Nordic Hydrogen ApS

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CVR 43850555Sortemosevej 21, 3450 AllerødEngineering activities and related technical consultancy· NACE 7112Est. 2023 · 3 years old5 employees

Overview

Nordic Hydrogen ApS is a Danish APS based in Allerød, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2023, the company has 5 employees and reported a gross profit of DKK 1.5m in its latest annual filing.

Gross profit 2025

1.5M DKK

+68% vs 2024

EBITDA margin (of gross profit)

45.0 %

+21% vs 2024

Net profit 2025

0.5M DKK

+23% vs 2024

Key ratios

See full ratios →

60.2 %

Average

Around the average of companies in the same industry

20232025

0.7×

Very weak

Among the 20% lowest rated companies in the industry

20232025

32.3 %

Very strong

Among the 20% highest rated companies in the industry

20232025

EBITDA — year on year

DKK thousands

Key figures

Annual report 2025

Gross profit	1.5M DKK	+68%
EBITDA	0.7M DKK	+21%
Net profit	0.5M DKK	+23%
Total assets	1.6M DKK	+116%
Equity	1M DKK	+115%
Employees	5	—

Contact

Address

Sortemosevej 21, 3450 Allerød

Phone

+45 2890 5851

Advertising protection

Active — opted out of marketing use

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Financial development

In its most recent annual report (2025), Nordic Hydrogen ApS reported a gross profit of DKK 1.5m, an increase of 68% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net profit of DKK 528.5k, and the EBITDA margin stood at 45%.

At the end of 2025, equity financed 60.2% of the balance sheet, and current assets covered short-term debt 0.7 times.

Financials

Gross profit

DKK thousands

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2025	2024	2023
Gross profit	1,536	917	2
Staff expenses	-844	-344	-8
EBITDA	692	572	-10
Depreciation & amort.	-33	-33	-1
EBIT	659	540	-11
Net financials	-1	0	0
Profit before tax	658	540	-11
Tax	130	111	-0
Net profit	529	430	-11

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Balance sheet

DKK thousands

Item	2025	2024	2023
Total assets	1,638	757	71
Equity	987	458	29
Long-term debt	0	0	0
Short-term debt	359	195	42
Total debt	359	195	42

Financial ratios

5-year trend

EBITDA margin (of gross profit)

45.0 %

20232025

Equity ratio

60.2 %

Average

Around the average of companies in the same industry

20232025

Return on equity

53.6 %

Strong

Among the 30% highest rated companies in the industry

20232025

Net profit margin (of gross profit)

34.4 %

20232025

Asset turnover (of gross profit)

0.94×

20232025

Debt / equity

0.66×

Average

Around the average of companies in the same industry

20232025

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Strong

Among the 30% highest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very strong

Among the 20% highest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Strong

Among the 30% highest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Very strong

Among the 20% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioVery strong

Among the 20% highest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Liquidity

Current ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioVery weak

Among the 20% lowest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery strong

Among the 10% highest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalVery weak

Among the 10% lowest rated companies in the industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioStrong

Among the 30% highest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioStrong

Among the 30% highest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityAverage

Around the average of companies in the same industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityAverage

Around the average of companies in the same industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery strong

Among the 20% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtVery strong

Among the 10% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageVery strong

Among the 10% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtStrong

Among the 30% highest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 20% highest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalStrong

Among the 30% highest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery strong

Among the 10% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery weak

Among the 20% lowest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-02-14 – 2023-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
SG Sarah Groot Shapel Management	Management	2023

Board of directors

Non-executive oversight

No data on file.

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Groot Holding ApS	Company	100%	100%	2023
Victor PG Holding ApS	Company	10–14.99%	10–14.99%	2024

Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.

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Related companies

Company hierarchy

Victor PG Holding ApS10%

Groot Holding ApS100%

Nordic Hydrogen ApS (this company)

Board network connections

Board members of Nordic Hydrogen ApS also hold positions in 1 other company.

Person	Role here	Other companies
Sarah Groot Shapel	Management	1 company

Frequently asked questions

What is the CVR number of Nordic Hydrogen ApS?

Nordic Hydrogen ApS is registered with CVR / Virk under CVR 43850555.

What is the gross profit of Nordic Hydrogen ApS?

Nordic Hydrogen ApS reported a gross profit of DKK 1.5m in 2025.

How many employees does Nordic Hydrogen ApS have?

Nordic Hydrogen ApS employs 5 people as of the latest annual report.

Where is Nordic Hydrogen ApS headquartered?

Nordic Hydrogen ApS's registered address is Sortemosevej 21.