ACTIVITES DE RECYCLAGE POUR L'INCLUSION ET L'EMPLOI LOCAL : revenue, balance sheet and financial ratios

In 2024, ACTIVITES DE RECYCLAGE POUR L'INCLUSION ET L'EMPLOI LOCAL achieves revenue of 1.2 M€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +88.3%. Vs 2023, growth of +113% (539 k€ -> 1.2 M€). After deducting consumption (48 k€), gross margin stands at 1.1 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 333 k€, representing 29.0% of revenue. Warning negative scissor effect: despite revenue change (+113%), EBITDA varies by +59%, reducing margin by 10.0 pts. This reflects costs rising faster than 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 126 k€, i.e. 10.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.6% 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 157.04. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 185 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 191 days. Favorable situation: supplier credit is longer than customer credit by 6 days. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 161 days of revenue, i.e. 516 k€ to permanently finance. Over 2021-2024, WCR increased by +896%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of ACTIVITES DE RECYCLAGE POUR L'INCLUSION ET L'EMPLOI LOCAL is estimated at 276 104 € (range 90 464€ - 669 779€). With an EBITDA of 332 968€, 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.
Medium reliability: estimate to be confirmed with in-depth analysis.