CONTROLE MECANIQUE ET ELECTRONIQUE : revenue, balance sheet and financial ratios

In 2024, CONTROLE MECANIQUE ET ELECTRONIQUE achieves revenue of 72 k€. Revenue is declining over the period 2016-2024 (CAGR: -22.1%). Significant drop of -32% vs 2023. After deducting consumption (58 k€), gross margin stands at 14 k€, i.e. a rate of 20%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -5 k€, representing -6.8% of revenue. Warning negative scissor effect: despite revenue change (-32%), EBITDA varies by -293%, reducing margin by 9.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 70 €, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

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 71%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

The liquidity ratio (= Current assets / Current liabilities) stands at 340.56. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 106 days. Excellent situation: suppliers finance 50 days of the operating cycle (retail model). Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 118 days of revenue, i.e. 24 k€ to permanently finance. Notable WCR improvement over the period (-59%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (41 transactions). This range of 3 905€ to 30 972€ is provided for information purposes only and requires in-depth analysis to be confirmed.