Cavendish Hydrogen A/S: Financial statements 2021
CVR: 26933048
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2021. In 2021, the company reported revenue of DKK 189,349,771 and a net result of DKK -129,364,167 compared with DKK -70,990,743 the year before. That is an increase of 14.3% compared with the year before. The profit margin was -68.3%. Equity in the 2021 report amounted to DKK 146,029,455. The solvency ratio was 40.6%. The company had 109 employees in the financial year.
- Revenue
- DKK 189,349,771
- Gross Profit
- DKK -1,243,714
- Profit/Loss
- DKK -129,364,167
- Equity
- DKK 146,029,455
- Total Assets
- DKK 360,107,959
- Employees
- 109
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | 189.3 mio. | -1.2 mio. | -129.4 mio. | 146 mio. | 109 |
| 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 |
Official annual report
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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.
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.