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Shell Biogas A/S

Public limited companyCVR 34614091Odense SØActive

Shell Biogas A/S is a public limited company, based in Odense SØ, active in manufacture of gas, founded in 2012. Measured by gross profit, it ranks no. 3 of 54 companies in the industry in the database. The company made a loss in both 2024 and 2025, most recently DKK 697.1m. Operations are spread over 19 production units in 18 towns.

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Key figures · financial year 2025

RevenueDKK 829.7m
Net profit−DKK 697.1m−0.3% vs. 2024
EquityDKK 3.8bn−2.2% vs. 2024
Employees488latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 695m to DKK 697.1m (2024 → 2025).
  • Equity fell 2% (2024 → 2025), to DKK 3.8bn.

Employees

  • 7 more employees than a year earlier: 488 (07/2026) against 481 (07/2025).

Management and owners, last 24 months

  • New in management: Jesper Bundgaard (chair of the board, 19/01/2026), Steen Asferg Rasmussen (board member, 30/01/2026) and Philipp Martini (board member, 01/09/2026) (+3).
  • Stepped down: Martin Dan Jeppesen (board member, 30/09/2026), Thomas de Boer (board member, 01/09/2026) and Thomas de Boer (ceo, 01/09/2026) (+3).
  • New owners registered: Shell Petroleum B.V. (09/12/2025).
  • No longer registered as owner: Shell Denmark Biogas Holding ApS (09/12/2025).

Registrations, last 24 months

  • 07/07/2026: Merger registered in CVR
  • 09/12/2025: Merger registered in CVR
  • 24/11/2025: Merger registered in CVR
  • 27/05/2025: Name changed from NATURE ENERGY BIOGAS A/S to Shell Biogas A/S
  • 01/01/2025: Industry changed to Manufacture of gas (352100)

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 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 1bnDKK 0DKK 1bnDKK 2bnDKK 3bnDKK 4bn202020212022202320242025
EquityNet profit
Financial figures for Shell Biogas A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot stated829,674–
Gross profit−15,881−35,702−88,281−8,164−75,79151,089+167.4%
Operating profit (EBIT)−72,166−126,228−176,775−198,178−272,927−239,601+12.2%
Profit before tax−73,893167,274−281,613−651,335−716,674−697,058+2.7%
Net profit−64,060181,441−251,440−626,605−695,030−697,055−0.3%
Total assets1,190,0341,613,5611,508,9623,725,7924,364,0444,455,607+2.1%
Equity855,7571,030,290777,7753,255,4343,865,6173,780,334−2.2%
Liabilities325,339562,380613,074351,459303,928637,497+109.8%
Cash and cash equivalents173,283236,94744,955170,626239,671251,353+4.9%
Average number of employees566691184203314+54.7%

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 2020, 2021, 2022, 2023, 2024: 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 100m−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60m202020212022202320242025
Gross profitMedian, the industry (54 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 4 years in a row

    Net result has been negative in 2022–2025.

    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

6 financial years
Annual reports for Shell Biogas A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202513/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202409/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202225/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202127/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/05/2021The companyPDFXBRL

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
010020030040050008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

54 companies in the database

Comparison with the other companies in manufacture of gas based on the latest financial year.

Gross profitDKK 51.1mNo. 3 of 54
Better than 96% of the companies in the industry
EquityDKK 3.8bnNo. 1 of 54
Better than 100% of the companies in the industry
Number of employees488No. 1 of 54
Better than 100% of the companies in the industry

Industry median: gross profit DKK 5m, net profit −DKK 1.9m, equity DKK 39.3m, 5 employees.

DKK 147kDKK 718kDKK 3.5mDKK 17.1mDKK 49.3mHere
Distribution of gross profit for 38 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 200–499 employees796 companies in the comparison
No. 651of 763
Better than 15%
No. 14of 796
Better than 98%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 675of 33,588
Better than 98%
No. 23of 33,687
Better than 100%
All companies of type A/S18,025 companies in the comparison
No. 2,860of 17,786
Better than 84%
No. 128of 18,024
Better than 99%

