SIREN : 433842002
ADHEX TECHNOLOGIES is a French company founded 25 years ago, specialized in the sector Fabrication d'autres articles en caoutchouc. Based in CHENOVE (21300), this company of category ETI shows in 2022 a revenue of 78.4 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
| Indicator | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Revenue | 78 415 776 € | 65 165 371 € | 59 322 484 € | 68 143 415 € | 68 743 806 € | 61 467 344 € |
| Net income | 4 043 048 € | 3 909 857 € | 1 296 595 € | 5 607 812 € | 5 603 017 € | 4 158 498 € |
| EBITDA | 8 929 380 € | 8 389 336 € | 7 700 405 € | 10 188 884 € | 9 201 379 € | 7 504 424 € |
| Net margin | 5.2% | 6.0% | 2.2% | 8.2% | 8.2% | 6.8% |
In 2022, ADHEX TECHNOLOGIES achieves revenue of 78.4 M€. Revenue is growing positively over 6 years (CAGR: +5.0%). Vs 2021, growth of +20% (65.2 M€ -> 78.4 M€). After deducting consumption (34.4 M€), gross margin stands at 44.0 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8.9 M€, representing 11.4% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.0 M€, i.e. 5.2% of revenue. This profit can be retained or distributed to shareholders.
78 415 776 €
44 010 134 €
8 929 380 €
4 455 498 €
4 043 048 €
11.4%
The debt ratio (= Financial debt / Equity x 100) stands at 42%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 2.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
42.177%
50.975%
11.02%
2.2
45.7%
In 2022, the debt ratio of ADHEX TECHNOLOGIES (42.18) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2022, the financial autonomy of ADHEX TECHNOLOGIES (51.0%) 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 2022, the repayment capacity of ADHEX TECHNOLOGIES (2.20) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 345.36. 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 4.4x. Financial charges are adequately covered by operations.
345.363
4.41
In 2022, the liquidity ratio of ADHEX TECHNOLOGIES (345.36) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2022, the interest coverage of ADHEX TECHNOLOGIES (4.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. The company must finance 5 days of gap between collections and payments. Inventory turnover is 68 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 103 days of revenue, i.e. 22.3 M€ to permanently finance. Over 2017-2022, WCR increased by +71%, requiring additional financing.
22 347 712 €
61 j
56 j
68 j
103 j
Based on 80 transactions of similar company sales
(all years),
the value of ADHEX TECHNOLOGIES is estimated at
11 921 142 €
(range 5 003 549€ - 24 182 999€).
With an EBITDA of 8 929 380€, the sector multiple of 1.3x is applied.
The price/revenue ratio is 0.21x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 80 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 ADHEX TECHNOLOGIES with other companies in the same sector:
Voir toutes les statistiques du secteur Fabrication d'autres articles en caoutchouc
The revenue of ADHEX TECHNOLOGIES in 2022 is 78.4 M€.
Yes, ADHEX TECHNOLOGIES generated a net profit of 4.0 M€ in 2022.
The headquarters of ADHEX TECHNOLOGIES is located in CHENOVE (21300), in the department Cote-d'Or.
The tax return of ADHEX TECHNOLOGIES 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).
ADHEX TECHNOLOGIES operates in the sector Fabrication d'autres articles en caoutchouc (NAF code 22.19Z). See the 'Sector positioning' section above to compare the company with its competitors.