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RefuelBio ApS

Private limited companyCVR 44960907FrederiksbergActive

RefuelBio ApS is a private limited company, based in Frederiksberg, active in research and experimental development on natural sciences and engineering, founded in 2024. The company made a loss in both 2024 and 2025, most recently DKK 10.5m. The company is new and has been registered for 2 years. Equity grew to DKK 20.6m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 13.5m−75.6% vs. 2024
Net profit−DKK 10.5m−69.9% vs. 2024
EquityDKK 20.6m+135.1% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 6.2m to DKK 10.5m (2024 → 2025).
  • Equity rose 135% (2024 → 2025), to DKK 20.6m.

Employees

  • 2 more employees than a year earlier: 3 (07/2026) against 1 (07/2025).

Management and owners, last 24 months

  • New in management: Satvik Dasariraju (board member, 12/08/2025), Alexander James Colville (board member, 12/08/2025) and Thomas Gundelund Rasmussen (ceo, 01/09/2025) (+4).
  • Stepped down: Søren Sylvester Skjærbæk (ceo, 31/08/2025), Emmanuelle Coutanceau (chair of the board, 20/10/2025) and Marie Allen Schroeder (board member, 21/10/2025).
  • New owners registered: Novo Holdings A/S (23/06/2025), Age1 Fund I, LP (24/04/2026) and Novo Holdings A/S (28/11/2024) (+3).
  • No longer registered as owner: Marcia Haigis (27/11/2024), Novo Holdings A/S (27/11/2024) and Novo Holdings A/S (22/06/2025) (+3).

Registrations, last 24 months

  • 11/08/2026: Share capital changed from 818,584 DKK to 1,031,096 DKK
  • 24/04/2026: Share capital changed from 394,272 DKK to 818,584 DKK
  • 12/08/2025: Share capital changed from 323,435 DKK to 394,272 DKK
  • 23/06/2025: Share capital changed from 181,760 DKK to 323,435 DKK
  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
  • 28/11/2024: Share capital changed from 110,880 DKK to 181,760 DKK

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2024–2025 · amounts in DKK thousand

Equity and net profit

−DKK 15m−DKK 10m−DKK 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20m20242025
EquityNet profit
Financial figures for RefuelBio ApS
20242025Change
Revenue0not stated–
Gross profit−7,661−13,452−75.6%
Operating profit (EBIT)−7,994−14,171−77.3%
Profit before tax−7,841−13,736−75.2%
Net profit−6,198−10,527−69.9%
Total assets9,16123,134+152.5%
Equity8,75120,574+135.1%
Liabilities4102,560+524.3%
Cash and cash equivalents7,25019,375+167.3%
Average number of employees–1–

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 14m−DKK 12m−DKK 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 020242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

2 financial years
Annual reports for RefuelBio ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/06/2026The companyPDF not statedXBRL
202401/07/2024 – 31/12/202424/02/2025The companyPDF not statedXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
0123407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

431 companies in the database

Comparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.

Gross profit−DKK 13.5mNo. 400 of 421
Better than 5% of the companies in the industry
EquityDKK 20.6mNo. 101 of 431
Better than 77% of the companies in the industry
Number of employees3No. 351 of 431
Better than 19% of the companies in the industry

Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.

DKK 100kDKK 2.5mDKK 63.4mDKK 1.6bnDKK 13.7bn
Distribution of gross profit for 250 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 69,673of 69,742
Better than 0%
No. 5,685of 69,964
Better than 92%
Same industry and fewer than 20 employees329 companies in the comparison
No. 313of 323
Better than 3%
No. 37of 329
Better than 89%
Companies that are founded within the last five years16,675 companies in the comparison
No. 16,599of 16,627
Better than 0%
No. 557of 16,674
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 66,311of 66,379
Better than 0%
No. 4,154of 66,505
Better than 94%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Research and experimental development on natural sciences and engineering
Gross profit
  1. RefuelBio ApS−DKK 13.5m
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. RefuelBio ApS−DKK 10.5m
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. RefuelBio ApSDKK 20.6m
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. RefuelBio ApS3
  2. Carlsberg A/S107
  3. Zealand Pharma A/S569

