ARM.RO · BVB
Armătura: financial statements
Financially weak · see the checkFigures in RON, fiscal years
Revenue and net income
Operating and free cash flow
Margins
Returns
Income statement
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Revenue | 5.7M RON | 2.8M RON | 2.1M RON | 1.8M RON | 1.7M RON | 940K RON | -46% |
| Operating income | -1.2M RON | 17.3M RON | -854K RON | -922K RON | -241K RON | -916K RON | -281% |
| EBITDA | -597K RON | 17.8M RON | -78.9K RON | 21.5K RON | 285K RON | -691K RON | -343% |
| Interest expense | 1.2M RON | 969K RON | 62.9K RON | 14.4K RON | 6.8K RON | 862 RON | -87% |
| Profit before tax | -2.3M RON | 16.5M RON | -862K RON | -515K RON | 17.8K RON | -789K RON | -4543% |
| Income tax | 89.0K RON | 283K RON | 23.8K RON | -8.5K RON | 4.9K RON | 27.3K RON | +452% |
| Net income | -2.4M RON | 16.2M RON | -886K RON | -506K RON | 12.8K RON | -817K RON | -6469% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 555K RON | -472K RON | 7.2M RON | -300K RON | -686K RON | 144K RON | +121% |
| Capital expenditure | — | — | 0 RON | 0 RON | — | — | |
| Free cash flow | 555K RON | -472K RON | 7.2M RON | -300K RON | -686K RON | 144K RON | +121% |
| Depreciation & amortization | 574K RON | 475K RON | 775K RON | 944K RON | 525K RON | 225K RON | -57% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 1.0M RON | 658K RON | 7.9M RON | 7.4M RON | 6.5M RON | 6.3M RON | -3% |
| Inventory | 489K RON | 1.5K RON | 0 RON | 0 RON | 1.4K RON | 400 RON | -72% |
| Current assets | 1.8M RON | 12.5M RON | 8.4M RON | 7.9M RON | 7.0M RON | 6.6M RON | -6% |
| Total assets | 30.9M RON | 14.1M RON | 9.0M RON | 8.9M RON | 7.3M RON | 6.7M RON | -8% |
| Current liabilities | 35.4M RON | 4.8M RON | 580K RON | 997K RON | 367K RON | 25.9K RON | -93% |
| Financial debt | 26.2M RON | 0 RON | 0 RON | 0 RON | 0 RON | 0 RON | |
| Total liabilities | 38.1M RON | 5.2M RON | 975K RON | 1.4M RON | 367K RON | 25.9K RON | -93% |
| Shareholders' equity | -7.3M RON | 8.9M RON | 8.0M RON | 7.5M RON | 6.9M RON | 6.7M RON | -3% |
| Net debt | 25.2M RON | -658K RON | -7.9M RON | -7.4M RON | -6.5M RON | -6.3M RON | +3% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | -20.5% | 624.8% | -40.7% | -50.6% | -13.9% | -97.5% | |
| Net margin | -42.3% | 585.0% | -42.3% | -27.8% | 0.7% | -86.9% | |
| Return on equity | — | 181.2% | -11.0% | -6.7% | 0.2% | -12.2% | |
| Return on assets | -7.8% | 115.0% | -9.8% | -5.7% | 0.2% | -12.1% | |
| Return on invested capital | -5.2% | 129.8% | -15.9% | -605.5% | -61.9% | -166.5% | |
| Debt / equity | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net debt / EBITDA | — | -0.0x | — | -346.2x | -22.8x | — | |
| Interest coverage | -1.0x | 17.8x | -13.6x | -64.1x | -35.2x | -1063.2x | |
| Current ratio | 0.05 | 2.62 | 14.46 | 7.97 | 19.21 | 254.12 | |
| Quick ratio | 0.04 | 2.62 | 14.46 | 7.97 | 19.20 | 254.11 |
Data source: Bucharest Stock Exchange (ESEF), company annual reports. Lines a company does not report are left empty. Free cash flow is operating cash flow minus capital expenditure. Ratios use the same formulas as the EdgeScore check.
For information and education only. Not investment advice. Data may contain errors.