ARGON 18 Europe ApS: Financial statements 2023
CVR: 38677470
Source: annual report 2023, Danish Business Authority
01/01/2023 – 31/12/2023
ARGON 18 Europe ApS (CVR 38677470) has filed annual accounts for 2023. In 2023, the company reported revenue of DKK 28,284,000 and a net result of DKK -15,894,000 compared with DKK -18,241,000 the year before. That is an increase of 113.8% compared with the year before. The profit margin was -56.2%. Equity in the 2023 report amounted to DKK -35,087,000. The company had 14 employees in the financial year.
- Revenue
- DKK 28,284,000
- Gross Profit
- DKK -8,835,000
- Profit/Loss
- DKK -15,894,000
- Equity
- DKK -35,087,000
- Total Assets
- DKK 43,676,000
- Employees
- 14
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2023 | 28.3M | -8.8M | -15.9M | -35.1M | 14 |
| 2022 | 13.2M | -14.5M | -18.2M | -19.2M | 9 |
| 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 |
Official annual report
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ARGON 18 Europe ApS has published its annual report for 2022. Revenue came to DKK 13,228,000, and the net result was DKK -18,241,000.
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.