FIT : revenue, balance sheet and financial ratios

FIT is a French company founded 18 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles. Based in RENNES (35200), this company of category ETI shows in 2024 a revenue of 453.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-07-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Synthèse

Santé financière : Saine

Aucun signal de fragilité majeur : rentabilité positive et structure financière équilibrée.

In summary, FIT combines a growing business with positive profitability. Its financial structure is fragile, with debt above sector norms — a point to monitor.

Financial history - FIT (SIREN 501584502)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 453 600 977 € 391 854 102 € 459 965 056 € 261 613 943 € 252 326 792 € 254 137 678 € 269 219 915 € 274 498 806 € 195 637 201 €
Net income 870 000 € 3 513 023 € 1 746 130 € 205 440 € 412 290 € 1 374 518 € 1 580 985 € 1 512 787 € 1 048 705 €
EBITDA 2 762 950 € 7 522 735 € 3 942 337 € 492 436 € 721 114 € 3 072 698 € 2 903 739 € 2 771 253 € 1 707 725 €
Net margin 0.2% 0.9% 0.4% 0.1% 0.2% 0.5% 0.6% 0.6% 0.5%

Revenue and income statement

In 2024, FIT achieves revenue of 453.6 M€. Over the period 2020-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.8%. Vs 2023, growth of +16% (391.9 M€ -> 453.6 M€). After deducting consumption (444.2 M€), gross margin stands at 9.4 M€, i.e. a rate of 2%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.8 M€, representing 0.6% of revenue. This ratio is slightly less favorable than the sector median (2.3%). Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 870 k€, i.e. 0.2% 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

453 600 977 €

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

9 389 050 €

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

2 762 950 €

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

3 117 409 €

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

870 000 €

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

0.6%

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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 235%. This ratio is less favorable than the sector median (14.5%) and warrants attention. Financial autonomy (= Equity / Total assets x 100) reaches 13%. This ratio is less favorable than the sector median (37.6%) and warrants attention. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 43.5 years of cash flow to repay all financial debt. This ratio is slightly less favorable than the sector median (0.4 years). Cash flow represents 0.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is slightly less favorable than the sector median (1.3%).

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

234.87%

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

13.3%

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

0.1%

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

43.54

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

12.1%

Solvency indicators evolution
FIT

Sector positioning

Debt ratio
234.87% 2024
Q1: 0.04%
Med: 14.54%
Q3: 48.7%
Watch

In 2024, the debt ratio of FIT (234.9%) 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
13.3% 2024
Q1: 18.62%
Med: 37.62%
Q3: 53.15%
Watch

In 2024, the financial autonomy of FIT (13.3%) 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.

Repayment capacity
2.84 years 2023
Q1: 0.0 years
Med: 0.42 years
Q3: 2.82 years
Average

In 2023, the repayment capacity of FIT (2.84) 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 1.70. This ratio is more favorable than the sector median (1.6). The interest coverage ratio (= EBIT / Interest expenses) is 83.6x. Compared with its sector, this ratio places the company among the best positioned (sector median: 1.0x).

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

1.7

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

83.6

Liquidity indicators evolution
FIT

Sector positioning

Liquidity ratio
1.7 2024
Q1: 1.19
Med: 1.6
Q3: 2.25
Good +15 pts over 3 years

In 2024, the liquidity ratio of FIT (1.70) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
83.6x 2024
Q1: 0.0x
Med: 0.96x
Q3: 6.5x
Excellent

In 2024, the interest coverage of FIT (83.6x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 19 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 26 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 18 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 42 days of revenue, i.e. 52.9 M€ to permanently finance. Between 2021 and 2024, WCR improved by 39 days of revenue, 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

52 917 090 €

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

19 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

26 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

18 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

42 j

WCR and payment terms evolution
FIT

Positioning of FIT in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles

Valuation estimate

Based on 50 transactions of similar company sales (all years), the value of FIT is estimated at 75 680 016 € (range 21 701 391€ - 469 598 833€). With an EBITDA of 2 762 950€, the sector multiple of 0.5x is applied. The price/revenue ratio is 0.55x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
50 tx
21701k€ 75680k€ 469598k€
75 680 016 € Range: 21 701 391€ - 469 598 833€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 762 950 € × 0.5x
Estimation 1 508 547 €
733 012€ - 4 488 505€
Revenue Multiple 30%
453 600 977 € × 0.55x
Estimation 249 017 940 €
70 780 914€ - 1 555 675 621€
Net Income Multiple 20%
870 000 € × 1.3x
Estimation 1 101 808 €
503 057€ - 3 259 473€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 50 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 (Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles)

Compare FIT with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles

Top companies in Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles:

Top companies in Ille-et-Vilaine

Largest companies by revenue in the department Ille-et-Vilaine:

Voir le classement complet du département Ille-et-Vilaine

Frequently asked questions about FIT

What is the revenue of FIT ?

The revenue of FIT in 2024 is 453.6 M€.

Is FIT profitable?

Yes, FIT generated a net profit of 870 k€ in 2024.

Where is the headquarters of FIT ?

The headquarters of FIT is located in RENNES (35200), in the department Ille-et-Vilaine.

Where to find the tax return of FIT ?

The tax return of FIT 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 FIT operate?

FIT operates in the sector Commerce de gros (commerce interentreprises) de produits laitiers, œufs, huiles et matières grasses comestibles (NAF code 46.33Z). See the 'Sector positioning' section above to compare the company with its competitors.