Owners, management and financials
CVR: 14689605
Secondary names: INDUSTRIAL RESEARCH & DEVELOPMENT A/S, INTERNATIONAL RESEARCH & DEVELOPMENT A/S, IRD A/S
Previous names: ApS SPKR 4 NR. 3211, ULTRASONIC PROCESSING SYSTEMS ApS, INNOVISION R&D A/S
DKK 23,834,887
Gross profit
Net result: DKK -107,684,931
Weifu Holding ApS (100%)
CVR · view owners
Liangyu Cao
Board: Sheng Xu (chair) and 5 members
CVR · view management
Active
Founded 1 August 1990
CVR · view overview
30 employees
CVR · 2018
Director registered: Liangyu Cao
CVR · 12/01/2026
View the full event history
IRD Fuel Cells A/S is a Danish company of the type Aktieselskab based in Odense SØ, founded in 1990. The company is registered under the industry Forskning og eksperimentel udvikling inden for naturvidenskab og teknik. The company was previously named EWII Fuel Cells A/S and IRD A/S. The management consists of Liangyu Cao. The board consists of Sheng Xu (chair), Feng Xu, Gang LI and Hui XU. The company is owned by Weifu Holding ApS. The company has 30 employees (2018). In 2025, the company reported a gross profit of DKK 23,834,887 and a net result of DKK -107,684,931 compared with DKK -19,765,434 the year before. Equity in the 2025 report amounted to DKK 244,101,808.
Source: annual report 2025, Danish Business Authority
The financial health of IRD Fuel Cells A/S shows a concerning trend, with consistent annual losses over the past five years, culminating in a profit loss of 107.7 million DKK in 2025. Gross profit has fluctuated slightly, peaking at 27.8 million DKK in 2024 but has generally remained around the 23 million DKK mark. Despite these challenges, the company maintains a solid equity position of 244.1 million DKK, indicating some financial resilience. However, the lack of revenue disclosure raises concerns about its operational viability and market position within the research and development sector. Overall, the company faces significant profitability challenges that may hinder its growth trajectory.
AI-generated summary · Generated 14/08/2026
Selskabets formål er at producere og levere komponenter og/eller brændselsceller og/eller beslægtede komponenter og systemer og hertil knyttede teknologiske og kommercielle ydelser og, at udøve rådgivning, forskning og anden eksperimentel udvikling inden for brændselscelleteknologi at være interessent eller aktionær i øvrige selskaber beskæftiget hermed, og at drive al form for virksomhed, hvor virksomhedens viden og kompetencer kan udnyttes for derigennem at skabe forretningsmæssig værdi. Selskabsaktiviteterne kan udøves i såvel indland som udland.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | - | -107.7 mio. | 319.6 mio. | 244.1 mio. | 79 | |
| 202401/01/2024 – 31/12/2024 | - | -19.8 mio. | 406 mio. | 202.4 mio. | 70 | |
| 202301/01/2023 – 31/12/2023 | - | -17.1 mio. | 374.7 mio. | 220 mio. | 70 | |
| 202201/01/2022 – 31/12/2022 | - | -20.1 mio. | 297.2 mio. | 206.1 mio. | 36 | |
| 202101/01/2021 – 31/12/2021 | - | -27.6 mio. | 133.7 mio. | 118.3 mio. | 36 | |
| 202001/01/2020 – 31/12/2020 | - | -24 mio. | 72.8 mio. | 45.9 mio. | 36 | |
| 201901/01/2019 – 31/12/2019 | - | -20.3 mio. | 90.4 mio. | 69.9 mio. | 36 | |
| 201801/01/2018 – 31/12/2018 | - | -22 mio. | 24 mio. | 6.3 mio. | 22 | |
| 201701/01/2017 – 31/12/2017 | - | -17.3 mio. | 35.4 mio. | -2.5 mio. | 25 | |
| 201601/01/2016 – 31/12/2016 | - | -8.5 mio. | 32.3 mio. | 8 mio. | 29 | |
| 201501/01/2015 – 31/12/2015 | - | -8.1 mio. | 29.3 mio. | 2.6 mio. | 28 | |
| 201401/01/2014 – 31/12/2014 | - | -9.8 mio. | 23.4 mio. | 10.8 mio. | 29 | |
| 201301/01/2013 – 31/12/2013 | 18.1 mio. | -5.4 mio. | 20.5 mio. | 10.7 mio. | 28 |
Compared to 1.039 companies in Forskning og eksperimentel udvikling inden for naturvidenskab og teknik
Comparison is based on industry median values
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Try the lead list generatorThe CVR number of IRD Fuel Cells A/S is 14689605.
IRD Fuel Cells A/S is owned by Weifu Holding ApS.
The management of IRD Fuel Cells A/S consists of Liangyu Cao.
The board of IRD Fuel Cells A/S consists of Sheng Xu, Feng Xu and Gang LI, with Sheng Xu as chair.
In 2025, IRD Fuel Cells A/S reported a gross profit of DKK 23,834,887.
IRD Fuel Cells A/S had 30 employees in 2018 according to the Danish CVR register.
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IRD Fuel Cells A/S has published its annual report for 2025. Gross profit came to DKK 23,834,887, and the net result was DKK -107,684,931.
Contact info changed: new phone: 63633000, new email: [email protected] (January 23, 2026).
Contact info changed: new phone: 63633000, new email: [email protected] (January 22, 2026).
As of January 12, 2026, Liangyu Cao is registered as adm. dir. of IRD Fuel Cells A/S.
As of January 12, 2026, Shi Hui has stepped down as adm. dir. of IRD Fuel Cells A/S.
As of January 11, 2026, Liangyu Cao has stepped down as director of IRD Fuel Cells A/S.
As of October 28, 2025, Liangyu Cao is registered as director of IRD Fuel Cells A/S.
As of October 28, 2025, Shi Hui is registered as adm. dir. of IRD Fuel Cells A/S.
As of October 28, 2025, Madeleine Odgaard has stepped down as adm. dir. of IRD Fuel Cells A/S.
As of October 20, 2025, Shi Hui has joined the board of directors of IRD Fuel Cells A/S.
As of October 20, 2025, Hui XU has joined the board of directors of IRD Fuel Cells A/S.
As of October 20, 2025, Madeleine Odgaard has left the board of directors of IRD Fuel Cells A/S.
As of October 20, 2025, Xiaodong Wang has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2024. Gross profit came to DKK 27,763,993, and the net result was DKK -19,765,434.
As of February 12, 2025, Liangyu Cao has joined the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Xiaodong Wang has joined the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Sheng Xu has joined the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Gang LI has joined the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Feng Xu has joined the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Yunfeng Xu has left the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Dajun Dong has left the board of directors of IRD Fuel Cells A/S.
As of February 12, 2025, Luc Ghislain Wanten has left the board of directors of IRD Fuel Cells A/S.
As of February 11, 2025, Xiaodong Wang has left the board of directors of IRD Fuel Cells A/S.
As of February 11, 2025, Sheng Xu has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2023. Gross profit came to DKK 23,299,575, and the net result was DKK -17,056,198.
As of February 23, 2024, Haamann Statsautoriseret Revisionspartnerselskab has been appointed auditor of IRD Fuel Cells A/S.
As of February 23, 2024, HAAMANN 1 A/S has stepped down as auditor of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2022. Gross profit came to DKK 23,998,236, and the net result was DKK -20,129,300.
As of February 21, 2023, Sheng Xu has joined the board of directors of IRD Fuel Cells A/S.
As of February 21, 2023, Dajun Dong has joined the board of directors of IRD Fuel Cells A/S.
As of February 21, 2023, Luc Ghislain Wanten has joined the board of directors of IRD Fuel Cells A/S.
As of February 21, 2023, Jinjun Liu has left the board of directors of IRD Fuel Cells A/S.
As of February 21, 2023, Gang Li has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2021. Gross profit came to DKK -4,536,984, and the net result was DKK -27,577,326.
IRD Fuel Cells A/S has published its annual report for 2020. Gross profit came to DKK -5,815,003, and the net result was DKK -24,013,522.
As of October 30, 2020, Madeleine Odgaard has joined the board of directors of IRD Fuel Cells A/S.
As of October 30, 2020, Yunfeng Xu has joined the board of directors of IRD Fuel Cells A/S.
