MTS Systems Danmark ApS

The parent company's activities comprise holding equity investments in other Danish enterprises, providing taxable services to its subsidiaries and other activities, in the opinion of the executive board, are related to this. ​​The group's activities comprise consultancy and development of machines and plants. Since the 2024 financial year, the group has streamlined its subsidiary structure to focus on Research & Development activities. Consequently, the majority of costs within the group are directly attributable to R&D operations, including the development of our new Bolt Check product line, which represents a strategic expansion into new market areas.

Development in activities and finances

The income statement for the financial year of 2025 shows a loss of DKK 514K against a loss of 155,700K for the financial year of 2024. The balance sheet shows equity of DKK 15,395K. ​​The result reflects a normal course of business as a non-revenue generating entity. In comparison to 2024 the result in 2025 does not carry any negative impacts from Goodwill impairment losses, which was driving the large deficit in 2024.​​Management finds the result unsatisfying.

The company expects a loss between DKK (5,000)K and (15,000)K in the financial year 01.01.2026 – 31.12.2026.

Profit/loss for the year in relation to expected developments

The earnings expectation for the financial year 01.01.25 - 31.12.25 were a profit between DKK 2,000K - 3,000K. The profit for the year has not reached the outlook communicated in the annual report 2024.

The company recognises goodwill as part of the investments in enterprises. Due to the performance of these investments, there is uncertainty related to the recognition and measurement of goodwill as of the balance sheet​date. There is evidence that the carrying amount of the goodwill exceeds its recoverable amount. As a result, an impairment test has been conducted. Impairment test shows no impairment in 2025. ​ ​In relation to this, there are material assumptions and judgements concerning the valuation of goodwill. These include the Weighted Average Cost of Capital (WACC), budgeted revenue, and budgeted contribution margin, including growth rates. ​ ​The key assumptions for the impairment are as follows: ​ ​- The expected cash flows are discounted at a WACC of 10%. ​- The expected growt…

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Entity participates in a Danish joint taxation arrangement where ITW Denmark 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.

11 Assets charged and collateral

There are no collateral provided or assets charged at the balance sheet date.