ANTARGAZ ENERGIES : revenue, balance sheet and financial ratios

ANTARGAZ ENERGIES is a French company founded 34 years ago, specialized in the sector Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques. Based in COURBEVOIE (92400), this company of category GE shows in 2025 a revenue of 88.6 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

Financial history - ANTARGAZ ENERGIES (SIREN 382151272)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 88 624 246 € 89 090 790 € 91 076 041 € 92 088 313 € 103 765 870 € 101 766 052 € 104 039 625 € 46 831 570 € 69 517 175 € 16 783 333 €
Net income 983 691 € 71 701 € -206 518 € 1 882 866 € 54 161 € 2 583 056 € -2 341 448 € 4 075 462 € -3 750 838 € 383 409 €
EBITDA 380 837 € -1 914 777 € -1 626 913 € -618 146 € 4 034 836 € 1 147 916 € -6 600 948 € -5 170 972 € 17 751 416 € 583 833 €
Net margin 1.1% 0.1% -0.2% 2.0% 0.1% 2.5% -2.3% 8.7% -5.4% 2.3%

Revenue and income statement

In 2025, ANTARGAZ ENERGIES achieves revenue of 88.6 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +20.3%. Slight decline of -1% vs 2024. After deducting consumption (0 €), gross margin stands at 88.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 381 k€, representing 0.4% of revenue. Positive scissor effect: EBITDA margin improves by +2.6 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 984 k€, i.e. 1.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

88 624 246 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

88 624 246 €

EBITDA (2025) ?
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

380 837 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

672 068 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

983 691 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.4%

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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 0%. 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 28%. The balance between equity and debt is satisfactory. Cash flow represents 0.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
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

28.382%

Cash flow / Revenue (2025) ?
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

0.847%

Repayment capacity (2025) ?
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

0.0

Asset age ratio (2025) ?
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

45.3%

Solvency indicators evolution
ANTARGAZ ENERGIES

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.0
Med: 0.86
Q3: 17.46
Excellent

In 2025, the debt ratio of ANTARGAZ ENERGIES (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
28.38% 2025
2023
2024
2025
Q1: 11.88%
Med: 42.72%
Q3: 67.6%
Average

In 2025, the financial autonomy of ANTARGAZ ENERGIES (28.4%) 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
0.0 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 0.16 years
Excellent

In 2025, the repayment capacity of ANTARGAZ ENERGIES (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 137.06. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

137.062

Interest coverage (2025) ?
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

0.0

Liquidity indicators evolution
ANTARGAZ ENERGIES

Sector positioning

Liquidity ratio
137.06 2025
2023
2024
2025
Q1: 100.82
Med: 183.18
Q3: 301.39
Average +11 pts over 3 years

In 2025, the liquidity ratio of ANTARGAZ ENERGIES (137.06) 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
0.0x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.08x
Average

In 2025, the interest coverage of ANTARGAZ ENERGIES (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 39 days. Favorable situation: supplier credit is longer than customer credit by 6 days. Overall, WCR represents 45 days of revenue, i.e. 11.0 M€ to permanently finance. Over 2016-2025, WCR increased by +655%, requiring additional financing.

Operating WCR (2025) ?
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

10 990 293 €

Customer credit (2025) ?
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

33 j

Supplier credit (2025) ?
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

39 j

Inventory turnover (2025) ?
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

0 j

WCR in days of revenue (2025) ?
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

45 j

WCR and payment terms evolution
ANTARGAZ ENERGIES

Positioning of ANTARGAZ ENERGIES in its sector

Comparison with sector Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques

Valuation estimate

Based on 229 transactions of similar company sales (all years), the value of ANTARGAZ ENERGIES is estimated at 9 263 307 € (range 4 281 227€ - 23 469 126€). With an EBITDA of 380 837€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.32x (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.

Estimated enterprise value 2025
229 transactions
4281k€ 9263k€ 23469k€
9 263 307 € Range: 4 281 227€ - 23 469 126€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
380 837 € × 1.6x
Estimation 618 657 €
201 903€ - 2 053 869€
Revenue Multiple 30%
88 624 246 € × 0.32x
Estimation 28 739 654 €
13 475 711€ - 70 314 017€
Net Income Multiple 20%
983 691 € × 1.7x
Estimation 1 660 415 €
687 814€ - 6 739 934€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 229 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 (Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques)

Compare ANTARGAZ ENERGIES with other companies in the same sector:

Voir toutes les statistiques du secteur Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques

Frequently asked questions about ANTARGAZ ENERGIES

What is the revenue of ANTARGAZ ENERGIES ?

The revenue of ANTARGAZ ENERGIES in 2025 is 88.6 M€.

Is ANTARGAZ ENERGIES profitable?

Yes, ANTARGAZ ENERGIES generated a net profit of 984 k€ in 2025.

Where is the headquarters of ANTARGAZ ENERGIES ?

The headquarters of ANTARGAZ ENERGIES is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of ANTARGAZ ENERGIES ?

The tax return of ANTARGAZ ENERGIES 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 ANTARGAZ ENERGIES operate?

ANTARGAZ ENERGIES operates in the sector Autres intermédiaires du commerce en combustibles, métaux, minéraux et produits chimiques (NAF code 46.12B). See the 'Sector positioning' section above to compare the company with its competitors.