T-Bull S.A Net Assets
T-Bull S.A net assets. Based on the latest financial reports, T-Bull S.A (TBL) has net assets worth zł-1.61 Million PLN (≈ $-442.15K USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł1.70 Million ≈ $467.43K USD) and total liabilities (zł3.30 Million ≈ $909.58K USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TBL net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | zł-1.61 Million |
| % of Total Assets | -94.59% |
| Annual Growth Rate | N/A |
| 5-Year Change | -106.94% |
| 10-Year Change | -117.54% |
| Growth Volatility | 78.08 |
Net Assets of T-Bull S.A (2015–2025)
Net assets of T-Bull S.A from 2015 to 2025. This chart illustrates how T-Bull S.A's net assets have evolved over time, based on quarterly financial data. See TBL net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for T-Bull S.A (2015–2025)
The table below shows the annual net assets of T-Bull S.A from 2015 to 2025. For live market cap and overall valuation, see market cap of T-Bull S.A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | zł-1.35 Million ≈ $-370.78K |
-143.17% |
| 2024-12-31 | zł3.12 Million ≈ $858.88K |
-49.76% |
| 2023-12-31 | zł6.21 Million ≈ $1.71 Million |
-42.29% |
| 2022-12-31 | zł10.76 Million ≈ $2.96 Million |
-44.60% |
| 2021-12-31 | zł19.43 Million ≈ $5.35 Million |
+12.29% |
| 2020-12-31 | zł17.30 Million ≈ $4.76 Million |
+3.90% |
| 2019-12-31 | zł16.65 Million ≈ $4.58 Million |
+13.81% |
| 2018-12-31 | zł14.63 Million ≈ $4.03 Million |
+12.91% |
| 2017-12-31 | zł12.96 Million ≈ $3.57 Million |
+68.69% |
| 2016-12-31 | zł7.68 Million ≈ $2.11 Million |
+170.20% |
| 2015-12-31 | zł2.84 Million ≈ $782.34K |
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Equity Component Analysis
This analysis shows how different components contribute to T-Bull S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 204.9% over the analyzed period, potentially due to dividend distributions or operating losses.
T-Bull S.A Net Assets Breakdown (December 2025)
T-Bull S.A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | zł118.83K | % |
| Other Components | zł1.06K | % |
| Total Equity | zł-1.35 Million | 100.00% |
T-Bull S.A Competitors by Market Cap
The table below lists competitors of T-Bull S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Queste Communications Ltd
AU:QUE
|
$498.04K |
|
Venus Concept Inc
NASDAQ:VERO
|
$498.99K |
|
Zinnwald Lithium PLC
LSE:ZNWD
|
$499.43K |
|
Black Spruce Exploration Inc.
V:BARK
|
$499.68K |
|
Crystal Amber Fund Limited
LSE:CRS
|
$495.57K |
|
S2Medical AB
ST:S2M
|
$495.32K |
|
Manz AG
F:M5Z
|
$493.77K |
|
Oxford Metrics plc
LSE:OMG
|
$493.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T-Bull S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,120,766 to -1,347,234, a change of -4,468,000 (-143.2%).
- Net loss of 4,455,293 reduced equity.
- Other comprehensive income decreased equity by 13,771.
- Other factors increased equity by 1,064.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | zł-4.46 Million | -330.7% |
| Other Comprehensive Income | zł-13.77K | -1.02% |
| Other Changes | zł1.06K | +0.08% |
| Total Change | zł- | -143.17% |
Book Value vs Market Value Analysis
This analysis compares T-Bull S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | zł2.58 | zł1.52 | x |
| 2016-12-31 | zł7.16 | zł1.52 | x |
| 2017-12-31 | zł11.53 | zł1.52 | x |
| 2018-12-31 | zł12.54 | zł1.52 | x |
| 2019-12-31 | zł14.36 | zł1.52 | x |
| 2020-12-31 | zł14.92 | zł1.52 | x |
| 2021-12-31 | zł16.26 | zł1.52 | x |
| 2022-12-31 | zł9.41 | zł1.52 | x |
| 2023-12-31 | zł5.62 | zł1.52 | x |
| 2024-12-31 | zł2.63 | zł1.52 | x |
| 2025-12-31 | zł-1.13 | zł1.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T-Bull S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -137.56%
- • Asset Turnover: 2.07x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-13.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 49.20% | 35.68% | 0.90x | 1.54x | zł1.11 Million |
| 2016 | 62.84% | 56.79% | 0.92x | 1.20x | zł4.06 Million |
| 2017 | 39.42% | 62.05% | 0.55x | 1.15x | zł3.81 Million |
| 2018 | 4.47% | 8.87% | 0.41x | 1.23x | zł-808.66K |
| 2019 | 12.64% | 31.99% | 0.30x | 1.33x | zł439.22K |
| 2020 | 10.56% | 25.97% | 0.31x | 1.33x | zł96.12K |
| 2021 | -114.85% | -245.20% | 0.42x | 1.12x | zł-24.07 Million |
| 2022 | -68.17% | -93.39% | 0.69x | 1.05x | zł-8.74 Million |
| 2023 | -55.51% | -53.23% | 0.80x | 1.30x | zł-4.37 Million |
| 2024 | -89.29% | -49.52% | 0.97x | 1.86x | zł-3.10 Million |
| 2025 | 0.00% | -137.56% | 2.07x | 0.00x | zł-4.32 Million |
Industry Comparison
This section compares T-Bull S.A's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $295,502,170
- Average return on equity (ROE) among peers: 13.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T-Bull S.A (TBL) | zł-1.61 Million | 49.20% | N/A | $497.10K |
| 11 bit studios S.A (11B) | $236.42 Million | 2.94% | 0.14x | $77.83 Million |
| All In! Games S.A. (ALG) | $-14.79 Million | 0.00% | 0.00x | $14.11 Million |
| Artifex Mundi SA (ART) | $35.26 Million | -10.18% | 0.11x | $64.32 Million |
| BoomBit S.A (BBT) | $73.57 Million | 21.49% | 0.93x | $20.74 Million |
| CD PROJEKT SA (CDR) | $2.19 Billion | 52.77% | 0.32x | $7.08 Billion |
| CI Games SA (CIG) | $83.64 Million | -19.42% | 0.41x | $140.02 Million |
| Creepy Jar SA (CRJ) | $100.02 Million | 36.45% | 0.04x | $68.14 Million |
| Gaming Factory S.A. (GIF) | $7.43 Million | 37.22% | 0.02x | $5.54 Million |
| Games Operators SA (GOP) | $20.01 Million | 16.70% | 0.14x | $18.01 Million |
| Huuuge Inc. (HUG) | $226.10 Million | -4.28% | 0.33x | $269.37 Million |
About T-Bull S.A
T-Bull S.A. engages in the production and distribution of games for mobile and stationary devices in Poland. The company's games include Moto Rider GO, Top Speed, Bike Clash, Racing Xtreme 2, and Drive Stars: Sports Car Racing. It also operates in the area of PC and console games. T-Bull S.A. was incorporated in 2015 and is headquartered in Wroclaw, Poland.