Devoteam Creative Tech ApS
Key figures
- Return on assets
- -122.3%
- Return on equity
- –
- Current ratio
- 57%
- Equity ratio
- -63.7%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 12,242,773 |
Operating profit | -14,342,350 |
Finance income | 36 |
Finance expenses | 138,072 |
Profit/loss for the year | -11,313,112 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 31 |
Personnel costs | 26,334,488 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 3,965,716 |
Current assets | 10,944,642 |
Non-current assets | 780,704 |
Total assets | 11,725,346 |
Equity | -7,474,385 |
Liabilities | 19,199,731 |
Current liabilities | 19,199,731 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 3,475,293 |
Other current receivables | 287,500 |
Trade payables | 122,293 |
Other current payables | 7,392,981 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 125,000 |
Retained earnings | -7,599,385 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 613,863 |
Property, plant and equipment | 166,841 |
Annual report highlights
Business and development
Description of key activities of the company
Like previous years, the activities are...
Development in activities and financial matters
The gross profit for the year totals DKK 12.243.000 against DKK 20.384.000 last year. Income or loss from ordinary activities after tax totals DKK -11.313.000 against DKK 734.000 last year. Management considers the net profit or loss for the year as being unsatisfied.
The company has lost more than 50% of the contributed capital and is thus subject to the Companies Act's rules for capital loss. The management expects to re-establish the company capital through future capital increases during 2023 or the merger of subsidiaries within the Devoteam Group. The company's owners have indicated in writing that they want to provide the necessary liquidity so that the company can meet its obligations as they fall due. The commitment is irrevocable and expires on 31 December 2023. Based on this, the annual accounts have been prepared on the assumption of going concern.
Risks and material matters
1.
Uncertainties relating to going concern
The company has lost more than 50% of the contributed capital and is thus subject to the Companies Act's rules for capital loss. The management expects to re-establish the company capital through future capital increases during 2023 or the merger of subsidiaries within the Devoteam Group. The company's owners have indicated in writing that they want to provide the necessary liquidity so that the company can meet its obligations as they fall due. The commitment is irrevocable and expires on 31 December 2023. Based on this, the annual accounts have been prepared on the assumption of going concern.
Events occurring after the end of the financial year
No events have occured subsequent to the balance sheet date, which would have material impact in the financial position of the company.
Commitments and security
5. Contingencies
Joint taxation…
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