DEFENSE ENVIRONNEMENT SERVICES : revenue, balance sheet and financial ratios

DEFENSE ENVIRONNEMENT SERVICES is a French company founded 19 years ago, specialized in the sector Réparation de machines et équipements mécaniques. Based in AUBERVILLIERS (93300), this company of category GE shows in 2024 a revenue of 93.0 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 - DEFENSE ENVIRONNEMENT SERVICES (SIREN 494321862)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 92 951 348 € 93 265 390 € 84 376 130 € 75 469 224 € 228 208 922 € 63 501 057 € 53 910 285 € 37 505 390 €
Net income 1 167 387 € 1 494 397 € 1 889 673 € 781 355 € -1 905 942 € 3 874 221 € 1 871 234 € 533 073 €
EBITDA 1 739 201 € 2 579 840 € 3 879 326 € 2 598 402 € 2 448 543 € 5 596 711 € 2 577 348 € 854 018 €
Net margin 1.3% 1.6% 2.2% 1.0% -0.8% 6.1% 3.5% 1.4%

Revenue and income statement

In 2024, DEFENSE ENVIRONNEMENT SERVICES achieves revenue of 93.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +12.0%. Slight decline of -0% vs 2023. After deducting consumption (53.4 M€), gross margin stands at 39.5 M€, i.e. a rate of 43%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.7 M€, representing 1.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.2 M€, i.e. 1.3% 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

92 951 348 €

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

39 512 109 €

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

1 739 201 €

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

1 697 051 €

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

1 167 387 €

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

1.9%

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Chart evolution

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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 42%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.0% 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

42.361%

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

4.881%

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

1.003%

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

0.779

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

8.9%

Solvency indicators evolution
DEFENSE ENVIRONNEMENT SERVICES

Sector positioning

Debt ratio
42.36 2024
2021
2023
2024
Q1: 2.87
Med: 17.34
Q3: 52.01
Average +43 pts over 3 years

In 2024, the debt ratio of DEFENSE ENVIRONNEMENT SER... (42.36) 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
4.88% 2024
2021
2023
2024
Q1: 23.1%
Med: 44.97%
Q3: 62.71%
Average

In 2024, the financial autonomy of DEFENSE ENVIRONNEMENT SER... (4.9%) 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
0.78 years 2024
2021
2023
2024
Q1: 0.0 years
Med: 0.31 years
Q3: 1.48 years
Average +35 pts over 3 years

In 2024, the repayment capacity of DEFENSE ENVIRONNEMENT SER... (0.78) 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 113.94. 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 2.7x. Financial charges are adequately covered by operations.

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

113.937

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

2.682

Liquidity indicators evolution
DEFENSE ENVIRONNEMENT SERVICES

Sector positioning

Liquidity ratio
113.94 2024
2021
2023
2024
Q1: 167.32
Med: 242.93
Q3: 357.25
Watch

In 2024, the liquidity ratio of DEFENSE ENVIRONNEMENT SER... (113.94) 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
2.68x 2024
2021
2023
2024
Q1: 0.0x
Med: 0.55x
Q3: 3.79x
Good +41 pts over 3 years

In 2024, the interest coverage of DEFENSE ENVIRONNEMENT SER... (2.7x) 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: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 130 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Overall, WCR represents 48 days of revenue, i.e. 12.4 M€ to permanently finance. Over 2016-2024, WCR increased by +31%, 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

12 351 375 €

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

64 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

130 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

0 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
DEFENSE ENVIRONNEMENT SERVICES

Positioning of DEFENSE ENVIRONNEMENT SERVICES in its sector

Comparison with sector Réparation de machines et équipements mécaniques

Valuation estimate

Based on 104 transactions of similar company sales (all years), the value of DEFENSE ENVIRONNEMENT SERVICES is estimated at 8 694 010 € (range 4 814 350€ - 23 048 832€). With an EBITDA of 1 739 201€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (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 2024
104 transactions
4814k€ 8694k€ 23048k€
8 694 010 € Range: 4 814 350€ - 23 048 832€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 739 201 € × 1.0x
Estimation 1 788 398 €
1 234 464€ - 5 850 658€
Revenue Multiple 30%
92 951 348 € × 0.27x
Estimation 24 994 984 €
13 328 406€ - 63 481 240€
Net Income Multiple 20%
1 167 387 € × 1.3x
Estimation 1 506 582 €
992 988€ - 5 395 659€
How is this estimate calculated?

This estimate is based on the analysis of 104 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 (Réparation de machines et équipements mécaniques)

Compare DEFENSE ENVIRONNEMENT SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation de machines et équipements mécaniques

Frequently asked questions about DEFENSE ENVIRONNEMENT SERVICES

What is the revenue of DEFENSE ENVIRONNEMENT SERVICES ?

The revenue of DEFENSE ENVIRONNEMENT SERVICES in 2024 is 93.0 M€.

Is DEFENSE ENVIRONNEMENT SERVICES profitable?

Yes, DEFENSE ENVIRONNEMENT SERVICES generated a net profit of 1.2 M€ in 2024.

Where is the headquarters of DEFENSE ENVIRONNEMENT SERVICES ?

The headquarters of DEFENSE ENVIRONNEMENT SERVICES is located in AUBERVILLIERS (93300), in the department Seine-Saint-Denis.

Where to find the tax return of DEFENSE ENVIRONNEMENT SERVICES ?

The tax return of DEFENSE ENVIRONNEMENT SERVICES 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 DEFENSE ENVIRONNEMENT SERVICES operate?

DEFENSE ENVIRONNEMENT SERVICES operates in the sector Réparation de machines et équipements mécaniques (NAF code 33.12Z). See the 'Sector positioning' section above to compare the company with its competitors.