CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) : revenue, balance sheet and financial ratios

CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) is a French company founded 31 years ago, specialized in the sector Travaux de charpente. Based in VACHERESSE (74360), this company of category PME shows in 2024 a revenue of 1.0 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 - CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) (SIREN 399129279)
Indicator 2024 2023 2022 2021
Revenue 1 013 958 € 519 661 € 408 018 € 706 699 €
Net income 39 338 € 13 586 € -71 € 19 361 €
EBITDA 46 527 € 24 321 € -20 153 € 55 367 €
Net margin 3.9% 2.6% -0.0% 2.7%

Revenue and income statement

In 2024, CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) achieves revenue of 1.0 M€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +12.8%. Vs 2023, growth of +95% (520 k€ -> 1.0 M€). After deducting consumption (573 k€), gross margin stands at 441 k€, i.e. a rate of 44%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 47 k€, representing 4.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 39 k€, i.e. 3.9% 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

1 013 958 €

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

441 298 €

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

46 527 €

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

51 175 €

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

39 338 €

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

4.6%

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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 202%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.8% 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

201.798%

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

37.647%

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

4.849%

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

1.952

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

14.4%

Solvency indicators evolution
CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS)

Sector positioning

Debt ratio
201.8 2024
2022
2023
2024
Q1: 7.44
Med: 26.53
Q3: 64.5
Watch

In 2024, the debt ratio of CQFD (CONSTRUCTION, QUALI... (201.80) 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
37.65% 2024
2022
2023
2024
Q1: 25.07%
Med: 42.94%
Q3: 59.56%
Average -32 pts over 3 years

In 2024, the financial autonomy of CQFD (CONSTRUCTION, QUALI... (37.6%) 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
1.95 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.48 years
Q3: 1.61 years
Watch

In 2024, the repayment capacity of CQFD (CONSTRUCTION, QUALI... (1.95) 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 159.27. 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 9.1x. 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

159.272

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

9.113

Liquidity indicators evolution
CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS)

Sector positioning

Liquidity ratio
159.27 2024
2022
2023
2024
Q1: 162.4
Med: 230.31
Q3: 341.59
Watch +8 pts over 3 years

In 2024, the liquidity ratio of CQFD (CONSTRUCTION, QUALI... (159.27) 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
9.11x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.88x
Q3: 4.05x
Excellent +50 pts over 3 years

In 2024, the interest coverage of CQFD (CONSTRUCTION, QUALI... (9.1x) 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: 89 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. The gap of 40 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 48 days of revenue, i.e. 137 k€ to permanently finance. Over 2021-2024, WCR increased by +78%, 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

136 529 €

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

89 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

49 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

5 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

48 j

WCR and payment terms evolution
CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS)

Positioning of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) in its sector

Comparison with sector Travaux de charpente

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (20 transactions). This range of 72 492€ to 259 125€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
72k€ 119k€ 259k€
119 468 € Range: 72 492€ - 259 125€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 20 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 (Travaux de charpente)

Compare CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de charpente

Frequently asked questions about CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS)

What is the revenue of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) ?

The revenue of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) in 2024 is 1.0 M€.

Is CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) profitable?

Yes, CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) generated a net profit of 39 k€ in 2024.

Where is the headquarters of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) ?

The headquarters of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) is located in VACHERESSE (74360), in the department Haute-Savoie.

Where to find the tax return of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) ?

The tax return of CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) 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 CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) operate?

CQFD (CONSTRUCTION, QUALITE, FAIBLES DEPERDITIONS) operates in the sector Travaux de charpente (NAF code 43.91A). See the 'Sector positioning' section above to compare the company with its competitors.