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
RefuelBio ApS

Management

7 active registrations

Executive management

Executive management at RefuelBio ApS
NameRoleAppointed
Thomas Gundelund RasmussenCEO01/09/2025

Board of directors

Board of directors at RefuelBio ApS
NameRoleAppointed
Satvik DasarirajuBoard member12/08/2025
Alexander James ColvilleBoard member12/08/2025
Emmanuelle CoutanceauBoard member21/10/2025
Gabor GyulvesziBoard member21/10/2025
Lloyd Berl KlicksteinChair of the board21/10/2025
Jonathan David McNeillBoard member10/02/2026
Founders
Marcia Haigis
Former management (3)
Former management at RefuelBio ApS
NameRoleAppointedResigned
Søren Sylvester SkjærbækCEO01/07/202431/08/2025
Emmanuelle CoutanceauChair of the board16/07/202420/10/2025
Marie Allen SchroederBoard member16/07/202421/10/2025

Signing rule: Selskabet tegnes af en direktør i forening med formanden for bestyrelsen eller af den samlede bestyrelse

Address and production units

1 active production units

Nordre Fasanvej 215
2000 Frederiksberg

Frederiksberg Municipality · Postcode 2000

Other companies at the address (8)

  • Sparrow Quantum ApSManufacture of computers and peripheral equipment
  • Adcendo ApSResearch and experimental development on natural sciences and engineering
  • Hemab ApSManufacture of pharmaceutical preparations
  • Orbis Medicines ApSResearch and experimental development on natural sciences and engineering
  • Minervax ApSResearch and experimental development on natural sciences and engineering
Production units
Production unitAddressEmployeesP number
RefuelBio ApSNordre Fasanvej 215, 2000 Frederiksberg31030521117

Purpose

Selskabets formål er forskning, udvikling og kommercialisering af medicinske produkter samt aktiviteter, der efter ledelsens skøn er forbundet dermed.

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
20267 changescapital 2 · accounts 1 · ownership 3 · management 1
  • Share capital changed from 818,584 DKK to 1,031,096 DKK
  • Annual report for 2025 published
  • Share capital changed from 394,272 DKK to 818,584 DKK
  • Age1 Fund I, LP registered as owner (25%)
  • Marcia Haigis is no longer registered as owner
  • Age1 Fund I, LP is no longer registered as owner
  • Jonathan David McNeill appointed board member
202518 changesmanagement 9 · capital 2 · ownership 5 · accounts 1 · industry 1
  • Emmanuelle Coutanceau appointed board member
  • Lloyd Berl Klickstein appointed chair of the board
  • Gabor Gyulveszi appointed board member
  • Marie Allen Schroeder stepped down as board member
  • Emmanuelle Coutanceau stepped down as chair of the board
  • Thomas Gundelund Rasmussen appointed ceo
  • Søren Sylvester Skjærbæk stepped down as ceo
  • Share capital changed from 323,435 DKK to 394,272 DKK
  • Alexander James Colville appointed board member
  • Satvik Dasariraju appointed board member
  • Age1 Fund I, LP registered as owner (15%)
  • Share capital changed from 181,760 DKK to 323,435 DKK
  • Marcia Haigis registered as owner (10%)
  • Novo Holdings A/S registered as owner (66.67%)
  • Novo Holdings A/S is no longer registered as owner
  • Marcia Haigis is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
202413 changescapital 2 · ownership 6 · address 1 · management 3 · founded 1
  • Share capital changed from 110,880 DKK to 181,760 DKK
  • Novo Holdings A/S registered as owner (66.67%)
  • Marcia Haigis registered as owner (20%)
  • Novo Holdings A/S is no longer registered as owner
  • Marcia Haigis is no longer registered as owner
  • Moved to Nordre Fasanvej 215, 2000 Frederiksberg
  • Share capital changed from 40,000 DKK to 110,880 DKK
  • Marie Allen Schroeder appointed board member
  • Emmanuelle Coutanceau appointed chair of the board
  • Novo Holdings A/S registered as owner (50%)
  • Registered as RefuelBio ApS
  • Søren Sylvester Skjærbæk appointed ceo
  • Marcia Haigis registered as owner (33.33%)

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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