Cavendish Hydrogen A/S: Financial statements 2020
CVR: 26933048
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 165,632,208 and a net result of DKK -70,990,743 compared with DKK -66,150,325 the year before. That is an increase of 12.7% compared with the year before. The profit margin was -42.9%. Equity in the 2020 report amounted to DKK 82,948,751. The solvency ratio was 26.2%. The company had 85 employees in the financial year.
- Revenue
- DKK 165,632,208
- Gross Profit
- DKK 27,622,380
- Profit/Loss
- DKK -70,990,743
- Equity
- DKK 82,948,751
- Total Assets
- DKK 316,094,921
- Employees
- 85
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 165.6 mio. | 27.6 mio. | -71 mio. | 82.9 mio. | 85 |
| 2019 | 147 mio. | 7.6 mio. | -66.2 mio. | 36.9 mio. | 67 |
| 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 |
Official annual report
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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.
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.