COSMETIC RESEARCH GROUP : revenue, balance sheet and financial ratios

COSMETIC RESEARCH GROUP is a French company founded 32 years ago, specialized in the sector Fabrication de parfums et de produits pour la toilette. Based in CARROS (06510), this company of category PME shows in 2025 a revenue of 4.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - COSMETIC RESEARCH GROUP (SIREN 392952271)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 4 010 044 € 4 370 134 € 4 051 059 € 3 951 909 € 3 330 487 € 3 354 871 € 3 277 568 € 3 439 865 € 4 080 235 €
Net income -251 584 € 187 885 € 124 537 € -98 333 € 132 310 € 101 380 € 109 300 € 201 151 € 241 047 €
EBITDA -182 551 € 360 695 € 302 627 € 48 270 € 329 079 € 255 930 € 215 653 € 448 675 € 429 202 €
Net margin -6.3% 4.3% 3.1% -2.5% 4.0% 3.0% 3.3% 5.8% 5.9%

Revenue and income statement

In 2025, COSMETIC RESEARCH GROUP achieves revenue of 4.0 M€. Activity remains stable over the period (CAGR: -0.2%). Slight decline of -8% vs 2024. After deducting consumption (2.1 M€), gross margin stands at 1.9 M€, i.e. a rate of 46%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -183 k€, representing -4.6% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -151%, reducing margin by 12.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -252 k€ (-6.3% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 010 044 €

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

1 863 965 €

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

-182 551 €

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

-236 316 €

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

-251 584 €

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

-4.5%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 75%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 31%. The balance between equity and debt is satisfactory.

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

75.069%

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

31.299%

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

-5.052%

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

-4.091

Asset age ratio (2025) ?
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

11.7%

Solvency indicators evolution
COSMETIC RESEARCH GROUP

Sector positioning

Debt ratio
75.07 2025
2023
2024
2025
Q1: 4.59
Med: 24.18
Q3: 91.97
Average

In 2025, the debt ratio of COSMETIC RESEARCH GROUP (75.07) 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
31.3% 2025
2023
2024
2025
Q1: 24.43%
Med: 45.92%
Q3: 56.86%
Average -17 pts over 3 years

In 2025, the financial autonomy of COSMETIC RESEARCH GROUP (31.3%) 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
-4.09 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 2.06 years
Q3: 8.39 years
Excellent -57 pts over 3 years

In 2025, the repayment capacity of COSMETIC RESEARCH GROUP (-4.09) 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 204.82. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

204.822

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

-7.728

Liquidity indicators evolution
COSMETIC RESEARCH GROUP

Sector positioning

Liquidity ratio
204.82 2025
2023
2024
2025
Q1: 152.47
Med: 228.32
Q3: 320.82
Average -11 pts over 3 years

In 2025, the liquidity ratio of COSMETIC RESEARCH GROUP (204.82) 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
-7.73x 2025
2023
2024
2025
Q1: 0.07x
Med: 4.01x
Q3: 11.8x
Watch -44 pts over 3 years

In 2025, the interest coverage of COSMETIC RESEARCH GROUP (-7.7x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 97 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 128 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). Inventory turnover is 159 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 289 days of revenue, i.e. 3.2 M€ to permanently finance. Over 2017-2025, WCR increased by +40%, 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

3 217 940 €

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

97 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

128 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

159 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

289 j

WCR and payment terms evolution
COSMETIC RESEARCH GROUP

Positioning of COSMETIC RESEARCH GROUP in its sector

Comparison with sector Fabrication de parfums et de produits pour la toilette

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of COSMETIC RESEARCH GROUP is estimated at 440 480 € (range 287 450€ - 1 002 158€). The price/revenue ratio is 0.11x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2025
74 tx
287k€ 440k€ 1002k€
440 480 € Range: 287 450€ - 1 002 158€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
4 010 044 € × 0.11x = 440 480 €
Range: 287 451€ - 1 002 159€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 74 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 parfums et de produits pour la toilette)

Compare COSMETIC RESEARCH GROUP with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de parfums et de produits pour la toilette

Frequently asked questions about COSMETIC RESEARCH GROUP

What is the revenue of COSMETIC RESEARCH GROUP ?

The revenue of COSMETIC RESEARCH GROUP in 2025 is 4.0 M€.

Is COSMETIC RESEARCH GROUP profitable?

COSMETIC RESEARCH GROUP recorded a net loss in 2025.

Where is the headquarters of COSMETIC RESEARCH GROUP ?

The headquarters of COSMETIC RESEARCH GROUP is located in CARROS (06510), in the department Alpes-Maritimes.

Where to find the tax return of COSMETIC RESEARCH GROUP ?

The tax return of COSMETIC RESEARCH GROUP 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 COSMETIC RESEARCH GROUP operate?

COSMETIC RESEARCH GROUP operates in the sector Fabrication de parfums et de produits pour la toilette (NAF code 20.42Z). See the 'Sector positioning' section above to compare the company with its competitors.