VhAT ApS
Key figures
- Return on assets
- -20.9%
- Return on equity
- -20.7%
- Current ratio
- 2,542%
- Equity ratio
- 98.5%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 568,719 |
Operating profit | -2,433,049 |
Finance income | 67,098 |
Finance expenses | 5,895 |
Profit/loss for the year | -2,371,846 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 5 |
Personnel costs | 2,815,543 DKK |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 4,300,894 |
Current assets | 4,345,951 |
Non-current assets | 7,277,969 |
Total assets | 11,623,920 |
Equity | 11,452,957 |
Liabilities | 170,963 |
Current liabilities | 170,963 |
Working capital
| Reporting period | |
|---|---|
Other current receivables | 29,175 |
Trade payables | 24,307 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 100,244 |
Retained earnings | -9,062,003 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 15,200 |
Annual report highlights
Business and development
Description of key activities of the companyThe company's purpose is to conduct business in the development and sale of software for VAT management.
Significant changes in the company's activities and financial mattersThe gross profit for the year totals DKK 569 thousand against DKK -88 thousand last year. Profit or loss from ordinary activities after tax totals DKK -2.372 thousand against DKK -1.025 thousand last year. Management considers the net profit or loss for the year satisfactory.
During the financial year, the company raised 9,85 mDKK to support the finalisation of the first product. The development process has been fully in line with the predetermined budget and the company's work during the financial year has been focused and targeted, why management considers the year to be satisfactory.…
Expectations for the futureWith a solid version of the solution and a rollout where agreements have already been made with the first customers, the company is well positioned to increase its market presence. Management looks forward to continuing development and expanding the company’s activities with the aim of creating value for both customers and stakeholders.
Management will continue to focus on ensuring that the company’s strategy, budgets, and timelines are maintained in line with the upcoming market introduction.
Risks and material matters
1.
Financial resources
In line with the expectations for the future, Management has identified the need for additional liquidity to support the further development of the companies software. At the time of approval of the financial statements, Management are currently in dialogue with existing and new investors in order to secure the necessary funding. Until such funding has been received, the Company's principal shareholders have issued a letter of support, which enables the company to meet its obligations as they fall due. The letter of support expires at the earliest of the date of the next ordinary general meeting and the next capital raise.
Events occurring after the end of the financial yearNo events have occurred after the balance sheet date of material importance to the annual report for 2025.
Commitments and security
6.Contractual obligations and contingencies, etc.
Lease liabilities:
The company has entered into a rent obligation with a 3 months notice. The total rent obligation is DKK 15 thousand.
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