CMF.RO · BVB
Comelf: 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 | 116M RON | 133M RON | 173M RON | 191M RON | 166M RON | 158M RON | -5% |
| Operating income | 3.0M RON | 4.7M RON | 6.2M RON | 13.3M RON | 12.7M RON | 8.1M RON | -37% |
| EBITDA | 10.5M RON | 12.2M RON | 13.8M RON | 20.9M RON | 20.9M RON | 15.6M RON | -25% |
| Interest expense | — | — | 3.8M RON | 4.3M RON | 3.2M RON | 3.8M RON | +20% |
| Profit before tax | 3.0M RON | 4.7M RON | 4.6M RON | 10.6M RON | 9.8M RON | 5.5M RON | -44% |
| Income tax | 256K RON | 397K RON | — | — | 779K RON | 678K RON | -13% |
| Net income | 2.7M RON | 4.3M RON | 4.1M RON | 9.3M RON | 9.0M RON | 4.8M RON | -47% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 10.8M RON | 2.1M RON | — | — | 36.1M RON | 1.7M RON | -95% |
| Free cash flow | 10.8M RON | 2.1M RON | — | — | 36.1M RON | 1.7M RON | -95% |
| Depreciation & amortization | 7.5M RON | 7.5M RON | 7.7M RON | 7.6M RON | 8.2M RON | 7.6M RON | -8% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 10.8M RON | 7.6M RON | 14.3M RON | 7.6M RON | 20.7M RON | 9.2M RON | -56% |
| Inventory | 7.3M RON | 11.7M RON | — | — | 20.6M RON | 24.8M RON | +21% |
| Current assets | 61.5M RON | 79.4M RON | 91.4M RON | 91.9M RON | 81.6M RON | 86.1M RON | +5% |
| Total assets | 142M RON | 156M RON | 168M RON | 167M RON | 158M RON | 162M RON | +3% |
| Current liabilities | 54.7M RON | 66.8M RON | 73.6M RON | 74.3M RON | 66.6M RON | 75.4M RON | +13% |
| Financial debt | 33.3M RON | 34.7M RON | 41.1M RON | 37.1M RON | 33.8M RON | 34.7M RON | +3% |
| Total liabilities | 69.5M RON | 80.9M RON | 89.7M RON | 85.5M RON | 76.7M RON | 85.4M RON | +11% |
| Shareholders' equity | 72.9M RON | 75.4M RON | 78.2M RON | 81.8M RON | 81.1M RON | 76.5M RON | -6% |
| Net debt | 22.4M RON | 27.1M RON | 26.7M RON | 29.5M RON | 13.1M RON | 25.5M RON | +95% |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | 2.6% | 3.5% | 3.6% | 6.9% | 7.6% | 5.1% | |
| Net margin | 2.3% | 3.2% | 2.4% | 4.9% | 5.4% | 3.0% | |
| Return on equity | 3.7% | 5.7% | 5.3% | 11.4% | 11.1% | 6.3% | |
| Return on assets | 1.9% | 2.7% | 2.5% | 5.6% | 5.7% | 3.0% | |
| Return on invested capital | 2.8% | 4.3% | 4.7% | 9.7% | 11.4% | 7.2% | |
| Debt / equity | 0.46 | 0.46 | 0.52 | 0.45 | 0.42 | 0.45 | |
| Net debt / EBITDA | 2.1x | 2.2x | 1.9x | 1.4x | 0.6x | 1.6x | |
| Interest coverage | — | — | 1.6x | 3.1x | 4.0x | 2.1x | |
| Current ratio | 1.12 | 1.19 | 1.24 | 1.24 | 1.23 | 1.14 | |
| Quick ratio | 0.99 | 1.01 | 1.24 | 1.24 | 0.92 | 0.81 |
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.