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2022, DKK
17.04.2023
Bruttoresultat

19.949'

Primær drift

-4.470'

Årets resultat

-3.605'

Aktiver

21.162'

Kortfristede aktiver
Na.
Egenkapital

-17.811'

Afkastningsgrad

-21 %

Soliditetsgrad

-84 %

Likviditetsgrad

0 %

Resultat
17.04.2023
Årsrapport
2022
17.04.2023
2021
11.04.2022
2020
07.04.2021
2019
15.04.2020
2018
13.05.2019
2017
17.05.2018
2016
31.05.2017
2015
12.05.2016
Nettoomsætning
Bruttoresultat19.949.12516.376.0769.655.4952.625.2692.292.470364.0382.793.0080
Resultat af primær drift-4.469.688-4.934.766-13.220.127-13.209.651-5.382.914-5.998.953318.11780.462
Indtægter af kapitalandele (tilknyttede og associerede) -524.692-113.849-113.849-113.849-113.849-105.900-54.0300
Finansielle indtægter320.000315.000515.257410.649162.35936.9321.0170
Finansieringsomkostninger-662.640-2.433.788-2.028.409-749.798-681.575-119.73552.87731.174
Andre finansielle omkostninger00000000
Resultat før skat-5.337.020-7.167.403-14.847.128-13.662.649-6.015.979-5.891.656212.22749.288
Resultat-3.604.845-6.228.211-13.673.976-12.190.317-5.036.823-4.685.697129.35033.854
Forslag til udbytte00000000
Aktiver
17.04.2023
Årsrapport
2022
17.04.2023
2021
11.04.2022
2020
07.04.2021
2019
15.04.2020
2018
13.05.2019
2017
17.05.2018
2016
31.05.2017
2015
12.05.2016
Kortfristede varebeholdninger00000000
Kortfristede tilgodehavender fra salg og tjenesteydelser 11.576.14112.042.86110.420.49311.110.8528.942.8035.061.5601.449.322593.644
Likvider02.781.6243.627.28100000
Kortfristede aktiver0000000593.644
Immaterielle aktiver og goodwill8.785.2728.492.2188.801.5817.927.2855.660.4223.241.993894.980633.287
Finansielle anlægsaktiver338.845816.107934.8361.044.0351.154.9891.268.838847.5001.530
Materielle aktiver461.414584.698637.690929.7071.102.2921.007.49082.6280
Langfristede aktiver9.585.5319.893.02310.374.1079.901.0277.917.7035.518.3211.825.108634.817
Aktiver21.161.67224.717.50824.421.88121.011.87916.860.50610.579.8813.274.4301.228.461
Aktiver
17.04.2023
Passiver
17.04.2023
Årsrapport
2022
17.04.2023
2021
11.04.2022
2020
07.04.2021
2019
15.04.2020
2018
13.05.2019
2017
17.05.2018
2016
31.05.2017
2015
12.05.2016
Forslag til udbytte00000000
Egenkapital-17.810.580-19.205.735-12.977.524696.452-2.113.2303.123.593421.576298.490
Hensatte forpligtelser000000132.99850.121
Langfristet gæld til banker00000000
Anden langfristet gæld957.6140507.7960000
Leverandører af varer og tjenesteydelser790.400561.858644.277899.689585.220305.708267.526128.226
Kortfristede forpligtelser17.878.59024.227.13514.760.54212.455.67711.452.3357.202.9712.719.856879.850
Gældsforpligtelser38.972.25243.923.24337.399.40520.315.42718.973.7367.456.2882.719.856879.850
Forpligtelser38.972.25243.923.24337.399.40520.315.42718.973.7367.456.2882.719.856879.850
Passiver21.161.67224.717.50824.421.88121.011.87916.860.50610.579.8813.274.4301.228.461
Passiver
17.04.2023
Nøgletal
17.04.2023
Årsrapport
2022
17.04.2023
2021
11.04.2022
2020
07.04.2021
2019
15.04.2020
2018
13.05.2019
2017
17.05.2018
2016
31.05.2017
2015
12.05.2016
Afkastningsgrad -21,1 %-20,0 %-54,1 %-62,9 %-31,9 %-56,7 %9,7 %6,5 %
Dækningsgrad Na.Na.Na.Na.Na.Na.Na.Na.
Resultatgrad Na.Na.Na.Na.Na.Na.Na.Na.
Varelagerets omsætningshastighed Na.Na.Na.Na.Na.Na.Na.Na.
Egenkapitals-forretning 20,2 %32,4 %105,4 %-1.750,3 %238,3 %-150,0 %30,7 %11,3 %
Payout-ratio Na.Na.Na.Na.Na.Na.Na.Na.
Gældsdæknings-nøgletal -674,5 %-202,8 %-651,7 %-1.761,8 %-789,8 %-5.010,2 %-601,6 %-258,1 %
Soliditestgrad -84,2 %-77,7 %-53,1 %3,3 %-12,5 %29,5 %12,9 %24,3 %
Likviditetsgrad Na.Na.Na.Na.Na.Na.Na.67,5 %
Resultat
17.04.2023
Gæld
17.04.2023
Årsrapport
17.04.2023
Nyeste:01.01.2022- 31.12.2022(offentliggjort: 17.04.2023)
Information om virksomhedens regnskabsklasse:The Annual Report of AskCody ApS for 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act for enterprises in reporting class B and certain provisions applying to reporting class C. Regnskabsklasse B1 true true The Annual Report is prepared consistently with the accounting principles applied last year.
Beretning
17.04.2023
Dato for ledelsens godkendelse af årsrapporten:2023-03-14
Oplysning om usædvanlige forhold:Prerequisite for continued operation 10 During 2022 AskCody’s operations and growth has for the main part been self-funded by our own operations, including a tight cash management and the funds from loans obtained in prior years. The financial activities secure the company's forecasted operations, investments, and payment obligations during 2023, with a focus on continued long-term growth and long-term value-creating development activities. Thus, the necessary funds is secured to support the company going forward.
Statement by Management on the annual report
