IRD Fuel Cells A/S
CVR 14689605 · Public limited company (A/S) · Active · Low risk
IRD Fuel Cells A/S is a Public limited company (A/S), founded on , based in Odense SØ. The company is registered in the industry forskning og eksperimentel udvikling inden for naturvidenskab og teknik. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 20 annual reports have been published, of which 5 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 244.1m and a net result of DKK -107.7m.
Bankruptcy risk for IRD Fuel Cells A/S
0.1%
probability of bankruptcy within 12 months
Low risk
0.0 × the average (1.41%) · higher risk than 33% of active Danish companies
Lowest riskHighest risk
Increases the risk
CEO changes in the last year1 · bankruptcy rate 21.1%2.4×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Equity vs. share capital1× · bankruptcy rate 12.9%1.5×
Number of CEOs0 · bankruptcy rate 12.7%1.4×
CEO's other companies0 · bankruptcy rate 10.9%1.2×
Loss for the yearYes · bankruptcy rate 10.3%1.2×
Reduces the risk
Reporting classReporting class C, medium-size enterprise · bankruptcy rate 0.8%0.09×
Age (years)20+ yrs · bankruptcy rate 2.0%0.23×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Number of auditors (historical)3+ · bankruptcy rate 3.7%0.42×
CEOs in total (historical)5+ · bankruptcy rate 3.8%0.43×
Company typeA/S · bankruptcy rate 4.4%0.50×
Share of late annual reports0.01%–25% · bankruptcy rate 4.5%0.51×
The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.
Company details
- CVR number
- 14689605
- Status
- Active
- Company type
- Public limited company (A/S)
- Founded
- (36 years)
- Address
- Emil Neckelmanns Vej 15A
5220 Odense SØ - Municipality
- Odense
- Industry
- Forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721000)
Bankruptcies in the industry: Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik - Share capital
- DKK 127.3m
- Employees
- 30 (2018)
- Auditor
- Haamann Statsautoriseret Revisionspartnerselskab
- Audit opted out
- No
Warning signs
| Annual reports filed late | 6 of 30 |
| Missing annual report | No |
| Negative equity | No |
| Equity ratio | 76.4% |
| Current ratio | 158% |
| Moves (last 2 years) | 0 |
| CEO changes in total | 10 |
| CEO's previous bankruptcies | 0 |
| Other companies at the address | 14 |
| Going-concern uncertainty | No |
Financials and key figures
| Financial year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Gross profit | DKK 23.8m | DKK 27.8m | DKK 23.3m |
| Net profit | DKK -107.7m | DKK -19.8m | DKK -17.1m |
| Equity | DKK 244.1m | DKK 202.4m | DKK 220.0m |
| Total assets | DKK 319.6m | DKK 406.0m | DKK 374.7m |
| Cash | DKK 18.3m | DKK 21.6m | – |
| Short-term debt | DKK 75.5m | – | – |
| Tax owed | DKK 0 | DKK 0 | – |
| Avg. employees | 79 | 70 | – |
Latest annual report: Reporting class C, medium-size enterprise · auditor's statement: Auditor's report on audited financial statements · Haamann Statsautoriseret Revisionspartnerselskab.
Filed annual reports
| Reporting period | Published | Days after period end | |
|---|---|---|---|
| 1 Jan 2025 – 31 Dec 2025 | 204 | Late | |
| 1 Jan 2024 – 31 Dec 2024 | 196 | Late | |
| 1 Jan 2023 – 31 Dec 2023 | 196 | Late | |
| 1 Jan 2022 – 31 Dec 2022 | 184 | Late | |
| 1 Jan 2021 – 31 Dec 2021 | 181 | ||
| 1 Jan 2020 – 31 Dec 2020 | 161 | ||
| 1 Jan 2019 – 31 Dec 2019 | 246 | Late | |
| 1 Jan 2018 – 31 Dec 2018 | 140 | ||
| 1 Jan 2017 – 31 Dec 2017 | 135 | ||
| 1 Jan 2016 – 31 Dec 2016 | 124 | ||
| 1 Jan 2015 – 31 Dec 2015 | 112 | ||
| 1 Jan 2014 – 31 Dec 2014 | 107 | ||
| 1 Jan 2013 – 31 Dec 2013 | 69 | ||
| 1 Jul 2011 – 30 Jun 2012 | 81 | ||
| 1 Jul 2010 – 30 Jun 2011 | 117 | ||
| 1 Jul 2009 – 30 Jun 2010 | 161 | ||
| 1 Jul 2008 – 30 Jun 2009 | 148 | ||
| 1 Jul 2007 – 30 Jun 2008 | 90 | ||
| 1 Jul 2006 – 30 Jun 2007 | 79 | ||
| 1 Jul 2005 – 30 Jun 2006 | 69 |
The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.
