Why were shareholder contributions required, are they conditional, and how are they treated at closing?

Why ask this? Shareholder contributions have been received in 2 of the last 5 financial years (2024 and 2025).

Ask for Documentation of shareholder contributions and their terms

What pledges, company mortgages, guarantees and other contingent liabilities exist?

Why ask this? Pledged assets and guarantees: Notes are not always machine-readable in the digital filing.

Ask for Register of pledges and guarantees

What share of revenue do the five largest customers represent for each of the last three years?

Why ask this? Customer concentration: Revenue split by customer is not disclosed in Swedish annual reports for SMEs.

Ask for Revenue by customer, last three financial years

Which customers have been lost or materially reduced during the last three years, and why?

Why ask this? Customer churn: No public source reports customer retention.

Ask for Customer list with annual revenue per customer

What share of revenue is recurring or contracted, and over what remaining term?

Why ask this? Recurring revenue share: Revenue is reported as a single line item.

Ask for Contract register with terms and renewal dates

Do the largest customer contracts contain change-of-control, exclusivity or termination clauses?

Why ask this? Customer contract terms: Contracts, notice periods and change-of-control clauses are not publicly available.

Ask for Copies of the ten largest customer contracts

How is the inventory composed by age, and what write-down policy has been applied over the last three years?

Why ask this? Inventory increased +6.8% while revenue increased -4.1% in 2025.

Ask for Inventory listing by age with obsolescence assessment

What is the current order book and how does it compare with the same point last year?

Why ask this? Current order book: Order intake is not part of statutory reporting.

Ask for Order book report as of the latest month

What assumptions support the carrying value of intangible assets, and when was the last impairment test performed?

Why ask this? Intangible assets corresponded to 55.7% of adjusted equity in 2025.

Ask for Impairment test documentation and a specification of intangible assets

What are the current interest-bearing liabilities, terms and amortisation schedules?

Why ask this? Current debt balance: Only the closing balance of the latest annual report is available.

Ask for Loan agreements and latest bank statements

What has driven the reduction in the equity ratio, and are there plans for shareholder contributions or amortisation?

Why ask this? The equity ratio fell from 30.3% to 23.1% (-7.2 percentage points).

Ask for Reconciliation of the change in equity and liabilities over the period

What has consumed the operating cash flow over the last three years, and what is the current cash and credit facility position?

Why ask this? Cash and bank balances fell from SEK 6.2m (2021) to SEK 1.4m (2025).

Ask for Cash flow statements for the last three financial years

What is the cash and unused facility position as of the latest month end?

Why ask this? Current cash position: Cash is reported at the balance sheet date only.

Ask for Bank statements and credit facility agreements

Which customer relationships and operational responsibilities depend personally on the owner?

Why ask this? Owner dependency: Operational dependency on the owner cannot be assessed from public data.

Ask for Description of the owner's operational role and transition plan

Who are the key employees, what are their terms, and what is the staff turnover?

Why ask this? Employee retention and key persons: Only average headcount is reported.

Ask for Employee list with role, start date, salary and notice period

Which suppliers are critical, and what are the terms and alternatives?

Why ask this? Supplier concentration: Purchasing is not disclosed by counterparty.

Ask for Purchasing by supplier, last two years

Are there ongoing or threatened disputes, claims or regulatory matters?

Why ask this? Ongoing disputes: Court records are not covered by the free sources used in this analysis.

Ask for Written confirmation and documentation of any disputes