ACSE : revenue, balance sheet and financial ratios

ACSE is a French company founded 45 years ago, specialized in the sector Travaux d'installation d'eau et de gaz en tous locaux. Based in NICE (06300), this company of category PME shows in 2022 a revenue of 1.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - ACSE (SIREN 323373431)
Indicator 2024 2022 2021 2020 2019 2018 2017
Revenue N/C 1 457 347 € 1 334 302 € 1 176 249 € 1 142 289 € 1 219 627 € 1 288 880 €
Net income 47 977 € 22 590 € 55 552 € 61 718 € 7 766 € 19 174 € 109 036 €
EBITDA N/C 42 732 € 78 507 € 80 594 € 33 661 € 24 716 € 138 753 €
Net margin N/C 1.6% 4.2% 5.2% 0.7% 1.6% 8.5%

Revenue and income statement

In 2024, ACSE generates positive net income of 48 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2017-2024: 109 k€ -> 48 k€.

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

47 977 €

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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 29%. 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 60%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

28.722%

Financial autonomy (2024) ?
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

59.845%

Asset age ratio (2024) ?
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

22.7%

Solvency indicators evolution
ACSE

Sector positioning

Debt ratio
28.72 2024
2021
2022
2024
Q1: 1.98
Med: 14.74
Q3: 43.33
Average -8 pts over 3 years

In 2024, the debt ratio of ACSE (28.72) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
59.84% 2024
2021
2022
2024
Q1: 11.67%
Med: 37.82%
Q3: 58.38%
Excellent +11 pts over 3 years

In 2024, the financial autonomy of ACSE (59.8%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
11.66 years 2022
2021
2022
Q1: 0.0 years
Med: 0.15 years
Q3: 1.44 years
Watch

In 2022, the repayment capacity of ACSE (11.66) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 331.97. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

331.974

Liquidity indicators evolution
ACSE

Sector positioning

Liquidity ratio
331.97 2024
2021
2022
2024
Q1: 156.36
Med: 226.44
Q3: 343.82
Good

In 2024, the liquidity ratio of ACSE (331.97) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
6.74x 2022
2021
2022
Q1: 0.0x
Med: 0.06x
Q3: 1.79x
Excellent

In 2022, the interest coverage of ACSE (6.7x) 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.

Operating WCR (2024) ?
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

0 €

Customer credit (2024) ?
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

0 j

Supplier credit (2024) ?
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

0 j

Inventory turnover (2024) ?
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 and payment terms evolution
ACSE

Positioning of ACSE in its sector

Comparison with sector Travaux d'installation d'eau et de gaz en tous locaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (28 transactions). This range of 25 227€ to 221 324€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
25k€ 82k€ 221k€
82 977 € Range: 25 227€ - 221 324€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 28 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 (Travaux d'installation d'eau et de gaz en tous locaux)

Compare ACSE with other companies in the same sector:

Frequently asked questions about ACSE

What is the revenue of ACSE ?

The revenue of ACSE in 2022 is 1.5 M€.

Is ACSE profitable?

Yes, ACSE generated a net profit of 48 k€ in 2024.

Where is the headquarters of ACSE ?

The headquarters of ACSE is located in NICE (06300), in the department Alpes-Maritimes.

Where to find the tax return of ACSE ?

The tax return of ACSE 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 ACSE operate?

ACSE operates in the sector Travaux d'installation d'eau et de gaz en tous locaux (NAF code 43.22A). See the 'Sector positioning' section above to compare the company with its competitors.