Intangible assets (Details Narrative) - EUR (€) |
1 Months Ended | 12 Months Ended | |
|---|---|---|---|
Feb. 28, 2023 |
Dec. 31, 2025 |
Dec. 31, 2024 |
|
| IfrsStatementLineItems [Line Items] | |||
| Forecasted revenues and EBIT margin, description | Projected 3 year run rate revenue of €72.6 million based on (0.44% annual market penetration of ~400m addressable U.S. and E.U. female population) or 151,375 units per year priced at €40 per unit, resulting in €30.0 million EBIT | ||
| Market risk adjusted EBIT multiple, description | EBITDA Multiple: 6x: 2/3 less than 19x multiple for observed public company comparables for risk | ||
| Discount rate | 40.00% | ||
| Key valuation assumptions run rate description | 3 year run rate EBIT €30M: -/+10%: (€27M = €59M, €33M =€72M) | ||
| Key valuation assumptions earnings before interest taxes depreciation, and amortization description | EBITDA multiple 6x: -/+ .05%: (5.5x = €60M, 6.5x = €71M) | ||
| Key valuation assumptions discount rate description | Discount rate 40%: -/+ 5%: (35% = €73M, 45% = €59M) | ||
| Licensing | € 220,000,000 | ||
| Expected intellectual property rights | 10 years | ||
| Impairment loss | € 0 | € 0 | |
| Bottom of range [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Discount rate | 30.00% | ||
| Top of range [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Discount rate | 47.50% | ||
| Intangible Asset [Member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Shares issued during period | 12,258,458 | ||
| Proceeds from acquisition of intangible asset | € 65,000,000 | ||