CENTRALE PHOTOVOLTAIQUE DE MERLE SUD : revenue, balance sheet and financial ratios

CENTRALE PHOTOVOLTAIQUE DE MERLE SUD is a French company founded 15 years ago, specialized in the sector Production d'électricité. Based in BEZIERS (34500), this company of category PME shows in 2024 a revenue of 1.3 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 MERLE SUD (SIREN 528283112)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 306 317 € 1 445 579 € 1 348 981 € 1 359 548 € 1 416 586 € 1 437 330 € 410 237 € N/C N/C
Net income 134 913 € 209 659 € 158 894 € 136 978 € 170 553 € 135 365 € 33 356 € -13 326 € -3 396 €
EBITDA 955 072 € 1 060 968 € 1 029 839 € 1 023 362 € 1 094 513 € 1 067 087 € 314 179 € -22 216 € -3 327 €
Net margin 10.3% 14.5% 11.8% 10.1% 12.0% 9.4% 8.1% N/C N/C

Revenue and income statement

In 2024, CENTRALE PHOTOVOLTAIQUE DE MERLE SUD achieves revenue of 1.3 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +21.3%. Slight decline of -10% vs 2023. After deducting consumption (0 €), gross margin stands at 1.3 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 955 k€, representing 73.1% of 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 135 k€, i.e. 10.3% 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

1 306 317 €

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

1 306 317 €

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

955 072 €

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

397 388 €

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

134 913 €

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

73.1%

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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 2974%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 54.0% 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

2974.203%

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

3.175%

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

53.958%

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

11.016

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

67.7%

Solvency indicators evolution
CENTRALE PHOTOVOLTAIQUE DE MERLE SUD

Sector positioning

Debt ratio
2974.2 2024
2022
2023
2024
Q1: -273.65
Med: 0.0
Q3: 120.96
Average

In 2024, the debt ratio of CENTRALE PHOTOVOLTAIQUE D... (2974.20) 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
3.17% 2024
2022
2023
2024
Q1: -12.1%
Med: 0.32%
Q3: 40.46%
Good +13 pts over 3 years

In 2024, the financial autonomy of CENTRALE PHOTOVOLTAIQUE D... (3.2%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
11.02 years 2024
2022
2023
2024
Q1: -4.9 years
Med: 0.0 years
Q3: 5.63 years
Average

In 2024, the repayment capacity of CENTRALE PHOTOVOLTAIQUE D... (11.02) 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 277.89. 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 22.8x. 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

277.891

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

22.773

Liquidity indicators evolution
CENTRALE PHOTOVOLTAIQUE DE MERLE SUD

Sector positioning

Liquidity ratio
277.89 2024
2022
2023
2024
Q1: 83.26
Med: 273.74
Q3: 870.78
Good

In 2024, the liquidity ratio of CENTRALE PHOTOVOLTAIQUE D... (277.89) 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
22.77x 2024
2022
2023
2024
Q1: -5.49x
Med: 0.0x
Q3: 19.34x
Excellent

In 2024, the interest coverage of CENTRALE PHOTOVOLTAIQUE D... (22.8x) 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: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 134 days. Excellent situation: suppliers finance 105 days of the operating cycle (retail model). Overall, WCR represents 39 days of revenue, i.e. 140 k€ to permanently finance.

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

140 351 €

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

29 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

134 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

39 j

WCR and payment terms evolution
CENTRALE PHOTOVOLTAIQUE DE MERLE SUD

Positioning of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD 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 MERLE SUD is estimated at 1 504 308 € (range 199 901€ - 5 998 082€). With an EBITDA of 955 072€, 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
199k€ 1504k€ 5998k€
1 504 308 € Range: 199 901€ - 5 998 082€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
955 072 € × 2.4x
Estimation 2 310 960 €
253 588€ - 8 671 139€
Revenue Multiple 30%
1 306 317 € × 0.69x
Estimation 903 763 €
177 925€ - 4 586 267€
Net Income Multiple 20%
134 913 € × 2.9x
Estimation 388 501 €
98 649€ - 1 433 166€
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 MERLE SUD with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about CENTRALE PHOTOVOLTAIQUE DE MERLE SUD

What is the revenue of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD ?

The revenue of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD in 2024 is 1.3 M€.

Is CENTRALE PHOTOVOLTAIQUE DE MERLE SUD profitable?

Yes, CENTRALE PHOTOVOLTAIQUE DE MERLE SUD generated a net profit of 135 k€ in 2024.

Where is the headquarters of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD ?

The headquarters of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD is located in BEZIERS (34500), in the department Herault.

Where to find the tax return of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD ?

The tax return of CENTRALE PHOTOVOLTAIQUE DE MERLE SUD 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 MERLE SUD operate?

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