SIREN : 414845172
F T C S FORAGE is a French company founded 28 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in FRETIN (59273), this company of category PME shows in 2023 a revenue of 14.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-11
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14 508 691 € | 17 278 801 € | 18 943 355 € | 16 744 175 € | 17 512 742 € | 13 179 154 € | 11 117 962 € | 8 378 578 € |
| Net income | 8 337 € | -2 424 105 € | -767 008 € | 484 055 € | 1 385 457 € | 123 985 € | 196 609 € | 366 746 € |
| EBITDA | 348 792 € | -1 736 487 € | -670 878 € | 858 713 € | 1 842 066 € | 424 086 € | 436 723 € | 534 348 € |
| Net margin | 0.1% | -14.0% | -4.0% | 2.9% | 7.9% | 0.9% | 1.8% | 4.4% |
In 2023, F T C S FORAGE achieves revenue of 14.5 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.2%. Significant drop of -16% vs 2022. After deducting consumption (1.8 M€), gross margin stands at 12.7 M€, i.e. a rate of 88%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 349 k€, representing 2.4% of revenue. Positive scissor effect: EBITDA margin improves by +12.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 8 k€, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.
14 508 691 €
12 701 475 €
348 792 €
79 243 €
8 337 €
2.4%
The debt ratio (= Financial debt / Equity x 100) stands at 5723%. 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 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
5722.716%
0.812%
-2.398%
-11.881
29.0%
In 2023, the debt ratio of F T C S FORAGE (5722.72) 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.
In 2023, the financial autonomy of F T C S FORAGE (0.8%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2023, the repayment capacity of F T C S FORAGE (-11.88) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 153.25. 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 14.6x. Operating income very largely covers interest expenses: high safety margin.
153.251
14.562
In 2023, the liquidity ratio of F T C S FORAGE (153.25) 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.
In 2023, the interest coverage of F T C S FORAGE (14.6x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 132 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 85 days. The gap of 47 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 18 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 134 days of revenue, i.e. 5.4 M€ to permanently finance. Over 2016-2023, WCR increased by +169%, requiring additional financing.
5 412 032 €
132 j
85 j
18 j
134 j
Based on 120 transactions of similar company sales (all years), the value of F T C S FORAGE is estimated at 1 222 724 € (range 584 046€ - 2 767 608€). With an EBITDA of 348 792€, 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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 120 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 F T C S FORAGE with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires
The revenue of F T C S FORAGE in 2023 is 14.5 M€.
Yes, F T C S FORAGE generated a net profit of 8 k€ in 2023.
The headquarters of F T C S FORAGE is located in FRETIN (59273), in the department Nord.
The tax return of F T C S FORAGE 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).
F T C S FORAGE operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.