131459310 104646875 45990585 43427411 6414891 8740510 79053834 52478954 -6101749 -6971854 5687484 6854310 4712272 10012593 73927297 42348817 20402579 14985574 53524718 27363243 41826235 48065273 41826235 48065273 428652 171767 428652 171767 66343164 72444914 1516596 501731 67859760 72946645 110114647 121183685 8669583 15010317 147878037 89556612 1983244 80972 575607 915000 1401040 624392 160507511 106187293 103088827 99936485 263596338 206123778 373710985 327307463 500000 500000 8604892 115080173 160000000 0 169104892 115580173 62822495 72363878 120329 174280 62942824 72538158 11572989 13022362 93833769 92316040 5974507 16233580 12056043 4213574 17047186 11421574 1178775 1982002 141663269 139189132 204606093 211727290 373710985 327307463 500000 115261855 0 0 -181681 0 -106475282 160000000 500000 8604892 160000000 40178979 38368402 5237896 4518756 573710 540253 45990585 43427411 55 42 According to section 98 B(3) of the Danish Financial Statements Act, renumeration to the executive board has not been disclosed.   No special incentive programs are provided for members of management. 5315016 3071356 372468 3782954 5687484 6854310 20063186 14971574 339393 14000 160000000 0 -106475282 27363243 62390378 62390378 -14325104 -6239039 -20564143 41826235 737088 432737 1169825 565321 175852 -741173 428652 70792372 70792372 1652542 839745 -6941495 -4449208 66343164 NameRegistered officeOwnership interestDin Forsikringsagentur ApSDenmark100%balticfinance Danmark, filiale Deutschland Vermittlung von VersicherubgenGermany100% Din Forsikringsagentur ApS Denmark 100 balticfinance Danmark, filiale Deutschland Vermittlung von Versicherubgen Germany 100 382900 1133696 1516596 1516596 Prepaid expenses are primarily related to insurance and staff. The share capital consists of 500.000  shares  of a nominal value of DKK 1. No shares carry any special rights. 500000 1 Deferred tax asset at 1 January 2025 915.000929.000Deferred tax recognised in income statement -339.393-14.000Deferred tax asset at 31 December 2025 575.607915.000 85386240 74395484 11572989 0 174280 120329 0 0 Rent and lease liabilitiesOperating lease liabilities. Total future lease payments:Within 1 year9.556.0953.476.7559.556.0953.476.755Operating lease liabilities. Total future lease payments:After 5 years00 The company is part of a joint taxation. The company is liable unlimited and jointly with the parent company WECOYA DENMARK UNDERWRITING ApS and Danish group companies for Danish corporation tax etc. within the joint taxation. Any subsequent correction may result in the company's liability amounting to a larger amount. Cash, cash equivalents pledged as clients funds DKK 100,7 million. Gimlet TopCo GmbH located in Hamburg, Germany, ultimate parentThe following shareholder has been registered in the Company's register of shareholders, cf. section 55 of the Danish Companies Act. Pursuant to section 98 c (7) of the Danish Financial Statements Act trading and transactions were conducted with related parties at arm's length.