DAVID NACHTERGAELE ASSOCIES : revenue, balance sheet and financial ratios

DAVID NACHTERGAELE ASSOCIES is a French company founded 8 years ago, specialized in the sector Services administratifs combinés de bureau. Based in SALAVRE (01270), this company of category PME shows in 2025 a revenue of 444 k€. 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 - DAVID NACHTERGAELE ASSOCIES (SIREN 832792402)
Indicator 2025 2024 2023 2022
Revenue 444 000 € 444 000 € 444 000 € 399 000 €
Net income 8 007 € 162 529 € 20 350 € 165 975 €
EBITDA 9 420 € 9 058 € 25 159 € 1 855 €
Net margin 1.8% 36.6% 4.6% 41.6%

Revenue and income statement

In 2025, DAVID NACHTERGAELE ASSOCIES achieves revenue of 444 k€. Revenue is growing positively over 4 years (CAGR: +3.6%). Slight decline of 0% vs 2024. After deducting consumption (0 €), gross margin stands at 444 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 9 k€, representing 2.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 8 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.

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

444 000 €

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

444 000 €

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

9 420 €

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

9 420 €

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

8 007 €

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

2.1%

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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 2%. 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 90%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

1.98%

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

89.578%

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

1.803%

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

2.574

Solvency indicators evolution
DAVID NACHTERGAELE ASSOCIES

Sector positioning

Debt ratio
1.98 2025
2023
2024
2025
Q1: 0.14
Med: 16.34
Q3: 92.69
Good

In 2025, the debt ratio of DAVID NACHTERGAELE ASSOCIES (1.98) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
89.58% 2025
2023
2024
2025
Q1: 13.69%
Med: 51.99%
Q3: 85.32%
Excellent

In 2025, the financial autonomy of DAVID NACHTERGAELE ASSOCIES (89.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
2.57 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.34 years
Q3: 3.6 years
Average +12 pts over 3 years

In 2025, the repayment capacity of DAVID NACHTERGAELE ASSOCIES (2.57) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 224.83. 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

224.831

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

0.0

Liquidity indicators evolution
DAVID NACHTERGAELE ASSOCIES

Sector positioning

Liquidity ratio
224.83 2025
2023
2024
2025
Q1: 140.28
Med: 507.86
Q3: 2210.32
Average -7 pts over 3 years

In 2025, the liquidity ratio of DAVID NACHTERGAELE ASSOCIES (224.83) 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
0.0x 2025
2023
2024
2025
Q1: -39.6x
Med: 0.0x
Q3: 1.37x
Good

In 2025, the interest coverage of DAVID NACHTERGAELE ASSOCIES (0.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 316 days. Excellent situation: suppliers finance 271 days of the operating cycle (retail model). WCR is negative (-20 days): operations structurally generate cash. Notable WCR improvement over the period (-132%), freeing up cash.

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

-24 935 €

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

45 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

316 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

0 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

-20 j

WCR and payment terms evolution
DAVID NACHTERGAELE ASSOCIES

Positioning of DAVID NACHTERGAELE ASSOCIES in its sector

Comparison with sector Services administratifs combinés de bureau

Valuation estimate

Based on 173 transactions of similar company sales (all years), the value of DAVID NACHTERGAELE ASSOCIES is estimated at 73 032 € (range 27 853€ - 162 252€). With an EBITDA of 9 420€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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 2025
173 transactions
27k€ 73k€ 162k€
73 032 € Range: 27 853€ - 162 252€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
9 420 € × 3.4x
Estimation 32 373 €
8 869€ - 62 670€
Revenue Multiple 30%
444 000 € × 0.38x
Estimation 170 673 €
71 465€ - 385 513€
Net Income Multiple 20%
8 007 € × 3.5x
Estimation 28 219 €
9 897€ - 76 321€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 173 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 (Services administratifs combinés de bureau)

Compare DAVID NACHTERGAELE ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Services administratifs combinés de bureau

Frequently asked questions about DAVID NACHTERGAELE ASSOCIES

What is the revenue of DAVID NACHTERGAELE ASSOCIES ?

The revenue of DAVID NACHTERGAELE ASSOCIES in 2025 is 444 k€.

Is DAVID NACHTERGAELE ASSOCIES profitable?

Yes, DAVID NACHTERGAELE ASSOCIES generated a net profit of 8 k€ in 2025.

Where is the headquarters of DAVID NACHTERGAELE ASSOCIES ?

The headquarters of DAVID NACHTERGAELE ASSOCIES is located in SALAVRE (01270), in the department Ain.

Where to find the tax return of DAVID NACHTERGAELE ASSOCIES ?

The tax return of DAVID NACHTERGAELE ASSOCIES 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 DAVID NACHTERGAELE ASSOCIES operate?

DAVID NACHTERGAELE ASSOCIES operates in the sector Services administratifs combinés de bureau (NAF code 82.11Z). See the 'Sector positioning' section above to compare the company with its competitors.