33393237 2025-01-01 2025-12-31 33393237 2025-01-01 2025-12-31 1 33393237 2025-01-01 2025-12-31 2 33393237 2025-01-01 2025-12-31 1 33393237 2024-01-01 2024-12-31 33393237 2025-12-31 33393237 2024-12-31 33393237 2024-12-31 fsa:ContributedCapitalMember 33393237 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 33393237 2024-12-31 fsa:RetainedEarningsMember 33393237 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 33393237 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 33393237 2025-01-01 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember 33393237 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 33393237 2025-01-01 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 33393237 2025-12-31 fsa:ContributedCapitalMember 33393237 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 33393237 2025-12-31 fsa:RetainedEarningsMember 33393237 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember iso4217:DKK xbrli:pure Annual report 2026-06-30 Rosanne van den Bosch The Executive Board has today considered and approved the annual report of Rosan Bosch ApS for the financial year 01.01.2025 - 31.12.2025. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025 and of the results of its operations for the financial year 01.01.2025 - 31.12.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend the annual report for adoption at the Annual General Meeting. Copenhagen Farid Fellah Rosanne van den Bosch To the shareholders of Rosan Bosch ApS We have performed an extended review of the financial statements of Rosan Bosch ApS for the ​financial year 01.01.2025 - 31.12.2025, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​​​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​​financial position at 31.12.2025 and of the results of its operations for the financial year 01.01.2025 - 31.12.2025 in accordance with the Danish Financial Statements Act. We conducted our extended review in accordance with the assurance engagement standard for small enterprises ​as issued by the Danish Business Authority and the standard on extended review of financial statements ​prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. 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 Entity’s ability to continue ​as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements. Management is responsible for the management commentary. ​​Our conclusion on the financial statements does not cover the management commentary, and we do not express ​any form of assurance conclusion thereon. ​​In connection with our extended review of the financial statements our responsibility is to read the management ​commentary and, in doing so, consider whether the management commentary is materially inconsistent ​with the financial statements or our knowledge obtained in the extended review or otherwise appears to be ​materially misstated. ​​Moreover, it is our responsibility to consider whether the management commentary provides the information ​required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with ​financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary. Copenhagen Deloitte Statsautoriseret Revisionspartnerselskab 33963556 René Carøe Andersen State Authorised Public Accountant mne34499 Primary activitiesRosan Bosch Studio ApS is dedicated to empowering and motivating learners worldwide. We achieve this by creating holistic learning environments that motivate individuals to engage in lifelong learning. Our services include designing innovative learning spaces, both indoors and outdoors, as well as campuses and educational master plans. Additionally, we develop educational practices through consultancies. Development in activities and financesThe income statement for 2025 shows a deficit after tax of TDKK 651. The balance sheet shows equity of TDKK 2,689, representing a decrease compared to 2024. Although international markets in some regions are experiencing growth, certain projects have been affected by geopolitical turmoil and have been put on hold due to financial uncertainty. This has had a negative impact on the results for the year. In 2025, 99% of turnover was derived from international clients. A positive development is expected in 2026. ​ ​Rosan Bosch Studio ApS maintains a strong international position and is renowned for its unique and visionary approach to the design of learning environments. In 2025, several projects designed by Rosan Bosch Studio ApS received international awards. The interior design of Klim-Op Zandbergen school in Belgium was named best interior project in the education category at the World Architecture Festival. ​ ​In 2025, the projects included client consultancy and the development of strategic master plans, campus areas, schools, universities, libraries, exhibitions, and other knowledge-sharing spaces. In 2025, Rosan Bosch Studio won​its first major project in Africa, which is expected to become a strongly growing market in the coming years. During the year, Rosan Bosch Studio worked on projects in Abu Dhabi, Belgium, Denmark, Ethiopia, Germany, Guatemala, Jamaica, Mexico, the Netherlands, Norway, Peru, Portugal, Qatar, Spain, Saudi Arabia, Switzerland, Taiwan, Thailand, Uruguay, and the United States. From its studios in Copenhagen and Madrid, Rosan Bosch Studio will continue to work with ambitious clients worldwide. ​ ​In addition to several primary and secondary school projects designed in 2025, a number of projects concerning the development of educational practices were executed. Strategic consultancy is expected to be a growing market for Rosan Bosch Studio ApS in the future. ​ ​To strengthen its holistic and multidisciplinary approach, Rosan Bosch Studio ApS continues to collaborate with international research institutions, organizations, and relevant professionals. In the years ahead, these collaborations are expected to be developed further. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date that would influence the evaluation of this annual report. 11703813 12279210 12138941 12069107 71521 144193 -506649 65910 -54913 188010 14749 5024 9526 9159 245175 114088 -801514 135697 -150957 -37610 -650557 173307 0 173307 -650557 0 -650557 173307 0 0 0 0 8975 18990 132576 138640 141551 157630 215050 458077 531002 518850 746052 976927 887603 1134557 1863342 5177363 2383144 829936 0 12652 264648 260990 7688 2568 395917 254836 4914739 6538345 1364600 1495992 6279339 8034337 7166942 9168894 80000 80000 192670 435697 2416509 2823666 0 173307 2689179 3512670 1185385 1328654 1185385 1328654 1594369 3447725 506194 408429 956465 238141 411 411 234939 232864 3292378 4327570 3292378 4327570 7166942 9168894 80000 435697 2823666 173307 3512670 0 173307 173307 0 -373 0 0 -373 -243400 -407157 0 -650557 80000 192670 2416509 0 2689179 1 Staff costs2025​DKK2024​DKKWages and salaries11,324,47611,112,578Pension costs596,725767,884Other social security costs217,740188,64512,138,94112,069,107Average number of full-time employees2325 23 25 2 Other financial income ​2025​DKK2024​DKKOther financial income14,7495,02414,7495,024 3 Other financial expenses2025​DKK2024​DKKOther interest