Cavendish Hydrogen A/S: Financial statements 2016
CVR: 26933048
Source: annual report 2016, Danish Business Authority
01/01/2016 – 31/12/2016
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2016. In 2016, the company reported revenue of DKK 44,135,052 and a net result of DKK -10,831,335 compared with DKK 4,859,878 the year before. That is a decrease of 9.5% compared with the year before. The profit margin was -24.5%. Equity in the 2016 report amounted to DKK 74,018,316. The solvency ratio was 68%. The company had 50 employees in the financial year.
- Revenue
- DKK 44,135,052
- Gross Profit
- DKK 11,577,284
- Profit/Loss
- DKK -10,831,335
- Equity
- DKK 74,018,316
- Total Assets
- DKK 108,874,579
- Employees
- 50
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2016 | 44.1 mio. | 11.6 mio. | -10.8 mio. | 74 mio. | 50 |
| 2015 | 48.7 mio. | 34.8 mio. | 4.9 mio. | 12.6 mio. | - |
| 2014 | 34.5 mio. | 10.6 mio. | 5.8 mio. | 12.1 mio. | - |
| 2013 | 47.8 mio. | 29.5 mio. | -3 mio. | 6.3 mio. | - |
| 2012 | 38.3 mio. | 18.7 mio. | 206 t. | 8.5 mio. | - |
Official annual report
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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.
On August 29, 2016, the company changed its name from H2 LOGIC A/S to Nel 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.
About Cavendish Hydrogen A/S
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 company was previously named Nel Hydrogen A/S and H2 LOGIC A/S. 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 77 employees (2026). 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.