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

Manufacture of gas
Gross profit
  1. Shell Biogas A/SDKK 51.1m
  2. Bigadan A/SDKK 83.7m
  3. BioCirc Vinkel Biogas ApSDKK 59.7m
Net profit
  1. Shell Biogas A/S−DKK 697.1m
  2. Bigadan A/SDKK 30.6m
  3. BioCirc Vinkel Biogas ApSDKK 14.6m
Equity
  1. Shell Biogas A/SDKK 3.8bn
  2. Bigadan A/SDKK 320.3m
  3. BioCirc Vinkel Biogas ApSDKK 113.9m
Employees
  1. Shell Biogas A/S488
  2. Bigadan A/S66
  3. BioCirc Vinkel Biogas ApS27

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
  • Shell Petroleum B.V.100%
Shell Biogas A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at Shell Biogas A/S
NameRoleAppointed
Philipp MartiniCEO01/09/2026

Board of directors

Board of directors at Shell Biogas A/S
NameRoleAppointed
Stine Lykke Sønderby RaskBoard member16/05/2023
Jesper BundgaardChair of the board19/01/2026
Steen Asferg RasmussenBoard member30/01/2026
Philipp MartiniBoard member01/09/2026
Alex Juhl BurchallBoard member30/09/2026
Founders
Energi Fyn Energihandel A/S
Former management (35)
Former management at Shell Biogas A/S
NameRoleAppointedResigned
Jørn WindahlBoard member06/07/201212/11/2012
Jørn WindahlCEO06/07/201219/11/2012
Torben JensbyDeputy chair06/07/201212/11/2012
Peter GæmelkeChair of the board12/11/201215/09/2021
Anker BoyeBoard member12/11/201214/03/2018
Lars Christian LilleholtBoard member12/11/201229/06/2015
Pernille Rosenkrantz-TheilBoard member12/11/201226/06/2014
Hans Duus JørgensenCEO19/11/201222/09/2014
Bjarke PålssonDeputy chair19/11/201216/12/2013
Jens Møller NielsenBoard member25/03/201314/03/2018
Ole HvelplundDeputy chair16/12/201322/09/2014
Jens Kristian Munk ChristiansenBoard member26/06/201418/01/2018
Jens Otto DalhøjDeputy chair22/09/201414/03/2018
Ole HvelplundCEO22/09/201401/04/2024
Søren Steen AndersenBoard member18/01/201814/03/2018
Steen ParsholtDeputy chair14/03/201820/02/2023
Kim KragelundDirector14/03/201805/03/2019
Terrence Majid TehranianBoard member14/03/201820/02/2023
Sam AbboudBoard member14/03/201820/02/2023
Martin Dan JeppesenBoard member28/05/201930/09/2026
Jesper Skovgaard ValstedBoard member28/05/201931/01/2021
Alex Juhl BurchallBoard member31/01/202116/05/2023
Jesper Teddy LokChair of the board15/09/202120/02/2023
Tanja Jo DalgaardBoard member26/04/202220/02/2023
Ole HvelplundBoard member20/02/202330/06/2024
Sinead Caitlin LynchChair of the board20/02/202301/07/2024
Janneke Bertha Godefrida Antonia van Deursen AbelsBoard member20/02/202331/03/2024
Karel Martin KapounDeputy chair20/02/202331/01/2024
Thomas de BoerDeputy chair31/01/202431/03/2024
Janneke Bertha Godefrida Antonia van Deursen AbelsDeputy chair01/04/202430/06/2024
Thomas de BoerBoard member01/04/202401/09/2026
Thomas de BoerCEO01/04/202401/09/2026
Ole HvelplundDeputy chair01/07/202411/02/2025
Janneke Bertha Godefrida Antonia van Deursen AbelsChair of the board01/07/202419/01/2026
Jesper BundgaardDeputy chair11/02/202518/01/2026

Signing rule: Selskabet tegnes af bestyrelsens formand og den administrerende direktør i forening, eller af den samlede bestyrelse.

