TwentyThree ApS

The primary actvites of TwentyThree ApS is to develop and supply tools for visual communication.

The income statement for 2024 shows a profit of DKK 3,581,325 against a loss of DKK 4,597,010 last year, and the balance sheet at 31 December 2024 shows equity of DKK 560,111.

As described in note 2 to the financial statements, the ultimate parent company BOOTSTRAPPING ApS, has issued a letter of subordination, declaring that it will not claim its receivable to the company until 1 January 2026 at the earliest.

No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.

The Entity participates in a Danish joint taxation arrangement where Bootstrapping ApS 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.

As security for the Company's debt to banks, creditors and other suppliers, the Company has provided security or other collateral in its assets for at total amount of DKK 7,200,000. The total carrying amount of these assets is DKK 8.644.332.

The Company’s bank has posted a payment guarantee for a total of DKK 1,058,235 which relates to deposit for the Company’s premises.