Identifikation af den godkendte årsrapport:Today the Board of Directors and Executive Board have discussed and approved the Annual Report of AskCody ApS for the financial year 1 January - 31 December 2022.
Management's review
Beskrivelse af virksomhedens væsentligste aktiviteter:Principal activities AskCody is a Category Leading Meeting Management and Workspace Scheduling Platform for Law Firms and Corporate Offices that's providing control of the workplace while driving workspace efficiency across meetings and conference services. Through our intelligent and cohesive SåS platform, combining Advanced Meeting Room Booking and Desk Hoteling, Workspace Services Management (Hospitality, Catering and Facilities Services), Visitor Management, and Workspace Insights, AskCody is helping organizations and employees manage meetings smarter. The Platform is designed to equip everyone in the Workplace with the right tools they need for a seamless end to end experience in today’s office and modern meetings. In its essence, AskCody is the Flight Control, the command center, for the workspace providing Certainty, Confidence and Control. The Platform is giving Office Managers, Booking Coordinators, Hospitality Teams, Meeting Administrators, Executive Assistants and Conference Service Managers an overview of what gøs on, where and when allowing them to stay ahead of the workday. AskCody is driving massive efficiencies through a more modern solution than what was historically done with manual processes or a handful of disjoint point solutions. The Platform provides employees with the room and the amenities they need taking friction out of room scheduling while empowering all back-office staff with the tools and features they need to support and manage meetings across the entire workplace, making meetings start on time, in the right room, in the right setting, with the right services. AskCody helps standardizing meeting management onto one, globally scalable, cloud-based workspace scheduling solution. The Platform simplify the entire workspace booking experience and improve productivity across the entire workplace. 2022 Perfomance Launched in January 2017, the AskCody Platform is managing meetings across 300+ happy enterprise clients (NPS on 63) primarily among Financial Services, Professional Services and Large Corporate Offices in Western Europe, North America and Australia, supporting close to 500,000 users, managing to 20,000 meeting rooms globally, on 2,500 locations and offices. In 2022 AskCody has performed sustainable growth on 16% Year-over-Year, are on the path to profitability and perform a healthy growth relative to burn, controlling our own destination, with the possibility and ability to scale and accelerate further in 2023. For 2022, we see an organic 16% ARR growth YoY as satisfactory in the current market conditions, and thus feed of an even stronger basis going into 2023. Through 2022, we realized a consistent high Gross Revenue Retention (GRR) on 92% trailing 12 months. Expansion Rates has across our install base been +16% trailing 12-month, primarily driven by even stronger customer relations, product penetration and higher consumption of features and modules in our Platform. At end of 2022 our Net Revenue Retention (NRR) was 108%. Over the year, 300 new locations and offices globally was added to the AskCody Platform. Despite a continued challenging market due to Covid-19 lockdowns and restrictions on being physically present in the workplace, and a slow return to the office, we have made it possible to realize a controlled growth, especially on expanding existing customers. Expanding our current customer base and penetrating further, has been the main driver of growth. Despite a change in market conditions on the whole concept of “an Office”, hybrid work, remote, or work from home, we have seen an increasing trend and demand in the market going out of the year and into 2023, which allows us to have high expectations for the future. These expectations on growth are further initiated by product development, innovation and improvements, and adaptation to changed needs in the market. Going into 2022, despite adjustments of the organization and operations derived from market conditions and change of priorities, it is our clear expectation that with the continued improvements and development of our Platform, the continued expansions of the customer portfolio and strong retention, as well as the trends we saw in the market at the end of 2022, we would be able to develop the company, and grow significantly on the defined growth metrics and key value indicators, which together with the board of directors and shareholders, were assessed as being the most important for the