Management, owners and auditor
| Role | Name | From | To |
|---|---|---|---|
| CEO | Caj Eric Carstens | ||
| CEO | Per Emil Hasselbalch Stakemann | ||
| CEO | Jørgen Schjerning Lundsgaard | ||
| CEO | Bjørn Thorsen | ||
| CEO | Torben Ude Petersen | ||
| CEO | Liangyu Cao | ||
| Board | Sheng Xu | Current | |
| Board | Feng Xu | Current | |
| Board | Gang LI | Current | |
| Board | Liangyu Cao | Current | |
| Board | Shi Hui | Current | |
| Board | Hui XU | Current | |
| Board | Frederik Lønborg Crone | ||
| Board | Ulla Øhlenschlæger | ||
| Board | Jørgen Grønlund Nielsen | ||
| Board | Leif Pilgaard Møller | ||
| Board | Christian Foldberg Rovsing | ||
| Board | Arne Gillin | ||
| Board | John Emil Engell | ||
| Board | Birgitte Krogsgaard Danø | ||
| Board | Steen Skov Storgaard | ||
| Board | John Oswald Thomas | ||
| Board | Morten Støvring | ||
| Board | Arne Knudsen | ||
| Board | Søren Henrik Nielsen Rathmann | ||
| Board | Arne Anton Clausen | ||
| Board | Anders Jørgen Banke | ||
| Board | Bent Agerholm | ||
| Board | Knud Bent Steen Larsen | ||
| Board | Jørgen Schjerning Lundsgaard | ||
| Board | Thorkild Steen Sørensen | ||
| Board | Tommy Lykkegaard | ||
| Board | Jens Christian Sørensen | ||
| Board | Jens Christian Sørensen | ||
| Board | Pernille Iversen | ||
| Board | Tommy Lykkegaard | ||
| Board | Lars Bonderup Bjørn | ||
| Board | Jens Christian Sørensen | ||
| Board | Tommy Lykkegaard | ||
| Board | Jens Christian Sørensen | ||
| Board | Pernille Iversen | ||
| Board | Xiao Li | ||
| Board | Chen Cong | ||
| Board | Qingxi Shi | ||
| Board | Xiao Li | ||
| Board | Xiaodong Wang | ||
| Board | Jinjun Liu | ||
| Board | Madeleine Odgaard | ||
| Board | Gang Li | ||
| Board | Yunfeng Xu | ||
| Board | Luc Ghislain Wanten | ||
| Board | Dajun Dong | ||
| Board | Sheng Xu | ||
| Board | Xiaodong Wang | ||
| Owner (100%) | Weifu Holding ApS | Current | |
| Owner (100%) | EWII A/S | ||
| Owner (100%) | EWII A/S | ||
| Owner (100%) | FCCT ApS | ||
| Owner (33%) | FCCT ApS | ||
| Owner (50%) | Weifu Holding ApS | ||
| Auditor | Haamann Statsautoriseret Revisionspartnerselskab | Current | |
| Auditor | Erik Tronborg Andersen | ||
| Auditor | "REVISIONSFIRMAET EDVIN MUNK RINGE A/S, STATSAUTORISEREDE REVISORER" | ||
| Auditor | E.R. JENSEN ApS | ||
| Auditor | Jan Ole Edelbo vo | ||
| Auditor | FASBAG A/S | ||
| Auditor | Bogføring I/S | ||
| Auditor | DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB | ||
| Auditor | HAAMANN 1 A/S | ||
| Founder | A/S PSE NR. 1680 | Current |
The CEOs' other companies
Caj Eric Carstens – 3 other companies, of which 1 bankrupt
- ELCON PCB TECHNOLOGY A/S Bankrupt 28 Oct 2011
