45231283 2024-11-25 2025-12-31 45231283 2024-11-25 2025-12-31 45231283 2024-11-25 2025-12-31 1 45231283 2024-11-25 2025-12-31 2 45231283 2024-11-25 2025-12-31 1 45231283 2024-11-25 2025-12-31 2 45231283 2024-11-25 2025-12-31 3 45231283 2024-11-25 2025-12-31 1 45231283 2025-12-31 iso4217:DKK xbrli:pure 2024-11-25 2025-12-31 2026-06-03 inforevision statsautoriseret revisionsaktieselskab 2860 Søborg Buddingevej 312 Fortiv ApS 45231283 Annual report Thomas John Hart Sehested Fortiv ApS 45231283 Thomas John Hart Sehested Emil Stenbøg Pfeiffer Emil Stenbøg Pfeiffer Geeta Suresh Schmidt Thomas John Hart Sehested Sten Pedersen State Authorised Public Accountant Fortiv devel­ops and operates a Soft­ware-as-a-Ser­vice (SaaS) plat­form that helps organ­isa­tions strengthen their busi­ness con­tinu­ity and crisis pre­pared­ness through short, scen­ario‑based train­ing exer­cises. The Com­pany’s primary activ­ity is to deliver and con­tinu­ously improve this digital plat­form, includ­ing related ser­vices such as imple­ment­a­tion, advis­ory sup­port and train­ing for cus­tomers and part­n­ers. The res­ults of the com­pany's activ­it­ies in the fin­an­cial year amoun­ted to a loss of DKK -8.795.167. The equity at the bal­ance sheet date amoun­ted to DKK 13.741.911. The res­ult for the year is affected by total devel­op­ment costs of tDKK 5,174, which have been expensed in the fin­an­cial year. The Board of Dir­ect­ors and The Exec­ut­ive Board have today con­sidered and adop­ted the annual report for 25 Novem­ber 2024 - 31 Decem­ber 2025 for Fortiv ApS. Fortiv ApS 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 the com­pany's fin­an­cial pos­i­tion at 31 Decem­ber 2025 and of the res­ults of its opera­tions for the fin­an­cial year 25 Novem­ber 2024 - 31 Decem­ber 2025. We believe that the Man­age­ment's review con­tains a fair review of the affairs and condi­tions referred to therein. We still con­sider that the condi­tions to refrain audit are ful­filled. We recom­mend that the annual report be adop­ted at the Annual Gen­eral Meet­ing. Thomas John Hart Sehested Chief Executive Officer (CEO) Emil Stenbøg Pfeiffer Director Emil Stenbøg Pfeiffer Chairman Geeta Suresh Schmidt Board Member Thomas John Hart Sehested Board Member To the share­holder's in Fortiv ApS Fortiv ApS Opinion We have audited the fin­an­cial state­ments of Fortiv ApS for the fin­an­cial year 25 Novem­ber 2024 - 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 as at 31 Decem­ber 2025 and of the res­ults of the com­pany's opera­tions for the fin­an­cial year 25 Novem­ber 2024 - 31 Decem­ber 2025 in accord­ance with the Dan­ish Fin­an­cial State­ments Act. Fortiv ApS Basis for Opinion We con­duc­ted our audit in accord­ance with Inter­n­a­tional Stand­ards on Audit­ing (ISAs) and 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 this aud­itor’s report. We are inde­pend­ent of the com­pany in accord­ance with the Inter­n­a­tional Eth­ics Stand­ards Board of 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 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, for dis­clos­ing, as applic­able, mat­ters related to going con­cern, and for 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 con­tent of the fin­an­cial state­ments, includ­ing the dis­clos­ures in the notes, 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. Man­age­ment 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 Fin­an­ci­als State­ments Act.Based on the work we have per­formed, in our view, 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 in Man­age­ment’s Review. Søborg 2026-06-03 inforevision statsautoriseret revisionsaktieselskab 19263096 Sten Pedersen State Authorised Public Accountant mne23408 The annual report has been pre­pared in accord­ance with Dan­ish fin­an­cial