Beta. Registrerede ejere og personsøgning kommer snart.
Engroshandel med reservedele og tilbehør til motorkøretøjer
ReklamebeskyttetCVR 46 62 93 10AktieselskabKoldingStiftet 1973
The company mainly trades with spare parts for trucks, buses, light commercial vehicles, and trailers, as well as full range of tools and workshop equipment for the industry.
Oplysningerne er hentet 10. november 2026.
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| Post | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | Ændring2024-2025 |
|---|---|---|---|---|---|---|---|---|
| Resultat | ||||||||
| 60,6 mio. | 50,8 mio. | 54,4 mio. | 55,2 mio. | 51,8 mio. | 44,4 mio. | 46,9 mio. | +19,3% | |
Omsætningen minus udgifterne til varer, materialer og andre eksterne omkostninger som fx husleje. Lønnen er ikke trukket fra endnu. Små virksomheder må vise bruttofortjenesten i stedet for omsætningen. | ||||||||
| Personaleomkostninger | 41,5 mio. | 41,3 mio. | 40,4 mio. | 40,5 mio. | 38,5 mio. | 37,1 mio. | 37,9 mio. | +0,4% |
| Af- og nedskrivninger af materielle og immaterielle anlægsaktiver | 393.718 | 476.528 | 449.695 | 384.525 | 388.710 | 437.000 | 453.000 | −17,4% |
| 18,7 mio. | 9,0 mio. | 12,8 mio. | 14,3 mio. | 13,0 mio. | 6,8 mio. | 8,6 mio. | +108,1% | |
| Andre finansielle indtægter | 242.297 | 174.520 | 181.456 | 242.110 | 130.464 | 251.000 | 289.000 | +38,8% |
| Øvrige finansielle omkostninger | 213.002 | 573.165 | 179.233 | 125.434 | 85.651 | 89.000 | 293.000 | −62,8% |
| 18,7 mio. | 8,6 mio. | 12,8 mio. | 14,4 mio. | 13,0 mio. | 7,0 mio. | 8,6 mio. | +118,1% | |
| Skat af årets resultat | 4,2 mio. | 1,9 mio. | 2,8 mio. | 3,2 mio. | 2,9 mio. | 1,6 mio. | 1,9 mio. | +115,7% |
| 14,6 mio. | 6,7 mio. | 9,9 mio. | 11,2 mio. | 10,1 mio. | 5,5 mio. | 6,7 mio. | +118,8% | |
| Extraordinary dividend paid | 10,0 mio. | 9,5 mio. | -8,0 mio. | -8,0 mio. | -5,4 mio. | -6,5 mio. | - | +5,3% |
| Other adjustments of equity | 0 | - | - | - | - | - | - | - |
| Depreciation amortisation expense and impairment losses of property plant and equipment and intangible assets | 393.719 | 476.528 | 449.695 | 384.525 | 388.710 | 437.000 | 453.000 | −17,4% |
| Adjustments for decrease increase in working capital | 6,5 mio. | 9,6 mio. | -65.734 | -3,0 mio. | -9,2 mio. | 12,8 mio. | 1,2 mio. | −32,6% |
| Modtagne renter | 164.831 | 174.520 | 181.456 | 242.110 | 130.464 | 251.000 | 289.000 | −5,6% |
| Betalte renter | 213.002 | 573.165 | 179.233 | -125.434 | -85.651 | -89.000 | -293.000 | −62,8% |
| Betalt skat, netto | 3,0 mio. | 2,9 mio. | 3,3 mio. | -4,4 mio. | -1,7 mio. | -1,2 mio. | -1,5 mio. | +3,3% |
| Køb af materielle anlægsaktiver | 169.932 | 374.721 | 282.400 | -629.995 | -163.213 | 0 | -279.000 | −54,7% |
| Loans | 10,0 mio. | 0 | - | - | - | - | - | - |
| Repayments | 270.000 | 0 | - | - | - | - | - | - |
