SIREN : 499947646
ADEHO is a French company founded 18 years ago, specialized in the sector Activités des sièges sociaux. Based in RENNES (35000), this company of category ETI shows in 2024 a revenue of 848 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 847 687 € | 905 000 € | 1 530 197 € | N/C | N/C | 1 354 734 € | 1 097 537 € | 954 718 € | 782 853 € |
| Net income | 816 228 € | -29 128 € | 290 783 € | 163 384 € | 241 310 € | 205 531 € | 215 604 € | 42 798 € | 38 615 € |
| EBITDA | -172 347 € | -35 126 € | 425 063 € | N/C | N/C | 304 465 € | 73 136 € | 75 030 € | 56 114 € |
| Net margin | 96.3% | -3.2% | 19.0% | N/C | N/C | 15.2% | 19.6% | 4.5% | 4.9% |
In 2024, ADEHO achieves revenue of 848 k€. Revenue is growing positively over 9 years (CAGR: +1.0%). Slight decline of -6% vs 2023. After deducting consumption (0 €), gross margin stands at 848 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -172 k€, representing -20.3% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -391%, reducing margin by 16.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 816 k€, i.e. 96.3% of revenue. This profit can be retained or distributed to shareholders.
847 687 €
847 687 €
-172 347 €
-165 083 €
816 228 €
-20.3%
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 68%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 95.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.837%
67.744%
95.433%
0.02
27.2%
In 2024, the debt ratio of ADEHO (0.84) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of ADEHO (67.7%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of ADEHO (0.02) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 210.82. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
210.821
-189.496
In 2024, the liquidity ratio of ADEHO (210.82) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of ADEHO (-189.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 360 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 152 days. The gap of 208 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 415 days of revenue, i.e. 977 k€ to permanently finance. Over 2016-2024, WCR increased by +947%, requiring additional financing.
976 934 €
360 j
152 j
0 j
415 j
Based on 103 transactions of similar company sales in 2024, the value of ADEHO is estimated at 3 296 313 € (range 1 157 428€ - 8 746 674€). The price/revenue ratio is 0.38x (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.
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This estimate is based on the analysis of 103 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ADEHO with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of ADEHO in 2024 is 848 k€.
Yes, ADEHO generated a net profit of 816 k€ in 2024.
The headquarters of ADEHO is located in RENNES (35000), in the department Ille-et-Vilaine.
The tax return of ADEHO 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).
ADEHO operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.