ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF : revenue, balance sheet and financial ratios

ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF is a French company founded 42 years ago, specialized in the sector Traitement et élimination des déchets dangereux. Based in SAINT-REMY-DU-NORD (59330), this company of category ETI shows in 2024 a revenue of 39.5 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 - ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF (SIREN 328999362)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 39 505 527 € 36 153 789 € 36 965 388 € 33 253 233 € 29 753 939 € 26 616 683 € 22 024 507 € 21 308 483 € 21 418 206 €
Net income 5 588 903 € 5 830 729 € 5 369 612 € 4 235 647 € 2 921 687 € 4 172 780 € 1 077 423 € 847 799 € 1 115 934 €
EBITDA 10 348 151 € 9 824 399 € 11 192 674 € 9 293 633 € 7 150 304 € 6 619 230 € 4 062 434 € 3 670 089 € 4 086 621 €
Net margin 14.1% 16.1% 14.5% 12.7% 9.8% 15.7% 4.9% 4.0% 5.2%

Revenue and income statement

In 2024, ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF achieves revenue of 39.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.0%. Vs 2023: +9%. After deducting consumption (0 €), gross margin stands at 39.5 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 10.3 M€, representing 26.2% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.6 M€, i.e. 14.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

39 505 527 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

39 505 527 €

EBITDA (2024) ?
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

10 348 151 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

5 860 982 €

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

5 588 903 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

26.2%

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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 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 59%. 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 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 23.2% 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 (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

38.888%

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

58.649%

Cash flow / Revenue (2024) ?
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

23.214%

Repayment capacity (2024) ?
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

1.364

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

39.3%

Solvency indicators evolution
ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF

Sector positioning

Debt ratio
38.89 2024
2022
2023
2024
Q1: 0.0
Med: 9.66
Q3: 59.93
Average +6 pts over 3 years

In 2024, the debt ratio of ACTIVITES DE RECYCLAGE ET... (38.89) 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
58.65% 2024
2022
2023
2024
Q1: 18.26%
Med: 34.27%
Q3: 52.66%
Excellent

In 2024, the financial autonomy of ACTIVITES DE RECYCLAGE ET... (58.6%) 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
1.36 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.07 years
Q3: 1.69 years
Average +6 pts over 3 years

In 2024, the repayment capacity of ACTIVITES DE RECYCLAGE ET... (1.36) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 316.36. 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 2.1x. Financial charges are adequately covered by operations.

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

316.359

Interest coverage (2024) ?
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

2.056

Liquidity indicators evolution
ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF

Sector positioning

Liquidity ratio
316.36 2024
2022
2023
2024
Q1: 104.77
Med: 131.67
Q3: 211.48
Excellent

In 2024, the liquidity ratio of ACTIVITES DE RECYCLAGE ET... (316.36) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
2.06x 2024
2022
2023
2024
Q1: 0.0x
Med: 2.18x
Q3: 11.13x
Average -14 pts over 3 years

In 2024, the interest coverage of ACTIVITES DE RECYCLAGE ET... (2.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 66 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 62 days of revenue, i.e. 6.8 M€ to permanently finance. Over 2016-2024, WCR increased by +104%, requiring additional financing.

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

6 828 530 €

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

66 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

65 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

14 j

WCR in days of revenue (2024) ?
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

62 j

WCR and payment terms evolution
ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF

Positioning of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF in its sector

Comparison with sector Traitement et élimination des déchets dangereux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (48 transactions). This range of 3 724 638€ to 27 650 916€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
3724k€ 5928k€ 27650k€
5 928 973 € Range: 3 724 638€ - 27 650 916€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 48 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 (Traitement et élimination des déchets dangereux)

Compare ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF with other companies in the same sector:

Voir toutes les statistiques du secteur Traitement et élimination des déchets dangereux

Frequently asked questions about ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF

What is the revenue of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF ?

The revenue of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF in 2024 is 39.5 M€.

Is ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF profitable?

Yes, ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF generated a net profit of 5.6 M€ in 2024.

Where is the headquarters of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF ?

The headquarters of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF is located in SAINT-REMY-DU-NORD (59330), in the department Nord.

Where to find the tax return of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF ?

The tax return of ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF 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 ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF operate?

ACTIVITES DE RECYCLAGE ET DE FORMULATION - ARF operates in the sector Traitement et élimination des déchets dangereux (NAF code 38.22Z). See the 'Sector positioning' section above to compare the company with its competitors.