| Interest received | 77.466 | 0 | - | - | - | - | - | - |
| Repayments of longterm liabilities classified as financing activities | 377.142 | 0 | - | - | 0 | -7,7 mio. | -14,9 mio. | - |
| Remuneration of management category | 0 | 537.000 | 1,1 mio. | - | 1,6 mio. | 1,8 mio. | 1,6 mio. | −100,0% |
| Overført til overført resultat | 4,6 mio. | -2,8 mio. | 1,9 mio. | 3,2 mio. | - | - | - | - |
| Balance | ||||||||
| Andre anlæg, driftsmateriel og inventar | 838.820 | 1,1 mio. | 1,1 mio. | 1,3 mio. | 1,0 mio. | 1,4 mio. | 1,7 mio. | −20,8% |
| Indretning af lejede lokaler | 123.097 | 126.286 | 163.738 | 201.190 | 192.651 | 78.000 | 140.000 | −2,5% |
| Materielle anlægsaktiver | 961.917 | 1,2 mio. | 1,3 mio. | 1,5 mio. | 1,2 mio. | 1,4 mio. | 1,9 mio. | −18,9% |
| Langfristede tilgodehavender hos tilknyttede virksomheder | 9,7 mio. | 0 | - | - | - | - | - | - |
| Finansielle anlægsaktiver | 9,7 mio. | 0 | - | - | - | - | - | - |
| Anlægsaktiver | 10,7 mio. | 1,2 mio. | 1,3 mio. | 1,5 mio. | 1,2 mio. | 1,4 mio. | 1,9 mio. | +801,7% |
| Fremstillede varer og handelsvarer | 44,4 mio. | 48,0 mio. | 47,1 mio. | 44,3 mio. | 41,0 mio. | 40,9 mio. | 42,0 mio. | −7,5% |
| Varebeholdninger | 44,4 mio. | 48,0 mio. | 47,1 mio. | 44,3 mio. | 41,0 mio. | 40,9 mio. | 42,0 mio. | −7,5% |
| Tilgodehavender fra salg og tjenesteydelser | 18,7 mio. | 29,5 mio. | 30,9 mio. | 32,4 mio. | 31,6 mio. | 24,7 mio. | 28,3 mio. | −36,5% |
| Tilgodehavender hos tilknyttede virksomheder | 1,6 mio. | 1,3 mio. | 1,2 mio. | 3,1 mio. | 2,8 mio. | 2,2 mio. | 5,0 mio. | +21,4% |
| Udskudte skatteaktiver | 5.685 | 0 | - | - | - | - | - | - |
| Andre tilgodehavender | 891.070 | 784.770 | 790.010 | 777.270 | 772.074 | 772.000 | 772.000 | +13,5% |
| Tilgodehavende selskabsskat | 0 | 1,2 mio. | 243.731 | 0 | - | - | - | −100,0% |
| Periodeafgrænsningsposter | 947.866 | 974.204 | 805.509 | 746.094 | 665.213 | 422.000 | 50.000 | −2,7% |
| Tilgodehavender | 22,2 mio. | 33,7 mio. | 33,9 mio. | 37,1 mio. | 35,8 mio. | 28,1 mio. | 34,1 mio. | −34,3% |
| Likvide beholdninger | 12,1 mio. | 9,7 mio. | 3,7 mio. | 2,1 mio. | 3,4 mio. | 6,5 mio. | 1,6 mio. | +24,9% |
| 78,6 mio. | 91,4 mio. | 84,7 mio. | 83,5 mio. | 80,3 mio. | 75,6 mio. | 77,7 mio. | −14,0% | |
| 89,3 mio. | 92,6 mio. | 86,0 mio. | 84,9 mio. | 81,5 mio. | 77,0 mio. | 79,5 mio. | −3,5% | |
| Virksomhedskapital | 8,1 mio. | 8,1 mio. | 8,1 mio. | 8,1 mio. | 8,1 mio. | 8,1 mio. | 8,1 mio. | 0,0% |
| Overført resultat | 56,0 mio. | 41,9 mio. | 54,2 mio. | 52,3 mio. | 49,2 mio. | 44,4 mio. | 45,5 mio. | +33,6% |
| Proposed extraordinary dividend recognised in equity | 0 | 9,5 mio. | 0 | 8,0 mio. | - | - | - | −100,0% |
| 64,1 mio. | 59,5 mio. | 62,3 mio. | 60,4 mio. | 57,2 mio. | 52,5 mio. | 53,6 mio. | +7,7% | |