- SCANDINAVIAN BRAKE SYSTEMS A/S Opløst
- SieMar A/S Active
Per Emil Hasselbalch Stakemann – 45 other companies, of which 45 bankrupt
- "HEDEVANG MØBLER A/S" Bankrupt 27 Nov 1990
- "J.A.M. TRANSPORTBÅND A/S" Bankrupt 18 Aug 1993
- "NELLE'S RENGØRING A/S" Bankrupt 16 Jul 1990
- 'HG 405 PAVIA AF HIRTSHALS ApS' Bankrupt 4 Jul 2007
- 'ZOO-TEX ApS' Bankrupt 25 Nov 2016
- 02 HOLDING A/S Bankrupt 16 Oct 2008
- 09.28 ANNO 2007 ApS Bankrupt 13 Feb 2009
- 1/7 1987 A/S Bankrupt 21 Aug 2003
- 100 GB ApS Bankrupt 5 May 1994
- 11 DESIGN A/S Bankrupt 28 Apr 2015
- 1356 INVEST ApS Bankrupt 8 Apr 2011
- 15/11 1990 A/S Bankrupt 11 Oct 1994
- 15689382 ApS Bankrupt 26 Jun 2017
- 19.09.2021 ApS Bankrupt 8 Dec 2023
- 23/5 914 ApS Bankrupt 25 Jun 1991
- 3 X 65 SERVICE ApS Bankrupt 3 Mar 1997
- 3 X P A/S Bankrupt 10 Sep 1990
- 31.12.2007 X A/S Bankrupt 28 Oct 2008
- 3B DEVELOPMENT GROUP ApS Bankrupt 2 Nov 2006
- 4 FONTANE ApS Bankrupt 2 Oct 2002
- 4A MANAGEMENT ApS Bankrupt 7 May 1992
- 7 9 13 FORSIKRINGSERVICE ApS Bankrupt 20 Mar 2024
- A - INFORMATIK A/S Bankrupt 9 Oct 2013
- A J J FINANS NR. 1 ApS Bankrupt 23 Feb 1995
- A'SHARQ TV ApS Bankrupt 26 Nov 1992
- A-T SPECIALENTREPRICE ApS Bankrupt 3 Aug 2001
- A. K. OLIE ApS Bankrupt 18 Nov 2008
- A. UNO ApS Bankrupt 19 Jan 1996
- A.B. BYG ApS Bankrupt 4 Dec 1996
- A.H. GRAFIK ApS Bankrupt 23 Jan 1990
Jørgen Schjerning Lundsgaard – 48 other companies, of which 12 bankrupt
- ADVANCED MEDICO TECHNOLOGY A/S Bankrupt 7 Jul 1998
- AKTIESELSKABET AF 15.FEBRUAR 2011 Bankrupt 10 Mar 2011
- BIO TAP A/S Bankrupt 29 Jun 2017
- BIOSCAN A/S Bankrupt 19 Feb 2007
- ELCON PCB TECHNOLOGY A/S Bankrupt 28 Oct 2011
- GL. HESTEHAUGE ApS Bankrupt 14 Dec 1993
- GUNDESTRUP MEJERI OG BRYGHUS A/S Bankrupt 6 Jun 2023
- H & L ENGINEERING A/S Bankrupt 20 Sep 1993
- LABORATORIET FOR ENERGIFORSKNING Bankrupt 27 Feb 1987
- NATURAL MEDICO TECH ApS Bankrupt 26 Nov 2010
- SVENDBORG VÆRFT A/S Bankrupt 20 Jan 1997
- TULIPAN INVEST - HORSENS ApS Bankrupt 27 Jun 2011
- A/S ØRSTEDSGADE 10-18. ODENSE Fusioneret
- AQUA-WALL DANMARK A/S Fusioneret
- BIBAKKEN A/S Opløst
- COOL4SEA ApS Active
- Danish Aerospace and Defence Company A/S Active
- E.P. SALES A/S Fusioneret
- EJENDOMSSELSKABET RANTZAU A/S Active
- ERD ApS Fusioneret
- ERL A/S Fusioneret
- GREEN CLAY ApS Opløst
- InnoCell ApS Active
- JGN 2 3-12-2018 ApS Fusioneret
- JGN 3 Glamsbjerg ApS Fusioneret
- JSL ApS Compulsorily dissolved
- KOMPLEMENTARSELSKABET STEVNS ApS Active
- LUNDSGAARD HOLDING ApS Active
- MARITIME WOOD CRAFT ApS Active
- MILJØ CONSULT FYN A/S Fusioneret
Bjørn Thorsen – 16 other companies, of which 3 bankrupt
- AT af 6. juli 2015 A/S Bankrupt 10 Jul 2015
