Clever A/S Due Diligence

Run due diligence on Clever A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Andel A.M.B.A. (Denmark) · clever.dk · 53 vendors

Clever is Denmark's largest electric vehicle charging network operator, providing charging solutions for private customers, businesses, and housing associations. The company offers home charging boxes, public charging stations, and electricity services, operating over 59,548 charging points across Denmark with 1,632 fast and ultra-fast chargers.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 53 sub-vendors.

Insights

Last updated 2026-09-15 · revision 22

53 direct vendors, 317 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

ISO 27001 (source) — No public evidence

ISO 27001 is the international standard for an ISMS. It is highly relevant for a company in the energy sector that needs to manage and protect its information assets systematically.

SOC 2 (source) — No public evidence

SOC 2 is a voluntary assurance framework relevant for service organizations that handle customer data. For a company in critical infrastructure, it provides a recognized standard for security and availability.

AFIR — Evidence found

The Alternative Fuels Infrastructure Regulation applies to operators of publicly accessible electric vehicle charging points in the EU. Clever A/S, as a major Danish charging operator, falls directly within its scope.

Evidence: https://www.lobbyfacts.eu/datacard/clever-a-s?rid=195744929930-90&sid=110681, https://www.highperformr.ai/company/cleverdk, https://apps.apple.com/de/app/clever-a-s/id1359124777?l=en-GB, https://eujobs.co/lobbying-entities/clever-as, https://www.volvotrucks.com/en-en/news-stories/insights/articles/2024/dec/what-you-need-to-know-about-the-eu-s-afir-regulation.html, https://observatory.clean-hydrogen.europa.eu/eu-policy/alternative-fuels-infrastructure-regulation

Financials

Three-year financials

Financial Resilience Score: 5/10

Clever A/S presents a mixed resilience profile. On a standalone basis, the company is financially fragile: it recorded a net loss of DKK -198M in FY2025 on top of DKK -151M in 2024 and DKK -74.8M in 2023, with cumulative losses exceeding DKK 800M over four years. Equity swung from a positive DKK 391M in 2023 to negative DKK -27.9M at year-end 2025, meaning the company is technically balance-sheet insolvent with a solvency ratio of -1%. Operating losses widened despite revenue nearly tripling from DKK 911M to DKK 2,560M over two years, indicating that infrastructure capex and customer-acquisition costs are outpacing gross-margin gains. However, resilience is materially reinforced by strong parent backing. Clever is 94.9% owned by Andel Holding A/S, Denmark's largest consumer-owned energy and fibre-network cooperative, which has underwritten DKK 3.1B of charging infrastructure investment alongside Clever over the past decade. The upcoming merger of Andel Energi, Clever and Watts into Denmark's largest energy company should unlock synergies and further insulate Clever from standalone funding risk. Liquidity remains adequate (liquidity ratio 192%), and market leadership in Denmark provides a defensible position. Overall, the entity is dependent on continued parent support but that support appears strategically committed.

Key strengths: 94.9% ownership by Andel Holding, Denmark's largest consumer-owned utility cooperative, Market leadership as Denmark's largest EV charging operator, Revenue nearly tripled over two years (DKK 911M to DKK 2,560M), DKK 3.1B cumulative infrastructure investment with parent over 10 years, Liquidity ratio of 192% indicates adequate short-term liquidity, PwC-audited with standard governance, Strategic merger with Andel Energi and Watts to create Denmark's largest energy company

Risk factors: Negative equity of DKK -27.9M at year-end 2025 (technically balance-sheet insolvent), Persistent operating losses: EBIT of DKK -181M in 2025 widened from DKK -132M in 2024, Cumulative net losses exceeding DKK 800M over four years, Solvency ratio of -1%, Dependence on continued parent funding, Consolidation and competitive pressure in Nordic CPO market, Retreat from Scandinavian expansion (Sweden/Norway JV divested), Growth investments outpacing gross-margin gains

Revenue by geography

Workforce by country

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