AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE : revenue, balance sheet and financial ratios

AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE is a French company founded 32 years ago, specialized in the sector Activités spécialisées, scientifiques et techniques diverses. Based in LE PLESSIS-ROBINSON (92350), this company of category PME shows in 2023 a revenue of 9.5 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 - AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE (SIREN 394739031)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 9 483 862 € 4 093 642 € 3 974 720 € 3 441 406 € 3 184 676 € 3 480 253 € 3 243 719 €
Net income -1 858 616 € -115 364 € -59 743 € 71 984 € 179 870 € 289 367 € 347 675 €
EBITDA -684 398 € 95 332 € 176 763 € 391 327 € 99 389 € 433 595 € 486 429 €
Net margin -19.6% -2.8% -1.5% 2.1% 5.6% 8.3% 10.7%

Revenue and income statement

In 2023, AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE achieves revenue of 9.5 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +19.6%. Vs 2022, growth of +132% (4.1 M€ -> 9.5 M€). After deducting consumption (5.8 M€), gross margin stands at 3.7 M€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -684 k€, representing -7.2% of revenue. Warning negative scissor effect: despite revenue change (+132%), EBITDA varies by -818%, reducing margin by 9.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.9 M€ (-19.6% of revenue), which will impact equity.

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

9 483 862 €

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

3 729 908 €

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

-684 398 €

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

-1 927 432 €

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

-1 858 616 €

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

-7.2%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 79%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

78.912%

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

42.694%

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

-5.217%

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

-9.06

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

73.0%

Solvency indicators evolution
AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE

Sector positioning

Debt ratio
78.91 2023
2021
2022
2023
Q1: 0.0
Med: 5.04
Q3: 47.13
Average

In 2023, the debt ratio of AR2I SA ANALYSES, RECHERC... (78.91) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
42.69% 2023
2021
2022
2023
Q1: 4.21%
Med: 32.28%
Q3: 62.31%
Good

In 2023, the financial autonomy of AR2I SA ANALYSES, RECHERC... (42.7%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
-9.06 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.59 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of AR2I SA ANALYSES, RECHERC... (-9.06) 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 134.68. 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

134.676

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

-22.616

Liquidity indicators evolution
AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE

Sector positioning

Liquidity ratio
134.68 2023
2021
2022
2023
Q1: 141.95
Med: 253.16
Q3: 501.55
Average -17 pts over 3 years

In 2023, the liquidity ratio of AR2I SA ANALYSES, RECHERC... (134.68) 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
-22.62x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 0.76x
Average -50 pts over 3 years

In 2023, the interest coverage of AR2I SA ANALYSES, RECHERC... (-22.6x) 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: 90 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 89 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 93 days of revenue, i.e. 2.4 M€ to permanently finance. Over 2017-2023, WCR increased by +147%, requiring additional financing.

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

2 440 198 €

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

90 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

89 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

7 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

93 j

WCR and payment terms evolution
AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE

Positioning of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE in its sector

Comparison with sector Activités spécialisées, scientifiques et techniques diverses

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE is estimated at 3 447 230 € (range 1 131 961€ - 5 832 909€). The price/revenue ratio is 0.36x (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
98 tx
1131k€ 3447k€ 5832k€
3 447 230 € Range: 1 131 961€ - 5 832 909€
NAF 5 all-time

Valuation method used

Revenue Multiple
9 483 862 € × 0.36x = 3 447 231 €
Range: 1 131 961€ - 5 832 909€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Activités spécialisées, scientifiques et techniques diverses)

Compare AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités spécialisées, scientifiques et techniques diverses

Frequently asked questions about AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE

What is the revenue of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE ?

The revenue of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE in 2023 is 9.5 M€.

Is AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE profitable?

AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE recorded a net loss in 2023.

Where is the headquarters of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE ?

The headquarters of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE is located in LE PLESSIS-ROBINSON (92350), in the department Hauts-de-Seine.

Where to find the tax return of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE ?

The tax return of AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE 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 AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE operate?

AR2I SA ANALYSES, RECHERCHES ET INNOVATION INSTRUMENTALE operates in the sector Activités spécialisées, scientifiques et techniques diverses (NAF code 74.90B). See the 'Sector positioning' section above to compare the company with its competitors.