ARGON 18 Europe ApS: Financial statements 2020
CVR: 38677470
Source: annual report 2020, Danish Business Authority
01/01/2020 – 31/12/2020
ARGON 18 Europe ApS (CVR 38677470) has filed annual accounts for 2020. In 2020, the company reported revenue of DKK 12,203,000 and a net result of DKK -10,563,000 compared with DKK -10,796,000 the year before. That is a decrease of 0.9% compared with the year before. The profit margin was -86.6%. Equity in the 2020 report amounted to DKK 6,347,000. The solvency ratio was 47%. The company had 9 employees in the financial year.
- Revenue
- DKK 12,203,000
- Gross Profit
- DKK -5,056,000
- Profit/Loss
- DKK -10,563,000
- Equity
- DKK 6,347,000
- Total Assets
- DKK 13,506,000
- Employees
- 9
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | 12.2M | -5.1M | -10.6M | 6.3M | 9 |
| 2019 | 12.3M | -5.6M | -10.8M | -17M | 9 |
| 2018 | 6.8M | -6.1M | -10.8M | -6.2M | 8 |
Official annual report
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As of December 29, 2020, is registered as an owner of ARGON 18 Europe ApS with an ownership share of 100%.
As of August 4, 2020, Jan Sørensen is registered as director of ARGON 18 Europe ApS.
As of August 4, 2020, Peter Wainø has stepped down as director of ARGON 18 Europe ApS.
ARGON 18 Europe ApS has published its annual report for 2019. Revenue came to DKK 12,313,000, and the net result was DKK -10,796,000.
As of June 1, 2020, Peter Wainø is registered as director of ARGON 18 Europe ApS.
As of June 1, 2020, Jan Sørensen has stepped down as director of ARGON 18 Europe ApS.
As of January 20, 2020, Jan Sørensen is registered as director of ARGON 18 Europe ApS.
As of January 20, 2020, Nils Macheel has stepped down as director of ARGON 18 Europe ApS.
About ARGON 18 Europe ApS
ARGON 18 Europe ApS is a Danish company of the type Anpartsselskab based in Lynge, founded in 2017. The company is registered under the industry Engroshandel med cykler, sportsartikler og lystbåde. The company was previously named United Cycling ApS. The management consists of Mark John Hewitt. The board consists of Henrik Lyngbye Pedersen (chair) and Francois Bastien. The company is owned by CYCLES ARGON-18 Inc.. The company has 21 employees (2026). In 2025, the company reported revenue of DKK 44,411,000 and a net result of DKK -8,431,000 compared with DKK -19,168,000 the year before. Equity in the 2025 report amounted to DKK -62,686,000.