Flexmusic ApS
Key figures
- Return on assets
- 97.7%
- Return on equity
- –
- Current ratio
- 808.1%
- Equity ratio
- -234.5%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 475,857 |
Operating profit | 454,797 |
Finance income | 4,116 |
Finance expenses | 64,480 |
Tax expense | 0 |
Profit/loss for the year | 394,433 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 0 |
Personnel costs | 10,127 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 89,770 |
Current assets | 415,377 |
Non-current assets | 50,000 |
Total assets | 465,377 |
Equity | -1,091,525 |
Liabilities | 1,556,902 |
Current liabilities | 51,404 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 87 |
Other current receivables | 312,314 |
Trade payables | 4,810 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 100,000 |
Retained earnings | -1,191,525 |
Investments and assets
| Reporting period | |
|---|---|
Property, plant and equipment | 50,000 |
Annual report highlights
Business and development
The principal activities of the Company are production and distribution of physical and digital media andsolutions for entertainment, education and information industries.
Financial reviewThe income statement of the Company for 2024/2025 shows a profit of DKK 394.433 and at 31 March
2025 the balance sheet of the Company shows negative equity of DKK 1.091.525.…
Risks and material matters
1. Capital resourcesThe annual result shows a profit of DKK 394.433. The company is mainly financed via Sony MusicEntertainment Denmark A/S. The company is dependent on a credit line from Sony Music EntertainmentDenmark A/S to continue operations. The utilized credit line as of March 31, 2025, is DKK 1.505.498.
Sony Music has declared that the intercompany account between Flexmusic ApS and Sony MusicEntertainment Denmark A/S will not be due for at least 365 days after the balance sheet date, and whenthe company has sufficient funds for this.…
No events materially affecting the assessment of the Annual Report have occurred after the balancesheet date.
Commitments and security
6.1 Contingent liabilitiesThe group's companies are jointly liable for tax on the group's consolidated income, etc. The total amountof corporate tax payable is stated in the annual report for Flexmusic Holding ApS, which is theadministrative company in relation to the joint taxation. The group's companies are also jointly liable forDanish withholding taxes in the form of dividend tax, royalty tax, and interest tax. Any subsequentcorrections to corporate taxes and withholding taxes may result in the company's liability amounting to alarger amount.
There are no further guarantees and contingent liabilities as of March 31, 2025
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