ACAS MIDI PYRENEES : revenue, balance sheet and financial ratios

In 2025, ACAS MIDI PYRENEES achieves revenue of 113 k€. Activity remains stable over the period (CAGR: -4.7%). Slight decline of -10% vs 2024. After deducting consumption (4 k€), gross margin stands at 109 k€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16 k€, representing 13.9% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -44%, reducing margin by 8.7 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -3 k€ (-3.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 60%. 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 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 356.25. 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: 25 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 14 days. The company must finance 11 days of gap between collections and payments. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 37 days of revenue, i.e. 12 k€ to permanently finance. Notable WCR improvement over the period (-21%), freeing up cash.

Based on 283 transactions of similar company sales (all years), the value of ACAS MIDI PYRENEES is estimated at 17 841 € (range 8 397€ - 50 570€). With an EBITDA of 15 673€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (conservative valuation). 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.