Beta. Regnskaber, ledelse og koncernforhold hentes fra årsrapporterne hos Erhvervsstyrelsen. Registrerede ejere og søgning på personer kommer, når Tjekker får adgang til dem.
Investering for egen regning
CVR 41 32 47 08KommanditselskabKøbenhavn KStiftet 2020
The object of the limited partnership is to generate income and capital appreciation by making investments.
Oplysningerne er hentet 9. november 2026.
De vigtigste poster fra de seneste 6 regnskabsår. Tryk på en post for at se, hvad den betyder
| Post | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | Ændring2024-2025 |
|---|---|---|---|---|---|---|---|
| Resultat | |||||||
| -51.000 | -45.000 | -53.000 | -59.000 | -101.000 | -48.000 | - | |
| -61.000 | 670.000 | 0 | 100.000 | -14.000 | -68.000 | - | |
| -61.000 | 670.000 | 0 | 100.000 | -14.000 | -68.000 | - | |
| Balance | |||||||
| 5,8 mio. | 5,1 mio. | 3,4 mio. | 2,4 mio. | 1,0 mio. | 290.000 | +13,8% | |
| 139.000 | 592.000 | 63.000 | 156.000 | 98.000 | 290.000 | −76,5% | |
| 5,4 mio. | 5,1 mio. | 3,4 mio. | 2,4 mio. | 976.000 | 252.000 | +6,6% | |
| 370.000 | 6.000 | 7.000 | 7.000 | 49.000 | 38.000 | +6.066,7% | |
| 370.000 | 6.000 | 7.000 | 7.000 | 49.000 | 38.000 | +6.066,7% | |
| Pengestrømme og ansatte | |||||||
| 0 | 0 | - | 0 | 0 | 0 | - | |
| Nøgleforhold (beregnet af Tjekker) | |||||||
| 93,6% | 99,9% | 99,8% | 99,7% | 95,2% | 86,9% | −6,3 pp | |
| -1,2% | 15,9% | 0,0% | 5,9% | -2,3% | - | −17,1 pp | |
Kilde: årsrapporterne hos Erhvervsstyrelsen. Virksomheden oplyser kun bruttofortjeneste, ikke omsætning. Det må mindre virksomheder.
Det seneste regnskabsår, 2025, i to figurer
Virksomheden oplyser ikke sin omsætning, kun bruttofortjenesten. Det må mindre virksomheder gerne.
| Omsætning | Ikke oplyst |
|---|---|
| Bruttofortjeneste | -51.000 EUR |
| Driftsresultat | -61.000 EUR |
| Resultat før skat | Ikke oplyst |
| Årets resultat | -61.000 EUR |
Af hver 100 EUR, virksomheden ejer, er 94 EUR betalt af ejerne selv og 6 EUR lånt eller skyldt til andre.
| Aktiver i alt | 5,8 mio. EUR |
|---|---|
| Egenkapital | 5,4 mio. EUR |
| Gæld og forpligtelser | 370.000 EUR |
Regnskabsårene 2020-2025
| Post | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Bruttofortjeneste | -48.000 | -101.000 | -59.000 | -53.000 | -45.000 | -51.000 |
| Årets resultat | -68.000 | -14.000 | 100.000 | 0 | 670.000 | -61.000 |
Beløb i EUR som indberettet
26 poster fra 6 regnskabsår
| Post | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Resultat | ||||||
| Bruttofortjeneste | -51.000 | -45.000 | -53.000 | -59.000 | -101.000 | -48.000 |
| Gains losses from current value adjustments of other investment assets | -10.000 | 715.000 | 53.000 | 159.000 | 87.000 | -20.000 |
| Resultat af primær drift | -61.000 | 670.000 | 0 | 100.000 | -14.000 | -68.000 |
| Årets resultat | -61.000 | 670.000 | 0 | 100.000 | -14.000 | -68.000 |
| Overført til overført resultat | -61.000 | 670.000 | 0 | 100.000 | - | - |
| Increase of capital | 757.000 | 1,2 mio. | 1,0 mio. | 1,4 mio. | 738.000 | - |
| Extraordinary distributions statement of changes in equity | 363.000 | |||||
Fra årsrapporten for 2025, i virksomhedens egne ord
Primary activitiesThe object of the limited partnership is to
generate income and capital appreciation
by making investments.
Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of
this annual report.
Supplementary reportsSupplementary report on disclosures in accordance with the SFDR etc.
The financial product is classified as being a financial product referred to in Article 8 (1) of Regulation (EU)
2019/2088 on transparency of the promotion of environmental or social characteristics disclosures in the
fi
nancial services sector, having promoted E/S characteristics, but not made any sustainable investments.
The product level periodic disclosure - Annex IV of the Regulation (EU) 2019/2088, is found in Appendix 1.
The Limited Partners have commited themselves to contributing up to EUR6,060 thousand into the Fund, when new
capital is required for making investments, paying fund costs etc. Of the total committed capital, the Limited Partners have paid-in EUR 5,335 thousand at 31.12.2025, and EUR 485 thousand has been distributed as recallable distributions causing the remaining contribution balance to be EUR 1,210 thousand.
De originale dokumenter hos Erhvervsstyrelsen
Årsrapport 2025
Offentliggjort 11.06.2026
Årsrapport 2024
Offentliggjort 10.06.2025
Årsrapport 2023
Offentliggjort 12.06.2024
Årsrapport 2022
Offentliggjort 19.06.2023
Årsrapport 2021
Offentliggjort 24.06.2022
Årsrapport 2020
Offentliggjort 28.05.2021
| 120.000 |
| -44.000 |
| - |
| - |
| - |
| Extraordinary dividend paid | - | - | - | -43.000 | - | - |
|---|
| Balance | ||||||
|---|---|---|---|---|---|---|
| Andre værdipapirer og kapitalandele | 5,6 mio. | 4,5 mio. | 3,3 mio. | 2,2 mio. | 927.000 | 0 |
| Finansielle anlægsaktiver | 5,6 mio. | 4,5 mio. | 3,3 mio. | 2,2 mio. | 927.000 | 0 |
| Anlægsaktiver | 5,6 mio. | 4,5 mio. | 3,3 mio. | 2,2 mio. | 927.000 | 0 |
| Likvide beholdninger | 139.000 | 592.000 | 2.000 | 149.000 | 54.000 | 220.000 |
| Omsætningsaktiver | 139.000 | 592.000 | 63.000 | 156.000 | 98.000 | 290.000 |
| Aktiver i alt | 5,8 mio. | 5,1 mio. | 3,4 mio. | 2,4 mio. | 1,0 mio. | 290.000 |
| Virksomhedskapital | 5,3 mio. | 4,6 mio. | 3,4 mio. | 2,4 mio. | 1,1 mio. | 320.000 |
| Overført resultat | 57.000 | 481.000 | -69.000 | -25.000 | -82.000 | -68.000 |
| Egenkapital | 5,4 mio. | 5,1 mio. | 3,4 mio. | 2,4 mio. | 976.000 | 252.000 |
| Anden gæld, kortfristet | 370.000 | 6.000 | 7.000 | 7.000 | 49.000 | 15.000 |
| Kortfristede gældsforpligtelser | 370.000 | 6.000 | 7.000 | 7.000 | 49.000 | 38.000 |
| Gældsforpligtelser i alt | 370.000 | 6.000 | 7.000 | 7.000 | 49.000 | 38.000 |
| Passiver i alt | 5,8 mio. | 5,1 mio. | 3,4 mio. | 2,4 mio. | 1,0 mio. | 290.000 |
| Andre tilgodehavender | - | 0 | 61.000 | 7.000 | 44.000 | 70.000 |
| Tilgodehavender | - | 0 | 61.000 | 7.000 | 44.000 | 70.000 |
| Leverandører af varer og tjenesteydelser | - | - | - | - | 0 | 23.000 |
| Other shortterm payables | - | - | - | - | - | 15.000 |
| Andre tal | ||||||
|---|---|---|---|---|---|---|
| Gennemsnitligt antal ansatte | 0 | 0 | - | 0 | 0 | 0 |
Kilde: årsrapporterne hos Erhvervsstyrelsen. Beløb i EUR, afrundet, som indberettet. En streg betyder, at tallet ikke er oplyst. Poster uden dansk navn står, som de hedder i indberetningen. Tal, der er fordelt på fx egenkapitalens kolonner, står i selve årsrapporten.
