A CIEL OUVERT FRANCE : revenue, balance sheet and financial ratios

A CIEL OUVERT FRANCE is a French company founded 12 years ago, specialized in the sector Activités des sièges sociaux. Based in SAINT-JACQUES-DE-LA-LANDE (35136), this company of category PME shows in 2023 a revenue of 916 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - A CIEL OUVERT FRANCE (SIREN 801748302)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 916 433 € 722 790 € 585 167 € 448 732 € 165 742 € 121 786 € 127 300 € 100 277 €
Net income 449 701 € 258 168 € 262 593 € 122 792 € 51 370 € 16 961 € -16 605 € 26 426 €
EBITDA 2 355 € 19 189 € 102 873 € 66 510 € -174 484 € -254 858 € -131 414 € -143 528 €
Net margin 49.1% 35.7% 44.9% 27.4% 31.0% 13.9% -13.0% 26.4%

Revenue and income statement

In 2023, A CIEL OUVERT FRANCE achieves revenue of 916 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +37.2%. Vs 2022, growth of +27% (723 k€ -> 916 k€). After deducting consumption (-13 k€), gross margin stands at 930 k€, i.e. a rate of 101%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2 k€, representing 0.3% of revenue. Warning negative scissor effect: despite revenue change (+27%), EBITDA varies by -88%, reducing margin by 2.4 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 450 k€, i.e. 49.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

916 433 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

929 630 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

2 355 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

769 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

449 701 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.3%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 2%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 72%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 45.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

2.1%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

71.947%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

45.679%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.05

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

45.3%

Solvency indicators evolution
A CIEL OUVERT FRANCE

Sector positioning

Debt ratio
2.1 2023
2021
2022
2023
Q1: 0.15
Med: 18.7
Q3: 101.8
Good

In 2023, the debt ratio of A CIEL OUVERT FRANCE (2.10) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
71.95% 2023
2021
2022
2023
Q1: 13.7%
Med: 51.31%
Q3: 84.16%
Good

In 2023, the financial autonomy of A CIEL OUVERT FRANCE (72.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
0.05 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 3.84 years
Good

In 2023, the repayment capacity of A CIEL OUVERT FRANCE (0.05) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 256.69. 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 4.0x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

256.693

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

3.992

Liquidity indicators evolution
A CIEL OUVERT FRANCE

Sector positioning

Liquidity ratio
256.69 2023
2021
2022
2023
Q1: 110.28
Med: 414.47
Q3: 1925.09
Average -13 pts over 3 years

In 2023, the liquidity ratio of A CIEL OUVERT FRANCE (256.69) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
3.99x 2023
2021
2022
2023
Q1: -38.49x
Med: 0.0x
Q3: 2.71x
Excellent +22 pts over 3 years

In 2023, the interest coverage of A CIEL OUVERT FRANCE (4.0x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 156 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 40 days. The gap of 116 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 221 days of revenue, i.e. 562 k€ to permanently finance. Over 2016-2023, WCR increased by +951%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

561 663 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

156 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

40 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

221 j

WCR and payment terms evolution
A CIEL OUVERT FRANCE

Positioning of A CIEL OUVERT FRANCE in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 89 transactions of similar company sales in 2023, the value of A CIEL OUVERT FRANCE is estimated at 754 398 € (range 349 869€ - 1 659 354€). With an EBITDA of 2 355€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.52x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
89 tx
349k€ 754k€ 1659k€
754 398 € Range: 349 869€ - 1 659 354€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 355 € × 4.0x
Estimation 9 470 €
4 858€ - 15 378€
Revenue Multiple 30%
916 433 € × 0.52x
Estimation 479 824 €
196 282€ - 850 364€
Net Income Multiple 20%
449 701 € × 6.7x
Estimation 3 028 581 €
1 442 782€ - 6 982 780€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 89 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Activités des sièges sociaux)

Compare A CIEL OUVERT FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about A CIEL OUVERT FRANCE

What is the revenue of A CIEL OUVERT FRANCE ?

The revenue of A CIEL OUVERT FRANCE in 2023 is 916 k€.

Is A CIEL OUVERT FRANCE profitable?

Yes, A CIEL OUVERT FRANCE generated a net profit of 450 k€ in 2023.

Where is the headquarters of A CIEL OUVERT FRANCE ?

The headquarters of A CIEL OUVERT FRANCE is located in SAINT-JACQUES-DE-LA-LANDE (35136), in the department Ille-et-Vilaine.

Where to find the tax return of A CIEL OUVERT FRANCE ?

The tax return of A CIEL OUVERT FRANCE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does A CIEL OUVERT FRANCE operate?

A CIEL OUVERT FRANCE operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.