| Hensættelse til udskudt skat | 0 | 8.735 | 30.259 | 48.335 | 47.756 | 65.000 | 84.000 | −100,0% |
| Hensatte forpligtelser | 0 | 8.735 | 30.259 | 48.335 | 47.756 | 65.000 | 84.000 | −100,0% |
| Anden gæld, langfristet | 2,7 mio. | 3,1 mio. | 3,4 mio. | 3,3 mio. | 3,3 mio. | - | - | −12,3% |
| Langfristede gældsforpligtelser | 2,7 mio. | 3,1 mio. | 3,4 mio. | 3,3 mio. | 3,3 mio. | - | - | −12,3% |
| Leverandører af varer og tjenesteydelser | 11,3 mio. | 14,9 mio. | 8,7 mio. | 9,6 mio. | 10,2 mio. | 8,0 mio. | 6,9 mio. | −24,3% |
| Gæld til tilknyttede virksomheder | 4,8 mio. | 4,4 mio. | 6,2 mio. | 5,6 mio. | 3,6 mio. | 6,5 mio. | 2,9 mio. | +9,3% |
| Skyldig selskabsskat | 62.904 | 0 | 0 | 199.412 | 1,4 mio. | 190.000 | 216.000 | - |
| Anden gæld, kortfristet | 6,3 mio. | 10,7 mio. | 5,3 mio. | 5,7 mio. | 5,8 mio. | 9,7 mio. | 8,3 mio. | −40,5% |
| 22,6 mio. | 30,0 mio. | 20,2 mio. | 21,2 mio. | 24,2 mio. | 24,4 mio. | 25,9 mio. | −24,9% | |
| 25,3 mio. | 33,1 mio. | 23,6 mio. | 24,5 mio. | 24,2 mio. | 24,4 mio. | 25,9 mio. | −23,7% | |
| Passiver i alt | 89,3 mio. | 92,6 mio. | 86,0 mio. | 84,9 mio. | 81,5 mio. | 77,0 mio. | 79,5 mio. | −3,5% |
| Cash and cash equivalents concerning cashflow statement | 12,1 mio. | 9,7 mio. | 3,7 mio. | 2,1 mio. | 3,4 mio. | 6,5 mio. | 1,6 mio. | +24,9% |
| Gæld til banker, kortfristet | - | - | - | - | - | 0 | 7,7 mio. | - |
| Pengestrømme | ||||||||
| Cash flow from operating activities before financial items | 25,6 mio. | 19,1 mio. | 13,1 mio. | 11,6 mio. | 4,2 mio. | 20,1 mio. | 10,3 mio. | +34,0% |
| Pengestrømme fra driften | 22,6 mio. | 15,9 mio. | 9,8 mio. | 7,3 mio. | 2,5 mio. | 19,0 mio. | 8,8 mio. | +42,5% |
| Pengestrømme fra investeringer | -9,8 mio. | -374.721 | -282.400 | -629.995 | -163.213 | 0 | -279.000 | - |
| Free cash flows generated from operation and investment before financing | -12,8 mio. | -15,5 mio. | -9,6 mio. | 6,7 mio. | 2,3 mio. | 19,0 mio. | 8,5 mio. | - |
| Dividend paid cash flow | 10,0 mio. | 9,5 mio. | 8,0 mio. | -8,0 mio. | -5,4 mio. | -6,5 mio. | -4,0 mio. | +5,3% |
| Pengestrømme fra finansiering | -10,4 mio. | -9,5 mio. | -8,0 mio. | -8,0 mio. | -5,4 mio. | -14,2 mio. | -18,9 mio. | - |
| Net increase decrease in cash and cash equivalents | 2,4 mio. | 6,0 mio. | 1,6 mio. | -1,3 mio. | -3,1 mio. | 4,9 mio. | -10,4 mio. | −59,8% |
| Andre tal | ||||||||
| 80 | 80 | 78 | 75 | 72 | 71 | 74 | 0,0% | |
| Nøgleforhold (beregnet af Tjekker) | ||||||||
| 71,7% | 64,2% | 72,5% | 71,1% | 70,2% | 68,2% | 67,3% | +7,5 pp | |
| 23,6% | 10,9% | 16,2% | 19,0% | 18,4% | 10,3% | - | +12,7 pp | |
Kilde: årsrapporterne hos Erhvervsstyrelsen. Virksomheden oplyser kun bruttofortjeneste, ikke omsætning. Det må mindre virksomheder. Poster uden dansk navn står, som de hedder i indberetningen. Tal, der er fordelt på fx egenkapitalens kolonner, står i selve årsrapporten.
