AQUITAINE SERVICE ELECTRIQUE : revenue, balance sheet and financial ratios

AQUITAINE SERVICE ELECTRIQUE is a French company founded 54 years ago, specialized in the sector Réparation d'équipements électriques. Based in MERIGNAC (33700), this company of category PME shows in 2024 a revenue of 2.7 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 - AQUITAINE SERVICE ELECTRIQUE (SIREN 472202639)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016
Revenue 2 665 641 € 1 959 911 € 1 317 978 € 1 196 311 € 1 321 050 € 1 314 961 € 1 082 516 € 1 113 135 €
Net income 32 504 € 46 802 € 47 913 € 48 991 € 64 107 € 79 427 € 87 021 € 90 193 €
EBITDA 69 839 € 58 890 € 63 443 € 27 022 € 73 443 € 92 776 € 101 990 € 130 238 €
Net margin 1.2% 2.4% 3.6% 4.1% 4.9% 6.0% 8.0% 8.1%

Revenue and income statement

In 2024, AQUITAINE SERVICE ELECTRIQUE achieves revenue of 2.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.5%. Vs 2022, growth of +36% (2.0 M€ -> 2.7 M€). After deducting consumption (897 k€), gross margin stands at 1.8 M€, i.e. a rate of 66%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 70 k€, representing 2.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 33 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 665 641 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 769 136 €

EBITDA (2024) ?
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

69 839 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

40 919 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

32 504 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.6%

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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 133%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

132.562%

Financial autonomy (2024) ?
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

25.306%

Cash flow / Revenue (2024) ?
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

1.994%

Repayment capacity (2024) ?
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

9.116

Asset age ratio (2024) ?
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

25.7%

Solvency indicators evolution
AQUITAINE SERVICE ELECTRIQUE

Sector positioning

Debt ratio
132.56 2024
2021
2022
2024
Q1: 1.55
Med: 12.48
Q3: 42.35
Watch +42 pts over 3 years

In 2024, the debt ratio of AQUITAINE SERVICE ELECTRIQUE (132.56) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
25.31% 2024
2021
2022
2024
Q1: 28.56%
Med: 46.11%
Q3: 62.28%
Watch -46 pts over 3 years

In 2024, the financial autonomy of AQUITAINE SERVICE ELECTRIQUE (25.3%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
9.12 years 2024
2021
2022
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 1.2 years
Watch +5 pts over 3 years

In 2024, the repayment capacity of AQUITAINE SERVICE ELECTRIQUE (9.12) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 205.80. 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 13.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

205.8

Interest coverage (2024) ?
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

13.309

Liquidity indicators evolution
AQUITAINE SERVICE ELECTRIQUE

Sector positioning

Liquidity ratio
205.8 2024
2021
2022
2024
Q1: 165.12
Med: 227.22
Q3: 307.62
Average -13 pts over 3 years

In 2024, the liquidity ratio of AQUITAINE SERVICE ELECTRIQUE (205.80) 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
13.31x 2024
2021
2022
2024
Q1: 0.0x
Med: 0.62x
Q3: 5.68x
Excellent +22 pts over 3 years

In 2024, the interest coverage of AQUITAINE SERVICE ELECTRIQUE (13.3x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 67 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 57 days. The company must finance 10 days of gap between collections and payments. Inventory turnover is 15 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 53 days of revenue, i.e. 392 k€ to permanently finance. Over 2016-2024, WCR increased by +20%, requiring additional financing.

Operating WCR (2024) ?
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

391 876 €

Customer credit (2024) ?
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

67 j

Supplier credit (2024) ?
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

57 j

Inventory turnover (2024) ?
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

15 j

WCR in days of revenue (2024) ?
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

53 j

WCR and payment terms evolution
AQUITAINE SERVICE ELECTRIQUE

Positioning of AQUITAINE SERVICE ELECTRIQUE in its sector

Comparison with sector Réparation d'équipements électriques

Valuation estimate

Based on 197 transactions of similar company sales (all years), the value of AQUITAINE SERVICE ELECTRIQUE is estimated at 325 444 € (range 146 876€ - 652 290€). With an EBITDA of 69 839€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.28x (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 2024
197 transactions
146k€ 325k€ 652k€
325 444 € Range: 146 876€ - 652 290€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
69 839 € × 2.4x
Estimation 168 872 €
53 782€ - 422 519€
Revenue Multiple 30%
2 665 641 € × 0.28x
Estimation 759 598 €
381 520€ - 1 355 399€
Net Income Multiple 20%
32 504 € × 2.0x
Estimation 65 645 €
27 648€ - 172 057€
How is this estimate calculated?

This estimate is based on the analysis of 197 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 (Réparation d'équipements électriques)

Compare AQUITAINE SERVICE ELECTRIQUE with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation d'équipements électriques

Frequently asked questions about AQUITAINE SERVICE ELECTRIQUE

What is the revenue of AQUITAINE SERVICE ELECTRIQUE ?

The revenue of AQUITAINE SERVICE ELECTRIQUE in 2024 is 2.7 M€.

Is AQUITAINE SERVICE ELECTRIQUE profitable?

Yes, AQUITAINE SERVICE ELECTRIQUE generated a net profit of 33 k€ in 2024.

Where is the headquarters of AQUITAINE SERVICE ELECTRIQUE ?

The headquarters of AQUITAINE SERVICE ELECTRIQUE is located in MERIGNAC (33700), in the department Gironde.

Where to find the tax return of AQUITAINE SERVICE ELECTRIQUE ?

The tax return of AQUITAINE SERVICE ELECTRIQUE 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 AQUITAINE SERVICE ELECTRIQUE operate?

AQUITAINE SERVICE ELECTRIQUE operates in the sector Réparation d'équipements électriques (NAF code 33.14Z). See the 'Sector positioning' section above to compare the company with its competitors.