Cavendish Hydrogen A/S: Financial statements 2022
CVR: 26933048
Source: annual report 2022, Danish Business Authority
01/01/2022 – 31/12/2022
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2022. In 2022, the company reported revenue of DKK 118,945,588 and a net result of DKK -268,465,943 compared with DKK -129,364,167 the year before. That is a decrease of 37.2% compared with the year before. The profit margin was -225.7%. Equity in the 2022 report amounted to DKK 79,081,416. The solvency ratio was 17.9%. The company had 136 employees in the financial year.
- Revenue
- DKK 118,945,588
- Gross Profit
- DKK -85,245,323
- Profit/Loss
- DKK -268,465,943
- Equity
- DKK 79,081,416
- Total Assets
- DKK 441,858,633
- Employees
- 136
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2022 | 118.9 mio. | -85.2 mio. | -268.5 mio. | 79.1 mio. | 136 |
| 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 |
Official annual report
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Set up monitoringEvents in 2022
As of December 21, 2022, Robert Christian Gustaf Borin has joined the board of directors of Cavendish Hydrogen A/S.
As of December 21, 2022, Kjell Christian Gyllensten Bjørnsen has joined the board of directors of Cavendish Hydrogen A/S.
As of December 21, 2022, Jon Andre Løkke has left the board of directors of Cavendish Hydrogen A/S.
As of December 20, 2022, Kjell Christian Gyllensten Bjørnsen has left the board of directors of Cavendish Hydrogen A/S.
Cavendish Hydrogen A/S has published its annual report for 2021. Revenue came to DKK 189,349,771, and the net result was DKK -129,364,167.
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.