Regnskabsårene 2019-2025
| Post | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Bruttofortjeneste | 46.934.000 | 44.398.000 | 51.797.000 | 55.171.881 | 54.396.956 | 50.781.808 | 60.577.085 |
| Årets resultat | 6.691.000 | 5.454.000 | 10.118.000 | 11.165.331 | 9.912.474 | 6.665.765 | 14.585.457 |
Beløb i kr. som indberettet
Fra årsrapporten for 2025, i virksomhedens egne ord
Financial highlights2025DKK'0002024DKK'0002023DKK'0002022DKK'0002021DKK'000Key figuresGross profit/loss60,57750,78254,39755,17251,797Operating profit/loss18,7098,98912,75014,25012,957Net financials29(399)211745Profit/loss for the year14,5856,6669,91211,16510,117Total assets89,32592,60285,95984,94081,500Investments in property,
plant and equipment170375282630163Equity64,05559,47062,30460,39257,226RatiosReturn on invested capital incl goodwill (%)20.889.6714.7516.4515.80Return on equity (%)23.6110.9516.1618.7018.40Equity ratio (%)71.7164.2272.4870.9070.20Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Optional ratio return on invested capital incl goodwill (%):EBITA * 100
Average invested capital incl goodwillReturn on equity (%)
:Profit/loss for the year * 100Average equityEquity ratio (%):Equity * 100
Total assets
Primary activitiesThe company mainly trades with spare parts for trucks, buses, light commercial vehicles, and trailers, as well as full range of tools and workshop equipment for the industry.
Development in activities and financesDespite continued global challenges and a difficult marked, the company has managed to maintain a high revenue in 2025, slightly under previous year. An adequate first half followed by a strong second half.
Focus on synergies and efficiencies in the Nordic cooperation and optimisation of costs, have positive contributed to the result.
De originale dokumenter hos Erhvervsstyrelsen
Årsrapport 2025
Offentliggjort 21.04.2026
Årsrapport 2024
Offentliggjort 31.03.2025
Årsrapport 2023
Offentliggjort 12.03.2024
Årsrapport 2022
Offentliggjort 28.03.2023
Årsrapport 2021
Offentliggjort 15.03.2022
Årsrapport 2020
Offentliggjort 25.03.2021
Årsrapport 2019
| Omsætning | Ikke oplyst |
|---|---|
| Bruttofortjeneste | 60,6 mio. kr. |
| Driftsresultat | 18,7 mio. kr. |
| Resultat før skat | 18,7 mio. kr. |
| Årets resultat | 14,6 mio. kr. |
Af hver 100 kr., virksomheden ejer, er 72 kr. betalt af ejerne selv og 28 kr. lånt eller skyldt til andre.
| Aktiver i alt | 89,3 mio. kr. |
|---|---|
| Egenkapital | 64,1 mio. kr. |
| Gæld og forpligtelser | 25,3 mio. kr. |
Profit/loss for the year in relation to expected developmentsThe revenue was not as expected and ended up 0,8% lower than in 2024, towards an expected increase of 5-7%. The main reason was lower demand from customers in the first half of the year. The profit for the year was 14.585 t. DKK and is found to be satisfactory.
OutlookFor the coming year, the management expect to increase sales with 3-5 % compared to 2025.
The gross profit is expected to be between 105.000 t DKK and 107.000 t DKK, and profit before tax is expected to be between 19.500 t DKK and 21.000 t DKK.
Continuous focus on digitalisation, optimizing processes and customer orientated approach will be drivers to secure our targets.
The result could be affected by uncertainties in the development of global challenges and not foreseen growing costs.
1 Events after the balance sheet dateNo events have occurred after the balance sheet date until this date which would influence the evaluation of this annual report
2 Staff costs2025DKK2024DKKWages and salaries36,499,67436,215,465Pension costs4,689,1034,814,867Other social security costs286,011285,51641,474,78841,315,848Average number of full-time employees8080Remunerationof Management2025DKKRemunerationof Management2024DKKExecutive Board415,5500Board of Directors126,0000Total amount for management categories0537,000541,550537,000With reference to the Danish Annual Accounts Act Section 98b(3), the Remuneration of management is presentedas a total amount in 2024.Management members employed by the parent company do not receive remuneration from Europart A/S.
