Cavendish Hydrogen A/S: Financial statements 2018
CVR: 26933048
Source: annual report 2018, Danish Business Authority
01/01/2018 – 31/12/2018
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2018. In 2018, the company reported revenue of DKK 177,373,471 and a net result of DKK -73,457,436 compared with DKK -33,222,802 the year before. That is an increase of 145.3% compared with the year before. The profit margin was -41.4%. Equity in the 2018 report amounted to DKK 100,995,295. The solvency ratio was 46.7%. The company had 50 employees in the financial year.
- Revenue
- DKK 177,373,471
- Gross Profit
- DKK -11,451,345
- Profit/Loss
- DKK -73,457,436
- Equity
- DKK 100,995,295
- Total Assets
- DKK 216,325,665
- Employees
- 50
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2018 | 177.4 mio. | -11.5 mio. | -73.5 mio. | 101 mio. | 50 |
| 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. | - |
Official annual report
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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.
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.