FLSMIDTH SAS : revenue, balance sheet and financial ratios

FLSMIDTH SAS is a French company founded 126 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers. Based in NOISY-LE-GRAND (93160), this company of category PME shows in 2022 a revenue of 973 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - FLSMIDTH SAS (SIREN 552110645)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 972 764 € 1 691 167 € 9 534 314 € 10 922 419 € 15 379 716 € 9 404 117 € 5 372 083 €
Net income -48 405 € 656 164 € 756 759 € 147 718 € -965 202 € 839 596 € 29 431 €
EBITDA -140 313 € 231 667 € 1 057 323 € -193 700 € -84 552 € 1 562 315 € 249 258 €
Net margin -5.0% 38.8% 7.9% 1.4% -6.3% 8.9% 0.5%

Revenue and income statement

In 2022, FLSMIDTH SAS achieves revenue of 973 k€. Revenue is declining over the period 2016-2022 (CAGR: -24.8%). Significant drop of -42% vs 2021. After deducting consumption (28 k€), gross margin stands at 945 k€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -140 k€, representing -14.4% of revenue. Warning negative scissor effect: despite revenue change (-42%), EBITDA varies by -161%, reducing margin by 28.1 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -48 k€ (-5.0% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

972 764 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

944 969 €

EBITDA (2022) ?
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

-140 313 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-75 007 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-48 405 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.4%

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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 0%. 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 59%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.06%

Financial autonomy (2022) ?
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

59.496%

Cash flow / Revenue (2022) ?
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

-12.696%

Repayment capacity (2022) ?
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

-0.017

Asset age ratio (2022) ?
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

36.5%

Solvency indicators evolution
FLSMIDTH SAS

Sector positioning

Debt ratio
0.06 2022
2020
2021
2022
Q1: 0.08
Med: 14.47
Q3: 58.31
Excellent

In 2022, the debt ratio of FLSMIDTH SAS (0.06) 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.

Financial autonomy
59.5% 2022
2020
2021
2022
Q1: 24.34%
Med: 43.53%
Q3: 62.15%
Good +29 pts over 3 years

In 2022, the financial autonomy of FLSMIDTH SAS (59.5%) 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
-0.02 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.2 years
Q3: 1.92 years
Excellent

In 2022, the repayment capacity of FLSMIDTH SAS (-0.02) 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 598.46. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

598.459

Interest coverage (2022) ?
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

-8.652

Liquidity indicators evolution
FLSMIDTH SAS

Sector positioning

Liquidity ratio
598.46 2022
2020
2021
2022
Q1: 164.49
Med: 233.99
Q3: 350.69
Excellent +38 pts over 3 years

In 2022, the liquidity ratio of FLSMIDTH SAS (598.46) 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
-8.65x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.61x
Q3: 3.81x
Average -50 pts over 3 years

In 2022, the interest coverage of FLSMIDTH SAS (-8.7x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 459 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 334 days. The gap of 125 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 1301 days of revenue, i.e. 3.5 M€ to permanently finance. Notable WCR improvement over the period (-37%), freeing up cash.

Operating WCR (2022) ?
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

3 516 007 €

Customer credit (2022) ?
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

459 j

Supplier credit (2022) ?
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

334 j

Inventory turnover (2022) ?
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

0 j

WCR in days of revenue (2022) ?
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

1301 j

WCR and payment terms evolution
FLSMIDTH SAS

Positioning of FLSMIDTH SAS in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (24 transactions). This range of 110 401€ to 351 439€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2022
Indicative
110k€ 157k€ 351k€
157 329 € Range: 110 401€ - 351 439€
NAF 5 année 2022

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 24 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 fournitures et équipements industriels divers)

Compare FLSMIDTH SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Frequently asked questions about FLSMIDTH SAS

What is the revenue of FLSMIDTH SAS ?

The revenue of FLSMIDTH SAS in 2022 is 973 k€.

Is FLSMIDTH SAS profitable?

FLSMIDTH SAS recorded a net loss in 2022.

Where is the headquarters of FLSMIDTH SAS ?

The headquarters of FLSMIDTH SAS is located in NOISY-LE-GRAND (93160), in the department Seine-Saint-Denis.

Where to find the tax return of FLSMIDTH SAS ?

The tax return of FLSMIDTH SAS 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 FLSMIDTH SAS operate?

FLSMIDTH SAS operates in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (NAF code 46.69B). See the 'Sector positioning' section above to compare the company with its competitors.