XtensionIT ApS
Key figures
- Return on assets
- -4%
- Return on equity
- –
- Current ratio
- 34.1%
- Equity ratio
- -4.6%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 1,711,212 |
Operating profit | -630,532 |
Finance income | 13,584 |
Finance expenses | 533,603 |
Tax expense | -278,601 |
Profit/loss for the year | -871,950 |
Employees
| Reporting period | |
|---|---|
Personnel costs | 0 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 2,191,452 |
Current assets | 4,944,714 |
Non-current assets | 10,873,666 |
Total assets | 15,818,380 |
Equity | -735,286 |
Liabilities | 16,553,666 |
Current liabilities | 14,489,827 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 444,729 |
Other current receivables | 241,743 |
Trade payables | 1,933 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 40,000 |
Retained earnings | -8,874,545 |
Annual report highlights
Business and development
The main activity of the Company is to own IP rights, offer IT solutions and other related solutions and to profit from license income.
The income statement for 2023 shows a loss of DKK 871,950 against a profit of DKK 127,454 last year, and the balance sheet at 31 December 2023 shows a negative equity of DKK 735,286.
Risks and material matters
We note that the Company has current liabilities exceeding current assets. Management has decided to present the financial statements on a going concern basis. Any additional support to secure the operation and financing will be covered by the parent company.
No events materially affecting the Company's financial position have occurred subsequent to the financial year-end.
Commitments and security
Other contingent liabilities
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 1 September 2023.
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