SER SOLUTIONS FRANCE : revenue, balance sheet and financial ratios

In 2024, SER SOLUTIONS FRANCE achieves revenue of 8.4 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +33.4%. Vs 2023, growth of +84% (4.6 M€ -> 8.4 M€). After deducting consumption (0 €), gross margin stands at 8.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 231 k€, representing 2.7% of revenue. Warning negative scissor effect: despite revenue change (+84%), EBITDA varies by -33%, reducing margin by 4.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 32 k€, i.e. 0.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 719%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 7%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 20.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 621.75. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 72 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 8 days. The gap of 64 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 211 days of revenue, i.e. 4.9 M€ to permanently finance. Over 2017-2024, WCR increased by +19177%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (47 transactions). This range of 430 721€ to 1 336 204€ is provided for information purposes only and requires in-depth analysis to be confirmed.