COMASEC : revenue, balance sheet and financial ratios

COMASEC is a French company founded 52 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures. Based in CERGY (95800), this company of category ETI shows in 2025 a revenue of 53.6 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 - COMASEC (SIREN 582111571)
Indicator 2025 2024 2023 2022 2021 2020 2019 2017 2016
Revenue 53 626 009 € 51 062 472 € 48 744 333 € 52 981 528 € 57 221 597 € 45 676 136 € 44 895 234 € 43 091 494 € 44 816 630 €
Net income 12 112 557 € 2 068 383 € 1 598 893 € 1 355 624 € 3 404 666 € 1 369 962 € 2 654 634 € 5 471 830 € 5 973 314 €
EBITDA 1 994 703 € 1 647 301 € 1 180 035 € 1 359 743 € 2 444 501 € 1 511 970 € 2 612 € -255 776 € 3 218 884 €
Net margin 22.6% 4.1% 3.3% 2.6% 5.9% 3.0% 5.9% 12.7% 13.3%

Revenue and income statement

In 2025, COMASEC achieves revenue of 53.6 M€. Revenue is growing positively over 9 years (CAGR: +2.0%). Vs 2024: +5%. After deducting consumption (45.8 M€), gross margin stands at 7.8 M€, i.e. a rate of 15%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 3.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12.1 M€, i.e. 22.6% 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

53 626 009 €

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

7 840 047 €

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

1 994 703 €

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

2 072 709 €

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

12 112 557 €

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

3.7%

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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 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 76%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 22.4% 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 (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

76.398%

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

22.409%

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

Solvency indicators evolution
COMASEC

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.05
Med: 9.73
Q3: 41.76
Excellent

In 2025, the debt ratio of COMASEC (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
76.4% 2025
2023
2024
2025
Q1: 10.16%
Med: 37.48%
Q3: 63.03%
Excellent +8 pts over 3 years

In 2025, the financial autonomy of COMASEC (76.4%) 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: 0.0 years
Med: 0.01 years
Q3: 1.92 years
Excellent

In 2025, the repayment capacity of COMASEC (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 308.78. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

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

308.782

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

0.071

Liquidity indicators evolution
COMASEC

Sector positioning

Liquidity ratio
308.78 2025
2023
2024
2025
Q1: 128.79
Med: 214.38
Q3: 394.35
Good +44 pts over 3 years

In 2025, the liquidity ratio of COMASEC (308.78) 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
0.07x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 4.67x
Good

In 2025, the interest coverage of COMASEC (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The company must finance 17 days of gap between collections and payments. Overall, WCR represents 128 days of revenue, i.e. 19.1 M€ to permanently finance. Over 2016-2025, WCR increased by +517%, 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

19 082 815 €

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

50 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

33 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

0 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

128 j

WCR and payment terms evolution
COMASEC

Positioning of COMASEC in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Valuation estimate

Based on 124 transactions of similar company sales (all years), the value of COMASEC is estimated at 10 762 129 € (range 3 907 580€ - 22 900 111€). With an EBITDA of 1 994 703€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.17x (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
124 transactions
3907k€ 10762k€ 22900k€
10 762 129 € Range: 3 907 580€ - 22 900 111€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
1 994 703 € × 2.4x
Estimation 4 830 708 €
1 986 590€ - 9 995 159€
Revenue Multiple 30%
53 626 009 € × 0.17x
Estimation 9 333 236 €
4 801 722€ - 26 876 414€
Net Income Multiple 20%
12 112 557 € × 2.3x
Estimation 27 734 023 €
7 368 848€ - 49 198 038€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 124 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 (Commerce de gros (commerce interentreprises) d'habillement et de chaussures)

Compare COMASEC with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Frequently asked questions about COMASEC

What is the revenue of COMASEC ?

The revenue of COMASEC in 2025 is 53.6 M€.

Is COMASEC profitable?

Yes, COMASEC generated a net profit of 12.1 M€ in 2025.

Where is the headquarters of COMASEC ?

The headquarters of COMASEC is located in CERGY (95800), in the department Val-d'Oise.

Where to find the tax return of COMASEC ?

The tax return of COMASEC 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 COMASEC operate?

COMASEC operates in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures (NAF code 46.42Z). See the 'Sector positioning' section above to compare the company with its competitors.