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v3.23.4

Loan Payable and Related Party Loan | 6 Months Ended
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Jun. 30, 2023
Loan payable [Abstract] |
Loan Payable and Related Party Loan | Note 13 — Loan payable and related party loan
|  | June 30, 2023 |  |  | December 31, 2022 |
|  | EUR |  |  | EUR |
Unsecured – at amortized cost: |  |  |  |  |  |
Small and medium enterprises guarantee fund interest rate: 0.75% per annum (as at December 31, 2021: interest rate: 0.75% per annum) |  |  | 21,916 |  |  |  | 21,916 |
Related party loan |  |  | 128,910 |  |  |  | - |
Analyzed between: |  |  |  |  |  |  |  |
Current portion |  |  |  |  |  |  |  |
Within 1 year |  |  | 6,203 |  |  |  | 6,203 |
Related party loan within 1 year |  |  | 128,910 |  |  |  | - |
Non-current portion |  |  |  |  |  |  |  |
Within 2 to 5 years |  |  | 15,713 |  |  |  | 15,713 |
|  |  | 150,826 |  |  |  | 21,916 |
The loan was drawn on June 25, 2020 from an independent third party. The monthly interest rate is 0.0625% and the annualized interest rate is 0.75% per annum. The loan term is 6 years and repayment of principal begins 2 years from the loan drawdown date. The related party loan is non-interest bearing and due on demand.

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