Remunerationof Management2025DKKRemunerationof Management2024DKKExecutive Board415,5500Board of Directors126,0000Total amount for management categories0537,000541,550537,000
3 Depreciation, amortisation and impairment losses2025DKK2024DKKDepreciation of property, plant and equipment393,718476,528393,718476,528
4 Other financial income2025DKK2024DKKFinancial income from group enterprises77,55549,484Other financial income164,742125,036242,297174,520
5 Tax on profit/loss for the year2025DKK2024DKKCurrent tax4,166,8371,946,546Change in deferred tax(14,420)(21,524)4,152,4171,925,022
6 Proposed distribution of profit and loss2025DKK2024DKKExtraordinary dividend distributed in the financial year10,000,0009,500,000Retained earnings4,585,457(2,834,235)14,585,4576,665,765
7 Property, plant and equipmentOther fixtures and fittings, tools and equipmentDKKLeasehold improvementsDKKCost beginning of year7,292,474421,096Additions134,50235,430Disposals(175,501)0Cost end of year7,251,475456,526Depreciation and impairment losses beginning of year(6,233,057)(294,810)Depreciation for the year(355,099)(38,619)Reversal regarding disposals175,5010Depreciation and impairment losses end of year(6,412,655)(333,429)Carrying amount end of year838,820123,097
8 Financial assetsReceivables from group enterprisesDKKAdditions10,000,000Disposals(270,000)Cost end of year9,730,000Carrying amount end of year9,730,000
9 Deferred taxChanges during the year2025DKK2024DKKBeginning of year(8,735)(30,259)Recognised in the income statement14,42021,524End of year5,685(8,735)Deferred tax relates to plant and equipment.Deferred tax assetsDeferred tax assets are recognized in the balance and are expected to be recovered within a reasonable period.
10 PrepaymentsPrepayments comprise prepayment of costs incurred relating to subsequent financial years.
11 Non-current liabilities other than provisionsDue after more than 12 months2025DKKOutstanding after 5 years2025DKKOther payables2,698,9472,698,9472,698,9472,698,947
12 Changes in working capital2025DKK2024DKKIncrease/decrease in inventories3,622,430(979,303)Increase/decrease in receivables10,416,0881,126,522Increase/decrease in trade payables etc(7,539,046)9,498,7236,499,4729,645,942
13 Other unrecognised commitmentsUnrecognised rental and lease commitments2025DKK2024DKKLiabilities under rental or lease agreements until maturity in total27,458,54531,060,284
14 Transactions with related partiesParentDKKOther related partiesDKKOther related parties - Same parentDKKRevenue04,857,72311,387,850Cost of good0119,578,3265,819,079Other costs1,191,807867,237115,160Other income00285,000Financial income0077,466Receivables0375,70310,919,114Liabilities other than provisions15,3124,476,766360,091
15 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group:Europart Group GmbH, Germany
Cash flow statementThe cash flow statement shows cash flows from operating, investing and financing activities, and cash
and cash equivalents at the beginning and the end of the financial year.
Cash flows from operating activities are presented using the indirect method and calculated as the operating
profit/loss adjusted for noncash operating items, working capital changes and taxes paid.
Cash flows from investing activities comprise payments in connection with acquisition and divestment of
enterprises, activities and fixed asset investments, and purchase, development, improvement and sale,
etc. of intangible assets and property, plant and equipment
Cash flows from financing activities comprise changes in the size or composition of the contributed capital
and related costs, and the raising of loans, inception of, repayments of interest-bearing
debt, purchase of treasury shares and payment of dividend.
Cash and cash equivalents comprise cash.
The cash flow statement shows cash flows from operating, investing and financing activities, and cash
and cash equivalents at the beginning and the end of the financial year.
Cash flows from operating activities are presented using the indirect method and calculated as the operating
profit/loss adjusted for noncash operating items, working capital changes and taxes paid.
Cash flows from investing activities comprise payments in connection with acquisition and divestment of
enterprises, activities and fixed asset investments, and purchase, development, improvement and sale,
etc. of intangible assets and property, plant and equipment
Cash flows from financing activities comprise changes in the size or composition of the contributed capital
and related costs, and the raising of loans, inception of, repayments of interest-bearing
debt, purchase of treasury shares and payment of dividend.
Cash and cash equivalents comprise cash.
The Board of Directors and the Executive Board have today considered and approved the annual report of Europart Danmark A/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 and cash flows for the financial year01.01.2025 - 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.
We have audited the financial statements of Europart Danmark A/S for the financial year 01.01.2025 - 31.12.2025,which comprise the income statement, balance sheet, statement of changes in equity, cash flow statement 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 at 31.12.2025and of the results of its operations and cash flows 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
Management is responsible for the management commentary.
