BALT EXTRUSION : revenue, balance sheet and financial ratios

BALT EXTRUSION is a French company founded 47 years ago, specialized in the sector Fabrication de matériel médico-chirurgical et dentaire. Based in MONTMORENCY (95160), this company of category ETI shows in 2023 a revenue of 87.4 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 - BALT EXTRUSION (SIREN 315633081)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 87 393 166 € 133 530 567 € 93 602 590 € 77 172 843 € 70 681 082 € 57 404 917 € 45 331 059 € 41 532 709 €
Net income 16 020 432 € 31 096 636 € 23 203 602 € 20 411 412 € 25 496 829 € 14 989 077 € 9 017 510 € 13 150 048 €
EBITDA 20 661 113 € 46 674 777 € 35 999 646 € 32 043 590 € 32 739 360 € 24 218 941 € 16 903 440 € 21 427 125 €
Net margin 18.3% 23.3% 24.8% 26.4% 36.1% 26.1% 19.9% 31.7%

Revenue and income statement

In 2023, BALT EXTRUSION achieves revenue of 87.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +11.2%. Significant drop of -35% vs 2022. After deducting consumption (31.1 M€), gross margin stands at 56.3 M€, i.e. a rate of 64%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 20.7 M€, representing 23.6% of revenue. Warning negative scissor effect: despite revenue change (-35%), EBITDA varies by -56%, reducing margin by 11.3 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 16.0 M€, i.e. 18.3% of revenue. This profit can be retained or distributed to shareholders.

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

87 393 166 €

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

56 300 561 €

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

20 661 113 €

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

18 610 601 €

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

16 020 432 €

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

23.6%

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Chart evolution

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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 5%. 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 84%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 20.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

4.701%

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

83.626%

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

20.251%

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

0.303

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

45.9%

Solvency indicators evolution
BALT EXTRUSION

Sector positioning

Debt ratio
4.7 2023
2021
2022
2023
Q1: 4.18
Med: 24.48
Q3: 67.8
Good

In 2023, the debt ratio of BALT EXTRUSION (4.70) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
83.63% 2023
2021
2022
2023
Q1: 23.55%
Med: 47.34%
Q3: 66.07%
Excellent

In 2023, the financial autonomy of BALT EXTRUSION (83.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.3 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.51 years
Q3: 2.03 years
Good

In 2023, the repayment capacity of BALT EXTRUSION (0.30) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 760.80. 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 14.9x. Operating income very largely covers interest expenses: high safety margin.

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

760.802

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

14.865

Liquidity indicators evolution
BALT EXTRUSION

Sector positioning

Liquidity ratio
760.8 2023
2021
2022
2023
Q1: 162.69
Med: 252.34
Q3: 416.29
Excellent

In 2023, the liquidity ratio of BALT EXTRUSION (760.80) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
14.87x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.81x
Q3: 4.71x
Excellent

In 2023, the interest coverage of BALT EXTRUSION (14.9x) 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: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 66 days. Favorable situation: supplier credit is longer than customer credit by 9 days. Inventory turnover is 73 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 478 days of revenue, i.e. 116.1 M€ to permanently finance. Over 2016-2023, WCR increased by +317%, 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

116 129 787 €

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

57 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

66 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

73 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

478 j

WCR and payment terms evolution
BALT EXTRUSION

Positioning of BALT EXTRUSION in its sector

Comparison with sector Fabrication de matériel médico-chirurgical et dentaire

Valuation estimate

Based on 57 transactions of similar company sales (all years), the value of BALT EXTRUSION is estimated at 41 937 867 € (range 10 187 044€ - 80 198 322€). With an EBITDA of 20 661 113€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.23x (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
57 tx
10187k€ 41937k€ 80198k€
41 937 867 € Range: 10 187 044€ - 80 198 322€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
20 661 113 € × 2.5x
Estimation 52 466 006 €
10 311 488€ - 97 026 507€
Revenue Multiple 30%
87 393 166 € × 0.23x
Estimation 19 820 803 €
9 211 733€ - 41 471 671€
Net Income Multiple 20%
16 020 432 € × 3.0x
Estimation 48 793 116 €
11 338 902€ - 96 217 839€
How is this estimate calculated?

This estimate is based on the analysis of 57 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 (Fabrication de matériel médico-chirurgical et dentaire)

Compare BALT EXTRUSION with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de matériel médico-chirurgical et dentaire

Frequently asked questions about BALT EXTRUSION

What is the revenue of BALT EXTRUSION ?

The revenue of BALT EXTRUSION in 2023 is 87.4 M€.

Is BALT EXTRUSION profitable?

Yes, BALT EXTRUSION generated a net profit of 16.0 M€ in 2023.

Where is the headquarters of BALT EXTRUSION ?

The headquarters of BALT EXTRUSION is located in MONTMORENCY (95160), in the department Val-d'Oise.

Where to find the tax return of BALT EXTRUSION ?

The tax return of BALT EXTRUSION 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 BALT EXTRUSION operate?

BALT EXTRUSION operates in the sector Fabrication de matériel médico-chirurgical et dentaire (NAF code 32.50A). See the 'Sector positioning' section above to compare the company with its competitors.