COMMAND-SMFI : revenue, balance sheet and financial ratios

COMMAND-SMFI is a French company founded 6 years ago, specialized in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier . Based in COSNE-COURS-SUR-LOIRE (58200), this company of category PME shows in 2024 a revenue of 7.3 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 - COMMAND-SMFI (SIREN 880515994)
Indicator 2024 2023 2022 2021
Revenue 7 263 329 € 5 867 260 € 4 480 341 € 16 015 159 €
Net income 411 920 € 449 562 € 407 274 € -35 317 €
EBITDA 491 962 € 475 497 € 387 550 € -103 565 €
Net margin 5.7% 7.7% 9.1% -0.2%

Revenue and income statement

In 2024, COMMAND-SMFI achieves revenue of 7.3 M€. Revenue is declining over the period 2021-2024 (CAGR: -23.2%). Vs 2023, growth of +24% (5.9 M€ -> 7.3 M€). After deducting consumption (1.8 M€), gross margin stands at 5.4 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 492 k€, representing 6.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 412 k€, i.e. 5.7% 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

7 263 329 €

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

5 414 092 €

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

491 962 €

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

536 139 €

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

411 920 €

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

6.8%

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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 80%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

80.2%

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

35.142%

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

4.942%

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

2.979

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

71.9%

Solvency indicators evolution
COMMAND-SMFI

Sector positioning

Debt ratio
80.2 2024
2022
2023
2024
Q1: 0.03
Med: 13.65
Q3: 57.82
Watch

In 2024, the debt ratio of COMMAND-SMFI (80.20) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
35.14% 2024
2022
2023
2024
Q1: 13.28%
Med: 44.95%
Q3: 59.44%
Average +17 pts over 3 years

In 2024, the financial autonomy of COMMAND-SMFI (35.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.98 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.16 years
Q3: 1.83 years
Watch

In 2024, the repayment capacity of COMMAND-SMFI (2.98) 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 269.23. 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 14.8x. 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

269.233

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

14.788

Liquidity indicators evolution
COMMAND-SMFI

Sector positioning

Liquidity ratio
269.23 2024
2022
2023
2024
Q1: 149.97
Med: 231.36
Q3: 292.15
Good +22 pts over 3 years

In 2024, the liquidity ratio of COMMAND-SMFI (269.23) 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
14.79x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.07x
Q3: 7.63x
Excellent

In 2024, the interest coverage of COMMAND-SMFI (14.8x) 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: 77 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The company must finance 18 days of gap between collections and payments. Inventory turnover is 48 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 133 days of revenue, i.e. 2.7 M€ to permanently finance. Over 2021-2024, WCR increased by +1691%, requiring additional financing.

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

2 690 700 €

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

77 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

59 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

48 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

133 j

WCR and payment terms evolution
COMMAND-SMFI

Positioning of COMMAND-SMFI in its sector

Comparison with sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Similar companies (Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier )

Compare COMMAND-SMFI with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Frequently asked questions about COMMAND-SMFI

What is the revenue of COMMAND-SMFI ?

The revenue of COMMAND-SMFI in 2024 is 7.3 M€.

Is COMMAND-SMFI profitable?

Yes, COMMAND-SMFI generated a net profit of 412 k€ in 2024.

Where is the headquarters of COMMAND-SMFI ?

The headquarters of COMMAND-SMFI is located in COSNE-COURS-SUR-LOIRE (58200), in the department Nievre.

Where to find the tax return of COMMAND-SMFI ?

The tax return of COMMAND-SMFI 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 COMMAND-SMFI operate?

COMMAND-SMFI operates in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (NAF code 24.20Z). See the 'Sector positioning' section above to compare the company with its competitors.