1 Financial assetsThe unlisted equities consist solely of the Company's ownership shares in a diversified alternative investment
fund which, in turn, holds ownership of shares in alternative investment funds within the private equity,
infrastructure, and real estate sectors (“portfolio fund”).
The Company has through its investment in a portfolio fund ownership of solely unlisted investments. The
Company does not posses controlling or significant influence on the portfolio fund in which the Company has
invested.
As a part of the compilation of the annual report, Management assesses the fair value principles and accounting
estimates of the portfolio fund, and evaluate if the applied principles are fair, based upon management
experience and knowledge regarding the specific portfolio fund. Given the nature of the unlisted equities the
valuation is inherently associated with uncertainty, and the final valuation or sale price of the investments held by
the portfolio fund, will depend on the future developments in market and specific factors, including earnings,
interest rates, foreign exchange, etc.
The unrealised fair value adjustments recognized in this annual report is a result of the performance and
valuation of the portfolio fund. Annually the Company receives audited financial statements by an independent
auditor from the portfolio fund, which serve as the basis for the year-end valuation.
Neither Management nor the Company has any influence on the fair value assessments in the portfolio fund, and
since the fair value is based upon audited figures, no quantitative inputs can be disclosed. The portfolio fund in
which the Company has invested use common accepted guidelines for measuring the fair value. The fair value
measuring of the investments held by the portfolio fund are made by the manager of the portfolio fund. The fair
value of all investments held by the Company are based on level 3 in the fair value hierarchy (unobservable
inputs) under IFRS.
For further considerations see accounting policies.
2 EmployeesThe Entity has no employees other than the Executive Board and the Board of Directors.
The Executive Board and Board of Directors have not received any remuneration.
According to paragraph 61 section 3 (5 and 6) of the Alternative Investment Fund Managers etc. Act, alternative investment funds must disclose information about the total remuneration of the entire staff of the Fund Manager
and the number of beneficiaries. Furthermore, remuneration to material risk-takers must be disclosed.
The Fund Manager must also disclose the information necessary to provide an understanding of the risk profile of the Fund and the measures that the Fund Manager takes to avoid or manage conflicts of interest between the Fund Manager and the Limited Partners. The Board of Directors has adopted a remuneration policy in order to ensure that the employees and Management are remunerated according to the Danish Executive Order on remuneration policy and disclosure requirements on remuneration for managers of alternative investment funds,etc.
In accordance with paragraph 61 section 3 (5 and 6) of the Alternative Investment Fund Managers etc. Act,information regarding salaries paid to employees of the Fund Manager is disclosed in the Annual Report for Nordic Investment Opportunities A/S, Business Reg. No. 39 78 55 95.
20252024Average number of full-time employees00
3
Fair value informationUnlisted equitiesEUR'000Fair value end of year5,621Unrealised fair value adjustments recognised in the income statement(10)
4 Contingent liabilitiesThe Company has made one commitment in one investment portfolio fund and is liable for all unncalled
commitments.The commitment amount in EUR is 6,060 thousand and uncalled commitment in EUR is 1,210 thousand.
5 Assets charged and collateralAn agreement has been made regarding short-term financing, where remaining committed capital is provided as collateral.
The Executive Board has today considered and approved the annual report of Nordic Investment Opportunities VSO Feeder II K/S 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 31.12.2025and 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.Furthermore, the supplementary report has been prepared in accordance with the Sustainable Finance Disclosure Regulation (SFDR) and contains a fair review of the affairs and conditions referred to therein.
