CHANGE NANTES ROYALE : revenue, balance sheet and financial ratios

CHANGE NANTES ROYALE is a French company founded 17 years ago, specialized in the sector Courtage de valeurs mobilières et de marchandises. Based in NANTES (44000), this company of category PME shows in 2025 a revenue of 7.4 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 - CHANGE NANTES ROYALE (SIREN 508654563)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 7 352 167 € 8 090 900 € 6 678 101 € 5 187 047 € 1 483 803 € 4 996 656 € 10 401 549 € 8 604 214 € 7 364 415 €
Net income 170 653 € 165 436 € 84 525 € 119 507 € 1 557 424 € 78 468 € 159 017 € 130 636 € 193 898 €
EBITDA 198 721 € 180 172 € 105 742 € 111 118 € -120 632 € 90 588 € 242 361 € 184 172 € 285 758 €
Net margin 2.3% 2.0% 1.3% 2.3% 105.0% 1.6% 1.5% 1.5% 2.6%

Revenue and income statement

In 2025, CHANGE NANTES ROYALE achieves revenue of 7.4 M€. Activity remains stable over the period (CAGR: -0.0%). Slight decline of -9% vs 2024. After deducting consumption (6.6 M€), gross margin stands at 730 k€, i.e. a rate of 10%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 199 k€, representing 2.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 171 k€, i.e. 2.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

7 352 167 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

729 727 €

EBITDA (2025) ?
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

198 721 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

189 124 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

170 653 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.7%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 94%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 2.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
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

94.431%

Cash flow / Revenue (2025) ?
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

2.457%

Repayment capacity (2025) ?
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

0.0

Asset age ratio (2025) ?
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

31.2%

Solvency indicators evolution
CHANGE NANTES ROYALE

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.23
Med: 9.44
Q3: 55.99
Excellent

In 2025, the debt ratio of CHANGE NANTES ROYALE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
94.43% 2025
2023
2024
2025
Q1: 23.05%
Med: 63.51%
Q3: 93.6%
Excellent

In 2025, the financial autonomy of CHANGE NANTES ROYALE (94.4%) 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
0.0 years 2025
2023
2024
2025
Q1: -7.04 years
Med: 0.01 years
Q3: 2.31 years
Good

In 2025, the repayment capacity of CHANGE NANTES ROYALE (0.00) 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 1623.47. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

1623.47

Interest coverage (2025) ?
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

0.0

Liquidity indicators evolution
CHANGE NANTES ROYALE

Sector positioning

Liquidity ratio
1623.47 2025
2023
2024
2025
Q1: 143.08
Med: 507.51
Q3: 5798.43
Good

In 2025, the liquidity ratio of CHANGE NANTES ROYALE (1623.47) 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
0.0x 2025
2023
2024
2025
Q1: -162.53x
Med: -1.2x
Q3: 0.0x
Excellent

In 2025, the interest coverage of CHANGE NANTES ROYALE (0.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1 days. Favorable situation: supplier credit is longer than customer credit by 1 days. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 30 days of revenue, i.e. 604 k€ to permanently finance. Over 2016-2025, WCR increased by +280%, requiring additional financing.

Operating WCR (2025) ?
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

604 128 €

Customer credit (2025) ?
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

0 j

Supplier credit (2025) ?
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

1 j

Inventory turnover (2025) ?
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

14 j

WCR in days of revenue (2025) ?
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

30 j

WCR and payment terms evolution
CHANGE NANTES ROYALE

Positioning of CHANGE NANTES ROYALE in its sector

Comparison with sector Courtage de valeurs mobilières et de marchandises

Valuation estimate

Based on 109 transactions of similar company sales (all years), the value of CHANGE NANTES ROYALE is estimated at 1 066 949 € (range 475 944€ - 2 444 399€). With an EBITDA of 198 721€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.30x (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.

Estimated enterprise value 2025
109 transactions
475k€ 1066k€ 2444k€
1 066 949 € Range: 475 944€ - 2 444 399€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
198 721 € × 2.9x
Estimation 582 082 €
228 138€ - 973 278€
Revenue Multiple 30%
7 352 167 € × 0.30x
Estimation 2 205 658 €
1 091 391€ - 5 547 172€
Net Income Multiple 20%
170 653 € × 3.3x
Estimation 571 054 €
172 290€ - 1 468 046€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 109 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 (Courtage de valeurs mobilières et de marchandises)

Compare CHANGE NANTES ROYALE with other companies in the same sector:

Voir toutes les statistiques du secteur Courtage de valeurs mobilières et de marchandises

Frequently asked questions about CHANGE NANTES ROYALE

What is the revenue of CHANGE NANTES ROYALE ?

The revenue of CHANGE NANTES ROYALE in 2025 is 7.4 M€.

Is CHANGE NANTES ROYALE profitable?

Yes, CHANGE NANTES ROYALE generated a net profit of 171 k€ in 2025.

Where is the headquarters of CHANGE NANTES ROYALE ?

The headquarters of CHANGE NANTES ROYALE is located in NANTES (44000), in the department Loire-Atlantique.

Where to find the tax return of CHANGE NANTES ROYALE ?

The tax return of CHANGE NANTES ROYALE 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 CHANGE NANTES ROYALE operate?

CHANGE NANTES ROYALE operates in the sector Courtage de valeurs mobilières et de marchandises (NAF code 66.12Z). See the 'Sector positioning' section above to compare the company with its competitors.