expenses(1)41Exchange rate adjustments233,85097,811Other financial expenses11,32616,236245,175114,088 4 Tax on profit/loss for the year2025​DKK2024​DKKChange in deferred tax(143,269)(35,042)Refund in joint taxation arrangement(7,688)(2,568)(150,957)(37,610) 5 Intangible assetsGoodwill​DKKCost beginning of year200,000Cost end of year200,000Amortisation and impairment losses beginning of year(200,000)Amortisation and impairment losses end of year(200,000)Carrying amount end of year0 6 Property, plant and equipmentOther fixtures and fittings, tools and equipment​DKKLeasehold improvements​DKKCost beginning of year584,951351,461Additions055,442Cost end of year584,951406,903Depreciation and impairment losses beginning of year(565,961)(212,821)Depreciation for the year(10,015)(61,506)Depreciation and impairment losses end of year(575,976)(274,327)Carrying amount end of year8,975132,576 7 Financial assetsInvestments in group enterprises​DKKDeposits​DKKCost beginning of year22,380518,850Additions012,152Cost end of year22,380531,002Revaluations beginning of year435,6970Exchange rate adjustments3730Share of profit/loss for the year(54,913)0Dividend(188,487)0Revaluations end of year192,6700Carrying amount end of year215,050531,002Investments in subsidiariesRegistered inCorporate formEquity​interest​%Equity​DKKProfit/loss​DKKRosan Bosch Studio Spain S.L​2021S.L.100215,050(188,487) 8 Contract work in progress2025​DKK2024​DKKContract work in progress41,887,37629,732,680Progress billings regarding contract work in progress(41,098,601)(32,350,469)Transferred to liabilities other than provisions1,594,3693,447,7252,383,144829,936 9 Other unrecognised commitmentsUnrecognised rental and lease commitments2025​DKK2024​DKKLiabilities under rental or lease agreements until maturity in total1,255,804519,655 10 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements. 11 Assets charged and collateralBank loans are secured by way of a deposited mortgage deed registered to the mortgagor on intangible assets and plant and equipment of DKK 500.000 nominal. This annual report has been presented in accordance with the provisions of the Danish Financial Statements ​Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year. Consolidated financial statementsReferring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic ​benefits will flow to the Entity, and the value of the asset can be measured reliably. ​​Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a ​result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the ​value of the liability can be measured reliably. ​​On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial ​recognition is effected as described below for each financial statement item. ​​Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm ​or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and ​measurement. ​​Income is recognised in the income statement when earned, whereas costs are recognised by the amounts ​attributable to this financial year. Gross profit or lossGross profit or loss comprises revenue, cost of sales and external expenses. RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Contract work in progress is included in revenue based on the stage of completion so that revenue corresponds to the selling price of the work performed in the financial year (the percentage-of-completion method). Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary ​activities, including salary refunds. Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns. Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for ​premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of ​receivables recognised in current assets. Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff. Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of property, plant and equipment. Income from investments in group enterprisesIncome from investments in group enterprises comprises dividends etc. received from the individual group enterprises in the financial year. Other financial incomeOther financial income comprises interest income etc. Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc. from payables to group enterprises.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​enterprises. Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the ​income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses). GoodwillGoodwill is the positive difference between cost and fair value of assets and liabilities arising from acquisitions. Goodwill is amortised straight-line over its estimated useful life, which is fixed based on the experience gained by Management for each business area. Useful lives are reassessed annually. The amortisation periods used are 5-10 years.​ ​Goodwill is written down to the lower of recoverable amount and carrying amount. Property, plant and equipmentPlant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.​​Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment3-5 yearsLeasehold improvements5-7 years​Estimated useful lives and residual values are reassessed annually. ​​Items of property, plant and equipment are written down to the lower of recoverable amount and carrying ​amount. Investments in group enterprisesInvestments in group enterprises are recognised and measured according to the equity method. This means that investments are measured at the pro rata share of the enterprises’ equity value plus unamortised goodwill and plus or minus unrealised intra-group profits or losses. ​ ​Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred to reserve for net revaluation according to the equity method in equity. ​ ​Investments in group enterprises are written down to the lower of recoverable amount and carrying amount. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and ​doubtful debts. Contract work in progressContract work in progress is measured at the selling price of the work carried out at the balance sheet date.​​The selling price is measured based on the stage of completion and the total estimated income from the ​individual contracts in progress. Usually, the stage of completion is determined as the ratio of actual to total ​budgeted consumption of resources.​​Each contract in progress is recognised in the balance sheet under receivables or liabilities other than provisions, ​depending on whether the net value, calculated as the selling price less prepayments received, is positive or negative. Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at ​cost. CashCash comprises bank deposits. DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for ​the financial year is disclosed as a separate item in equity. Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. ​​Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at ​their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. true Grundlag for konklusion Konklusion 2026-06-30 2026-06-30 true 2024-01-01 2024-12-31 København S 2300 6 Weidekampsgade København København K 1411 Regnskabsklasse B Erklæring om udvidet gennemgang 2025-12-31 2025-01-01 16B Langebrogade Rosan Bosch ApS 33393237 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab