Owners, management and financials
CVR: 26933048
Secondary names: H2 LOGIC A/S
DKK 79,650,000
Revenue
Net result: DKK -167,499,000
Cavendish Hydrogen ASA (100%)
CVR · view owners
Robert Christian Gustaf Borin
Board: Marcus Halland (chair) and 2 members
CVR · view management
Active
Founded 1 January 2003
CVR · view overview
94 employees
CVR · 2018
Owner registered: Cavendish Hydrogen ASA
CVR · 03/05/2024
View the full event history
Cavendish Hydrogen A/S is a Danish company of the type Aktieselskab based in Herning, founded in 2003. The company is registered under the industry Fremstilling af andre maskiner til generelle formål i.a.n.. The management consists of Robert Christian Gustaf Borin. The board consists of Marcus Halland (chair), Michael Stefan and Peder Hykkelbjerg Hansen. The company is owned by Cavendish Hydrogen ASA. The company has 94 employees (2018). In 2025, the company reported revenue of DKK 79,650,000 and a net result of DKK -167,499,000 compared with DKK -80,492,000 the year before. Equity in the 2025 report amounted to DKK 233,490,000.
Source: annual report 2025, Danish Business Authority
Cavendish Hydrogen A/S is currently facing significant financial challenges, with consistent losses over the past five years. In 2025, the company reported a revenue of 79.65 million DKK but incurred a substantial loss of 167.5 million DKK, highlighting a troubling trend of declining revenue from 204.12 million DKK in 2023 to 79.65 million DKK in 2025. Despite a relatively strong equity position of 233.49 million DKK, the ongoing losses raise concerns about its sustainability and operational efficiency. The company operates within the general machinery manufacturing sector, where it appears to be struggling to establish a stable market position amidst increasing financial instability.
AI-generated summary · Generated 07/07/2026
Selskabets formål er at drive handel og industri
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 79.7 mio. | -167.5 mio. | 307 mio. | 233.5 mio. | 130 | |
| 202401/01/2024 – 31/12/2024 | 193 mio. | -80.5 mio. | 401.9 mio. | 287.5 mio. | 196 | |
| 202301/01/2023 – 31/12/2023 | 204.1 mio. | -125.8 mio. | 391.9 mio. | 188.2 mio. | 172 | |
| 202201/01/2022 – 31/12/2022 | 118.9 mio. | -268.5 mio. | 441.9 mio. | 79.1 mio. | 136 | |
| 202101/01/2021 – 31/12/2021 | 189.3 mio. | -129.4 mio. | 360.1 mio. | 146 mio. | 109 | |
| 202001/01/2020 – 31/12/2020 | 165.6 mio. | -71 mio. | 316.1 mio. | 82.9 mio. | 85 | |
| 201901/01/2019 – 31/12/2019 | 147 mio. | -66.2 mio. | 300.8 mio. | 36.9 mio. | 67 | |
| 201801/01/2018 – 31/12/2018 | 177.4 mio. | -73.5 mio. | 216.3 mio. | 101 mio. | 50 | |
| 201701/01/2017 – 31/12/2017 | 72.3 mio. | -33.2 mio. | 183.5 mio. | 70.4 mio. | 38 | |
| 201601/01/2016 – 31/12/2016 | 44.1 mio. | -10.8 mio. | 108.9 mio. | 74 mio. | 50 | |
| 201501/01/2015 – 31/12/2015 | 48.7 mio. | 4.9 mio. | 43.6 mio. | 12.6 mio. | - | |
| 201401/01/2014 – 31/12/2014 | 34.5 mio. | 5.8 mio. | 53.4 mio. | 12.1 mio. | - | |
| 201301/01/2013 – 31/12/2013 | 47.8 mio. | -3 mio. | 45.7 mio. | 6.3 mio. | - | |
| 201201/01/2012 – 31/12/2012 | 38.3 mio. | 206 t. | 33.9 mio. | 8.5 mio. | - |
Compared to 180 companies in Fremstilling af andre maskiner til generelle formål i.a.n.
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See the API documentationThe CVR number of Cavendish Hydrogen A/S is 26933048.
Cavendish Hydrogen A/S is owned by Cavendish Hydrogen ASA.
The management of Cavendish Hydrogen A/S consists of Robert Christian Gustaf Borin.
The board of Cavendish Hydrogen A/S consists of Marcus Halland, Michael Stefan and Peder Hykkelbjerg Hansen, with Marcus Halland as chair.
In 2025, Cavendish Hydrogen A/S reported revenue of DKK 79,650,000.
Cavendish Hydrogen A/S had 94 employees in 2018 according to the Danish CVR register.
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Cavendish Hydrogen A/S has published its annual report for 2025. Revenue came to DKK 79,650,000, and the net result was DKK -167,499,000.
Cavendish Hydrogen A/S has published its annual report for 2024. Revenue came to DKK 193,033,000, and the net result was DKK -80,492,000.
Cavendish Hydrogen A/S has published its annual report for 2023. Revenue came to DKK 204,124,000, and the net result was DKK -125,785,000.
As of June 12, 2024, Peder Hykkelbjerg Hansen has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Marcus Halland has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Michael Stefan has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Kjell Christian Gyllensten Bjørnsen has left the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Torbjørn Berg has left the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Henrik Harto Reisvang has left the board of directors of Cavendish Hydrogen A/S.
As of May 3, 2024, is registered as an owner of Cavendish Hydrogen A/S with an ownership share of 100%.
Cavendish Hydrogen A/S has published its annual report for 2022. Revenue came to DKK 118,945,588, and the net result was DKK -268,465,943.
As of June 27, 2023, EY Godkendt Revisionspartnerselskab has been appointed auditor of Cavendish Hydrogen A/S.
As of June 26, 2023, EY Godkendt Revisionspartnerselskab has stepped down as auditor of Cavendish Hydrogen A/S.
As of January 11, 2023, Henrik Harto Reisvang has joined the board of directors of Cavendish Hydrogen A/S.
As of January 11, 2023, Robert Christian Gustaf Borin has left the board of directors of Cavendish Hydrogen A/S.
As of December 21, 2022, Robert Christian Gustaf Borin has joined the board of directors of Cavendish Hydrogen A/S.
As of December 21, 2022, Kjell Christian Gyllensten Bjørnsen has joined the board of directors of Cavendish Hydrogen A/S.
As of December 21, 2022, Jon Andre Løkke has left the board of directors of Cavendish Hydrogen A/S.
As of December 20, 2022, Kjell Christian Gyllensten Bjørnsen has left the board of directors of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2021. Revenue came to DKK 189,349,771, and the net result was DKK -129,364,167.
As of November 2, 2021, Torbjørn Berg has joined the board of directors of Cavendish Hydrogen A/S.
As of November 2, 2021, Mikael Sloth has left the board of directors of Cavendish Hydrogen A/S.
As of November 2, 2021, Robert Christian Gustaf Borin is registered as adm. dir. of Cavendish Hydrogen A/S.
As of November 2, 2021, Jørn Rosenlund has stepped down as adm. dir. of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2020. Revenue came to DKK 165,632,208, and the net result was DKK -70,990,743.
Cavendish Hydrogen A/S has published its annual report for 2019. Revenue came to DKK 146,966,894, and the net result was DKK -66,150,325.
As of May 19, 2020, Kjell Christian Gyllensten Bjørnsen has joined the board of directors of Cavendish Hydrogen A/S.
As of May 19, 2020, Bent Mathias Skisaker has left the board of directors of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2018. Revenue came to DKK 177,373,471, and the net result was DKK -73,457,436.
As of February 7, 2019, Jørn Rosenlund is registered as adm. dir. of Cavendish Hydrogen A/S.
As of February 7, 2019, Jacob Bech Krogsgaard has stepped down as adm. dir. of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2017. Revenue came to DKK 72,313,842, and the net result was DKK -33,222,802.
As of November 15, 2017, EY Godkendt Revisionspartnerselskab has been appointed auditor of Cavendish Hydrogen A/S.
As of November 15, 2017, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2016. Revenue came to DKK 44,135,052, and the net result was DKK -10,831,335.
As of August 29, 2016, Mikael Sloth has joined the board of directors of Cavendish Hydrogen A/S.
As of August 29, 2016, Jon Andre Løkke has joined the board of directors of Cavendish Hydrogen A/S.
As of August 29, 2016, Bent Mathias Skisaker has joined the board of directors of Cavendish Hydrogen A/S.
As of August 29, 2016, Jacob Bech Krogsgaard has left the board of directors of Cavendish Hydrogen A/S.
As of August 29, 2016, Lars Christian Stugaard has left the board of directors of Cavendish Hydrogen A/S.
As of August 29, 2016, Martin Nes has left the board of directors of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2015. Revenue came to DKK 48,748,649, and the net result was DKK 4,859,878.
As of June 25, 2015, Lars Christian Stugaard has joined the board of directors of Cavendish Hydrogen A/S.
As of June 25, 2015, Martin Nes has joined the board of directors of Cavendish Hydrogen A/S.
As of June 25, 2015, Svend Sigaard has left the board of directors of Cavendish Hydrogen A/S.
As of June 25, 2015, Mikael Sloth has left the board of directors of Cavendish Hydrogen A/S.
As of June 25, 2015, Flemming Hansen has left the board of directors of Cavendish Hydrogen A/S.
As of June 25, 2015, Mogens Filtenborg has left the board of directors of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2014. Revenue came to DKK 34,452,480, and the net result was DKK 5,801,648.
Cavendish Hydrogen A/S has published its annual report for 2013. Revenue came to DKK 47,757,675, and the net result was DKK -2,961,717.
Cavendish Hydrogen A/S has published its annual report for 2012. Revenue came to DKK 38,287,823, and the net result was DKK 206,296.
As of April 11, 2013, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of Cavendish Hydrogen A/S.
As of April 11, 2013, BDO Holding VII, statsautoriseret revisionsaktieselskab has stepped down as auditor of Cavendish Hydrogen A/S.
As of April 14, 2008, Svend Sigaard has joined the board of directors of Cavendish Hydrogen A/S.
As of April 14, 2008, Mikael Sloth has joined the board of directors of Cavendish Hydrogen A/S.
As of April 14, 2008, Flemming Hansen has joined the board of directors of Cavendish Hydrogen A/S.
As of April 14, 2008, Mogens Filtenborg has joined the board of directors of Cavendish Hydrogen A/S.
As of April 14, 2008, Jesper Nissen Boisen has left the board of directors of Cavendish Hydrogen A/S.
As of April 14, 2008, Thomas Luckmann has left the board of directors of Cavendish Hydrogen A/S.
As of December 10, 2004, BDO Holding VII, statsautoriseret revisionsaktieselskab has been appointed auditor of Cavendish Hydrogen A/S.
As of December 10, 2004, KPMG C.JESPERSEN STATSAUTORISEREDE REVISORER has stepped down as auditor of Cavendish Hydrogen A/S.
As of December 10, 2004, Jesper Nissen Boisen has joined the board of directors of Cavendish Hydrogen A/S.
As of December 10, 2004, Thomas Luckmann has joined the board of directors of Cavendish Hydrogen A/S.
As of December 10, 2004, Poul Erik Bak has left the board of directors of Cavendish Hydrogen A/S.
As of December 15, 2003, Poul Erik Bak has joined the board of directors of Cavendish Hydrogen A/S.
As of December 15, 2003, Jacob Bech Krogsgaard is registered as adm. dir. of Cavendish Hydrogen A/S.
As of December 15, 2003, Poul Erik Bak has stepped down as director of Cavendish Hydrogen A/S.
As of April 16, 2003, KPMG C.JESPERSEN STATSAUTORISEREDE REVISORER has been appointed auditor of Cavendish Hydrogen A/S.
As of April 16, 2003, JUT NR. 2180 A/S has stepped down as auditor of Cavendish Hydrogen A/S.
As of April 16, 2003, Jacob Bech Krogsgaard has joined the board of directors of Cavendish Hydrogen A/S.
As of April 16, 2003, Kim Madsen has left the board of directors of Cavendish Hydrogen A/S.
As of April 16, 2003, Poul Erik Bak is registered as director of Cavendish Hydrogen A/S.
As of April 16, 2003, Annemette Heller has stepped down as adm. dir. of Cavendish Hydrogen A/S.
As of January 1, 2003, JUT NR. 2180 A/S has been appointed auditor of Cavendish Hydrogen A/S.
As of January 1, 2003, Kim Madsen has joined the board of directors of Cavendish Hydrogen A/S.
As of January 1, 2003, Annemette Heller is registered as adm. dir. of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S was founded on January 1, 2003.
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