Cavendish Hydrogen A/S: Financial statements 2023
CVR: 26933048
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2023. In 2023, the company reported revenue of DKK 204,124,000 and a net result of DKK -125,785,000 compared with DKK -268,465,943 the year before. That is an increase of 71.6% compared with the year before. The profit margin was -61.6%. Equity in the 2023 report amounted to DKK 188,230,000. The solvency ratio was 48%. The company had 172 employees in the financial year.
- Revenue
- DKK 204,124,000
- Gross Profit
- DKK 33,986,000
- Profit/Loss
- DKK -125,785,000
- Equity
- DKK 188,230,000
- Total Assets
- DKK 391,889,000
- Employees
- 172
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | 204.1 mio. | 34 mio. | -125.8 mio. | 188.2 mio. | 172 |
| 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 |
Official annual report
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See the API documentationEvents in 2023
Cavendish Hydrogen A/S has published its annual report for 2022. Revenue came to DKK 118,945,588, and the net result was DKK -268,465,943.
As of June 27, 2023, EY Godkendt Revisionspartnerselskab has been appointed auditor of Cavendish Hydrogen A/S.
As of June 26, 2023, EY Godkendt Revisionspartnerselskab has stepped down as auditor of Cavendish Hydrogen A/S.
As of January 11, 2023, Henrik Harto Reisvang has joined the board of directors of Cavendish Hydrogen A/S.
As of January 11, 2023, Robert Christian Gustaf Borin 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.