company in 2023. We see the results of 2022, a growth on 16% on ARR YoY, as satisfying and overall, as a fulfillment of our plan and ambitions for 2022. Despite changing market conditions, and adjustments to our organization throughout the year, we have been able to deliver accordingly to our strategy and plans and finish the year as expected. Market Position In 2022, we have continued to hold a significant market position and is recognized and positioned in Gartner's Meeting Management and Resource Scheduling market report, in which Gartner offers consumers accessible insights into major market trends by comparing market leaders' and trendsetters' solutions, as well as stating AskCody's market position in “Meeting Management”. By G2, AskCody is named one the leaders of the category “Room Booking Systems” which supports our prominent and relevant market position. We have seen a high effect and positive impact from this in 2022, and we expect that the positive impact will continue going into 2023, where we aim to claim the position further, clearly positioning us a category leader for our distinct and selected verticals, being Law firm and Large Corporate Offices. In 2022, we reached a market share on 2% for Law Firms in US, with the largest single vendor in the market having a market share on 6%. We reach for 4-5% by 2023. Continued market development derived from Covid-19 In 2022 the markets globally started to adapt to the changes driven by Covid-19 and the wave of return to office consistently. Organizations and workplaces started to adapt to a new world and a changed workplace, where work is no longer a place you go, but something you do. The raise of the hybrid workplace, where workers are primarily doing focus work at home, while collaborating and socially engaging in the workplace has started to settle and find its new normal which positive impacts AskCody. At the same time, digitalization and digital transformation of the workplace and workforce, are further catalyst of growth. For AskCody, and the category in general, this has been great driver of growth since organizations globally have invested heavily in workplace management software to support new and emerging needs and workstyles. Financing During 2022 AskCody’s operations and growth has been self-funded by earlier cash reserves, our operations, and a tight cash management. No external funding our loan agreements has been made. These financial activities secure the company's forecasted operations, investments, and payment obligations during 2023, with a focus on continued long-term growth and long-term value-creating development activities. Thus, the necessary funds is secured to support the company going forward. Capital loss The company's assets and liabilities have been assessed with continued operations in mind. The Management is aware that the company has a capital loss and is thus covered by section 119 of the Danish Companies Act. It is Management's assessment that the company, despite the capital loss, still has the necessary capital base to ensure continued operations. The Share capital is expected to be re-established through future earnings. Management continuously assesses the capital base and the need of action. Compliance During 2022, focus has been on continuing activities and measures that strengthen the company's security and procedures in relation to Information Security and compliance with data processing legislation. With the continued increase in demands from customers and the outside world, this is still a high priority on the company's agenda and a basic premise in our way of operating. Again in 2022 the company received an ISAE 3000 accreditation regarding the company's information security policy and implemented standards, processes and procedures that underline and confirm our compliance with the GDPR and all related legislation on data processing. The company expects to maintain this accreditation in 2023. During 2022 the company has implemented a large number of additional security measures derived from the European Data Protection Board's follow-up to Shcrems II and rules on EU Standard Contracts regarding data processing and transfer of data. Organization Headquartered in Ålborg, Denmark, and Boston, MA, AskCody has 35 dedicated employees working passionately to help organizations managing meetings smarter. Due to changes in priorities and strategy, 5 positions have been terminated to adjust the organization. Throughout the year, we have been striving to consistently increase the organizational focus as well as continued develop and implement updated management structures to dynamically meet the organizations needs and supporting our overall strategy.