Gomelkabel
CJSC Gomelkabel
UNP: 400052314 · 151 Sovetskaya St., Gomel 246007
Identification
Financial statements
k BYN
| Line item | Reporting year | Prior year |
|---|---|---|
| Fixed assets | 21 857 | 20 698 |
| Intangible assets | 2 | 2 |
| Investments in long-term assets | 128 | 269 |
| Long-term financial investments | 3 | 3 |
| Total Section I (long-term assets) | 21 990 | 20 972 |
| Inventories | 20 464 | 23 676 |
| — materials | 13 083 | 12 730 |
| — work in progress | 216 | 452 |
| — finished goods and merchandise | 7 165 | 10 494 |
| Deferred expenses | 32 | 20 |
| VAT on acquired goods, works, services | — | 1 |
| Short-term receivables | 15 915 | 14 346 |
| Cash and cash equivalents | 506 | 1 418 |
| Total Section II (short-term assets) | 36 917 | 39 461 |
| BALANCE (assets) | 58 907 | 60 433 |
| Charter capital | 6 453 | 6 453 |
| Reserve capital | 1 610 | 1 586 |
| Additional capital | 14 033 | 12 213 |
| Retained earnings (uncovered loss) | 20 924 | 20 470 |
| Total Section III (equity) | 43 004 | 40 722 |
| Long-term loans and borrowings | — | — |
| Total Section IV (long-term liabilities) | — | — |
| Short-term loans and borrowings | — | — |
| Total Section V (short-term liabilities) | — | — |
| BALANCE (equity and liabilities) | — | — |
Computed metrics
Integrity checks
Checks passed: 5 of 6
Failed checks indicate gaps or inconsistencies in the source filing itself (typically in form F4, the cash-flow statement), not data-entry errors. The balance sheet (assets = liabilities) reconciles for every enterprise.
Signals
- Revenue fell 16.8% (from 111.5m to 92.7m BYN) — a substantial contraction of sales.
- Net profit collapsed 89% (from 4.3m to 0.5m BYN) — a sharp drop in profitability.
- Sales profitability fell from 5.8% to 1.7%, and on the bottom line from 3.9% to 0.5%.
- The cash balance shrank from 1.4m to 0.5m BYN amid a contracting turnover.
- The issuer presents the balance sheet only for the assets side — the liabilities section (equity and liabilities) is absent from the public statements, limiting assessment of the financing structure.
- The enterprise retained profitability (net profit +0.5m BYN) despite the downturn.
- Operating cash flow recovered into positive territory (+1.6m versus −1.4m a year earlier).
- Available data point to stable solvency: equity covers long-term assets, and the working-capital ratio is above the norm.
Recommendation
CJSC Gomelkabel is a manufacturer of insulated wires and cables that retained profitability in 2025 but went through a sharp contraction: revenue fell 16.8% (to 92.7m BYN) and net profit dropped 89% (to 0.5m BYN). Sales profitability fell from 5.8% to 1.7%. At the same time, operating cash flow returned to positive territory (+1.6m BYN versus −1.4m a year earlier), and the available data point to retained solvency — equity covers long-term assets and the working-capital ratio remains above the norm.
An important data caveat: the issuer published the balance sheet only for the assets side. The liabilities section (equity and liabilities, lines 410–700) is absent from the public statements on the portal — this is a disclosure feature of this issuer rather than a gap in collection. The equity figure was reconstructed from the statement of changes in equity (43.0m BYN), but the split of liabilities into long-term and short-term is unavailable, so the current liquidity ratio and the dynamics of credit debt are not calculated. By indirect estimate (total liabilities do not exceed 15.9m BYN) the enterprise's liquidity comfortably exceeds the norm. The restructuring recommendation is preliminary.