SIREN : 820547123
ECURIE NG START is a French company founded 9 years ago, specialized in the sector Autres activités liées au sport. Based in GINAI (61310), this company of category PME shows in 2024 a revenue of 86 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 86 173 € | 69 149 € | 88 372 € | 83 391 € | 64 832 € | 60 879 € | 60 509 € |
| Net income | 25 901 € | -6 933 € | -14 418 € | -10 464 € | -13 455 € | -26 328 € | -43 € |
| EBITDA | 21 010 € | -4 376 € | -7 272 € | -5 010 € | -3 472 € | -27 107 € | 3 464 € |
| Net margin | 30.1% | -10.0% | -16.3% | -12.5% | -20.8% | -43.2% | -0.1% |
In 2024, ECURIE NG START achieves revenue of 86 k€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.2%. Vs 2023, growth of +25% (69 k€ -> 86 k€). After deducting consumption (8 k€), gross margin stands at 78 k€, i.e. a rate of 91%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21 k€, representing 24.4% of revenue. Positive scissor effect: EBITDA margin improves by +30.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 26 k€, i.e. 30.1% of revenue. This profit can be retained or distributed to shareholders.
86 173 €
77 988 €
21 010 €
25 953 €
25 901 €
24.4%
The debt ratio (= Financial debt / Equity x 100) stands at -36%. 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 105%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 32.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
-36.381%
104.757%
31.964%
0.351
11.6%
In 2024, the debt ratio of ECURIE NG START (-36.38) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of ECURIE NG START (104.8%) 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.
In 2024, the repayment capacity of ECURIE NG START (0.35) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 20.70. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.
20.695
0.248
In 2024, the liquidity ratio of ECURIE NG START (20.70) 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.
In 2024, the interest coverage of ECURIE NG START (0.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 20 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 159 days. Excellent situation: suppliers finance 139 days of the operating cycle (retail model). WCR is negative (-150 days): operations structurally generate cash. Notable WCR improvement over the period (-145%), freeing up cash.
-35 894 €
20 j
159 j
0 j
-150 j
Based on 161 transactions of similar company sales (all years), the value of ECURIE NG START is estimated at 92 833 € (range 47 322€ - 156 299€). With an EBITDA of 21 010€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (in line with sector norms). 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.
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This estimate is based on the analysis of 161 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ECURIE NG START with other companies in the same sector:
Voir toutes les statistiques du secteur Autres activités liées au sport
The revenue of ECURIE NG START in 2024 is 86 k€.
Yes, ECURIE NG START generated a net profit of 26 k€ in 2024.
The headquarters of ECURIE NG START is located in GINAI (61310), in the department Orne.
The tax return of ECURIE NG START 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).
ECURIE NG START operates in the sector Autres activités liées au sport (NAF code 93.19Z). See the 'Sector positioning' section above to compare the company with its competitors.