BOVIS MAINTENANCE TRANSFERTS INDUSTRIELS : revenue, balance sheet and financial ratios

In 2025, BOVIS MAINTENANCE TRANSFERTS INDUSTRIELS achieves revenue of 3.9 M€. Activity remains stable over the period (CAGR: -3.1%). Significant drop of -15% vs 2024. After deducting consumption (10 k€), gross margin stands at 3.8 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 448 k€, representing 11.6% of revenue. Warning negative scissor effect: despite revenue change (-15%), EBITDA varies by -52%, reducing margin by 9.2 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 282 k€, i.e. 7.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 19%. 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 33%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 179.68. 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 0.7x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. The company must finance 23 days of gap between collections and payments. Overall, WCR represents 61 days of revenue, i.e. 653 k€ to permanently finance. Notable WCR improvement over the period (-57%), freeing up cash.

Based on 104 transactions of similar company sales (all years), the value of BOVIS MAINTENANCE TRANSFERTS INDUSTRIELS is estimated at 613 433 € (range 372 388€ - 1 802 048€). With an EBITDA of 447 559€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (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.