Lending Lab ApS

Lending Lab ApS (formerly Flex Funding Fintech ApS) was founded in 2018, and this is the Company’s sixth annual report.

Lending Lab ApS owns and continues to develop an IT platform to be used for crowdlending activities. The main customer is the parent company which leases the platform for commercial use. Customers pay a fixed leasing fee per license to the company.

Financial development

Profit after tax is DKK -6.606.175 for the period 1 January – 31 December 2025. This is in line with Management’s expectations and the strategic plan that has been decided for the Flex Funding group. This includes IT-development for the past three years with significant investments in a new crowdlending platform.

The value of the company's intangible fixed assets lies in the capitalized development costs associated with the IT platform. The uncertainty surrounding future earnings linked to this platform is considerable. Despite this uncertainty, the Management believes that the value of the development costs reasonably reflects the company's potential to secure future revenue and earnings.

Capital and liquidity resources

Based on funding commitments from the parent company, it is Management’s expectation that the company has sufficient funding to continue its operation in 2026.…

2 | Information on significant uncertainties at recognition and measurement

The company’s intangible fixed assets consist of capitalized development cost related to the group’s IT platform. The Platform developed is essential for the Flex Funding activities and is servicing also some external white label partners. The platform developed is prepared for application also internationally. There is significant uncertainty associated with future earnings based on the developed Platform – but with the Groups intention to expand significantly the number of white label partners as well as the plan to expand internationally the Management assesses that the value of the development costs for the company represents fairly the value for the company to secure future revenue/earnings.

Joint liabilitiesThe Company is jointly and severally liable together with the Parent Company and the other group companies in the joint taxable group for tax on the group’s joint taxable income and for certain possible withholding taxes, such as dividend tax, etc.

Tax payable on the Group’s joint taxable income is stated in the annual report of Linde SAL ApS, which serves as management Company for the joint taxation.