VNC.RO · BVB
Vrancart: 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 | 350M RON | 454M RON | 607M RON | 500M RON | 487M RON | 416M RON | -15% |
| Operating income | 24.7M RON | 12.4M RON | 37.7M RON | 18.8M RON | -5.4M RON | -30.4M RON | -463% |
| EBITDA | 59.5M RON | 47.6M RON | 72.7M RON | 61.8M RON | 43.1M RON | 34.0M RON | -21% |
| Interest expense | 6.1M RON | 5.2M RON | 12.6M RON | 13.8M RON | 10.8M RON | 18.4M RON | +71% |
| Profit before tax | 18.6M RON | 7.8M RON | 25.7M RON | 6.6M RON | -16.2M RON | -48.8M RON | -202% |
| Income tax | 2.0M RON | 1.4M RON | 2.7M RON | 1.2M RON | 2.1M RON | -166K RON | -108% |
| Net income | 16.6M RON | 6.3M RON | 22.9M RON | 5.4M RON | -18.3M RON | -48.7M RON | -166% |
Cash flow
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 66.0M RON | 28.8M RON | 47.1M RON | 74.7M RON | 55.5M RON | 8.8M RON | -84% |
| Capital expenditure | — | — | 87.9M RON | 144M RON | 134M RON | 12.4M RON | -91% |
| Free cash flow | 66.0M RON | 28.8M RON | -40.8M RON | -69.7M RON | -78.5M RON | -3.7M RON | +95% |
| Depreciation & amortization | 34.8M RON | 35.1M RON | 35.0M RON | 43.0M RON | 48.5M RON | 64.4M RON | +33% |
Balance sheet
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Cash | 5.6M RON | 2.4M RON | 3.6M RON | 2.8M RON | 1.8M RON | 2.1M RON | +16% |
| Inventory | 53.0M RON | 72.2M RON | 81.4M RON | 76.6M RON | 85.4M RON | 86.9M RON | +2% |
| Current assets | 132M RON | 182M RON | 212M RON | 186M RON | 207M RON | 182M RON | -12% |
| Total assets | 464M RON | 534M RON | 689M RON | 775M RON | 867M RON | 731M RON | -16% |
| Current liabilities | 125M RON | 164M RON | 166M RON | 227M RON | 223M RON | 216M RON | -3% |
| Total liabilities | 236M RON | 294M RON | 374M RON | 417M RON | 495M RON | 458M RON | -7% |
| Shareholders' equity | 228M RON | 241M RON | 315M RON | 358M RON | 371M RON | 273M RON | -27% |
| Net debt | -5.6M RON | -2.4M RON | -3.6M RON | -2.8M RON | -1.8M RON | -2.1M RON | -16% |
Dividend profile
The latest annual report shows no dividend to shareholders.
Dividends
| RON | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year |
|---|---|---|---|---|---|---|---|
| Dividends paid | 11.7M RON | 9.8M RON | 5.1M RON | 11.8M RON | 0 RON | — | |
| Dividend per share | — | — | — | — | 0.00 | — | |
| Dividends / net income | 70.2% | 155.0% | 22.0% | 217.8% | — | — | |
| Dividends / free cash flow | 17.7% | 34.2% | — | — | — | — |
Ratios
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Last year | |
|---|---|---|---|---|---|---|---|
| Operating margin | 7.1% | 2.7% | 6.2% | 3.8% | -1.1% | -7.3% | |
| Net margin | 4.8% | 1.4% | 3.8% | 1.1% | -3.8% | -11.7% | |
| Return on equity | 7.3% | 2.6% | 7.3% | 1.5% | -4.9% | -17.8% | |
| Return on assets | 3.6% | 1.2% | 3.3% | 0.7% | -2.1% | -6.7% | |
| Return on invested capital | 9.9% | 4.4% | 12.2% | 4.7% | -1.2% | -9.5% | |
| Net debt / EBITDA | -0.1x | -0.0x | -0.0x | -0.0x | -0.0x | -0.1x | |
| Interest coverage | 4.1x | 2.4x | 3.0x | 1.4x | -0.5x | -1.7x | |
| Current ratio | 1.06 | 1.11 | 1.28 | 0.82 | 0.93 | 0.84 | |
| Quick ratio | 0.64 | 0.67 | 0.79 | 0.48 | 0.54 | 0.44 |
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.