CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 : revenue, balance sheet and financial ratios

CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 is a French company founded 15 years ago, specialized in the sector Production d'électricité. Based in NANTERRE (92000), this company of category GE shows in 2024 a revenue of 8.9 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 - CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 (SIREN 523964070)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 8 920 819 € 7 516 164 € 6 476 301 € 7 436 818 € 8 482 306 € 8 366 054 € 8 416 464 € 7 892 586 € 7 575 653 €
Net income 3 603 190 € 7 334 437 € -2 506 202 € 1 879 321 € 2 473 930 € 2 118 641 € 1 591 376 € 1 035 776 € 13 165 €
EBITDA 7 837 113 € 6 325 423 € 5 334 689 € 6 228 774 € 7 371 381 € 7 350 733 € 7 027 066 € 5 758 729 € 5 986 513 €
Net margin 40.4% 97.6% -38.7% 25.3% 29.2% 25.3% 18.9% 13.1% 0.2%

Revenue and income statement

In 2024, CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 achieves revenue of 8.9 M€. Revenue is growing positively over 9 years (CAGR: +2.1%). Vs 2023, growth of +19% (7.5 M€ -> 8.9 M€). After deducting consumption (0 €), gross margin stands at 8.9 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 7.8 M€, representing 87.9% of revenue. Positive scissor effect: EBITDA margin improves by +3.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.6 M€, i.e. 40.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 920 819 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

8 920 819 €

EBITDA (2024) ?
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

7 837 113 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

5 156 220 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

3 603 190 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

87.9%

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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 100%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 48%. 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 3.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 65.6% 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 (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

100.134%

Financial autonomy (2024) ?
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

48.357%

Cash flow / Revenue (2024) ?
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

65.58%

Repayment capacity (2024) ?
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

3.376

Asset age ratio (2024) ?
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

51.7%

Solvency indicators evolution
CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2

Sector positioning

Debt ratio
100.13 2024
2022
2023
2024
Q1: -273.65
Med: 0.0
Q3: 120.96
Average

In 2024, the debt ratio of CENTRALE PHOTOVOLTAIQUE D... (100.13) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
48.36% 2024
2022
2023
2024
Q1: -12.1%
Med: 0.32%
Q3: 40.46%
Excellent +11 pts over 3 years

In 2024, the financial autonomy of CENTRALE PHOTOVOLTAIQUE D... (48.4%) 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
3.38 years 2024
2022
2023
2024
Q1: -4.9 years
Med: 0.0 years
Q3: 5.63 years
Average -9 pts over 3 years

In 2024, the repayment capacity of CENTRALE PHOTOVOLTAIQUE D... (3.38) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 542.28. 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 20.4x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

542.285

Interest coverage (2024) ?
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

20.408

Liquidity indicators evolution
CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2

Sector positioning

Liquidity ratio
542.28 2024
2022
2023
2024
Q1: 83.26
Med: 273.74
Q3: 870.78
Good +6 pts over 3 years

In 2024, the liquidity ratio of CENTRALE PHOTOVOLTAIQUE D... (542.28) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
20.41x 2024
2022
2023
2024
Q1: -5.49x
Med: 0.0x
Q3: 19.34x
Excellent

In 2024, the interest coverage of CENTRALE PHOTOVOLTAIQUE D... (20.4x) 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The company must finance 2 days of gap between collections and payments. WCR is negative (-325 days): operations structurally generate cash. Notable WCR improvement over the period (-29%), freeing up cash.

Operating WCR (2024) ?
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

-8 049 879 €

Customer credit (2024) ?
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

35 j

Supplier credit (2024) ?
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

33 j

Inventory turnover (2024) ?
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

0 j

WCR in days of revenue (2024) ?
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

-325 j

WCR and payment terms evolution
CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2

Positioning of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 is estimated at 13 408 327 € (range 1 931 895€ - 52 627 860€). With an EBITDA of 7 837 113€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.

Estimated enterprise value 2024
85 tx
1931k€ 13408k€ 52627k€
13 408 327 € Range: 1 931 895€ - 52 627 860€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
7 837 113 € × 2.4x
Estimation 18 963 232 €
2 080 891€ - 71 153 478€
Revenue Multiple 30%
8 920 819 € × 0.69x
Estimation 6 171 783 €
1 215 049€ - 31 319 549€
Net Income Multiple 20%
3 603 190 € × 2.9x
Estimation 10 375 882 €
2 634 676€ - 38 276 282€
How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Production d'électricité)

Compare CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2

What is the revenue of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 ?

The revenue of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 in 2024 is 8.9 M€.

Is CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 profitable?

Yes, CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 generated a net profit of 3.6 M€ in 2024.

Where is the headquarters of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 ?

The headquarters of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 is located in NANTERRE (92000), in the department Hauts-de-Seine.

Where to find the tax return of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 ?

The tax return of CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 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 CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 operate?

CENTRALE PHOTOVOLTAIQUE DE MASSANGIS 2 operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.