--- title: "C&C Denmark A/S – Financial report 2025 and key figures" description: "C&C Denmark A/S (CVR 13397597). Reporting period: 2025-01-01 – 2025-12-31. Gross profit 28.8M DKK, profit after tax -27.2M DKK, equity -22.1M DKK." canonical_url: "https://datapublica.dk/en/companies/13397597-c-c-denmark-a-s/financials" locale: "en" route_type: "company_financials" robots: "index,follow" content_access: "standard" --- # C&C Denmark A/S — Financial report C&C Denmark A/S \(CVR 13397597\). Reporting period: 2025-01-01 – 2025-12-31. Gross profit 28.8M DKK, profit after tax -27.2M DKK, equity -22.1M DKK. CVR 13397597 ## Latest financial period - 2025 • 2025-01-01 • 2025-12-31 • entity • DKK • 28753000 • -21946000 • -27175000 • 115059000 • -22110000 • 87 ## Financial history - 2024 • 2024-01-01 • 2024-12-31 • entity • DKK • 37071000 • -14396000 • -21046000 • 137881000 • -17289000 • 96 - 2023 • 2023-01-01 • 2023-12-31 • entity • DKK • 36097000 • -25975000 • -24821000 • 150155000 • 107000 • 114 - 2022 • 2022-01-01 • 2022-12-31 • entity • DKK • 66465000 • -23465000 • -18374000 • 142663000 • 24928000 • 148 - 2022 • 2021-10-01 • 2022-12-31 • entity • DKK • 66465000 • -23465000 • -18374000 • 142660000 • 24928000 • 148 - 2021 • 2021-01-01 • 2021-12-31 • entity • DKK • 62566000 • -5315000 • -7963000 • 140464000 • 156000 • 154 - 2021 • 2021-01-01 • 2021-09-30 • entity • DKK • 62566000 • -5315000 • -7963000 • 140464000 • 156000 • 154 - 2021 • 2020-10-01 • 2021-09-30 • entity • DKK • 781686000 • 71022000 • 3127000 • 480000 • 141030000 • 8599000 • 154 - 2020 • 2020-01-01 • 2020-12-31 • entity • DKK • 69740000 • 2287000 • -738000 • 116203000 • 8119000 • 151 - 2020 • 2019-10-01 • 2020-09-30 • entity • DKK • 682923000 • 69739000 • 2287000 • -740000 • 116200000 • 8114000 • 151 - 2019 • 2018-10-01 • 2019-09-30 • entity • DKK • 725968000 • 64430000 • -920000 • -3614000 • 125614000 • 8854000 • 155 - 2018 • 2017-10-01 • 2018-09-30 • entity • DKK • 729443000 • 65922000 • 1229000 • -1519000 • 129540000 • 12468000 • 152 ## Annual report highlights - primary activities • Description of key activities of the companyHumac is Denmark's leading and only Apple Premium Retail Partner in the sale of Apple products. Humac is in the market to ensure that both business customers and end customers have the opportunity to access the widest range within Apple's universe while receiving competent and professional guidance from Apple-trained employees. Our strong foundation is the starting point for Humac to continue spreading the message in the coming years that Apple products are best purchased at Humac. • entity - development in activities and financial affairs • Development in activities and financial mattersThe gross profit for the year totals DKK 28.753thousand against DKK 37.071 last year. Profit or loss from ordinary activities after tax totals DKK -27.175thousand against DKK -21.046 last year. Management considers the net profit or loss for the year unsatisfactory. • entity - expected development • Development for the year relative to the expectationsAs stated in the 2024 Annual Report, the Company expected continued growth and positive development. Activity levels during the year were generally in line with management’s expectations; however, growth was below the level anticipated. This was primarily due to the acquisition by C&C S.p.A. in December 2024 and the implementation of planned synergies taking longer than originally expected. Going concern The company incurred a net loss for the year and on 31 December 2025 has a negative equity and negative working capital. The company is subject to the capital loss rules under the Danish Companies Act, and the capital is expected to be restored through the company's own operations. Management has prepared a business plan, according to which the continued operation of the company is dependent on the execution of the turnaround plan and on obtaining additional financing, or equivalent financial support, of EUR 4.0 million \(approximately DKK 29.9 million\) from group companies or business partners. Such support may take the form of cash contributions, cash-equivalent instruments, or credit lines from suppliers guaranteed by business partners, up to an aggregate amount of EUR 4.0 million. This additional financing or support has not been committed as at the date of approval of the annual report. Management expects that the additional financing will be obtained and that the company will be able to meet its obligations as they fall due for at least 12 months from the balance sheet date. On this basis, the annual report has been prepared on a going concern basis. Expected developmentsManagement expects that for the financial year 2026, gross profit will be in the range of DKK 68,000 thousand and DKK 75,000 thousand, and ordinary profit or loss after tax will be in the range of DKK -4,000 thousand and DKK -9,000 thousand. • entity - going concern uncertainty • 1. Uncertainties relating to going concernThe company incurred a net loss for the year and on 31 December 2025 has a negative equity and negative working capital. The company is subject to the capital loss rules under the Danish Companies Act, and the capital is expected to be restored through the company's own operations. Management has prepared a business plan, according to which the continued operation of the company is dependent on the execution of the turnaround plan and on obtaining additional financing, or equivalent financial support, of EUR 4.0 million \(approximately DKK 29.9 million\) from group companies or business partners. Such support may take the form of cash contributions, cash-equivalent instruments, or credit lines from suppliers guaranteed by business partners, up to an aggregate amount of EUR 4.0 million. This additional financing or support has not been committed as at the date of approval of the annual report. Management expects that the additional financing will be obtained and that the company will be able to meet its obligations as they fall due for at least 12 months from the balance sheet date. On this basis, the annual report has been prepared on a going concern basis. • entity - recognition measurement uncertainty • 2. Uncertainties concerning recognition and measurementThe company has recognized a deferred tax asset of DKK 18.256 thousand in the balance sheet. The company’s management has prepared a financial forecast for the next five years, in which it is expected that the company’s deferred tax assets can be utilized. The recognition of deferred tax assets is always associated with some uncertainty regarding the fulfillment of expectations for future earnings, which form the basis for the valuation. Therefore, there is an inherent uncertainty in the valuation of the tax asset. • entity - subsequent events • Events occurring after the end of the financial yearAfter the balance sheet date, the company's parent company C&C SPA has entered restructuring proceedings in Italy. Management is assessing the implications for the company's financing and continued operations, as described under going concern above. No other events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. • entity - contingent liabilities • 13.Contractual obligations and contingencies, etc. Lease liabilities The company has rent lease obligations for 2025 totaling DKK 14.795 thousand \(2024: DKK 12.492 thousand\). Of this, DKK 11.137 thousand \(2024: DKK 11.241 thousand\) is due within one year, and DKK 0 thousand \(2024: DKK 0 thousand\) is due after five years. The company has other operational lease obligations for 2025 totaling DKK 451 thousand \(2024: DKK 163 thousand\). Of this, DKK 315 thousand \(2024: DKK 152 thousand\) is due within one year, and DKK 0 thousand \(2024: DKK 0 thousand\) is due after five years. • entity - mortgages collateral • 12.Charges and securityFor bank loans, the company has provided security in company assets representing a nominal value of DKK 55.000 thousand. • entity