ASSISTANCE ET TRAVAUX POUR L'INDUSTRIE ET LES COLLECTIVITES : revenue, balance sheet and financial ratios

In 2023, ASSISTANCE ET TRAVAUX POUR L'INDUSTRIE ET LES COLLECTIVITES achieves revenue of 11.7 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.3%. Vs 2020, growth of +32% (8.9 M€ -> 11.7 M€). After deducting consumption (896 k€), gross margin stands at 10.8 M€, i.e. a rate of 92%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 17.1% of revenue. Warning negative scissor effect: despite revenue change (+32%), EBITDA varies by +13%, reducing margin by 3.0 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 1.1 M€, i.e. 9.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 17%. 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 60%. 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 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.9% 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 166.05. 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 1.8x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 71 days. Excellent situation: suppliers finance 71 days of the operating cycle (retail model). Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 81 days of revenue, i.e. 2.6 M€ to permanently finance. Over 2016-2023, WCR increased by +41%, requiring additional financing.

Based on 84 transactions of similar company sales (all years), the value of ASSISTANCE ET TRAVAUX POUR L'INDUSTRIE ET LES COLLECTIVITES is estimated at 3 663 650 € (range 989 543€ - 12 378 380€). With an EBITDA of 2 010 453€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.11x (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.