RelateIT Holding A/S
Key figures
- Return on assets
- –
- Return on equity
- 37%
- Current ratio
- 28.5%
- Equity ratio
- 98%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | -132,838 |
Finance expenses | 36,659 |
Tax expense | -22,329 |
Profit/loss for the year | 18,088,125 |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 195,995 |
Current assets | 278,214 |
Non-current assets | 49,630,520 |
Total assets | 49,908,734 |
Equity | 48,931,787 |
Liabilities | 976,947 |
Current liabilities | 976,947 |
Working capital
| Reporting period | |
|---|---|
Other current receivables | 44,930 |
Trade payables | 23,907 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 555,555 |
Retained earnings | 38,851,538 |
Proposed dividend recognised in equity | 0 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 49,630,520 |
Annual report highlights
Business and development
The main activity of the Company is investment activity in subsidiaries, within IT consultancy that focus on ERP solutions.
The income statement for 2023 shows a profit of DKK 18,088,125 against a profit of DKK 8,415,556 last year, and the balance sheet at 31 December 2023 shows equity of DKK 48,931,787. Management considers the Company's financial performance in the year satisfactory.
Risks and material matters
No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.
Commitments and security
The Company is jointly taxed with its parent, Twoday Holding Denmark ApS, which acts as management company, and is jointly and severally liable with other jointly taxed group entities for payment of income taxes for the income year 2023 onwards as well as withholding taxes on interest, royalties and dividends falling due for payment on or after 01 September 2023.
The Company has not provided any security or other collateral in assets at 31 December 2023.
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