- Datoselskabet af den 20. august 2024 A/S Bankrupt 21 Aug 2024
- East Metal Holding A/S Bankrupt 28 Aug 2024
- EJENDOMSSELSKABET RANTZAU A/S Active
- Frederiksgade 15A ApS Active
- Frederiksgade 17 ApS Active
- GULDFELDT TØMRER OG MURER A/S Fusioneret
- Guldfeldt A/S Active
- Guldfeldt Ejendomme ApS Active
- Guldfeldt Holding A/S Active
- HANS JØRGENSEN & SØN ENTREPRENØRER A/S Active
- IB ANDRESEN INDUSTRI. VEJLE A/S Fusioneret
- KILDEHØJ ApS Active
- MARIUS PEDERSEN A/S Active
- Marius Pedersen Holding A/S Active
- Strandhuse 5 ApS Active
Torben Ude Petersen – 4 other companies
- AQ DENMARK A/S Opløst
- DANTRAFO A/S Active
- EPOKE A/S Active
- SAWO A/S Active
Address history (2 moves)
| Emil Neckelmanns Vej 15A, 5220 Odense SØ | |
| Emil Neckelmanns Vej 15A, 5220 Odense SØ | |
| Kullinggade 31, 5700 Svendborg |
Former names
| IRD Fuel Cells A/S | – now |
| EWII Fuel Cells A/S | – |
| IRD A/S | – |
| INNOVISION R&D A/S | – |
| ULTRASONIC PROCESSING SYSTEMS ApS | – |
| ApS SPKR 4 NR. 3211 | – |
Employees per year
Other companies at the same address
- BBP ApS Active
- CRATEIT ApS Active
- DANSK SPRINKLER TEKNIK II A/S Fusioneret
- DANSK SPRINKLER TEKNIK NORGE ApS Fusioneret
- Dansk Sprinkler Teknik Holding ApS Fusioneret
- EFFIMAT STORAGE TECHNOLOGY A/S Active
- FCCT ApS Active
- Fire Protection Solutions Dansk A/S Active
- GBB Ventures ApS Active
- MOBIKOM HOLDING ApS Fusioneret
- Nordic BrandBase A/S Active
- ODINTEK ApS Active
- Weifu Holding ApS Active
- Wibe & Kaagaard Holding ApS Active
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- DB LAB A/S Odense SØ
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- Skanhoff ApS Odense M
- NUCLEOQR ApS Odense C
- Crossingbio ApS Odense M
- GreenBiopsy ApS Odense M
- VitroZymes ApS Odense C
- Robothania A/S Odense S
- Zostera-Marina ApS Odense C
- Marine Miracle Labs ApS Odense C
- Blinktroll Robotics ApS Odense C
- Fionia Cybernetics ApS Odense M
Questions and answers about IRD Fuel Cells A/S
Has IRD Fuel Cells A/S gone bankrupt?
No, IRD Fuel Cells A/S is not registered as bankrupt in the CVR register. Its status is: active.
What is the bankruptcy risk of IRD Fuel Cells A/S?
Our model estimates a bankruptcy risk of 0.1% over the next 12 months (low risk), which is 0.0 times the average for Danish companies.
Who is the auditor of IRD Fuel Cells A/S?
IRD Fuel Cells A/S most recently used Haamann Statsautoriseret Revisionspartnerselskab.
When was IRD Fuel Cells A/S founded?
IRD Fuel Cells A/S was founded on 1 August 1990.
What is the equity of IRD Fuel Cells A/S?
Equity was DKK 244.1m according to the annual report for the period ending 31 December 2025.
Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.