Address and production units

19 active production units

Ørbækvej 260
5220 Odense SØ

Odense Municipality · Postcode 5220

Other companies at the address (2)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Shell Biogas A/SØrbækvej 260, 5220 Odense SØ2251017794171
Aabenraa TankanlægØstre Havnevej 53, 6200 Aabenraa–1026730747
Shell Aarhus Biogas A/SBjergagervej 4, 8380 Trige–1032396263
Shell Biogas A/SHermesvej 1, 9530 Støvring–1032062381
Shell Biogas A/SAgro Food Park 26, 3, 8200 Aarhus N–1032638704
Shell Glansager BiogasGlansager 4C, 6400 Sønderborg–1032396352
Shell Hashøj BiogasVemmeløsevej 19A, 4261 Dalmose–1032396522
Shell Hemmet BiogasGundesbølvej 21A, 6893 Hemmet–1032396514
Shell Holsted BiogasGrindstedvej 4, 6670 Holsted–1032396484
Shell Korskro BiogasLunde Hovedvej 51, 6705 Esbjerg Ø–1032396492
Shell Kværs BiogasFelstedvej 35, 6300 Gråsten–1032396255
Shell Køng BiogasNæstvedvej 392, 4750 Lundby–1032396271
Shell Lolland BiogasVestre Landevej 327, 4952 Stokkemarke–1032396506
Shell Midtfyn BiogasLervangsvej 2A, 5750 Ringe–1032396360
Shell Månsson BiogasGrarupvej 1, 7330 Brande–1032396395

Showing 15 of 19 units (sorted by employees).

Purpose

Selskabets formål er at drive virksomhed med produktion og opgradering af bionaturgas samt dermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

