37 GENERAL DE GAULLE : revenue, balance sheet and financial ratios

In 2024, 37 GENERAL DE GAULLE achieves revenue of 115 k€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.4%. Significant drop of -15% vs 2023. After deducting consumption (0 €), gross margin stands at 115 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 69 k€, representing 59.6% of revenue. Warning negative scissor effect: despite revenue change (-15%), EBITDA varies by -22%, reducing margin by 5.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -2 k€ (-1.7% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 1128%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 12691.42. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 102.8x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 137 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 77 days. The gap of 60 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 8064 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 8259 days of revenue, i.e. 2.6 M€ to permanently finance.

Based on 169 transactions of similar company sales in 2024, the value of 37 GENERAL DE GAULLE is estimated at 275 646 € (range 77 063€ - 494 782€). With an EBITDA of 68 787€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (in line with sector norms). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.