38973371 2025-01-01 2025-12-31 2 38973371 2025-01-01 2025-12-31 3 38973371 2025-01-01 2025-12-31 6 38973371 2025-01-01 2025-12-31 38973371 2025-01-01 2025-12-31 1 38973371 2024-01-01 2024-12-31 38973371 2025-12-31 38973371 2024-12-31 38973371 2025-01-01 d:CompletedDevelopmentProjectsMember 38973371 2025-01-01 2025-12-31 d:CompletedDevelopmentProjectsMember 38973371 2025-12-31 d:CompletedDevelopmentProjectsMember 38973371 2025-01-01 d:FixturesFittingsToolsAndEquipmentMember 38973371 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 38973371 2025-01-01 d:DepositsLongtermInvestmentsAndReceivablesMember 38973371 2025-01-01 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 38973371 2025-12-31 d:DepositsLongtermInvestmentsAndReceivablesMember 38973371 2025-12-31 d:OtherLongtermPayablesMember 38973371 2025-01-01 d:ContributedCapitalMember 38973371 2024-01-01 d:ContributedCapitalMember 38973371 2025-12-31 d:ContributedCapitalMember 38973371 2024-12-31 d:ContributedCapitalMember 38973371 2025-01-01 d:ReserveForDevelopmentExpenditureMember 38973371 2024-01-01 d:ReserveForDevelopmentExpenditureMember 38973371 2025-01-01 2025-12-31 d:ReserveForDevelopmentExpenditureMember 38973371 2024-01-01 2024-12-31 d:ReserveForDevelopmentExpenditureMember 38973371 2025-12-31 d:ReserveForDevelopmentExpenditureMember 38973371 2024-12-31 d:ReserveForDevelopmentExpenditureMember 38973371 2025-01-01 d:RetainedEarningsMember 38973371 2024-01-01 d:RetainedEarningsMember 38973371 2025-01-01 2025-12-31 d:RetainedEarningsMember 38973371 2024-01-01 2024-12-31 d:RetainedEarningsMember 38973371 2025-12-31 d:RetainedEarningsMember 38973371 2024-12-31 d:RetainedEarningsMember 38973371 2025-01-01 2025-12-31 1 38973371 2025-01-01 2025-12-31 1 38973371 2025-01-01 2025-12-31 2 38973371 2025-01-01 2025-12-31 3 38973371 2025-01-01 2025-12-31 4 38973371 2025-01-01 2025-12-31 5 38973371 2023-01-01 2023-12-31 38973371 2022-01-01 2022-12-31 38973371 2021-01-01 2021-12-31 38973371 2023-12-31 38973371 2022-12-31 38973371 2021-12-31 38973371 2025-01-01 2025-12-31 1 38973371 2024-01-01 2024-12-31 1 38973371 2023-01-01 2023-12-31 1 38973371 2022-01-01 2022-12-31 1 38973371 2021-01-01 2021-12-31 1 iso4217:DKK xbrli:pure Årsrapport 14119299 PKF Munkebo Eriksen Funch, Statsautoriseret Revisions­aktie­selskab Hovedvejen, 56 2600, Glostrup 2024-01-01 2024-12-31 2025-01-01 2025-12-31 38973371 Patentrenewal.com ApS Otto Busses Vej 5 2450 København SV 2017-09-29 København Kommune Danske Bank Bernstorffsgade 40 1577 København V PKF Munkebo Eriksen Funch, Statsautoriseret Revisions­aktie­selskab 14119299 Thomas Funch Statsautoriseret revisor mne47782 Hovedvejen 56 2600 Glostrup Danmark 43 96 06 56 pkf@pkf.dk 2026-06-16 Mads Viborg Jørgensen Regnskabsklasse B Revisionspåtegning Ja CaseWare fra Revisorgruppen Danmark anpartshaverne Glostrup 2026-06-16 Copenhagen 2026-06-16 Grundlag for konklusion Konklusion The key figures appearing from the survey have been calculated as follows:Acid test ratio                  Current assets x 100                 / Short term liabilities other than provisionsSolvency ratio Equity, closing balance x 100 / Total assets, closing balance 6917328 4940873 18720863 18153754 2890578 2083746 10175 0 -14704288 -15296627 64292 16803 2854403 1391154 -17494399 -16670978 -1267418 -991207 -16226981 -15679771 -18465905 -17569499 2238924 1889728 13841420 10971005 13841420 10971005 538460 531320 538460 531320 14379880 11502325 1202991 12651 1267418 991207 112744 35964 6819 74424 2589972 1114246 5693143 6274313 8283115 7388559 22662995 18890884 0 99531 99531 10796308 8557384 -40281055 -21813007 -29385216 -13156092 30750788 21190904 30750788 21190904 1562792 800000 12261213 4795504 4122545 2819163 305967 100623 3044906 2340782 21297423 10856072 52048211 32046976 22662995 18890884 18012833 17512976 387562 294853 320468 345925 18720863 18153754 29 31 18380725 5760993 24141718 7409720 2890578 10300298 13841420 28615 28615 28615 28615 531320 7140 538460 538460 1562792 0 99531 99531 99531 99531 8557384 6667656 2238924 1889728 10796308 8557384 -21813007 -4243508 -18465905 -17569499 -2143 0 -40281055 -21813007 Today, the Board of Directors and the Managing Director have approved the annual report of Patentrenewal.com ApS for the financial year 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. Mads Viborg Jørgensen Mads Johnsen Søren Hoelgaard Justesen Jesper Ohrt Juel Jensen Mads Viborg Jørgensen Juha-Pekka Arala We have audited the financial statements of Patentrenewal.com 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. 