113 registered events
202612 changesmanagement 10 · merger 1 · accounts 1
  • Alex Juhl Burchall appointed board member
  • Martin Dan Jeppesen stepped down as board member
  • Philipp Martini appointed ceo
  • Philipp Martini appointed board member
  • Thomas de Boer stepped down as ceo
  • Thomas de Boer stepped down as board member
  • Merger registered in CVR
  • Annual report for 2025 published
  • Steen Asferg Rasmussen appointed board member
  • Jesper Bundgaard appointed chair of the board
  • Janneke Bertha Godefrida Antonia van Deursen Abels stepped down as chair of the board
  • Jesper Bundgaard stepped down as deputy chair
20259 changesownership 2 · merger 2 · name 1 · accounts 1 · management 2 · industry 1
  • Shell Petroleum B.V. registered as owner (100%)
  • Shell Denmark Biogas Holding ApS is no longer registered as owner
  • Merger registered in CVR
  • Merger registered in CVR
  • Name changed from NATURE ENERGY BIOGAS A/S to Shell Biogas A/S
  • Annual report for 2024 published
  • Jesper Bundgaard appointed deputy chair
  • Ole Hvelplund stepped down as deputy chair
  • Industry changed to Manufacture of gas (352100)
202415 changesmerger 1 · management 13 · accounts 1
  • Merger registered in CVR
  • Ole Hvelplund appointed deputy chair
  • Janneke Bertha Godefrida Antonia van Deursen Abels appointed chair of the board
  • Sinead Caitlin Lynch stepped down as chair of the board
  • Janneke Bertha Godefrida Antonia van Deursen Abels stepped down as deputy chair
  • Ole Hvelplund stepped down as board member
  • Annual report for 2023 published
  • Thomas de Boer appointed ceo
  • Thomas de Boer appointed board member
  • Janneke Bertha Godefrida Antonia van Deursen Abels appointed deputy chair
  • Ole Hvelplund stepped down as ceo
  • Thomas de Boer stepped down as deputy chair
  • Janneke Bertha Godefrida Antonia van Deursen Abels stepped down as board member
  • Thomas de Boer appointed deputy chair
  • Karel Martin Kapoun stepped down as deputy chair
202312 changesaccounts 1 · management 11
  • Annual report for 2022 published
  • Stine Lykke Sønderby Rask appointed board member
  • Alex Juhl Burchall stepped down as board member
  • Ole Hvelplund appointed board member
  • Karel Martin Kapoun appointed deputy chair
  • Janneke Bertha Godefrida Antonia van Deursen Abels appointed board member
  • Sinead Caitlin Lynch appointed chair of the board
  • Tanja Jo Dalgaard stepped down as board member
  • Jesper Teddy Lok stepped down as chair of the board
  • Sam Abboud stepped down as board member
  • Terrence Majid Tehranian stepped down as board member
  • Steen Parsholt stepped down as deputy chair
20222 changesaccounts 1 · management 1
  • Annual report for 2021 published
  • Tanja Jo Dalgaard appointed board member
202110 changesaddress 4 · management 4 · name 1 · accounts 1
  • Moved to Ørbækvej 260, 5220 Odense SØ
  • Moved to Ørbækvej 260, 5220 Odense SØ
  • Jesper Teddy Lok appointed chair of the board
  • Peter Gæmelke stepped down as chair of the board
  • Name changed from NGF NATURE ENERGY BIOGAS A/S to NATURE ENERGY BIOGAS A/S
  • Annual report for 2020 published
  • Moved to Ørbækvej 260, 5220 Odense SØ
  • Alex Juhl Burchall appointed board member
  • Jesper Skovgaard Valsted stepped down as board member
  • Moved to Ørbækvej 260, 5220 Odense SØ
20197 changescapital 2 · address 2 · management 3
  • Share capital changed from 10,446,891 DKK to 12,917,919 DKK
  • Moved to Ørbækvej 260, 5220 Odense SØ
  • Jesper Skovgaard Valsted appointed board member
  • Martin Dan Jeppesen appointed board member
  • Share capital changed from 6,328,510 DKK to 10,446,891 DKK
  • Moved to Ørbækvej 260, 5220 Odense SØ
  • Kim Kragelund stepped down as director
201814 changescapital 2 · management 10 · ownership 2
  • Share capital changed from 5,000,000 DKK to 6,328,510 DKK
  • Share capital changed from 3,000,000 DKK to 5,000,000 DKK
  • Sam Abboud appointed board member
  • Terrence Majid Tehranian appointed board member
  • Kim Kragelund appointed director
  • Steen Parsholt appointed deputy chair
  • Søren Steen Andersen stepped down as board member
  • Jens Otto Dalhøj stepped down as deputy chair
  • Jens Møller Nielsen stepped down as board member
  • Anker Boye stepped down as board member
  • Shell Denmark Biogas Holding ApS registered as owner (100%)
  • NGF NATURE ENERGY HOLDING A/S is no longer registered as owner
  • Søren Steen Andersen appointed board member
  • Jens Kristian Munk Christiansen stepped down as board member
20171 changecapital 1
  • Share capital changed from 2,500,000 DKK to 3,000,000 DKK
20161 changeaddress 1
  • Moved to Ørbækvej 260, 5220 Odense SØ
20151 changemanagement 1
  • Lars Christian Lilleholt stepped down as board member
201411 changescapital 3 · ownership 1 · management 6 · name 1
  • Share capital changed from 2,000,000 DKK to 2,500,000 DKK
  • NGF NATURE ENERGY HOLDING A/S registered as owner (100%)
  • Share capital changed from 1,500,000 DKK to 2,000,000 DKK
  • Jens Otto Dalhøj appointed deputy chair
  • Ole Hvelplund appointed ceo
  • Ole Hvelplund stepped down as deputy chair
  • Hans Duus Jørgensen stepped down as ceo
  • Name changed from BIONATURGAS DANMARK A/S to NGF NATURE ENERGY BIOGAS A/S
  • Share capital changed from 1,000,000 DKK to 1,500,000 DKK
  • Jens Kristian Munk Christiansen appointed board member
  • Pernille Rosenkrantz-Theil stepped down as board member
20135 changesmanagement 3 · capital 1 · industry 1
  • Ole Hvelplund appointed deputy chair
  • Bjarke Pålsson stepped down as deputy chair
  • Jens Møller Nielsen appointed board member
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Industry changed to Manufacture of gas (352100)
201213 changesmanagement 12 · founded 1
  • Bjarke Pålsson appointed deputy chair
  • Hans Duus Jørgensen appointed ceo
  • Jørn Windahl stepped down as ceo
  • Anker Boye appointed board member
  • Pernille Rosenkrantz-Theil appointed board member
  • Lars Christian Lilleholt appointed board member
  • Peter Gæmelke appointed chair of the board
  • Torben Jensby stepped down as deputy chair
  • Jørn Windahl stepped down as board member
  • Registered as BIONATURGAS DANMARK A/S
  • Jørn Windahl appointed ceo
  • Torben Jensby appointed deputy chair
  • Jørn Windahl appointed board member

Related companies

Same industry in Odense

See all →

Same people in management

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 23/10/2026.

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