Cavendish Hydrogen A/S: Financial statements 2024
CVR: 26933048
Source: annual report 2024, Danish Business Authority
01/01/2024 – 31/12/2024
Cavendish Hydrogen A/S (CVR 26933048) has filed annual accounts for 2024. In 2024, the company reported revenue of DKK 193,033,000 and a net result of DKK -80,492,000 compared with DKK -125,785,000 the year before. That is a decrease of 5.4% compared with the year before. The profit margin was -41.7%. Equity in the 2024 report amounted to DKK 287,518,000. The solvency ratio was 71.5%. The company had 196 employees in the financial year.
- Revenue
- DKK 193,033,000
- Gross Profit
- DKK 53,626,000
- Profit/Loss
- DKK -80,492,000
- Equity
- DKK 287,518,000
- Total Assets
- DKK 401,876,000
- Employees
- 196
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2024 | 193 mio. | 53.6 mio. | -80.5 mio. | 287.5 mio. | 196 |
| 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 |
Official annual report
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Try company screeningEvents in 2024
Cavendish Hydrogen A/S has published its annual report for 2023. Revenue came to DKK 204,124,000, and the net result was DKK -125,785,000.
As of June 12, 2024, Peder Hykkelbjerg Hansen has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Marcus Halland has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Michael Stefan has joined the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Kjell Christian Gyllensten Bjørnsen has left the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Torbjørn Berg has left the board of directors of Cavendish Hydrogen A/S.
As of June 12, 2024, Henrik Harto Reisvang has left the board of directors of Cavendish Hydrogen A/S.
On June 12, 2024, the company changed its name from Nel Hydrogen A/S to Cavendish Hydrogen A/S.
As of May 3, 2024, is registered as an owner of Cavendish Hydrogen A/S with an ownership share of 100%.
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.