964000 4686000 4441000 -13075000 -2251000 -388000 -2790000 -1374000 -661000 -192000 -252000 -12901000 -1883000 -217000 16511000 8881000 8243000 0 0 0 0 0 2524000 559000 942000 24 14 10 38.9 68.1 102.2 53.8 90.3 -129.7 -69.6 15.3 6.3 11.4 Description of key activities of the companyLike previous years, the activities are the development of a web based software, where access to the software will be licensed to customers and in relation here to providing the service to handle and automate processes related to customers intellectual property rights, and other receivables in connection there to. Treasury sharesThe enterprise’s holding of treasury shares is 9.181 shares at DKK 1 each, corresponding to 9,22% of the contributed capital. Capital lossThe company has lost the equity and is thereby included in the regulation of the Danish Company Act. art. 119. It is the management's expectation that the equity will be reestablished through future earnings or a capital increase. Events occurring after the end of the financial yearNo events have occured subsequent to the balance sheet date, which would have material impact on the financial position of the company. The annual report for Patentrenewal.com 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, write-downs 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. Certain financial assets and liabilities are measured at amortised cost, allowing a constant effective interest rate to be recognised during the useful life of the asset or liability. Amortised cost is recognised as the original cost less any payments, plus/less accrued amortisations of the difference between cost and nominal amount. In this way, capital losses and gains are allocated over the useful life of the liability. 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. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Gross profitGross profit comprises the revenue, direct costs, own work capitalised, other operating income and other external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Direct costs comprises costs concerning the revenue. Own work capitalisedOwn work capitalised includes staff cost and other internal costs incurred during the financial year and recognised in the cost of proprietary intangible and tangible fixed assets. Other operating income comprises items of a secondary nature as regards the principal activities of the enterprise, including profit from the disposal of intangible and tangible assets, operating loss and conflict compensation as well as salary reimbursements received. Compensation is recognized when it is overwhelmingly probable that the company will receive the compensation. Other external expenses comprise expenses incurred for sales, administration and premises. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of intangible and tangible assets, respectively. Other operating expensesOther operating expenses comprise items of secondary nature as regards the principal activities of the enterprise. 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, as well as debt and transactions in foreign currency. 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.  Intangible assetsDevelopment projects, patents, and licencesDevelopment costs comprise salaries, wages, and amortisation directly attributable to development activities. Clearly defined and identifiable development projects are recognised as intangible assets provided that they are proven to be technically practicable, that sufficient resources and a potential market or development opportunity exist, and insofar as the intention is to produce, market or utilise the project. It is, however, a condition that the cost can be reliably calculated and that a sufficiently high degree of certainty indicates that future earnings will cover the costs of production, sales, and administration. Other development costs are recognised in the income statement concurrently with their realisation. Development costs recognised in the statement of financial position are measured at cost less accrued amortisations and write-downs for impairment. After completion of the development work, capitalised development costs are amortised on a straight-line basis over the estimated useful economic life. The amortisation period is usually 10 years. Profit and loss from the sale of development projects, patents, and licenses are measured as the difference between