Our opinion 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 audit 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 audit 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
the 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.
This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).The accounting policies applied to these financial statements are consistent with those applied last year.
Gross profit or lossGross profit or loss comprises revenue, other operating income, cost of raw materials and consumables and external expenses.
RevenueIncome from sale of goods and finished goods is recognised in revenue at the time of delivery and when the risk passes to the buyer, provided that the income can be made up reliably and is expected to be received.
Revenue is measured net of all types of discounts/rebates granted. Furthermore, revenue is measured net of VAT and other indirect taxes charged on behalf of third parties.
The date of the transfer of the main benefits and risks is based on standardized terms of delivery based on Incoterms ® 2020.
Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary
activities including salary reimbursement, management fee etc.
Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal
inventory writedowns.
Other external expensesOther external costs include the year's costs relating to the entity's core activities, including costs relat-ing to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc.
Staff costsStaff costs comprise wages and salaries, including holiday allowance, pension and other social security costs, etc.,
to the Company's employees, excluding refunds from public authorities.
Depreciation, amortisation and impairment lossesThe item comprises depreciation of and impairment losses on property, plant and equipment.
Other financial incomeFinancial income are recognised in the income statement at the amounts that concern the financial year and includes interest income, including
interest income on receivables from group as well as allowances and surcharges under the advance payment of tax scheme, etc.
Other financial expensesOther financial and expenses are recognised in the income statement at the amounts that concern the financial year and includes financial expenses, including interest expenses on payables to group
enterprises, as well as allowances and surcharges under the advance payment of tax scheme, etc.
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.
Property, plant and equipmentItems of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes the purchase price and costs directly related to the acquisition until the time at which the asset is ready for use.
Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.
The depreciable amount, which is calculated as cost less any projected residual values after the end of the useful life, is depreciated on a straightline basis over the estimated useful life.
The useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively.
Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively.
Useful life
Other fixtures and fittings, tools and equipment9-11 yearsLeasehold improvements3-8 yearsEstimated useful lives and residual values are reassessed annually.
ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and
doubtful debts.
InventoriesInventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value. The net realisable value of inventories is calculated as the sales amount less costs of completion and costs necessary to make the sale and is deterined taking into account marketability, obsolescence and development in expected selling price.
Goods for resale are measured at cost, which comprises the cost of acquisition plus delivery costs as well as other costs directly attributable to the acquisition.
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.
Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's
taxable income, adjusted for prepaid tax.
PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at
cost.
CashCash comprises cash in hand and 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. Extraordinary dividend adopted in the financial
year is recognised directly in equity when distributed and disclosed as a separate item in Management's
proposal for distribution of profit/loss.
Operating leasesLease payments on operating leases are recognised on a straightline basis in the income statement over
the term
of the lease.
Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.
Kilde: årsrapporten hos Erhvervsstyrelsen
Offentliggjort 12.03.2020
Årsrapport 2018
Offentliggjort 11.03.2019
Årsrapport 2017
Offentliggjort 19.04.2018
Årsrapport 2016
Offentliggjort 08.03.2017
Årsrapport 2015
Offentliggjort 10.03.2016
Årsrapport 2014
Offentliggjort 12.03.2015
Årsrapport 2013
Offentliggjort 04.03.2014
Årsrapport 2012
Offentliggjort 21.03.2013
Årsrapport 2011
Offentliggjort 15.02.2012
Årsrapport 2010
Offentliggjort 16.02.2011
Årsrapport 2009
Offentliggjort 09.03.2010
Årsrapport 2008
Offentliggjort 18.02.2009
Årsrapport 2007
Offentliggjort 04.03.2008
Årsrapport 2006
Offentliggjort 07.03.2007
Årsrapport 2005
Offentliggjort 15.03.2006
Årsrapport 2004
Offentliggjort 06.06.2005
Årsrapport 2003
Offentliggjort 28.03.2004
Årsrapport 2002
Offentliggjort 25.05.2003
Årsrapport 2001
Offentliggjort 24.03.2002
Årsrapport 2000
Offentliggjort 03.04.2001
Årsrapport 1999
Offentliggjort 11.04.2000
Årsrapport 1998
Offentliggjort 29.06.1999
Årsrapport 1997
Offentliggjort 22.04.1998
Årsrapport 1996
Offentliggjort 21.05.1997
Årsrapport 1995
Offentliggjort 29.07.1996
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.