Lessor ApS

The company develops, markets and supports software and systems for the development and management of human resources and payroll. The company's products are mainly sold in Denmark and Germany.

Development in activities and finances

The Company's income statement for 2024/25 shows a profit of DKK 2,452 thousand as against DKK 6,416 thousand in 2023/24. Equity in the Company's balance sheet on 31 May 2025 ended with DKK 15,731 thousand as against DKK 13,279 thousand at 31 May 2024.

The company expects an increase in activity and revenue in the new financial year for its product. We are expecting a positive operating profit of 3-5 million DKK in the following year.

Profit/loss for the year in relation to expected developments

The profit have decreased due to increase in management fee and decisions to phase out some legacy products. The decrease in operating profit are not in line with expectations, and thus management considers the result for the financial year as unsatisfactory.

There have been no events after the balance sheet date that has a significant impact on the assessment ​of the annual report.

10 Contingent liabilities2024/25​DKK'000Other contingent liabilities3,848,603Contingent liabilities 3,848,603The Group's Danish entities are jointly and severally liable for tax on the Group's jointly taxed income and ​for certain withholding taxes such as dividend tax and royalty tax. Any subsequent corrections of the ​taxable income subject to joint taxation or withholding taxes on dividends, etc., may entail an increase in ​the entities' liability. The Group as a whole is not liable to any other parties.

2024/25​DKK'000

Other contingent liabilities…