APPLICATION PLASTIQUE REGIONALE 2 : revenue, balance sheet and financial ratios

APPLICATION PLASTIQUE REGIONALE 2 is a French company founded 34 years ago, specialized in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques. Based in SAINT-MARTIN-DE-SEIGNANX (40390), this company of category PME shows in 2023 a revenue of 1.2 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 - APPLICATION PLASTIQUE REGIONALE 2 (SIREN 383469483)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 190 764 € 1 250 353 € N/C 963 914 € 994 544 € N/C N/C N/C
Net income 68 408 € 97 305 € 61 363 € 8 216 € 25 729 € -35 802 € 80 709 € 57 919 €
EBITDA 90 585 € 133 206 € N/C 27 276 € 46 898 € N/C N/C N/C
Net margin 5.7% 7.8% N/C 0.9% 2.6% N/C N/C N/C

Revenue and income statement

In 2023, APPLICATION PLASTIQUE REGIONALE 2 achieves revenue of 1.2 M€. Revenue is growing positively over 8 years (CAGR: +4.6%). Slight decline of -5% vs 2022. After deducting consumption (368 k€), gross margin stands at 822 k€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 91 k€, representing 7.6% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -32%, reducing margin by 3.0 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 68 k€, i.e. 5.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 190 764 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

822 284 €

EBITDA (2023) ?
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

90 585 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

107 836 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

68 408 €

EBITDA margin (2023) ?
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

The debt ratio (= Financial debt / Equity x 100) stands at 2%. 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 75%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.54%

Financial autonomy (2023) ?
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

74.563%

Cash flow / Revenue (2023) ?
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

4.204%

Repayment capacity (2023) ?
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

0.191

Asset age ratio (2023) ?
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

11.0%

Solvency indicators evolution
APPLICATION PLASTIQUE REGIONALE 2

Sector positioning

Debt ratio
1.54 2023
2021
2022
2023
Q1: 0.5
Med: 19.96
Q3: 57.55
Good

In 2023, the debt ratio of APPLICATION PLASTIQUE REG... (1.54) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
74.56% 2023
2021
2022
2023
Q1: 34.96%
Med: 53.24%
Q3: 67.84%
Excellent -6 pts over 3 years

In 2023, the financial autonomy of APPLICATION PLASTIQUE REG... (74.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.19 years 2023
2022
2023
Q1: 0.0 years
Med: 0.41 years
Q3: 1.98 years
Good +11 pts over 2 years

In 2023, the repayment capacity of APPLICATION PLASTIQUE REG... (0.19) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 377.03. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

377.029

Interest coverage (2023) ?
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
APPLICATION PLASTIQUE REGIONALE 2

Sector positioning

Liquidity ratio
377.03 2023
2021
2022
2023
Q1: 167.05
Med: 245.59
Q3: 397.94
Good

In 2023, the liquidity ratio of APPLICATION PLASTIQUE REG... (377.03) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
0.0x 2023
2022
2023
Q1: 0.04x
Med: 2.58x
Q3: 9.93x
Average

In 2023, the interest coverage of APPLICATION PLASTIQUE REG... (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: 69 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. The company must finance 24 days of gap between collections and payments. Inventory turnover is 36 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 81 days of revenue, i.e. 269 k€ to permanently finance.

Operating WCR (2023) ?
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

268 732 €

Customer credit (2023) ?
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

69 j

Supplier credit (2023) ?
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

45 j

Inventory turnover (2023) ?
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

36 j

WCR in days of revenue (2023) ?
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

81 j

WCR and payment terms evolution
APPLICATION PLASTIQUE REGIONALE 2

Positioning of APPLICATION PLASTIQUE REGIONALE 2 in its sector

Comparison with sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of APPLICATION PLASTIQUE REGIONALE 2 is estimated at 153 587 € (range 64 923€ - 317 697€). With an EBITDA of 90 585€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (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 2023
76 tx
64k€ 153k€ 317k€
153 587 € Range: 64 923€ - 317 697€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
90 585 € × 1.3x
Estimation 114 397 €
45 631€ - 253 988€
Revenue Multiple 30%
1 190 764 € × 0.20x
Estimation 242 257 €
115 811€ - 326 019€
Net Income Multiple 20%
68 408 € × 1.7x
Estimation 118 560 €
36 824€ - 464 492€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication de plaques, feuilles, tubes et profilés en matières plastiques)

Compare APPLICATION PLASTIQUE REGIONALE 2 with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Frequently asked questions about APPLICATION PLASTIQUE REGIONALE 2

What is the revenue of APPLICATION PLASTIQUE REGIONALE 2 ?

The revenue of APPLICATION PLASTIQUE REGIONALE 2 in 2023 is 1.2 M€.

Is APPLICATION PLASTIQUE REGIONALE 2 profitable?

Yes, APPLICATION PLASTIQUE REGIONALE 2 generated a net profit of 68 k€ in 2023.

Where is the headquarters of APPLICATION PLASTIQUE REGIONALE 2 ?

The headquarters of APPLICATION PLASTIQUE REGIONALE 2 is located in SAINT-MARTIN-DE-SEIGNANX (40390), in the department Landes.

Where to find the tax return of APPLICATION PLASTIQUE REGIONALE 2 ?

The tax return of APPLICATION PLASTIQUE REGIONALE 2 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 APPLICATION PLASTIQUE REGIONALE 2 operate?

APPLICATION PLASTIQUE REGIONALE 2 operates in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques (NAF code 22.21Z). See the 'Sector positioning' section above to compare the company with its competitors.