COMBRONDE LOGISTIQUE : revenue, balance sheet and financial ratios

COMBRONDE LOGISTIQUE is a French company founded 28 years ago, specialized in the sector Autre mise à disposition de ressources humaines. Based in THIERS (63300), this company of category ETI shows in 2024 a revenue of 28.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - COMBRONDE LOGISTIQUE (SIREN 418121018)
Indicator 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 28 886 524 € 26 999 068 € 27 943 532 € 19 469 402 € 16 272 856 € 18 746 685 € 16 131 694 € 10 248 317 €
Net income 2 526 416 € 1 476 601 € 680 353 € 702 611 € 341 818 € 449 269 € 85 262 € 343 765 €
EBITDA 5 288 369 € 3 937 825 € 2 112 435 € 1 609 253 € 1 337 908 € 667 045 € 496 413 € 232 686 €
Net margin 8.7% 5.5% 2.4% 3.6% 2.1% 2.4% 0.5% 3.4%

Revenue and income statement

In 2024, COMBRONDE LOGISTIQUE achieves revenue of 28.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.8%. Vs 2023: +7%. After deducting consumption (1.5 M€), gross margin stands at 27.4 M€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.3 M€, representing 18.3% 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 2.5 M€, i.e. 8.7% 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

28 886 524 €

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

27 431 191 €

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

5 288 369 €

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

3 477 571 €

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

2 526 416 €

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

18.3%

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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 124%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 13.5% 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

123.582%

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

34.327%

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

13.453%

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

3.53

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

60.7%

Solvency indicators evolution
COMBRONDE LOGISTIQUE

Sector positioning

Debt ratio
123.58 2024
2022
2023
2024
Q1: 0.0
Med: 2.38
Q3: 53.3
Average

In 2024, the debt ratio of COMBRONDE LOGISTIQUE (123.58) 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
34.33% 2024
2022
2023
2024
Q1: 3.94%
Med: 31.14%
Q3: 59.88%
Good +11 pts over 3 years

In 2024, the financial autonomy of COMBRONDE LOGISTIQUE (34.3%) 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
3.53 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.77 years
Watch

In 2024, the repayment capacity of COMBRONDE LOGISTIQUE (3.53) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 107.93. 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 2.7x. Financial charges are adequately covered by operations.

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

107.926

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

2.676

Liquidity indicators evolution
COMBRONDE LOGISTIQUE

Sector positioning

Liquidity ratio
107.93 2024
2022
2023
2024
Q1: 114.01
Med: 176.4
Q3: 364.25
Watch

In 2024, the liquidity ratio of COMBRONDE LOGISTIQUE (107.93) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
2.68x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.85x
Excellent

In 2024, the interest coverage of COMBRONDE LOGISTIQUE (2.7x) 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: 40 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. The company must finance 2 days of gap between collections and payments. WCR is negative (-28 days): operations structurally generate cash. Notable WCR improvement over the period (-158%), 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

-2 247 083 €

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

40 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

38 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

-28 j

WCR and payment terms evolution
COMBRONDE LOGISTIQUE

Positioning of COMBRONDE LOGISTIQUE in its sector

Comparison with sector Autre mise à disposition de ressources humaines

Valuation estimate

Based on 147 transactions of similar company sales (all years), the value of COMBRONDE LOGISTIQUE is estimated at 7 029 641 € (range 3 577 376€ - 15 560 252€). With an EBITDA of 5 288 369€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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 2024
147 transactions
3577k€ 7029k€ 15560k€
7 029 641 € Range: 3 577 376€ - 15 560 252€
Section all-time Aggregated at NAF section level

Valuation detail by method

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EBITDA Multiple 50%
5 288 369 € × 2.0x
Estimation 10 754 028 €
5 187 866€ - 23 135 494€
Revenue Multiple 30%
28 886 524 € × 0.08x
Estimation 2 313 016 €
1 744 231€ - 3 972 948€
Net Income Multiple 20%
2 526 416 € × 1.9x
Estimation 4 793 615 €
2 300 871€ - 14 003 106€
How is this estimate calculated?

This estimate is based on the analysis of 147 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 (Autre mise à disposition de ressources humaines)

Compare COMBRONDE LOGISTIQUE with other companies in the same sector:

Voir toutes les statistiques du secteur Autre mise à disposition de ressources humaines

Frequently asked questions about COMBRONDE LOGISTIQUE

What is the revenue of COMBRONDE LOGISTIQUE ?

The revenue of COMBRONDE LOGISTIQUE in 2024 is 28.9 M€.

Is COMBRONDE LOGISTIQUE profitable?

Yes, COMBRONDE LOGISTIQUE generated a net profit of 2.5 M€ in 2024.

Where is the headquarters of COMBRONDE LOGISTIQUE ?

The headquarters of COMBRONDE LOGISTIQUE is located in THIERS (63300), in the department Puy-de-Dome.

Where to find the tax return of COMBRONDE LOGISTIQUE ?

The tax return of COMBRONDE LOGISTIQUE 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 COMBRONDE LOGISTIQUE operate?

COMBRONDE LOGISTIQUE operates in the sector Autre mise à disposition de ressources humaines (NAF code 78.30Z). See the 'Sector positioning' section above to compare the company with its competitors.