---
title: "RefuelBio ApS – CVR 44960907, financials and ownership"
description: "RefuelBio ApS (CVR 44960907). Active · Forskning og eksperimentel udvikling inden for naturvidenskab og teknik · Frederiksberg. 4 employees (CVR). Gross profit -13.5M DKK (2025)."
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route_type: "company_overview"
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---

# RefuelBio ApS

RefuelBio ApS \(CVR 44960907\). Active · Forskning og eksperimentel udvikling inden for naturvidenskab og teknik · Frederiksberg. 4 employees \(CVR\). Gross profit -13.5M DKK \(2025\).

CVR number: 44960907

## Company details

- **CVR number:** 44960907

- **Status:** Aktiv

- **Address:** Nordre Fasanvej 215, 2000, Frederiksberg

- **Legal form:** Anpartsselskab \(ApS\)

- **Founded:** Jul 1, 2024

- **Employees \(CVR\):** 4

- **Production units:** 1

## Description

RefuelBio ApS’ primary activity consists of early-stage research and development of a novel medical drug candidate aimed at preventing muscle loss. The Company focuses on conditions where weight loss is accompanied by muscle loss, including obesity, type 2 diabetes, and other related medical indications. At present, the Company does not generate significant commercial revenue, as its activities are primarily related to research and development.

## Activities and industry

- Forskning og eksperimentel udvikling inden for naturvidenskab og teknik

- 721000 — Forskning og eksperimentel udvikling inden for naturvidenskab og teknik

## Latest financial period

- **Reporting period:** 2025

- **Currency:** DKK

- **Gross profit:** -13,452,308

- **Operating profit:** -14,170,662

- **Profit after tax:** -10,526,976

- **Assets:** 23,133,856

- **Equity:** 20,574,053

## People

| Person | Roles | Titles |
| --- | --- | --- |
| [Emmanuelle Coutanceau](https://datapublica.dk/en/people/pid_entity_4006269489-emmanuelle-coutanceau) | Board | BESTYRELSESMEDLEM |
| [Gabor Gyulveszi](https://datapublica.dk/en/people/pid_entity_4010454822-gabor-gyulveszi) | Board | BESTYRELSESMEDLEM |
| [Thomas Gundelund Rasmussen](https://datapublica.dk/en/people/pid_entity_4008384667-thomas-gundelund-rasmussen) | Management | ADM. DIR. |

## Auditor

| Audit firm | Auditor | Role | From |
| --- | --- | --- | --- |
| EY Godkendt Revisionspartnerselskab | Anders Roe Eriksen | State Authorised Public Accountant | Jun 18, 2026 |
| EY Godkendt Revisionspartnerselskab | Rasmus Bloch Jespersen | State Authorised Public Accountant | Jun 18, 2026 |

## Legal owners

### Current

| Owner | Ownership | Voting rights | From |
| --- | --- | --- | --- |
| OwnerNovo Holdings A/S | Ownership66.67–89.99 % | Voting rights66.67 % | FromJun 23, 2025 |
| OwnerAge1 Fund I, LP | Ownership25–33.32 % | Voting rights25 % | FromApr 24, 2026 |

### Previous

| Owner | Ownership | Voting rights | From | To |
| --- | --- | --- | --- | --- |
| OwnerMarcia Haigis | Ownership10–14.99 % | Voting rights10 % | FromJun 23, 2025 | ToApr 24, 2026 |
| OwnerAge1 Fund I, LP | Ownership15–19.99 % | Voting rights15 % | FromAug 12, 2025 | ToApr 23, 2026 |
| OwnerNovo Holdings A/S | Ownership66.67–89.99 % | Voting rights66.67 % | FromNov 28, 2024 | ToJun 22, 2025 |
| OwnerMarcia Haigis | Ownership20–24.99 % | Voting rights20 % | FromNov 28, 2024 | ToJun 22, 2025 |
| OwnerNovo Holdings A/S | Ownership50–66.66 % | Voting rights50 % | FromJul 16, 2024 | ToNov 27, 2024 |
| OwnerMarcia Haigis | Ownership33.33–49.99 % | Voting rights33.33 % | FromJul 1, 2024 | ToNov 27, 2024 |

## Ultimate owners
[View ownership diagram](https://datapublica.dk/en/companies/44960907-refuelbio-aps/portfolio)
| Name | Ownership through | Calculated ownership |
| --- | --- | --- |
| NOVO NORDISK FONDEN | Novo Holdings A/S | 66.67–89.99 % |
| Age1 Fund I, LP | Direct | 25–33.32 % |

## Company pages

- [Overview](https://datapublica.dk/en/companies/44960907-refuelbio-aps)

- [Financial report](https://datapublica.dk/en/companies/44960907-refuelbio-aps/financials)

- [Risk](https://datapublica.dk/en/companies/44960907-refuelbio-aps/risk)

- [Timeline](https://datapublica.dk/en/companies/44960907-refuelbio-aps/timeline)

- [Ownership and relations](https://datapublica.dk/en/companies/44960907-refuelbio-aps/portfolio)

- [Production units](https://datapublica.dk/en/companies/44960907-refuelbio-aps/production-units)

- [Gazelle](https://datapublica.dk/en/companies/44960907-refuelbio-aps/gazelle)

- [Investments](https://datapublica.dk/en/companies/44960907-refuelbio-aps/investments)

## Official sources

- [Official CVR record on Virk](https://datacvr.virk.dk/enhed/virksomhed/44960907)