Keyhole Aps

Development in activities and financial and economic position




Evaluating the results from 2022, we are pleased with the continued growth of Keyhole Deposit as well as the introduction of the new product Keyhole Split, adding improved options for tenants when renting a new home. We entered the Norwegian market, from which we are seeing and expecting great results in 2023. Operating profit for the year 2022 is DKK ('000) -4,660, whereof DKK ('000) -2,505 is related to burn on IP development cost. Current funds (committed and expected) extend throughout 2023 according to the investment plan. We have continued maturing the Keyhole platforms, gaining traction and expanding our reach in the market, additionally preparing for further cross-border expansion and internationalization. We successfully secured additional funding from new investors to maintain a high momentum. We are very confident in our expectations for 2023, where Keyhole will continue building and maturing the platforms as well as expanding and growing market positions.



As a result of the year's negative result, the company has lost its equity and is thus subject to Section 119 of the Companies Act. The management expects the company's capital to be fully re-established as a result of agreed funding in August 2023. The company's management has chosen to present the annual accounts under the assumption of continued operations. Reference is also made to the note "Conditions for continued operation", where the conditions for next year's operation are described.