Nasdaq CopenhagenIFRS · DKK

Rekom Group Holding ApS

Rekom Group Holding ApS is a Danish holding company whose financial reporting indicates ownership of operating subsidiaries and investments rather than direct end-market operations. The annual report structure points to a corporate group with revenue-generating activities, leased assets, intangible assets, and financial investments managed at group level.

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Revenue1,135m DKK
−0.6 %y/y
Net income-44.1m DKK
+17.4 %y/y
Free cash flow138m DKK
+206.8 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

05001,0001,5002,0002,500m DKK2022: 2,200 m DKK20222023: 2,005 m DKK20232024: 1,142 m DKK20242025: 1,135 m DKK20251,135
RevenueOperating profit (EBIT)
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Business

Share of revenue
Holding and corporate services25 %

Group ownership, capital management, and oversight of controlled entities.

Operating subsidiaries45 %

Revenue-producing activities conducted through consolidated subsidiaries.

Intangible assets10 %

Software, acquired technology, or other capitalized intangibles used in operations.

Property, plant and equipment10 %

Owned physical assets used in the group's operating activities.

Financial assets and investments10 %

Associates, equity interests, and other financial holdings at group level.

Customers

The available report excerpts do not identify end customers, so the most defensible description is that the company serves customers indirectly through its operating subsidiaries. Based on the presence of revenue, subsidiaries, and investments, the customer base is likely concentrated in the markets served by those operating entities rather than at the holding company level.

Subsidiary end customers

Buy goods or services from the group's operating companies; exact end markets are not disclosed.

Corporate and investment counterparties

Provide financing, acquisition, or transactional counterparties at the holding-company level.

Associated entities

Commercial and financial relationships with entities accounted for as associates or investments.

Strategy

The report structure suggests a strategy centered on managing a group of operating businesses, capital allocation, and oversight of assets such as intangibles, property, and financial interests. The presence of impairment tests, business combinations, and related-party disclosures indicates that acquisition management, integration, and valuation discipline are important to the group model.

Optimize portfolio of subsidiaries and investmentsMedium term

A holding-company model depends on disciplined capital allocation and control of portfolio value.

Protect asset value through impairment monitoringShort term

Intangible assets, PPE, and acquired investments can lose value if underlying businesses weaken.

Strengthen group financing and liquidity managementShort term

A holding structure requires cash discipline to support subsidiaries and meet obligations.

Geography

The company is domiciled in Denmark, and the available information does not disclose a wider country revenue split. As a result, Denmark is the only confirmed geographic anchor, while the operating footprint of subsidiaries cannot be verified from the provided excerpts.

Risks

The main risks are tied to the value and performance of subsidiaries, acquired assets, and financial investments rather than a single disclosed end market. Judgement-heavy areas such as impairment testing, contingent liabilities, and related-party transactions can materially affect reported results and balance-sheet strength.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Impairment of goodwill and intangible assets1Underperformance of controlled entities2Contingent liabilities and commitments3Related-party transaction risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Impairment of goodwill and intangible assetsImpact: HighLikelihood: Medium

    The report includes impairment tests and intangible assets, implying value depends on future cash generation.

    Exposure: Acquired assets and consolidated subsidiaries

  2. Underperformance of controlled entitiesImpact: HighLikelihood: Medium

    Group results depend on operating subsidiaries whose businesses are not described in the excerpt.

    Exposure: Consolidated subsidiaries

  3. Contingent liabilities and commitmentsImpact: MediumLikelihood: Medium

    The annual report includes contingencies, which can create unexpected cash or disclosure impacts.

    ExposureGuaranteesDisputesContractual commitments
  4. Related-party transaction riskImpact: MediumLikelihood: Medium

    Holding companies often have intercompany and related-party flows that require careful governance.

    Exposure: Associated entities and owners

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Accounting

Judgemental items
Revenue recognition

Note 4 indicates revenue is material, but the timing and method cannot be inferred from the excerpt alone.

Impact: Can affect period-to-period comparability

Impairment testing

Notes on impairment tests and intangible assets suggest management judgment in recoverability assumptions.

Impact: Can drive non-cash write-downs

Business combinations

Acquisition accounting can create goodwill and fair value allocations that affect future earnings.

Impact: Can materially affect balance sheet and later impairment risk

Leases

IFRS 16 lease accounting influences both liabilities and operating expense presentation.

Impact: Affects leverage and EBITDA-style measures

Related-party transactions

Transactions with owners, associates, or controlled entities may affect comparability and governance assessment.

Impact: Can influence cash flows and disclosure quality

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Last updated: 24/10/2026