ARGON 18 Europe ApS: Financial statements 2024
CVR: 38677470
Source: annual report 2024, Danish Business Authority
01/01/2024 – 31/12/2024
ARGON 18 Europe ApS (CVR 38677470) has filed annual accounts for 2024. In 2024, the company reported revenue of DKK 39,667,000 and a net result of DKK -19,168,000 compared with DKK -15,894,000 the year before. That is an increase of 40.2% compared with the year before. The profit margin was -48.3%. Equity in the 2024 report amounted to DKK -54,255,000. The company had 13 employees in the financial year.
- Revenue
- DKK 39,667,000
- Gross Profit
- DKK -9,974,000
- Profit/Loss
- DKK -19,168,000
- Equity
- DKK -54,255,000
- Total Assets
- DKK 38,302,000
- Employees
- 13
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2024 | 39.7M | -10M | -19.2M | -54.3M | 13 |
| 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 |
Official annual report
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As of November 11, 2024, Francois Bastien has joined the board of directors of ARGON 18 Europe ApS.
As of November 11, 2024, Martin LeSauteur has left the board of directors of ARGON 18 Europe ApS.
ARGON 18 Europe ApS has published its annual report for 2023. Revenue came to DKK 28,284,000, and the net result was DKK -15,894,000.
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.