ANGEVIN IMMOBILIER : revenue, balance sheet and financial ratios

In 2025, ANGEVIN IMMOBILIER achieves revenue of 660 k€. Over the period 2022-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +160.2%. Significant drop of -79% vs 2024. After deducting consumption (0 €), gross margin stands at 660 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 7 k€, representing 1.1% of revenue. Warning negative scissor effect: despite revenue change (-79%), EBITDA varies by -95%, reducing margin by 3.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -9 k€ (-1.4% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 302%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 198.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 280.66. 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 68.6x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 356 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 137 days. The gap of 219 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 366 days of revenue, i.e. 671 k€ to permanently finance. Over 2022-2025, WCR increased by +3049%, requiring additional financing.

Based on 117 transactions of similar company sales in 2025, the value of ANGEVIN IMMOBILIER is estimated at 239 756 € (range 114 873€ - 572 398€). With an EBITDA of 7 390€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (in line with sector norms). 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.