North Sea Hydrogen A/S

CVR 43997181 · Public limited company (A/S) · Active · Low risk

North Sea Hydrogen A/S is a Public limited company (A/S), founded on , based in Lemvig. The company is registered in the industry produktion af gas. Our model estimates a bankruptcy risk of 0.1% over the next 12 months, which is 0.0 times the average for Danish companies. 3 annual reports have been published, of which 1 more than six months after the end of the financial year. The latest annual report (31 Dec 2025) shows equity of DKK 29.6m and a net result of DKK 168k. CEO: Pat A Han, Jonas Torp Andersen, Kazuo Matsuoka.

Bankruptcy risk for North Sea Hydrogen A/S

0.1%
probability of bankruptcy within 12 months
Low risk

0.0 × the average (1.41%) · higher risk than 27% of active Danish companies

Lowest riskHighest risk

Increases the risk

CEO changes in the last year2+ · bankruptcy rate 18.5%2.1×
Time since new CEO0.5–1 yrs · bankruptcy rate 15.6%1.8×
Age (years)3–5 yrs · bankruptcy rate 13.3%1.5×
Published annual reports3–5 · bankruptcy rate 11.7%1.3×
Annual reports filed late1 · bankruptcy rate 11.3%1.3×
Share of late annual reports25%–50% · bankruptcy rate 10.6%1.2×
Other companies at the same address20–100 · bankruptcy rate 10.2%1.2×

Reduces the risk

Equity vs. share capital5+× · bankruptcy rate 2.5%0.28×
Auditor's statementExtended review · bankruptcy rate 2.9%0.33×
Equity ratio60%+ · bankruptcy rate 3.3%0.38×
Current ratio200%–500% · bankruptcy rate 3.4%0.39×
Number of CEOs3+ · bankruptcy rate 4.0%0.46×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor resigned in the last yearYes · bankruptcy rate 4.6%0.52×

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
43997181
Status
Active
Company type
Public limited company (A/S)
Founded
(3 years)
Address
Havnen 66
7620 Lemvig
Municipality
Lemvig
Industry
Produktion af gas (352100)
Bankruptcies in the industry: Produktion af elektricitet
Share capital
DKK 400k
Auditor
Cedra Godkendt Revisionsaktieselskab
Audit opted out
No

Warning signs

Annual reports filed late1 of 3
Missing annual reportNo
Negative equityNo
Equity ratio99.6%
Current ratio422%
Moves (last 2 years)0
CEO changes in total4
CEO's previous bankruptcies0
Other companies at the address22
Going-concern uncertaintyNo

Financials and key figures

Financial year202520242023
Gross profitDKK 245kDKK -17kDKK -12k
Net profitDKK 168kDKK -12kDKK -10k
EquityDKK 29.6mDKK 377kDKK 390k
Total assetsDKK 29.8mDKK 387kDKK 400k
CashDKK 525kDKK 381k–
Short-term debtDKK 126kDKK 10k–
Avg. employees0––

Latest annual report: Reporting class B · auditor's statement: Erklæring om udvidet gennemgang · Deloitte Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Jan 2025 – 31 Dec 2025190 Late
1 Jan 2024 – 31 Dec 2024134
19 Apr 2023 – 31 Dec 2023173

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

RoleNameFromTo
CEOPat A HanCurrent
CEOJonas Torp AndersenCurrent
CEOKazuo MatsuokaCurrent
CEOBjarke Mollerup Bitsch
BoardBjarke Mollerup BitschCurrent
BoardHiroshi HoriiCurrent
BoardPeter BartramCurrent
BoardRui Louis KakudaCurrent
BoardNiels Erik Skovmose Madsen
BoardPat A Han
BoardPeter Bartram
BoardKo Akiyama
Owner (100%)North Sky A/SCurrent
Owner (100%)Skovgaard Energy A/S
AuditorCedra Godkendt RevisionsaktieselskabCurrent
AuditorDELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB
FounderSkovgaard Energy A/SCurrent

The CEOs' other companies

Pat A Han – 6 other companies

Jonas Torp Andersen – 2 other companies

Kazuo Matsuoka – 2 other companies

Bjarke Mollerup Bitsch – 18 other companies

Address history (0 moves)

Havnen 66, 7620 Lemvig

Other companies at the same address

Similar companies in Lemvig

Questions and answers about North Sea Hydrogen A/S

Has North Sea Hydrogen A/S gone bankrupt?

No, North Sea Hydrogen A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of North Sea Hydrogen 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 CEO of North Sea Hydrogen A/S?

Pat A Han, Jonas Torp Andersen, Kazuo Matsuoka are the CEOs of North Sea Hydrogen A/S.

Who is the auditor of North Sea Hydrogen A/S?

North Sea Hydrogen A/S most recently used Cedra Godkendt Revisionsaktieselskab.

When was North Sea Hydrogen A/S founded?

North Sea Hydrogen A/S was founded on 19 April 2023.

What is the equity of North Sea Hydrogen A/S?

Equity was DKK 29.6m 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.