Zupa A/S — Financial report

CVR 20643102

Latest financial period

  • 2025 • 2024-07-01 • 2025-06-30 • entity • DKK • 44014831 • -10245743 • -8094228 • 29692342 • 10213551 • 73

Financial history

  • 2024 • 2023-07-01 • 2024-06-30 • entity • DKK • 54812137 • -4871453 • -3832325 • 37412039 • 18307779 • 74
  • 2023 • 2022-07-01 • 2023-06-30 • entity • DKK • 54633867 • -618747 • -517575 • 36545691 • 22140104 • 73
  • 2022 • 2021-07-01 • 2022-06-30 • entity • DKK • 48819561 • 1353531 • 1418104 • 38936933 • 22657678 • 65
  • 2021 • 2020-07-01 • 2021-06-30 • entity • DKK • 44871132 • 2795608 • 1381051 • 98282979 • 21239575 • 67
  • 2020 • 2019-07-01 • 2020-06-30 • entity • DKK • 23591357 • -3336764 • -2158818 • 73358529 • 17348785 • 49
  • 2019 • 2018-07-01 • 2019-06-30 • entity • DKK • 24072248 • -404108 • -73116 • 66766239 • 19507603 • 48
  • 2018 • 2017-07-01 • 2018-06-30 • entity • DKK • 30022244 • 1808353 • 1878580 • 59579503 • 19580719 • 47

Annual report highlights

  • primary activities • ZUPA operates as an advertising agency, providing strategic and creative services to a variety of clients. • entity
  • development in activities and financial affairs • The income statement for the period 01.07.24 - 30.06.25 shows a profit/loss of DKK -8,094,228 against DKK -3,832,325 for the period 01.07.23 - 30.06.24. The balance sheet shows equity of DKK 10,213,551.The unsatisfactory result was influenced by an unexpected decline in activity from a select few major clients, compounded by unsuccessful growth investments. This development led to a reduction in our workforce and a revised focus on core competencies. However, sufficient cost reductions could not be achieved within the fiscal year. The overall market situation for creative agencies is characterized by low to negative growth expectations over the next five years, accompanied by a high degree of uncertainty. This has led to considerations on how best to leverage ZUPA’s competencies and role within the Spring Family going forward, by sharpening its focus on creative development and brand strategy. As a result of these considerations, a new strategy has been implemented, informing a restructuring of ZUPA’s client base, staff, and competencies. This allows for a clearer positioning, management, and focus of ZUPA. • entity
  • expected development • As of 1 July 2025, 50% of ZUPA’s activities have been transferred to our sister company, Spring CC. This organizational change has been accounted for in the current and near-future fiscal years, as it impacts our expectations going forward. No other significant events have occurred after the end of the financial year. ZUPA has optimized and streamlined its organization to focus on core competencies, with the goal of ensuring profitability while pursuing moderate growth. In the upcoming financial year, ZUPA expects result before tax to improve by approximately DKK 3-4 mio. This negative result is anticipated and reflects ZUPA’s function as a long-term value-creating business for the Spring Family, supporting and enabling more new business opportunities for the group. Very moderate sales growth is expected from both existing and new clients, although market uncertainty and client budget constraints within marketing are likely to influence overall growth rates. ZUPA will continue to pursue new business opportunities and adapt its service offerings to meet evolving market demands. Balancing the ambition to achieve profitability with the need to invest in future-oriented capabilities and services remains essential for sustaining ZUPA’s long-term performance as a growth enabler for Spring Family. • entity
  • subsequent events • No important events have occurred after the end of the financial year. • entity
  • contingent liabilities • 6.Contingent liabilitiesOther contingent liabilitiesThe group companies are jointly and severally liable for tax on the group’s jointly taxedincome etc. Moreover, the group companies are jointly and severally liable for Danishwithholding taxes by way of dividend tax, royalty tax and tax on unearned income. Anysubsequent adjustments to corporation taxes and withholding taxes may imply that theCompany's liability is higher. • entity
  • assets pledged as security • 8.Charges and securityThe company enters into a cashpool arrangement with the group. The group companies arejointly and severally liable for the credit limit.An all monies mortgage of DKK 34,000k has been provided as security for the group withNordea Bank A/S, securing a company charge over receivables from sale, other plant,operating equipment and inventory as well as goodwill. The Company’s book value of thesaid assets totals DKK 21,559k on 30 June 2025. • entity