COMBES : revenue, balance sheet and financial ratios

COMBES is a French company founded 37 years ago, specialized in the sector Fabrication de structures métalliques et de parties de structures. Based in FRONTENAS (69620), this company of category PME shows in 2023 a revenue of 4.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - COMBES (SIREN 347699803)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue N/C 4 385 144 € 4 201 418 € 3 879 396 € 3 646 736 € 4 368 611 € N/C N/C
Net income 52 624 € 125 008 € 97 208 € 453 € 22 831 € 103 017 € 61 684 € 129 959 €
EBITDA N/C 236 476 € 139 994 € -78 392 € 47 932 € 32 508 € N/C N/C
Net margin N/C 2.9% 2.3% 0.0% 0.6% 2.4% N/C N/C

Revenue and income statement

In 2024, COMBES generates positive net income of 53 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2017-2024: 130 k€ -> 53 k€.

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

52 624 €

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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 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

32.433%

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

18.425%

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

31.6%

Solvency indicators evolution
COMBES

Sector positioning

Debt ratio
32.43 2024
2022
2023
2024
Q1: 6.09
Med: 21.51
Q3: 63.7
Average -18 pts over 3 years

In 2024, the debt ratio of COMBES (32.43) 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
18.43% 2024
2022
2023
2024
Q1: 26.6%
Med: 45.7%
Q3: 61.62%
Watch

In 2024, the financial autonomy of COMBES (18.4%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
1.13 years 2023
2022
2023
Q1: 0.04 years
Med: 0.85 years
Q3: 2.26 years
Average -20 pts over 2 years

In 2023, the repayment capacity of COMBES (1.13) 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 233.87. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

233.873

Liquidity indicators evolution
COMBES

Sector positioning

Liquidity ratio
233.87 2024
2022
2023
2024
Q1: 168.06
Med: 241.37
Q3: 341.13
Average +11 pts over 3 years

In 2024, the liquidity ratio of COMBES (233.87) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
17.45x 2023
2022
2023
Q1: 0.07x
Med: 1.31x
Q3: 4.95x
Excellent

In 2023, the interest coverage of COMBES (17.4x) 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.

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

0 €

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

0 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

0 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 and payment terms evolution
COMBES

Positioning of COMBES in its sector

Comparison with sector Fabrication de structures métalliques et de parties de structures

Valuation estimate

Based on 56 transactions of similar company sales (all years), the value of COMBES is estimated at 100 786 € (range 73 272€ - 368 773€). 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
56 tx
73k€ 100k€ 368k€
100 786 € Range: 73 272€ - 368 773€
NAF 5 all-time

Valuation method used

Net Income Multiple
52 624 € × 1.9x = 100 786 €
Range: 73 272€ - 368 774€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 56 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 (Fabrication de structures métalliques et de parties de structures)

Compare COMBES with other companies in the same sector:

Frequently asked questions about COMBES

What is the revenue of COMBES ?

The revenue of COMBES in 2023 is 4.4 M€.

Is COMBES profitable?

Yes, COMBES generated a net profit of 53 k€ in 2024.

Where is the headquarters of COMBES ?

The headquarters of COMBES is located in FRONTENAS (69620), in the department Rhone.

Where to find the tax return of COMBES ?

The tax return of COMBES 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 COMBES operate?

COMBES operates in the sector Fabrication de structures métalliques et de parties de structures (NAF code 25.11Z). See the 'Sector positioning' section above to compare the company with its competitors.