ADDITIFS INGREDIENTS ALIMENTAIRES : revenue, balance sheet and financial ratios

In 2025, ADDITIFS INGREDIENTS ALIMENTAIRES achieves revenue of 8.2 M€. Over the period 2019-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +48.1%. Vs 2024, growth of +27% (6.5 M€ -> 8.2 M€). After deducting consumption (6.3 M€), gross margin stands at 1.9 M€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 620 k€, representing 7.5% of revenue. Warning negative scissor effect: despite revenue change (+27%), EBITDA varies by -29%, reducing margin by 5.9 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 655 k€, i.e. 8.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 92%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 42%. 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 5.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 4.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 481.75. 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 25.8x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. The company must finance 15 days of gap between collections and payments. Inventory turnover is 118 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 189 days of revenue, i.e. 4.3 M€ to permanently finance. Over 2019-2025, WCR increased by +6274%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of ADDITIFS INGREDIENTS ALIMENTAIRES is estimated at 1 283 256 € (range 697 876€ - 4 171 718€). With an EBITDA of 620 372€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.32x (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.