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Stiesdal Hydrogen A/S

Public limited companyCVR 41828692GiveActive

Stiesdal Hydrogen A/S is a public limited company, based in Give, active in research and experimental development on natural sciences and engineering, founded in 2020. The company made a loss in both 2024 and 2025, most recently DKK 68m. Operations are spread over 3 production units in 3 towns. With 39 employees, the company is about 8 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 29.8m+16.1% vs. 2024
Net profit−DKK 68m−18.9% vs. 2024
EquityDKK 176.8m−27.8% vs. 2024
Employees39latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 57.2m to DKK 68m (2024 → 2025).
  • Equity fell 28% (2024 → 2025), to DKK 176.8m.

Employees

  • 13 fewer employees than a year earlier: 39 (07/2026) against 52 (07/2025).

Management and owners, last 24 months

  • Stepped down: Niels Olaf Ahrengot (board member, 21/08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)

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 2021–2025 · amounts in DKK thousand

Equity and net profit

−DKK 100m−DKK 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250m20212022202320242025
EquityNet profit
Financial figures for Stiesdal Hydrogen A/S
20212022202320242025Change
Revenuenot statednot statednot statednot statednot stated–
Gross profit−4,086−432−20,125−35,466−29,763+16.1%
Operating profit (EBIT)−4,600−11,457−41,675−64,257−68,983−7.4%
Profit before tax−4,977−12,802−49,605−74,124−71,976+2.9%
Net profit−2,671−6,934−37,700−57,211−68,034−18.9%
Total assets53,64991,567213,694293,801309,829+5.5%
Equity37,82930,89593,195244,784176,750−27.8%
Liabilities15,82060,672116,39949,017129,615+164.4%
Cash and cash equivalents29,7125,36210,98141,54336,264−12.7%
Average number of employees315293747+27%

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 2021, 2022, 2023, 2024, 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 40m−DKK 35m−DKK 30m−DKK 25m−DKK 20m−DKK 15m−DKK 10m−DKK 5mDKK 020212022202320242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 5 years in a row

    Net result has been negative in 2021–2025.

    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

5 financial years
Annual reports for Stiesdal Hydrogen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202508/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202303/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202201/05/2023The companyPDFXBRL
202101/11/2020 – 31/12/202102/05/2022The 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
0102030405008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

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 29.8mNo. 411 of 421
Better than 2% of the companies in the industry
EquityDKK 176.8mNo. 23 of 431
Better than 95% of the companies in the industry
Number of employees39No. 43 of 431
Better than 90% 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 20–49 employees9,922 companies in the comparison
No. 9,872of 9,892
Better than 0%
No. 218of 9,922
Better than 98%
Same industry and 20–49 employees64 companies in the comparison
No. 57of 62
Better than 8%
No. 9of 64
Better than 87%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,561of 33,588
Better than 0%
No. 449of 33,687
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 17,744of 17,786
Better than 0%
No. 1,569of 18,024
Better than 91%

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. Stiesdal Hydrogen A/S−DKK 29.8m
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. Stiesdal Hydrogen A/S−DKK 68m
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. Stiesdal Hydrogen A/SDKK 176.8m
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. Stiesdal Hydrogen A/S39
  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
Stiesdal Hydrogen A/S

Management

8 active registrations

Executive management

Executive management at Stiesdal Hydrogen A/S
NameRoleAppointed
Peder Riis NickelsenDirector01/11/2020

Board of directors

Board of directors at Stiesdal Hydrogen A/S
NameRoleAppointed
Peder Riis NickelsenBoard member01/11/2020
Henrik StiesdalBoard member01/11/2020
Kim Schønnemann BøttkjærChair of the board01/11/2020
Carsten Risvig PedersenBoard member01/11/2020
Heidi Hjelm KamstrupBoard member12/05/2021
Lars Bondo KrogsgaardBoard member28/04/2023
John Rubek LauritsenBoard member02/07/2024
Founders
Stiesdal A/S
Former management (2)
Former management at Stiesdal Hydrogen A/S
NameRoleAppointedResigned
Niels Olaf AhrengotBoard member01/11/202021/08/2025
Tove FeldBoard member12/05/202128/04/2023

Signing rule: Selskabet tegnes af en direktør i forening med bestyrelsesformanden eller af den samlede bestyrelse.

Address and production units

3 active production units

Vejlevej 270
7323 Give

Vejle Municipality · Postcode 7323

Other companies at the address (7)

Production units
Production unitAddressEmployeesP number
Stiesdal Hydrogen A/SVejlevej 270, 7323 Give311026447999
Stiesdal Hydrogen A/SNyropsgade 37, 1, 1602 København V71032055938
Stiesdal Hydrogen A/SFruebjergvej 3, 2100 København Ø–1030014363

Purpose

Selskabets formål er at drive oplysnings- og opfindervirksomhed indenfor Power-to-X teknologier, samt dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

34 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesmanagement 1 · accounts 1 · industry 1
  • Niels Olaf Ahrengot stepped down as board member
  • Annual report for 2024 published
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20242 changesaccounts 1 · management 1
  • Annual report for 2023 published
  • John Rubek Lauritsen appointed board member
20233 changesaccounts 1 · management 2
  • Annual report for 2022 published
  • Lars Bondo Krogsgaard appointed board member
  • Tove Feld stepped down as board member
20222 changesaccounts 1 · name 1
  • Annual report for 2021 published
  • Name changed from Stiesdal PtX Technologies A/S to Stiesdal Hydrogen A/S
20213 changescapital 1 · management 2
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Tove Feld appointed board member
  • Heidi Hjelm Kamstrup appointed board member
202020 changesfounded 1 · management 6 · ownership 13
  • Registered as Stiesdal PtX Technologies A/S
  • Niels Olaf Ahrengot appointed board member
  • Carsten Risvig Pedersen appointed board member
  • Kim Schønnemann Bøttkjær appointed chair of the board
  • Peder Riis Nickelsen appointed director
  • Peder Riis Nickelsen appointed board member
  • Henrik Stiesdal appointed board member
  • Anders Myssen Hoen registered as owner (5%)
  • Anders Myssen Hoen is no longer registered as owner
  • Kim Schønnemann Bøttkjær registered as owner (5%)
  • Kim Schønnemann Bøttkjær is no longer registered as owner
  • NIELS AHRENGOT CONSULTING ApS registered as owner (5%)
  • NIELS AHRENGOT CONSULTING ApS is no longer registered as owner
  • AP Renewable Technologies ApS registered as owner (33.33%)
  • AP Renewable Technologies ApS is no longer registered as owner
  • Zira Invest IV ApS registered as owner (5%)
  • Zira Invest IV ApS is no longer registered as owner
  • STIESDAL HOLDING A/S registered as owner (25%)
  • STIESDAL HOLDING A/S is no longer registered as owner
  • STIESDAL A/S registered as owner (100%)

Related companies

Same people in management

Largest in the industry

See all →

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.

View in CVRReport a correction