ADROVIC RENOVATION CONSTRUCTION : revenue, balance sheet and financial ratios

ADROVIC RENOVATION CONSTRUCTION is a French company founded 12 years ago, specialized in the sector Travaux de peinture et vitrerie. Based in PARIS (75020), this company of category PME shows in 2021 a revenue of 439 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - ADROVIC RENOVATION CONSTRUCTION (SIREN 801598749)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 439 361 € 312 221 € 311 297 € 321 365 € 345 973 € 372 310 €
Net income 17 139 € 8 735 € -13 504 € 4 830 € -20 045 € 6 573 €
EBITDA 21 313 € 12 137 € -11 352 € 7 302 € -21 807 € 5 615 €
Net margin 3.9% 2.8% -4.3% 1.5% -5.8% 1.8%

Revenue and income statement

In 2021, ADROVIC RENOVATION CONSTRUCTION achieves revenue of 439 k€. Revenue is growing positively over 6 years (CAGR: +3.4%). Vs 2020, growth of +41% (312 k€ -> 439 k€). After deducting consumption (171 k€), gross margin stands at 269 k€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21 k€, representing 4.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 17 k€, i.e. 3.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

439 361 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

268 707 €

EBITDA (2021) ?
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

21 313 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

20 192 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

17 139 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.9%

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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 98%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

98.308%

Financial autonomy (2021) ?
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

24.475%

Cash flow / Revenue (2021) ?
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

4.083%

Repayment capacity (2021) ?
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

2.067

Asset age ratio (2021) ?
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

11.9%

Solvency indicators evolution
ADROVIC RENOVATION CONSTRUCTION

Sector positioning

Debt ratio
98.31 2021
2019
2020
2021
Q1: 0.23
Med: 15.12
Q3: 66.76
Average

In 2021, the debt ratio of ADROVIC RENOVATION CONSTR... (98.31) 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
24.48% 2021
2019
2020
2021
Q1: 5.18%
Med: 28.4%
Q3: 50.71%
Average +7 pts over 3 years

In 2021, the financial autonomy of ADROVIC RENOVATION CONSTR... (24.5%) 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
2.07 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.09 years
Average +50 pts over 3 years

In 2021, the repayment capacity of ADROVIC RENOVATION CONSTR... (2.07) 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 190.80. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2021) ?
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

190.8

Interest coverage (2021) ?
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

0.31

Liquidity indicators evolution
ADROVIC RENOVATION CONSTRUCTION

Sector positioning

Liquidity ratio
190.8 2021
2019
2020
2021
Q1: 140.88
Med: 205.63
Q3: 305.83
Average +18 pts over 3 years

In 2021, the liquidity ratio of ADROVIC RENOVATION CONSTR... (190.80) 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
0.31x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 1.14x
Good +32 pts over 3 years

In 2021, the interest coverage of ADROVIC RENOVATION CONSTR... (0.3x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The gap of 40 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 37 days of revenue, i.e. 45 k€ to permanently finance. Over 2016-2021, WCR increased by +237%, requiring additional financing.

Operating WCR (2021) ?
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

45 465 €

Customer credit (2021) ?
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

60 j

Supplier credit (2021) ?
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

20 j

Inventory turnover (2021) ?
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

4 j

WCR in days of revenue (2021) ?
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

37 j

WCR and payment terms evolution
ADROVIC RENOVATION CONSTRUCTION

Positioning of ADROVIC RENOVATION CONSTRUCTION in its sector

Comparison with sector Travaux de peinture et vitrerie

Valuation estimate

Based on 88 transactions of similar company sales (all years), the value of ADROVIC RENOVATION CONSTRUCTION is estimated at 63 061 € (range 23 343€ - 111 782€). With an EBITDA of 21 313€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.18x (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 2021
88 tx
23k€ 63k€ 111k€
63 061 € Range: 23 343€ - 111 782€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
21 313 € × 2.7x
Estimation 57 847 €
17 512€ - 100 117€
Revenue Multiple 30%
439 361 € × 0.18x
Estimation 79 815 €
36 725€ - 141 040€
Net Income Multiple 20%
17 139 € × 3.0x
Estimation 50 970 €
17 850€ - 97 057€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 88 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 (Travaux de peinture et vitrerie)

Compare ADROVIC RENOVATION CONSTRUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de peinture et vitrerie

Frequently asked questions about ADROVIC RENOVATION CONSTRUCTION

What is the revenue of ADROVIC RENOVATION CONSTRUCTION ?

The revenue of ADROVIC RENOVATION CONSTRUCTION in 2021 is 439 k€.

Is ADROVIC RENOVATION CONSTRUCTION profitable?

Yes, ADROVIC RENOVATION CONSTRUCTION generated a net profit of 17 k€ in 2021.

Where is the headquarters of ADROVIC RENOVATION CONSTRUCTION ?

The headquarters of ADROVIC RENOVATION CONSTRUCTION is located in PARIS (75020), in the department Paris.

Where to find the tax return of ADROVIC RENOVATION CONSTRUCTION ?

The tax return of ADROVIC RENOVATION CONSTRUCTION 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 ADROVIC RENOVATION CONSTRUCTION operate?

ADROVIC RENOVATION CONSTRUCTION operates in the sector Travaux de peinture et vitrerie (NAF code 43.34Z). See the 'Sector positioning' section above to compare the company with its competitors.