SIREN : 837547785
ARMORICA HOLDINGS is a French company founded 8 years ago, specialized in the sector Activités des sociétés holding. Based in COURBEVOIE (92400), this company of category ETI shows in 2024 a revenue of 12.7 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 12 684 537 € | 15 163 281 € | 14 368 268 € | 10 890 943 € | 6 278 795 € | 3 399 352 € |
| Net income | -17 466 384 € | -12 173 646 € | -13 510 895 € | -2 989 737 € | -3 569 847 € | -220 502 € |
| EBITDA | 15 307 € | 251 814 € | -1 172 789 € | -4 692 016 € | -3 824 291 € | -1 495 557 € |
| Net margin | -137.7% | -80.3% | -94.0% | -27.5% | -56.9% | -6.5% |
In 2024, ARMORICA HOLDINGS achieves revenue of 12.7 M€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +30.1%. Significant drop of -16% vs 2023. After deducting consumption (0 €), gross margin stands at 12.7 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 15 k€, representing 0.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -17.5 M€ (-137.7% of revenue), which will impact equity.
12 684 537 €
12 684 537 €
15 307 €
-598 571 €
-17 466 384 €
0.1%
The debt ratio (= Financial debt / Equity x 100) stands at 2600%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 4%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
2600.133%
3.593%
-132.832%
-15.819
58.5%
In 2024, the debt ratio of ARMORICA HOLDINGS (2600.13) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of ARMORICA HOLDINGS (3.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of ARMORICA HOLDINGS (-15.82) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 313.53. 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 125164.2x. Operating income very largely covers interest expenses: high safety margin.
313.53
125164.226
In 2024, the liquidity ratio of ARMORICA HOLDINGS (313.53) 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.
In 2024, the interest coverage of ARMORICA HOLDINGS (125164.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 226 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 140 days. The gap of 86 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 440 days of revenue, i.e. 15.5 M€ to permanently finance. Over 2019-2024, WCR increased by +407%, requiring additional financing.
15 518 516 €
226 j
140 j
0 j
440 j
Based on 54 transactions of similar company sales
in 2024,
the value of ARMORICA HOLDINGS is estimated at
2 846 875 €
(range 1 750 165€ - 3 409 124€).
With an EBITDA of 15 307€, the sector multiple of 4.8x is applied.
The price/revenue ratio is 0.59x
(in line with sector norms).
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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 54 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ARMORICA HOLDINGS with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of ARMORICA HOLDINGS in 2024 is 12.7 M€.
ARMORICA HOLDINGS recorded a net loss in 2024.
The headquarters of ARMORICA HOLDINGS is located in COURBEVOIE (92400), in the department Hauts-de-Seine.
The tax return of ARMORICA HOLDINGS 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).
ARMORICA HOLDINGS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.