ENTREPRISE DE TERRASSEMENTS THOUZEAU : revenue, balance sheet and financial ratios

In 2025, ENTREPRISE DE TERRASSEMENTS THOUZEAU achieves revenue of 5.3 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +11.3%. Vs 2024, growth of +19% (4.4 M€ -> 5.3 M€). After deducting consumption (1.1 M€), gross margin stands at 4.1 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 553 k€, representing 10.5% of revenue. Warning negative scissor effect: despite revenue change (+19%), EBITDA varies by -28%, reducing margin by 7.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 414 k€, i.e. 7.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 164%. 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 26%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 227.86. 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 5.1x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 109 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. The company must finance 23 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 239 days of revenue, i.e. 3.5 M€ to permanently finance. Over 2016-2025, WCR increased by +78%, requiring additional financing.

Based on 120 transactions of similar company sales (all years), the value of ENTREPRISE DE TERRASSEMENTS THOUZEAU is estimated at 1 024 699 € (range 361 442€ - 2 587 520€). With an EBITDA of 553 391€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.22x (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.