ADEO SERVICES : revenue, balance sheet and financial ratios

ADEO SERVICES is a French company founded 27 years ago, specialized in the sector Intermédiaires du commerce en meubles, articles de ménage et quincaillerie. Based in RONCHIN (59790), this company of category GE shows in 2024 a revenue of 2.3 Mds€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - ADEO SERVICES (SIREN 421206079)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2014
Revenue 2 258 329 000 € 2 337 614 000 € 2 420 501 162 € 2 154 255 000 € 1 631 793 000 € 1 625 023 000 € 1 436 706 000 € 1 433 357 000 € 1 167 264 000 € 853 260 000 €
Net income -26 995 000 € 17 092 000 € 42 585 484 € 21 071 000 € 10 992 000 € 31 060 000 € -23 198 000 € 10 277 000 € 11 489 000 € 14 689 000 €
EBITDA 3 424 000 € 27 638 000 € -73 440 331 € -6 046 000 € -28 154 000 € -57 951 000 € 1 008 580 000 € 2 791 334 000 € 982 549 000 € 710 028 000 €
Net margin -1.2% 0.7% 1.8% 1.0% 0.7% 1.9% -1.6% 0.7% 1.0% 1.7%

Revenue and income statement

In 2024, ADEO SERVICES achieves revenue of 2.3 Bn€. Over the period 2014-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.2%. Slight decline of -3% vs 2023. After deducting consumption (1.5 Bn€), gross margin stands at 788.7 M€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.4 M€, representing 0.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -27.0 M€ (-1.2% of revenue), which will impact equity.

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

2 258 329 000 €

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

788 727 000 €

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

3 424 000 €

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

23 522 000 €

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

-26 995 000 €

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

0.2%

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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 3%. 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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

2.742%

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

19.479%

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

0.782%

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

0.408

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

31.0%

Solvency indicators evolution
ADEO SERVICES

Sector positioning

Debt ratio
2.74 2024
2022
2023
2024
Q1: 0.0
Med: 4.84
Q3: 37.52
Good -18 pts over 3 years

In 2024, the debt ratio of ADEO SERVICES (2.74) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
19.48% 2024
2022
2023
2024
Q1: 11.14%
Med: 37.11%
Q3: 67.5%
Average +5 pts over 3 years

In 2024, the financial autonomy of ADEO SERVICES (19.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.41 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 1.01 years
Average

In 2024, the repayment capacity of ADEO SERVICES (0.41) 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 122.48. 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 603.9x. Operating income very largely covers interest expenses: high safety margin.

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

122.483

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

603.884

Liquidity indicators evolution
ADEO SERVICES

Sector positioning

Liquidity ratio
122.48 2024
2022
2023
2024
Q1: 149.15
Med: 246.84
Q3: 425.07
Watch

In 2024, the liquidity ratio of ADEO SERVICES (122.48) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
603.88x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 8.13x
Excellent +96 pts over 3 years

In 2024, the interest coverage of ADEO SERVICES (603.9x) 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. Average customer payment term: 101 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 105 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Inventory turnover is 70 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 131 days of revenue, i.e. 822.0 M€ to permanently finance. Over 2014-2024, WCR increased by +149%, 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

821 986 589 €

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

101 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

105 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

70 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

131 j

WCR and payment terms evolution
ADEO SERVICES

Positioning of ADEO SERVICES in its sector

Comparison with sector Intermédiaires du commerce en meubles, articles de ménage et quincaillerie

Valuation estimate

Based on 229 transactions of similar company sales (all years), the value of ADEO SERVICES is estimated at 278 106 032 € (range 129 905 398€ - 683 446 051€). With an EBITDA of 3 424 000€, the sector multiple of 1.6x 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.

Estimated enterprise value 2024
229 transactions
129905k€ 278106k€ 683446k€
278 106 032 € Range: 129 905 398€ - 683 446 051€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 424 000 € × 1.6x
Estimation 5 562 171 €
1 815 251€ - 18 465 770€
Revenue Multiple 30%
2 258 329 000 € × 0.32x
Estimation 732 345 802 €
343 388 976€ - 1 791 746 521€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 229 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 (Intermédiaires du commerce en meubles, articles de ménage et quincaillerie)

Compare ADEO SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Intermédiaires du commerce en meubles, articles de ménage et quincaillerie

Frequently asked questions about ADEO SERVICES

What is the revenue of ADEO SERVICES ?

The revenue of ADEO SERVICES in 2024 is 2.3 Mds€.

Is ADEO SERVICES profitable?

ADEO SERVICES recorded a net loss in 2024.

Where is the headquarters of ADEO SERVICES ?

The headquarters of ADEO SERVICES is located in RONCHIN (59790), in the department Nord.

Where to find the tax return of ADEO SERVICES ?

The tax return of ADEO SERVICES 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 ADEO SERVICES operate?

ADEO SERVICES operates in the sector Intermédiaires du commerce en meubles, articles de ménage et quincaillerie (NAF code 46.15Z). See the 'Sector positioning' section above to compare the company with its competitors.