Cavendish Hydrogen A/S: Financial statements 2017
CVR: 26933048
Source: annual report 2017, Danish Business Authority
01/01/2017 – 31/12/2017
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2017. In 2017, the company reported revenue of DKK 72,313,842 and a net result of DKK -33,222,802 compared with DKK -10,831,335 the year before. That is an increase of 63.8% compared with the year before. The profit margin was -45.9%. Equity in the 2017 report amounted to DKK 70,411,103. The solvency ratio was 38.4%. The company had 38 employees in the financial year.
- Revenue
- DKK 72,313,842
- Gross Profit
- DKK 6,701,310
- Profit/Loss
- DKK -33,222,802
- Equity
- DKK 70,411,103
- Total Assets
- DKK 183,528,991
- Employees
- 38
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2017 | 72.3 mio. | 6.7 mio. | -33.2 mio. | 70.4 mio. | 38 |
| 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. | - |
Official annual report
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Set up monitoringEvents in 2017
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.
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.