As of October 30, 2020, Gang Li has joined the board of directors of IRD Fuel Cells A/S.
As of October 30, 2020, Xiao Li has left the board of directors of IRD Fuel Cells A/S.
As of October 30, 2020, Weifu Holding ApS is registered as an owner of IRD Fuel Cells A/S with an ownership share of 100%.
IRD Fuel Cells A/S has published its annual report for 2019. Gross profit came to DKK -1,487,000, and the net result was DKK -20,260,000.
As of August 21, 2020, HAAMANN 1 A/S has been appointed auditor of IRD Fuel Cells A/S.
As of August 21, 2020, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2018. Gross profit came to DKK -10,328,000, and the net result was DKK -22,000,000.
As of April 24, 2019, Xiao Li has joined the board of directors of IRD Fuel Cells A/S.
As of April 24, 2019, Xiaodong Wang has joined the board of directors of IRD Fuel Cells A/S.
As of April 24, 2019, Jinjun Liu has joined the board of directors of IRD Fuel Cells A/S.
As of April 24, 2019, Qingxi Shi has left the board of directors of IRD Fuel Cells A/S.
As of April 24, 2019, Chen Cong has left the board of directors of IRD Fuel Cells A/S.
As of April 23, 2019, Xiao Li has left the board of directors of IRD Fuel Cells A/S.
As of April 16, 2019, Torben Ude Petersen has stepped down as director of IRD Fuel Cells A/S.
As of November 26, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of IRD Fuel Cells A/S.
As of November 26, 2018, Xiao Li has joined the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Qingxi Shi has joined the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Chen Cong has joined the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Tommy Lykkegaard has left the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Lars Bonderup Bjørn has left the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Pernille Iversen has left the board of directors of IRD Fuel Cells A/S.
As of November 26, 2018, Torben Ude Petersen is registered as director of IRD Fuel Cells A/S.
As of November 26, 2018, Madeleine Odgaard is registered as adm. dir. of IRD Fuel Cells A/S.
As of November 26, 2018, Theiss Ditlev Stenstrøm has stepped down as adm. dir. of IRD Fuel Cells A/S.
On November 26, 2018, the company changed its name from EWII Fuel Cells A/S to IRD Fuel Cells A/S.
As of November 25, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of IRD Fuel Cells A/S.
As of July 31, 2018, Pernille Iversen has joined the board of directors of IRD Fuel Cells A/S.
As of July 31, 2018, Jens Christian Sørensen has left the board of directors of IRD Fuel Cells A/S.
As of July 30, 2018, Pernille Iversen has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2017. Gross profit came to DKK -8,845,000, and the net result was DKK -17,294,000.
As of May 3, 2018, Tommy Lykkegaard has joined the board of directors of IRD Fuel Cells A/S.
As of May 3, 2018, Jens Christian Sørensen has joined the board of directors of IRD Fuel Cells A/S.
As of May 2, 2018, Tommy Lykkegaard has left the board of directors of IRD Fuel Cells A/S.
As of May 2, 2018, Jens Christian Sørensen has left the board of directors of IRD Fuel Cells A/S.
As of April 11, 2018, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of IRD Fuel Cells A/S.
As of April 11, 2018, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of IRD Fuel Cells A/S.
As of January 2, 2018, Lars Bonderup Bjørn has joined the board of directors of IRD Fuel Cells A/S.
As of January 2, 2018, Jens Christian Sørensen has joined the board of directors of IRD Fuel Cells A/S.
As of January 1, 2018, Jens Christian Sørensen has left the board of directors of IRD Fuel Cells A/S.
As of August 25, 2017, Tommy Lykkegaard has joined the board of directors of IRD Fuel Cells A/S.
As of August 24, 2017, Tommy Lykkegaard has left the board of directors of IRD Fuel Cells A/S.
As of June 13, 2017, Jens Christian Sørensen has joined the board of directors of IRD Fuel Cells A/S.
As of June 13, 2017, Pernille Iversen has joined the board of directors of IRD Fuel Cells A/S.
As of June 13, 2017, Knud Bent Steen Larsen has left the board of directors of IRD Fuel Cells A/S.
