APPLICATION TECHNIQ CHAUFFAGE INDUCTION : revenue, balance sheet and financial ratios

In 2025, APPLICATION TECHNIQ CHAUFFAGE INDUCTION achieves revenue of 678 k€. Activity remains stable over the period (CAGR: -1.3%). Vs 2024, growth of +14% (594 k€ -> 678 k€). After deducting consumption (303 k€), gross margin stands at 375 k€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 182 k€, representing 26.8% of revenue. Warning negative scissor effect: despite revenue change (+14%), EBITDA varies by -29%, reducing margin by 16.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 215 k€, i.e. 31.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 4%. 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 78%. 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 20.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 504.66. 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 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 142 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. The gap of 98 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 68 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 210 days of revenue, i.e. 396 k€ to permanently finance. Over 2017-2025, WCR increased by +93%, requiring additional financing.

Based on 61 transactions of similar company sales (all years), the value of APPLICATION TECHNIQ CHAUFFAGE INDUCTION is estimated at 424 254 € (range 138 418€ - 640 806€). With an EBITDA of 181 986€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.25x (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.