Aegir Insights ApSActive
Key figures
Key ratios
2025Balance sheet structure
Corporate tax
income year 2024Source: the Danish Tax Agency's public company tax lists. Calculated tax for the income year; may be lower than 22% of income, e.g. when tax is paid abroad. sktst.dk
Financial statements2018–2025
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|
| Balance sheet — assets | ||||||||
| Cash and cash equivalents | 25.000 | 122.744 | 731.365 | 301.089 | 7.558.754 | 4.365.644 | 44.765.170 | 32.100.933 |
| Total current assets | 25.000 | 559.383 | 1.192.676 | 1.039.604 | 8.596.856 | 7.170.419 | 48.425.460 | 34.359.915 |
| Total non-current assets | 0 | — | 695.955 | 1.236.919 | 2.201.108 | 4.496.342 | 11.070.750 | 14.176.955 |
| Total assets | 25.000 | 559.383 | 1.888.631 | 2.276.523 | 10.797.964 | 11.666.761 | 59.496.210 | 48.536.870 |
| Balance sheet — liabilities and equity | ||||||||
| Current liabilities | 0 | 192.201 | 553.365 | 1.005.617 | 1.134.523 | 11.522.145 | 8.697.433 | 8.231.651 |
| Non-current liabilities | 0 | — | — | — | 3.876.500 | 3.891.938 | 4.364.025 | 3.994.559 |
| Total liabilities | 0 | 192.201 | 553.365 | 1.005.617 | 5.011.023 | 15.414.083 | 13.061.458 | 12.226.210 |
| Share capital | 25.000 | 98.040 | 167.113 | 177.843 | 218.000 | 218.000 | 397.969 | 397.969 |
| Retained earnings of previous periods | 0 | 242.182 | 625.308 | 128.266 | 3.678.211 | -7.311.152 | 38.148.186 | 24.199.790 |
| Profit for the year | 0 | 242.182 | 127.179 | -291.813 | -457.831 | -9.360.397 | -11.546.149 | -10.124.092 |
| Total equity | 25.000 | 367.182 | 1.335.266 | 1.270.906 | 5.613.075 | -3.747.322 | 46.434.752 | 36.310.660 |
| Income statement | ||||||||
| Sales revenue | 0 | — | 462.899 | 2.755.153 | — | — | — | — |
| Gross profit | — | 336.124 | — | — | 3.554.596 | 4.327.046 | 8.150.009 | 10.716.535 |
| Operating profit | 0 | — | — | -386.639 | -561.941 | -9.464.727 | -10.966.545 | -9.728.108 |
| EBITDA | 0 | — | — | -349.274 | -232.138 | -8.944.160 | -9.909.895 | -7.950.911 |
| Profit before income tax | 0 | 336.124 | -52.175 | -396.585 | -586.691 | -10.108.240 | -11.546.581 | -10.124.092 |
| Profit for the reporting year | 0 | 242.182 | 127.179 | -291.813 | -457.831 | -9.360.397 | -11.546.149 | -10.124.092 |
| Labour costs | 0 | — | — | 1.668.348 | 3.786.734 | 9.054.024 | 18.059.904 | 18.667.446 |
| Depreciation of non-current assets | 0 | — | 28.380 | 37.365 | 329.803 | 520.567 | 1.056.650 | 1.777.197 |
| Other indicators | ||||||||
| Employees | — | — | — | 1 | 8 | 16 | 25 | 24 |
| Dividends | 0 | — | — | — | — | — | — | — |
A dash (—) means the report has not been filed or the line is not reported; 0 is a zero stated in the report.
About the company
Annual report 2025The company's main activity consists of running a business with subscription based digital products within renewable energy and related business.
Development in activities and finances2025 was a year of disciplined execution. Revenue grew, driven primarily by the SaaS subscription book, while theCompany reduced its cash burn versus 2024. The Company ended the year with a broadly stable number of full-time-equivalent employees. Operating loss before depreciation, amortisation and capitalisation of development costs improved meaningfully versus 2024.The cash position at 31 December 2025 reflects continued investment in product development. The Company's liquidity position is considered solid and adequate to support the Company's operations under the current plan. Management considers the development of the Company in 2025 to be satisfactory.
Excerpt from the management's review in the latest annual report.