As of June 12, 2017, Jens Christian Sørensen has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2016. Gross profit came to DKK -2,478,000, and the net result was DKK -8,500,000.
On August 22, 2016, the company changed its name from IRD A/S to EWII Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2015. Gross profit came to DKK -3,147,000, and the net result was DKK -8,090,000.
IRD Fuel Cells A/S has published its annual report for 2014. Gross profit came to DKK -3,882,000, and the net result was DKK -9,845,000.
As of October 1, 2014, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of IRD Fuel Cells A/S.
As of October 1, 2014, Revision & Råd Statsaut Rev. I/S has stepped down as auditor of IRD Fuel Cells A/S.
As of October 1, 2014, Tommy Lykkegaard has joined the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Jens Christian Sørensen has joined the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Jørgen Schjerning Lundsgaard has left the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Thorkild Steen Sørensen has left the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Bent Agerholm has left the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Morten Støvring has left the board of directors of IRD Fuel Cells A/S.
As of October 1, 2014, Anders Jørgen Banke has left the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its annual report for 2013. Revenue came to DKK 18,091,934, and the net result was DKK -5,439,681.
As of September 18, 2013, Jørgen Schjerning Lundsgaard has joined the board of directors of IRD Fuel Cells A/S.
As of September 18, 2013, Thorkild Steen Sørensen has joined the board of directors of IRD Fuel Cells A/S.
IRD Fuel Cells A/S has published its interim report for the period July 1, 2012 – December 31, 2012.
As of March 1, 2012, Theiss Ditlev Stenstrøm is registered as adm. dir. of IRD Fuel Cells A/S.
As of February 29, 2012, Bjørn Thorsen has stepped down as director of IRD Fuel Cells A/S.
As of October 24, 2011, Knud Bent Steen Larsen has joined the board of directors of IRD Fuel Cells A/S.
As of October 24, 2011, Søren Henrik Nielsen Rathmann has left the board of directors of IRD Fuel Cells A/S.
As of April 1, 2009, Bjørn Thorsen is registered as director of IRD Fuel Cells A/S.
As of March 31, 2009, Jørgen Schjerning Lundsgaard has stepped down as adm. dir. of IRD Fuel Cells A/S.
As of November 28, 2008, Bent Agerholm has joined the board of directors of IRD Fuel Cells A/S.
As of November 28, 2008, Arne Anton Clausen has left the board of directors of IRD Fuel Cells A/S.
As of November 28, 2008, Jørgen Schjerning Lundsgaard is registered as adm. dir. of IRD Fuel Cells A/S.
As of November 28, 2008, Morten Riis has stepped down as adm. dir. of IRD Fuel Cells A/S.
As of May 14, 2007, Søren Henrik Nielsen Rathmann has joined the board of directors of IRD Fuel Cells A/S.
As of May 14, 2007, Arne Anton Clausen has joined the board of directors of IRD Fuel Cells A/S.
As of May 14, 2007, Anders Jørgen Banke has joined the board of directors of IRD Fuel Cells A/S.
As of May 14, 2007, Birgitte Krogsgaard Danø has left the board of directors of IRD Fuel Cells A/S.
As of May 14, 2007, Arne Knudsen has left the board of directors of IRD Fuel Cells A/S.
As of May 14, 2007, John Oswald Thomas has left the board of directors of IRD Fuel Cells A/S.
As of April 28, 2006, Arne Knudsen has joined the board of directors of IRD Fuel Cells A/S.
As of December 1, 2005, Morten Riis is registered as adm. dir. of IRD Fuel Cells A/S.
As of November 30, 2005, Jørgen Schjerning Lundsgaard has stepped down as director of IRD Fuel Cells A/S.
As of August 31, 2005, Revision & Råd Statsaut Rev. I/S has been appointed auditor of IRD Fuel Cells A/S.
As of August 31, 2005, MAZARS STATSAUTORISERET REVISIONSAKTIESELSKAB has stepped down as auditor of IRD Fuel Cells A/S.
As of August 31, 2005, Steen Skov Storgaard has left the board of directors of IRD Fuel Cells A/S.
As of August 23, 2004, Morten Støvring has joined the board of directors of IRD Fuel Cells A/S.