Furthermore, the supplementary report on disclosures in accordance with SFDR has been prepared in accordance with the Sustainable Finance Disclosure Regulation (SFDR) and contains a fair review of the affairs and conditions referred to therein.
We recommend the annual report for adoption at the Annual General Meeting.
We have audited the financial statements of Nordic Investment Opportunities VSO Feeder II K/S for the financial year01.01.2025 -
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.
In our opinion, the financial statements give a true and fair view of the Entity’s financial position at31.12.2025and 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 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 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 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 Entity’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 Entity 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 Entity’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 Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
The Management is responsible for the management commentary, as well as for the supplementary report on disclosures in accordance with the Sustainable Finance Disclosure Regulation (SFDR), hereinafter referred to as “the supplementary report”.
Our opinion on the financial statements does not cover the management commentary or the supplementary report, 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 the management commentary and the supplementary report and, in doing so, consider whether the management commentary and the supplementary report is materially inconsistent with the financial statements, or our knowledge obtainedin the audit or otherwise appears to be materially misstated.
Moreover, it is our responsibility to consider whether the management commentary and the supplementary report provides the information required under the Danish Financial Statements Act and the Sustainable Finance Disclosure Regulation respectively.
Based on the work we have performed, we conclude that the management commentary and the supplementary report is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act and the Sustainable Finance Disclosure Regulation respectively. We did not identify any material misstatement of the management commentary or the supplementary report.
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 annual report also includes supplementary information in accordance with the Danish Alternative Investment Fund Managers etc. Act.The accounting policies applied to these financial statements are consistent with those applied last year.
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.
Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the
transaction
date. Receivables, payables and other monetary items denominated in foreign currencies that
have not been
settled at the balance sheet date are translated using the exchange rate at the balance
sheet date. Exchange
differences that arise between the rate at the transaction date and the rate in effect
at the payment date, or the
rate at the balance sheet date, are recognised in the income statement as
financial income or financial expenses.
Gross profit or lossGross profit or loss comprises other external expenses.
Fair value adjustment of financial assetsFair value adjustment of financial assets comprise adjustments for the financial year of the Entity’s
financial assets measured at fair value at the balance sheet date.
Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities and management fee.
Management fee comprises of management fee for the period calculated according to the Limited Partnership
Agreement.
Other investmentsOther investments recognized under fixed assets solely consist of unlisted investments in an alternative investment fund (AIF) measured at fair value through the income statement.
When measuring the fair value of the investment in the alternative investment fund (AIF), the valuation is based upon the fair value of the assets and liabilities included in the portfolio fund and as shown in the audited annual reports of
the portfolio fund. The fair value of the portfolio fund is calculated based on recognized valuation methods, including IPEV valuation guidelines, which essentially correspond to recognition and measurement provisions in IFRS 13. The
fair value of the portfolio fund corresponds to the accumulated share of ownership of the total capital of the underlying portfolio fund.
As a result of the investment being made through other alternative investment funds, it is not possible to provide
additional information about the used multiple, yield requirements, etc. in the valuation.
At Q4 the Entity
receivesaudited financial statements by an independent auditor from the underlying funds which is the basis for
the valuation at the balance sheet date.
Since the valuation in the portfolio fund depends on assumptions regarding future earnings in underlying companies
owned by the portfolio fund and the development in market multiples, the valuation is linked to natural uncertainty.
This uncertainty will naturally be greater in periods of fluctuation in the financial markets, where market multiples, and thus the valuation will be influenced by, among other things, the development of liquidity premiums and the possibility of selling underlying companies in the portfolio fund.
Outstanding investment commitments at the balance sheet date are disclosed as contingent liabilities in the
notes.
CashCash comprises cash in bank deposits.
Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.
Kilde: årsrapporten hos Erhvervsstyrelsen
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
Entity 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.