state­ment legis­la­tion as well as gen­erally accep­ted account­ing prin­ciples. The annual report has been pre­pared in accord­ance with the pro­vi­sions of the Dan­ish Fin­an­cial State­ments Act govern­ing Reporting class B.Some pro­vi­sions from report­ing class C has been adop­ted.This is the com­pany’s first fin­an­cial year. The fin­an­cial year covers a period of 13 months. The account­ing policies applied are as described below. Reporting class B The fin­an­cial state­ments have been pre­pared based on his­t­or­ical cost.The income is recog­n­ised in the income state­ment as earned. Fur­ther­more, value adjust­ments of fin­an­cial assets and liab­il­it­ies meas­ured at fair value or amort­ised cost are recog­n­ised. Moreover, all expenses incurred to achieve the earn­ings for the year are recog­n­ised in the income state­ment, includ­ing depre­ci­a­tion, amort­isa­tion, impair­ment losses and pro­vi­sions as well as reversals due to changed account­ing estim­ates of amounts that have pre­vi­ously been recog­n­ised in the income state­ment.Assets are recog­n­ised in the bal­ance sheet when it is prob­able that future eco­nomic bene­fits attrib­ut­able to the asset 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 out of the com­pany, and the value of the liab­il­ity can be meas­ured reli­ably.Assets and liab­il­it­ies are ini­tially meas­ured at cost. Sub­sequently, assets and liab­il­it­ies are meas­ured as described for each item below.Cer­tain fin­an­cial assets and liab­il­it­ies are meas­ured at amort­ised cost, which involves the recog­n­i­tion of a con­stant effect­ive interest rate over the matur­ity period. Amort­ised cost is cal­cu­lated as ori­ginal cost less any repay­ments and with addi­tion/deduc­tion of the cumu­lat­ive amort­isa­tion of any dif­fer­ence between cost and the nom­inal amount. In this way, cap­ital losses and gains are alloc­ated over the matur­ity period.Recog­n­i­tion and meas­ure­ment take into account pre­dict­able losses and risks occur­ring before the present­a­tion of the annual report which con­firm or inval­id­ate affairs and condi­tions exist­ing at the bal­ance sheet date.The func­tional cur­rency is Dan­ish Kroner. All other cur­ren­cies are con­sidered for­eign cur­ren­cies. Dur­ing the year, trans­ac­tions in for­eign cur­ren­cies have been trans­lated apply­ing the exchange rate at the trans­ac­tion date. If cur­rency pos­i­tions are con­sidered hedge of future cash flows, the value adjust­ments are recog­n­ised dir­ectly in equity.Receiv­ables and debt denom­in­ated in for­eign cur­ren­cies have been recog­n­ised at the exchange rate of the bal­ance sheet date.Real­ised and unreal­ised exchange gains and losses have been recog­n­ised in the income state­ment under other fin­an­cial income and expenses. Gross profit/loss includes "Rev­enue""Cost of sales""Other operat­ing income""External expenses". Rev­enue regard­ing sale of soft­ware licenses and ser­vices is recog­n­ised when the cus­tomers has gained con­trol of all sig­ni­fic­ant bene­fits from the use of the soft­ware and the ser­vice has been provided to the cus­tomer. Dir­ect costs com­prise costs incurred to gen­erate the rev­enue for the year. Dir­ect costs include costs of goods pur­chased, sub­con­tract­ors, pro­ject-related ser­vices, and other costs that can be dir­ectly attrib­uted to the com­pany’s deliv­er­ies and activ­it­ies car­ried out dur­ing the fin­an­cial year. Dir­ect costs are recog­n­ised in the income state­ment in line with the recog­n­i­tion of the related rev­enue. Other operat­ing income com­prises income of a sec­ond­ary nature as viewed in rela­tion to the com­pany's primary activ­it­ies, includ­ing pay­ments received from public author­it­ies. External expenses com­prises Selling