ADI-GARDINER : revenue, balance sheet and financial ratios

ADI-GARDINER is a French company founded 53 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication. Based in ALFORTVILLE (94140), this company of category ETI shows in 2024 a revenue of 19.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-23

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

Synthèse

Santé financière : Fragile

Signal structurel : capitaux propres négatifs ; exploitation déficitaire (EBE négatif).

In summary, ADI-GARDINER is currently loss-making, which weighs on its accounts. Its financial structure is severely weakened: equity is negative.

Financial history - ADI-GARDINER (SIREN 732060272)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 19 771 453 € 21 241 987 € 36 280 919 € 48 723 020 € 44 009 148 € 45 524 937 € 41 893 317 € 40 843 695 € 35 190 205 €
Net income -1 943 642 € -3 099 117 € -1 594 681 € -3 121 968 € -2 615 688 € -2 596 680 € -3 573 998 € -3 182 763 € -6 007 485 €
EBITDA -1 494 869 € -2 797 614 € -1 794 669 € -2 445 285 € -3 037 168 € -2 063 218 € -3 217 781 € -3 514 617 € -5 846 291 €
Net margin -9.8% -14.6% -4.4% -6.4% -5.9% -5.7% -8.5% -7.8% -17.1%

Revenue and income statement

In 2024, ADI-GARDINER achieves revenue of 19.8 M€. Revenue is declining over the period 2020-2024 (CAGR: -18.1%). Slight decline of -7% vs 2023. After deducting consumption (15.0 M€), gross margin stands at 4.8 M€, i.e. a rate of 24%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.5 M€, representing -7.6% of revenue. Positive scissor effect: EBITDA margin improves by +5.6 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.9 M€ (-9.8% 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

19 771 453 €

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

4 768 145 €

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

-1 494 869 €

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

-1 536 559 €

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

-1 943 642 €

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

-7.6%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

Warning: the company shows negative equity (accumulated losses exceed its capital). This is a major financial weakness which makes debt and autonomy ratios non-meaningful.

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

Non significatif

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

Non significatif

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

-9.81%

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

-4.33

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

49.8%

Solvency indicators evolution
ADI-GARDINER

Sector positioning

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1.11. This ratio is less favorable than the sector median (2.4) and warrants attention.

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

1.11

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

-21.19

Liquidity indicators evolution
ADI-GARDINER

Sector positioning

Liquidity ratio
1.11 2024
2022
2023
2024
Q1: 1.48
Med: 2.36
Q3: 3.73
Watch -22 pts over 3 years

In 2024, the liquidity ratio of ADI-GARDINER (1.11) 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
-21.19x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.13x
Q3: 4.3x
Watch

In 2024, the interest coverage of ADI-GARDINER (-21.2x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. The company must finance 6 days of gap between collections and payments. Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 64 days of revenue, i.e. 3.5 M€ to permanently finance. Between 2021 and 2024, WCR improved by 43 days of revenue, freeing up cash.

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

3 492 825 €

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

64 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

58 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

2 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

64 j

WCR and payment terms evolution
ADI-GARDINER

Positioning of ADI-GARDINER in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication

Valuation estimate

Based on 79 transactions of similar company sales (all years), the value of ADI-GARDINER is estimated at 2 495 492 € (range 1 505 293€ - 4 620 425€). The price/revenue ratio is 0.13x (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
79 tx
1505k€ 2495k€ 4620k€
2 495 492 € Range: 1 505 293€ - 4 620 425€
NAF 5 all-time

Valuation method used

Revenue Multiple
19 771 453 € × 0.13x = 2 495 492 €
Range: 1 505 294€ - 4 620 426€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 79 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 (Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication)

Compare ADI-GARDINER with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication

Top companies in Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication:

Top companies in Val-de-Marne

Largest companies by revenue in the department Val-de-Marne:

Frequently asked questions about ADI-GARDINER

What is the revenue of ADI-GARDINER ?

The revenue of ADI-GARDINER in 2024 is 19.8 M€.

Is ADI-GARDINER profitable?

ADI-GARDINER recorded a net loss in 2024.

Where is the headquarters of ADI-GARDINER ?

The headquarters of ADI-GARDINER is located in ALFORTVILLE (94140), in the department Val-de-Marne.

Where to find the tax return of ADI-GARDINER ?

The tax return of ADI-GARDINER 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 ADI-GARDINER operate?

ADI-GARDINER operates in the sector Commerce de gros (commerce interentreprises) de composants et d'équipements électroniques et de télécommunication (NAF code 46.52Z). See the 'Sector positioning' section above to compare the company with its competitors.