ADF ENVIRONNEMENT : revenue, balance sheet and financial ratios

ADF ENVIRONNEMENT is a French company founded 28 years ago, specialized in the sector Autres activités de nettoyage des bâtiments et nettoyage industriel. Based in VITROLLES (13127), this company of category ETI shows in 2024 a revenue of 12.1 M€. 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 - ADF ENVIRONNEMENT (SIREN 417499787)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 12 074 380 € 11 390 574 € 12 516 218 € 13 067 199 € 15 510 666 € 16 638 406 € 13 105 281 € 13 567 575 € 12 138 512 €
Net income 533 123 € 386 641 € 538 459 € 692 162 € 248 914 € -785 728 € 477 589 € 442 446 € 573 200 €
EBITDA 300 271 € 790 434 € 696 894 € 711 046 € 288 757 € -288 856 € 842 143 € 735 294 € 884 699 €
Net margin 4.4% 3.4% 4.3% 5.3% 1.6% -4.7% 3.6% 3.3% 4.7%

Revenue and income statement

In 2024, ADF ENVIRONNEMENT achieves revenue of 12.1 M€. Activity remains stable over the period (CAGR: -0.1%). Vs 2023: +6%. After deducting consumption (188 k€), gross margin stands at 11.9 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 300 k€, representing 2.5% of revenue. Warning negative scissor effect: despite revenue change (+6%), EBITDA varies by -62%, reducing margin by 4.5 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 533 k€, i.e. 4.4% 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

12 074 380 €

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

11 886 479 €

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

300 271 €

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

621 863 €

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

533 123 €

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

2.5%

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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 107%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 12%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.1% 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

107.297%

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

11.651%

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

3.065%

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

3.101

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

14.4%

Solvency indicators evolution
ADF ENVIRONNEMENT

Sector positioning

Debt ratio
107.3 2024
2022
2023
2024
Q1: 0.08
Med: 14.64
Q3: 58.18
Average

In 2024, the debt ratio of ADF ENVIRONNEMENT (107.30) 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
11.65% 2024
2022
2023
2024
Q1: 9.42%
Med: 31.55%
Q3: 53.41%
Average -8 pts over 3 years

In 2024, the financial autonomy of ADF ENVIRONNEMENT (11.7%) 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
3.1 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 1.13 years
Watch

In 2024, the repayment capacity of ADF ENVIRONNEMENT (3.10) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 140.42. 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 9.6x. 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

140.422

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

9.594

Liquidity indicators evolution
ADF ENVIRONNEMENT

Sector positioning

Liquidity ratio
140.42 2024
2022
2023
2024
Q1: 114.86
Med: 169.92
Q3: 266.43
Average

In 2024, the liquidity ratio of ADF ENVIRONNEMENT (140.42) 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.

Interest coverage
9.59x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.69x
Excellent

In 2024, the interest coverage of ADF ENVIRONNEMENT (9.6x) 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: 137 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 133 days. The company must finance 4 days of gap between collections and payments. Overall, WCR represents 163 days of revenue, i.e. 5.5 M€ to permanently finance. Over 2016-2024, WCR increased by +41%, 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

5 464 985 €

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

137 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

133 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

0 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

163 j

WCR and payment terms evolution
ADF ENVIRONNEMENT

Positioning of ADF ENVIRONNEMENT in its sector

Comparison with sector Autres activités de nettoyage des bâtiments et nettoyage industriel

Valuation estimate

Based on 53 transactions of similar company sales (all years), the value of ADF ENVIRONNEMENT is estimated at 2 016 306 € (range 824 847€ - 3 456 910€). With an EBITDA of 300 271€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.35x (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.

Estimated enterprise value 2024
53 tx
824k€ 2016k€ 3456k€
2 016 306 € Range: 824 847€ - 3 456 910€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
300 271 € × 2.6x
Estimation 767 232 €
309 555€ - 1 179 437€
Revenue Multiple 30%
12 074 380 € × 0.35x
Estimation 4 255 641 €
1 767 583€ - 7 313 724€
Net Income Multiple 20%
533 123 € × 3.3x
Estimation 1 779 989 €
698 977€ - 3 365 374€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 53 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 (Autres activités de nettoyage des bâtiments et nettoyage industriel)

Compare ADF ENVIRONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités de nettoyage des bâtiments et nettoyage industriel

Frequently asked questions about ADF ENVIRONNEMENT

What is the revenue of ADF ENVIRONNEMENT ?

The revenue of ADF ENVIRONNEMENT in 2024 is 12.1 M€.

Is ADF ENVIRONNEMENT profitable?

Yes, ADF ENVIRONNEMENT generated a net profit of 533 k€ in 2024.

Where is the headquarters of ADF ENVIRONNEMENT ?

The headquarters of ADF ENVIRONNEMENT is located in VITROLLES (13127), in the department Bouches-du-Rhone.

Where to find the tax return of ADF ENVIRONNEMENT ?

The tax return of ADF ENVIRONNEMENT 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 ADF ENVIRONNEMENT operate?

ADF ENVIRONNEMENT operates in the sector Autres activités de nettoyage des bâtiments et nettoyage industriel (NAF code 81.22Z). See the 'Sector positioning' section above to compare the company with its competitors.