EXCEL PISCINES SUD OUEST : revenue, balance sheet and financial ratios

EXCEL PISCINES SUD OUEST is a French company founded 21 years ago, specialized in the sector Fabrication d'éléments en matières plastiques pour la construction. Based in CASTELSARRASIN (82100), this company of category PME shows in 2024 a revenue of 2.5 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 - EXCEL PISCINES SUD OUEST (SIREN 480931120)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 2 518 920 € 2 936 641 € 3 338 527 € 3 767 192 € 3 678 766 € 3 656 955 € 2 885 860 € 2 645 580 € 2 069 244 € 1 875 045 €
Net income -20 977 € 41 931 € -24 371 € 857 584 € 316 586 € 307 788 € 99 554 € 117 860 € 57 606 € 13 345 €
EBITDA -252 840 € -391 150 € -274 839 € 286 238 € 256 482 € 200 177 € -10 640 € -82 700 € -119 429 € -368 932 €
Net margin -0.8% 1.4% -0.7% 22.8% 8.6% 8.4% 3.4% 4.5% 2.8% 0.7%

Revenue and income statement

In 2024, EXCEL PISCINES SUD OUEST achieves revenue of 2.5 M€. Revenue is growing positively over 10 years (CAGR: +3.3%). Significant drop of -14% vs 2023. After deducting consumption (1.3 M€), gross margin stands at 1.2 M€, i.e. a rate of 47%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -253 k€, representing -10.0% of revenue. Positive scissor effect: EBITDA margin improves by +3.3 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -21 k€ (-0.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 518 920 €

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

1 185 690 €

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

-252 840 €

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

-13 335 €

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

-20 977 €

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

-10.0%

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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 62%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 52%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

62.236%

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

51.848%

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

-10.347%

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

-2.134

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

27.9%

Solvency indicators evolution
EXCEL PISCINES SUD OUEST

Sector positioning

Debt ratio
62.24 2024
2022
2023
2024
Q1: 3.62
Med: 21.57
Q3: 55.7
Watch +8 pts over 3 years

In 2024, the debt ratio of EXCEL PISCINES SUD OUEST (62.24) 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
51.85% 2024
2022
2023
2024
Q1: 25.52%
Med: 47.12%
Q3: 63.05%
Good

In 2024, the financial autonomy of EXCEL PISCINES SUD OUEST (51.9%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
-2.13 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.37 years
Q3: 2.07 years
Excellent

In 2024, the repayment capacity of EXCEL PISCINES SUD OUEST (-2.13) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 493.16. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

493.157

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

-0.634

Liquidity indicators evolution
EXCEL PISCINES SUD OUEST

Sector positioning

Liquidity ratio
493.16 2024
2022
2023
2024
Q1: 157.99
Med: 229.58
Q3: 347.12
Excellent

In 2024, the liquidity ratio of EXCEL PISCINES SUD OUEST (493.16) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-0.63x 2024
2022
2023
2024
Q1: 0.04x
Med: 2.55x
Q3: 9.53x
Watch

In 2024, the interest coverage of EXCEL PISCINES SUD OUEST (-0.6x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 65 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The gap of 45 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 74 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 143 days of revenue, i.e. 997 k€ to permanently finance. Notable WCR improvement over the period (-27%), freeing up cash.

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

997 215 €

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

65 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

20 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

74 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

143 j

WCR and payment terms evolution
EXCEL PISCINES SUD OUEST

Positioning of EXCEL PISCINES SUD OUEST in its sector

Comparison with sector Fabrication d'éléments en matières plastiques pour la construction

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of EXCEL PISCINES SUD OUEST is estimated at 512 466 € (range 244 984€ - 689 654€). The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
76 tx
244k€ 512k€ 689k€
512 466 € Range: 244 984€ - 689 654€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
2 518 920 € × 0.20x = 512 467 €
Range: 244 984€ - 689 654€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication d'éléments en matières plastiques pour la construction)

Compare EXCEL PISCINES SUD OUEST with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'éléments en matières plastiques pour la construction

Frequently asked questions about EXCEL PISCINES SUD OUEST

What is the revenue of EXCEL PISCINES SUD OUEST ?

The revenue of EXCEL PISCINES SUD OUEST in 2024 is 2.5 M€.

Is EXCEL PISCINES SUD OUEST profitable?

EXCEL PISCINES SUD OUEST recorded a net loss in 2024.

Where is the headquarters of EXCEL PISCINES SUD OUEST ?

The headquarters of EXCEL PISCINES SUD OUEST is located in CASTELSARRASIN (82100), in the department Tarn-et-Garonne.

Where to find the tax return of EXCEL PISCINES SUD OUEST ?

The tax return of EXCEL PISCINES SUD OUEST 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 EXCEL PISCINES SUD OUEST operate?

EXCEL PISCINES SUD OUEST operates in the sector Fabrication d'éléments en matières plastiques pour la construction (NAF code 22.23Z). See the 'Sector positioning' section above to compare the company with its competitors.