ARGON 18 Europe ApS: Financial statements 2021
CVR: 38677470
Source: annual report 2021, Danish Business Authority
01/01/2021 – 31/12/2021
ARGON 18 Europe ApS (CVR 38677470) has filed annual accounts for 2021. In 2021, the company reported revenue of DKK 18,012,000 and a net result of DKK -7,299,000 compared with DKK -10,563,000 the year before. That is an increase of 47.6% compared with the year before. The profit margin was -40.5%. Equity in the 2021 report amounted to DKK -953,000. The company had 9 employees in the financial year.
- Revenue
- DKK 18,012,000
- Gross Profit
- DKK -4,015,000
- Profit/Loss
- DKK -7,299,000
- Equity
- DKK -953,000
- Total Assets
- DKK 9,480,000
- Employees
- 9
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2021 | 18M | -4M | -7.3M | -953K | 9 |
| 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 August 23, 2021, René Étienne Racine has left the board of directors of ARGON 18 Europe ApS.
ARGON 18 Europe ApS has published its annual report for 2020. Revenue came to DKK 12,203,000, and the net result was DKK -10,563,000.
As of January 13, 2021, Martin LeSauteur has joined the board of directors of ARGON 18 Europe ApS.
As of January 13, 2021, René Étienne Racine has joined the board of directors of ARGON 18 Europe ApS.
On January 13, 2021, the company changed its name from United Cycling ApS to 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.