the sales price less sales costs and the carrying amount at the time of sale. Profit or loss are recognised in the income statement as other operating income or other operating expenses, respectively. Property, plant, and equipmentProperty, plant, and equipment are measured at cost less accrued depreciation and write-down for impairment. The depreciable amount is cost less any expected residual value after the end of the useful life of the asset. The amortisation period and the residual value are determined at the acquisition date and reassessed annually. If the residual value exceeds the carrying amount, the depreciation is discontinued. If the amortisation period or the residual value is changed, the effect on amortisation will, in future, be recognised as a change in the accounting estimates. The cost comprises acquisition cost and costs directly associated with the acquisition until the time when the asset is ready for use. The cost of a total asset is divided into separate components. These components are depreciated separately, the useful lives of each individual components differing, and the individual component representing a material part of the total cost. Depreciation is done on a straight-line basis according to an assessment of the expected useful life: Useful lifeOther fixtures and fittings, tools and equipment3-5years Minor assets with an expected useful life of less than 1 year are recognised as costs in the income statement in the year of acquisition. Profit or loss derived from the disposal of property, land, and equipment is measured as the difference between the sales price less selling costs and the carrying amount at the date of disposal. Profit or loss is recognised in the income statement as other operating income or other operating expenses. LeasesAll leases are regarded as operating leases. Payments in connection with operating leases and other lease agreements are recognised in the income statement for the term of the contract. The company's total liabilities concerning operating leases and lease agreements are recognised under contingencies, etc. DepositsDeposits are measured at amortised cost and represent lease deposits, etc. ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired. If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. PrepaymentsPrepayments recognised under assets comprise incurred costs concerning the following financial year. Cash and cash equivalentsCash and cash equivalents comprise cash at bank. EquityTreasury sharesPurchase prices and sales prices of own shares are recognised directly in equity. The capital reduction arising from the cancellation of own shares will reduce the share capital by an amount corresponding to the nominal value of the shares and increase the results brought forward, respectively. The dividend of own shares is recognised directly in equity under retained earnings. Share premiumShare premium comprises premium payments made in connection with the issue of shares. Costs incurred for carrying through an issue are deducted from the premium. The premium reserve can be used for dividend, for issuing bonus shares, and for covering losses. Reserve for development costsThe reserve for development costs comprises recognised development costs less related deferred tax liabilities. The reserve cannot be used as dividends or for covering losses. The reserve is reduced or dissolved if the recognised development costs are amortised or abandoned. This is done by direct transfer to the distributable reserves of the equity. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisionsOther liabilities concerning payables to suppliers and other payables are measured at amortised cost which usually corresponds to the nominal value. 8.Charges and securityFor loans from EIFO, t.DKK 10.408, the company has provided security in company assets representing a nominal value of t.DKK 7.250. This security comprises the assets below, stating the carrying amounts: DKK in thousands Completed development projects, including patents and similar rightsarisingfrom development projects13.841 Trade receivables1.203 9.Contractual obligations and contingencies, etc.Contingent assetsA deferred tax asset of t.DKK 7.935 has not been recognised due to uncertainty regarding future usage. Contractual obligations and contingent liabilitiesRental liabilities:The company has entered into a tenancy agreement. The company has a rental commitment of t.DKK 423 as of 31 December 2025.