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 contracted 16.8%: F2.010 111,478 → BYN 92,732k. The fall is confirmed in cash — receipts from customers F4.021 117,393 → 97,927 (−16.6%).F2.010 · F4.021
- Net profit collapsed nearly ninefold: F2.210 4,337 → BYN 478k. Profit on sales F2.060 6,504 → 1,562, pre-tax profit F2.150 4,748 → 485.F2.210 · F2.060 · F2.150
- Profitability fell on both bases: sales F2.060/F2.010 5.83% → 1.68%, bottom line F2.210/F2.010 3.89% → 0.52%. Gross profit F2.030 13,999 → 8,623 with administrative expenses F2.040 −6,818 → −6,822 almost unchanged — the squeeze came from above, from volume and price.F2.060 · F2.010 · F2.210 · F2.030 · F2.040
- The cash position is draining while settlements grow: F1.270 1,418 → BYN 506k (closing balance F4.130 506), whereas receivables F1.250 rose 14,346 → 15,915 despite the 16.8% fall in revenue.F1.270 · F4.130 · F1.250
- The liabilities section is absent from the published statements — the total of short-term liabilities and the equity-and-liabilities total were not disclosed by the issuer, so the financing structure and the current ratio cannot be computed for this card. Meanwhile F4 shows large borrowing operations: F4.081 BYN 82,972k drawn against F4.091 84,381 repaid, interest paid F4.093 796 → 947. Debt financing is material, but its balance at the reporting date is not visible from public data.F4.081 · F4.091 · F4.093
- The enterprise stayed profitable despite the downturn: net profit F2.210 BYN 478k, retained earnings F1.460 20,470 → 20,924, equity F1.490 40,722 → 43,004.F2.210 · F1.460 · F1.490
- Operating cash flow returned to positive: F4.040 −1,355 → +BYN 1,553k. The recovery came from cutting purchases rather than from growth: payments for inventories F4.031 106,174 → 84,072 (−20.8%) while finished goods were sold down F1.214 10,494 → 7,165 and inventories overall fell F1.210 23,676 → 20,464.F4.040 · F4.031 · F1.214 · F1.210
- Earned capital is large and exceeds revaluation: F1.410 6,453 + F1.460 20,924 = BYN 27,377k against additional capital F1.450 14,033; equity F1.490 43,004 covers long-term assets F1.190 21,990 twice over, and own working capital cover (F1.490 − F1.190) / F1.290 = 0.57.F1.410 · F1.460 · F1.450 · F1.490 · F1.190 · F1.290
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).
Recommendation: Restructuring — preliminary.
Why restructuring. 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 stands at 0.57.
Confidence: LOW. 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 one. For the same reason no composite health score is computed for this card. 5 of the 6 cross-form consistency checks pass.