42348333 2025-01-01 2025-12-31 2 42348333 2025-01-01 2025-12-31 42348333 2025-01-01 2025-12-31 1 42348333 2024-01-01 2024-12-31 42348333 2025-12-31 42348333 2024-12-31 42348333 2025-01-01 d:ContributedCapitalMember 42348333 2024-01-01 d:ContributedCapitalMember 42348333 2025-12-31 d:ContributedCapitalMember 42348333 2024-12-31 d:ContributedCapitalMember 42348333 2025-01-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 42348333 2024-01-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 42348333 2025-01-01 2025-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 42348333 2024-01-01 2024-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 42348333 2025-01-01 d:RetainedEarningsMember 42348333 2024-01-01 d:RetainedEarningsMember 42348333 2025-01-01 2025-12-31 d:RetainedEarningsMember 42348333 2024-01-01 2024-12-31 d:RetainedEarningsMember 42348333 2025-12-31 d:RetainedEarningsMember 42348333 2024-12-31 d:RetainedEarningsMember 42348333 2025-01-01 2025-12-31 1 42348333 2025-01-01 2025-12-31 1 42348333 2025-01-01 2025-12-31 2 iso4217:DKK xbrli:pure Årsrapport 15807776 Partner Revision, statsautoriseret revisionsaktieselskab Torvegade, 22 7330, Brande 2024-01-01 2024-12-31 2025-01-01 2025-12-31 42348333 Tranquebank ApS Ingeborgvej 17 2920 Charlottenlund 2021-04-26 Partner Revision, statsautoriseret revisionsaktieselskab 15807776 Lars Risager Bormann statsautoriseret revisor mne46607 Torvegade 22 7330 Brande Danmark 97 18 03 66 2026-02-18 Ernst Michaelsen Regnskabsklasse B Revisionspåtegning Ja CaseWare fra Revisorgruppen Danmark anpartshaverne Brande 2026-02-18 Charlottenlund 2026-02-18 Grundlag for konklusion Konklusion -26008 -39342 -26008 -39342 2807 6950 31127 30000 -54328 -62392 -54328 -62392 -54328 -62392 5086179 5086179 5086179 5086179 5086179 5086179 51760 216400 51760 216400 5137939 5302579 0 1113000 1113000 1088249 1142577 2201249 2255577 1400000 0 1400000 0 8125 8125 1528565 3038877 1536690 3047002 2936690 3047002 5137939 5302579 0 0 1113000 1113000 1113000 1113000 0 1133340 0 1469836 0 -2603176 1142577 1204969 -54328 -62392 1088249 1142577 Today, the Board of Directors and the Managing Director have approved the annual report of Tranquebank ApS for the financial year 1 January - 31 December 2025. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Ernst Michaelsen Ernst Michaelsen Jørgen Holm We have audited the financial statements of Tranquebank ApS 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, for the Company. 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 financial position of the Company 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 OpinionWe 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’ 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 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 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 judgment and maintain professional skepticism 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 Statement Act. We did not identify any material misstatement of Management’s Review. Description of key activities of the companyLike previous years, the company's main activity is investments and other related business after management's judgement. Significant changes in the company's activities and financial mattersThere have been no significant changes in activities and financial matters. The gross loss for the year totals DKK -26.008 against DKK -39.342 last year. Profit or loss from ordinary activities after tax totals DKK -54.328 against DKK -62.392 last year. Management considers the net profit or loss for the year to be in line with expectations. The annual report for Tranquebank ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Recognition and measurement in generalIncome is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, writedowns for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems probable that future economic benefits will flow to the company and the value of the asset can be reliably measured. Liabilities are recognised in the statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Gross lossGross loss comprises the revenue, changes in inventories of finished goods, and work in progress, own work capitalised, other operating income, and external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Other external expenses comprise expenses incurred for  administration. Results from participating interestDividend from participating interest is recognised in the financial year in which the dividend is declared. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses.  Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  Investments in associates/participating interestInvestments in associates which, in the statement of financial position are presented as participating interests, are recognised and measured at cost. If the recoverable amount is lower than the cost price, it shall be written down for impairment to this lower value. Impairment loss relating to non-current assetsThe carrying amount of equity investment in participating interest are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Writedown for impairment is done to the recoverable amount if this value is lower than the carrying amount. Cash and cash equivalentsCash and cash equivalents comprise cash at bank. Liabilities other than provisionsOther liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 3.Charges and securityNone known. 4.Contractual obligations and contingencies, etc.None known.