Fintech Solution Lab ApS
Key figures
- Return on assets
- -12.7%
- Return on equity
- –
- Current ratio
- 5,141.2%
- Equity ratio
- -2,054.8%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | -327,224 |
Operating profit | -327,224 |
Finance income | 32,925 |
Finance expenses | 1,114,836 |
Tax expense | 0 |
Profit/loss for the year | -1,409,135 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 0 |
Personnel costs | 0 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 570,615 |
Current assets | 2,570,615 |
Non-current assets | 0 |
Total assets | 2,570,615 |
Equity | -52,820,054 |
Liabilities | 55,390,669 |
Current liabilities | 50,000 |
Working capital
| Reporting period | |
|---|---|
Other current receivables | 2,000,000 |
Trade payables | 50,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 474,155 |
Retained earnings | -53,294,209 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 0 |
Annual report highlights
Business and development
In August 2024, the Company sold its Intellectual Property Rights to the subsidiary November First A/S and simultaneously sold November First A/S to Visma Holding Danmark A/S. Thereafter, the Company has been dormant and will be liquidated following the filing of the 2025 Annual Report, cf. below.
The income statement of the Company for 2025 shows a loss of DKK 1,409,135, and at 31 December 2025 the balance sheet of the Company shows a negative equity of DKK 52,820,054.
The 2024 sale of the subsidiary include an earn-out arrangement based on the former subsidiary’s realised profit in the period 2025-2027 to be concluded mid-2028. However, in September 2025, the acquirer informed the Company that it had decided to close down the former subsidiary and not utilize the acquired Intellectual Property Rights (“IPR”) effectively on 1st November 2025. Further, the acquirer informed Management that it does not intend to initiate a sales process regarding the acquired IPR. Consequently, Management has assessed that the earn-out arrangement will not generate any profit.As mentioned last year, …
Risks and material matters
Following the announcement from the acquirer of the former subsidiary November First A/S, that the acquirer closed the acquired company’s activity end 2025 it is Managements view that the agreed earn-out arrangement regarding the former subsidiary’s realised profit in the period 2025-2027 – to be paid out mid-2028 - will not generate any profit. To defer repayment of loans until then, the Company initiated a formal preventive reconstruction process which was approved at a meeting at the Maritime and Commercial Court (“Sø- og Handelsretten”) on 7th February 2025. The main effect of the reconstruction is that all debt as per 30th January 2025 will be deferred until 2028 and be subject to 2% interest p.a. Further, should the inflow of funds from the earn-out in 2028 not be sufficient to cove…
We refer to note 2 regarding uncertainty relating to recognition and measurement.
The balance sheet includes loans amounting to DKK 55.390.669. Based on the reconstruction, should the inflow of funds from the earn-out in 2028 not be sufficient to cover the Company's debt, loans etc will be reduced proportionately to ensure that the Company can be liquidated. As the formal process regarding liquidation prior to 2028 has not been initiated, Management has – despite the changed accounting policies mentioned in Note 1 – assessed that the debt shall be included in the accounts at the full value. This is approximately DKK 53.000.000 higher than the expected net realizable value, which requires legal confirmations before these adjustments can be recognized.
On 6 March 2026 the Company received the Dkk 2.000.000 holdback amount for Visma Danmark Holding A/S, which is included in the balance sheet as per 31 December 2025.
Commitments and security
Other contingent liabilities
The company has no other contingent liabilities apart from the liabilities already recognized in the balance sheet.
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