ARTE.RO · BVB
Artego: 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 | 132M RON | 173M RON | 200M RON | 163M RON | 145M RON | 131M RON | -9% |
| Operating income | 13.2M RON | 14.5M RON | 15.8M RON | 10.5M RON | 2.0M RON | -316K RON | -116% |
| EBITDA | 17.6M RON | 18.8M RON | 19.8M RON | 14.2M RON | 5.5M RON | 3.3M RON | -40% |
| Interest expense | 1.5M RON | 985K RON | 2.7M RON | 1.7M RON | 568K RON | 441K RON | -22% |
| Profit before tax | 12.0M RON | 13.9M RON | 14.1M RON | 9.7M RON | 1.5M RON | 135K RON | -91% |
| Income tax | 1.5M RON | 1.9M RON | 1.8M RON | 929K RON | 147K RON | 58.8K RON | -60% |
| Net income | 10.5M RON | 12.1M RON | 12.3M RON | 8.7M RON | 1.3M RON | 76.3K RON | -94% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.2M RON | -424K RON | 2.1M RON | 8.7M RON | 10.8M RON | -4.5K RON | -100% |
| Capital expenditure | 1.2M RON | 943K RON | 3.0M RON | 1.3M RON | 5.2M RON | 213K RON | -96% |
| Free cash flow | 59.6K RON | -1.4M RON | -897K RON | 7.4M RON | 5.6M RON | -217K RON | -104% |
| Depreciation & amortization | 4.3M RON | 4.2M RON | 4.1M RON | 3.7M RON | 3.6M RON | 3.6M RON | +2% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 1.8M RON | 1.1M RON | 821K RON | 780K RON | 7.3M RON | 7.5M RON | +2% |
| Inventory | 47.6M RON | 56.5M RON | 56.6M RON | 56.3M RON | 51.9M RON | 43.0M RON | -17% |
| Current assets | 83.4M RON | 98.6M RON | 98.7M RON | 97.3M RON | 78.5M RON | 69.8M RON | -11% |
| Total assets | 125M RON | 137M RON | 137M RON | 132M RON | 114M RON | 103M RON | -10% |
| Current liabilities | 38.8M RON | 49.7M RON | 43.4M RON | 30.6M RON | 19.7M RON | 14.2M RON | -28% |
| Financial debt | 23.2M RON | 25.9M RON | 23.9M RON | 11.2M RON | — | — | |
| Total liabilities | 38.8M RON | 49.8M RON | 43.4M RON | 32.8M RON | 21.8M RON | 16.1M RON | -26% |
| Shareholders' equity | 86.2M RON | 87.5M RON | 93.5M RON | 99.0M RON | 92.4M RON | 86.6M RON | -6% |
| Net debt | 21.4M RON | 24.8M RON | 23.1M RON | 10.4M RON | -7.3M RON | -7.5M RON | -2% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | 10.0% | 8.4% | 7.9% | 6.5% | 1.3% | -0.2% | |
| Net margin | 8.0% | 7.0% | 6.2% | 5.4% | 0.9% | 0.1% | |
| Return on equity | 12.2% | 13.8% | 13.2% | 8.8% | 1.4% | 0.1% | |
| Return on assets | 8.4% | 8.8% | 9.0% | 6.6% | 1.2% | 0.1% | |
| Return on invested capital | 10.8% | 11.4% | 12.0% | 8.4% | 1.8% | -0.2% | |
| Debt / equity | 0.27 | 0.30 | 0.26 | 0.11 | — | — | |
| Net debt / EBITDA | 1.2x | 1.3x | 1.2x | 0.7x | -1.3x | -2.3x | |
| Interest coverage | 8.6x | 14.7x | 5.8x | 6.1x | 3.4x | -0.7x | |
| Current ratio | 2.15 | 1.98 | 2.28 | 3.17 | 3.98 | 4.93 | |
| Quick ratio | 0.92 | 0.85 | 0.97 | 1.34 | 1.35 | 1.89 |
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.