costsCost of premisesAdmin­is­trat­ive expenses. Staff costs include wages and salar­ies includ­ing hol­i­day pay and pen­sions and other social secur­ity costs etc. to the com­pany's employ­ees. Fin­an­cial income is recog­n­ised with amounts con­cern­ing the fin­an­cial year. Fin­an­cial income com­prise real­ised and unreal­ised exchange gains. Fin­an­cial expenses is recog­n­ised with amounts con­cern­ing the the fin­an­cial year. Fin­an­cial expenses com­prise interest and real­ised and unreal­ised exchange losses. The bal­ance sheet has been presen­ted in account form. Depos­its recog­n­ised as fixed assets are meas­ured at amort­ised cost, which usu­ally cor­responds to nom­inal amount. Receiv­ables are meas­ured in the bal­ance sheet at the lower of amort­ised cost and net real­is­able value, which cor­responds to nom­inal value less pro­vi­sions for bad debts. Pro­vi­sions for bad debts are determ­ined on the basis of an indi­vidual assess­ment of each receiv­able. Pre­pay­ments com­prise costs incurred relat­ing to sub­sequent fin­an­cial years. Increases of the the share cap­ital is recog­n­ised dir­ectly into equity less related trans­ac­tion cost. Deferred tax is meas­ured using the bal­ance sheet liab­il­ity method. Pro­vi­sion has been made for deferred tax by 22% on all tem­por­ary dif­fer­ences between car­ry­ing amount and tax-based value of assets and liab­il­it­ies. Deferred tax is also meas­ures with respect of the planned use of the asset and the set­tle­ment of the liab­il­ity. The tax value of the tax losses to be car­ried for­ward are included in the cal­cu­la­tion of deferred taxes if it is prob­able that the losses can be used. Deferred tax assets are meas­ured at net real­is­able value.Deferred tax assets which are not expec­ted util­ised within a few years have been dis­closed in notes under con­tin­gent assets.Cor­por­a­tion tax relat­ing to the the fin­an­cial year which has not been settled at the bal­ance sheet date is clas­si­fied as cor­por­a­tion tax in receiv­ables or liab­il­it­ies other than pro­vi­sions. Short-term debts are meas­ured at amort­ised cost, sub­stan­tially cor­respond­ing to nom­inal value. -2334179 6420827 3234 43395 -8795167 0 -8795167 -8795167 311499 311499 311499 101250 11329526 32100 11462876 2977386 14440262 14751761 50680 13691231 13741911 35417 153881 820552 1009850 1009850 14751761  Con­trib­uted cap­italRetained earn­ingsTotal DKKDKKDKK    Equity at 25 Novem­ber 202440.000040.000Cap­ital increase10.68022.486.39822.497.078Dis­trib­uted profit/loss for the year -8.795.167-8.795.167Equity at 31 Decem­ber 202550.68013.691.23113.741.911    2024/25 DKK  Wages and salar­ies6.074.372Other social secur­ity costs42.469Other staff cost303.986Total6.420.827  Average num­ber of full-time employ­ees13     6074372 42469 303986 13     Deferred taxTax on profit/loss for the year DKKDKK   Pay­ables at 25 Novem­ber 20240 Tax on profit/loss for the year00Pay­ables at 31 Decem­ber 20250 Tax on profit/loss for the year recog­n­ised in the income state­ment 0  Depos­itsTotal DKKDKK   Addi­tions for the year311.499311.499Cost at 31 Decem­ber 2025311.499311.499   Car­ry­ing amount at 31 Decem­ber 2025311.499311.499    2024/25 DKK  Unre­cog­n­ised deferred tax assets due to tax losses car­ried for­ward and tax depre­ci­a­tion below account­ing depre­ci­a­tion on fix­tures, fit­t­ings, tools and equip­ment1.882.941    2024/25 DKK  The com­pany has entered into rental com­mit­ment regard­ing rent of premises. The rental con­tract is non-termin­able until 28/2 2027. The total com­mit­ment rep­res­ents883.371Total rental and lease oblig­a­tions883.371 Revisionspåtegning 19263096 inforevision statsautoriseret revisionsaktieselskab Buddingevej 312 2860 Søborg 2026-06-03 2024-11-25 2025-12-31