ALUK SYSTEMES : revenue, balance sheet and financial ratios

In 2024, ALUK SYSTEMES achieves revenue of 9.2 M€. Activity remains stable over the period (CAGR: -0.7%). Significant drop of -21% vs 2023. After deducting consumption (6.4 M€), gross margin stands at 2.8 M€, i.e. a rate of 30%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 474 k€, representing 5.2% of revenue. Warning negative scissor effect: despite revenue change (-21%), EBITDA varies by -59%, reducing margin by 4.7 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 323 k€, i.e. 3.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 6%. 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 72%. 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 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 396.36. 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 2.7x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 90 days. Excellent situation: suppliers finance 39 days of the operating cycle (retail model). Inventory turnover is 229 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 324 days of revenue, i.e. 8.3 M€ to permanently finance. Notable WCR improvement over the period (-29%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (39 transactions). This range of 519 742€ to 1 537 493€ is provided for information purposes only and requires in-depth analysis to be confirmed.