FORMA ELTECH : revenue, balance sheet and financial ratios

FORMA ELTECH is a French company founded 8 years ago, specialized in the sector Formation continue d'adultes. Based in HARNES (62440), this company of category PME shows in 2020 a revenue of 801 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 - FORMA ELTECH (SIREN 839409307)
Indicator 2024 2023 2022 2020 2019
Revenue N/C N/C N/C 800 810 € 1 152 806 €
Net income 25 200 € 59 560 € 174 579 € 22 429 € 40 232 €
EBITDA N/C N/C N/C 226 296 € 233 196 €
Net margin N/C N/C N/C 2.8% 3.5%

Revenue and income statement

In 2024, FORMA ELTECH generates positive net income of 25 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2019-2024: 40 k€ -> 25 k€.

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

25 200 €

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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 390%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

389.693%

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

8.402%

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

50.0%

Solvency indicators evolution
FORMA ELTECH

Sector positioning

Debt ratio
389.69 2024
2022
2023
2024
Q1: 0.0
Med: 3.22
Q3: 34.93
Watch

In 2024, the debt ratio of FORMA ELTECH (389.69) 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
8.4% 2024
2022
2023
2024
Q1: 1.03%
Med: 30.48%
Q3: 60.98%
Average +6 pts over 3 years

In 2024, the financial autonomy of FORMA ELTECH (8.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 148.15. 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

148.146

Liquidity indicators evolution
FORMA ELTECH

Sector positioning

Liquidity ratio
148.15 2024
2022
2023
2024
Q1: 126.79
Med: 230.24
Q3: 439.51
Average +5 pts over 3 years

In 2024, the liquidity ratio of FORMA ELTECH (148.15) 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.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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

0 j

WCR and payment terms evolution
FORMA ELTECH

Positioning of FORMA ELTECH in its sector

Comparison with sector Formation continue d'adultes

Valuation estimate

Based on 134 transactions of similar company sales (all years), the value of FORMA ELTECH is estimated at 74 011 € (range 27 612€ - 400 254€). 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.

Estimated enterprise value 2024
134 transactions
27k€ 74k€ 400k€
74 011 € Range: 27 612€ - 400 254€
NAF 5 all-time

Valuation method used

Net Income Multiple
25 200 € × 2.9x = 74 011 €
Range: 27 612€ - 400 254€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 134 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 (Formation continue d'adultes)

Compare FORMA ELTECH with other companies in the same sector:

Frequently asked questions about FORMA ELTECH

What is the revenue of FORMA ELTECH ?

The revenue of FORMA ELTECH in 2020 is 801 k€.

Is FORMA ELTECH profitable?

Yes, FORMA ELTECH generated a net profit of 25 k€ in 2024.

Where is the headquarters of FORMA ELTECH ?

The headquarters of FORMA ELTECH is located in HARNES (62440), in the department Pas-de-Calais.

Where to find the tax return of FORMA ELTECH ?

The tax return of FORMA ELTECH 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 FORMA ELTECH operate?

FORMA ELTECH operates in the sector Formation continue d'adultes (NAF code 85.59A). See the 'Sector positioning' section above to compare the company with its competitors.