As of October 22, 2001, John Oswald Thomas has joined the board of directors of IRD Fuel Cells A/S.
As of October 27, 1998, MAZARS STATSAUTORISERET REVISIONSAKTIESELSKAB has been appointed auditor of IRD Fuel Cells A/S.
As of October 27, 1998, Jan Ole Edelbo vo has stepped down as auditor of IRD Fuel Cells A/S.
As of October 27, 1998, Birgitte Krogsgaard Danø has joined the board of directors of IRD Fuel Cells A/S.
As of October 27, 1998, Steen Skov Storgaard has joined the board of directors of IRD Fuel Cells A/S.
As of October 27, 1998, Frederik Lønborg Crone has left the board of directors of IRD Fuel Cells A/S.
As of October 27, 1998, John Emil Engell has left the board of directors of IRD Fuel Cells A/S.
As of August 25, 1998, Ulla Øhlenschlæger has left the board of directors of IRD Fuel Cells A/S.
As of June 18, 1997, Jan Ole Edelbo vo has been appointed auditor of IRD Fuel Cells A/S.
As of June 18, 1997, E.R. JENSEN ApS has stepped down as auditor of IRD Fuel Cells A/S.
On April 23, 1997, the company changed its name from INNOVISION R&D A/S to IRD A/S.
As of April 22, 1997, John Emil Engell has joined the board of directors of IRD Fuel Cells A/S.
As of April 22, 1997, Jørgen Grønlund Nielsen has left the board of directors of IRD Fuel Cells A/S.
As of April 22, 1997, Leif Pilgaard Møller has left the board of directors of IRD Fuel Cells A/S.
As of April 22, 1997, Christian Foldberg Rovsing has left the board of directors of IRD Fuel Cells A/S.
As of April 22, 1997, Arne Gillin has left the board of directors of IRD Fuel Cells A/S.
On March 6, 1996, the company changed its name from ULTRASONIC PROCESSING SYSTEMS ApS to INNOVISION R&D A/S.
As of February 29, 1996, E.R. JENSEN ApS has been appointed auditor of IRD Fuel Cells A/S.
As of February 29, 1996, "REVISIONSFIRMAET EDVIN MUNK RINGE A/S, STATSAUTORISEREDE REVISORER" has stepped down as auditor of IRD Fuel Cells A/S.
As of February 29, 1996, Jørgen Grønlund Nielsen has joined the board of directors of IRD Fuel Cells A/S.
As of February 29, 1996, Leif Pilgaard Møller has joined the board of directors of IRD Fuel Cells A/S.
As of February 29, 1996, Christian Foldberg Rovsing has joined the board of directors of IRD Fuel Cells A/S.
As of February 29, 1996, Arne Gillin has joined the board of directors of IRD Fuel Cells A/S.
As of February 29, 1996, Jørgen Schjerning Lundsgaard is registered as director of IRD Fuel Cells A/S.
As of February 29, 1996, Caj Eric Carstens has stepped down as director of IRD Fuel Cells A/S.
On July 6, 1991, the company changed its name from ApS SPKR 4 NR. 3211 to ULTRASONIC PROCESSING SYSTEMS ApS.
As of July 5, 1991, Erik Tronborg Andersen has stepped down as auditor of IRD Fuel Cells A/S.
As of July 5, 1991, Per Emil Hasselbalch Stakemann has stepped down as director of IRD Fuel Cells A/S.
As of August 1, 1990, Erik Tronborg Andersen has been appointed auditor of IRD Fuel Cells A/S.
As of August 1, 1990, "REVISIONSFIRMAET EDVIN MUNK RINGE A/S, STATSAUTORISEREDE REVISORER" has been appointed auditor of IRD Fuel Cells A/S.
As of August 1, 1990, Frederik Lønborg Crone has joined the board of directors of IRD Fuel Cells A/S.
As of August 1, 1990, Ulla Øhlenschlæger has joined the board of directors of IRD Fuel Cells A/S.
As of August 1, 1990, Caj Eric Carstens is registered as director of IRD Fuel Cells A/S.
As of August 1, 1990, Per Emil Hasselbalch Stakemann is registered as director of IRD Fuel Cells A/S.
IRD Fuel Cells A/S was founded on August 1, 1990.
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