FLATPAY ApS
Key figures
- Return on assets
- -36.4%
- Return on equity
- -52.3%
- Current ratio
- 548.9%
- Equity ratio
- 76.7%
Profit and loss
| Reporting period | |
|---|---|
Revenue | 39,261,672 |
Gross profit | 4,152,713 |
Operating profit | -70,271,326 |
Finance income | 1,614,177 |
Tax expense | 253,503 |
Profit/loss for the year | -77,453,163 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 957 |
Personnel costs | 69,345,779 EUR |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 139,359,562 |
Current assets | 148,563,873 |
Non-current assets | 44,414,700 |
Total assets | 192,978,573 |
Equity | 147,996,071 |
Liabilities | 44,982,502 |
Current liabilities | 27,063,546 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 4,238,181 |
Other current receivables | 2,626,406 |
Trade payables | 8,521,117 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 18,384 |
Retained earnings | 145,730,448 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 1,480,801 |
Property, plant and equipment | 40,052,822 |
Annual report highlights
Risks and material matters
Unusual circumstances affecting recognition and measurement
No unusual circumstances have impacted on the recognition or measurement of the company's financial positionduring 2025.
No material events have occured after the balance sheet date to this date, which would influence the annual report.
Commitments and security
The Entity serves as the administration company in a Danish joint taxation arrangement. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and also for obligations, if any, relating to the withholding of tax on interest, royalties and dividends for these entities.
20 Assets charged and collateral
The growth loan with Eifo contains the right for Eifo to receive an extra payment based on an exit scheme defined
in the loan agreement. The exit scheme payment consists of an amount of 5% of the added value of the Company, however capped at 20% of the principal amount of the loan (0,5m euro) thus 0,1m euro. A company charge amounting to 9,5m euro has been provided to Danske Bank and Eifo. The security includes goodwill, intangible assets, operating equipment and fixtures and trade receivables. The carrying amount is 26m euro.
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