SIREN : 509085304
FORMATOP is a French company founded 17 years ago, specialized in the sector Services administratifs combinés de bureau. Based in CHANGE (72560), this company of category PME shows in 2025 a revenue of 2.2 M€. 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 208 275 € | 2 633 296 € | 2 464 244 € | 2 306 731 € | 2 306 731 € | 2 191 292 € | 2 125 483 € | 2 101 926 € | 2 080 440 € | 2 066 460 € |
| Net income | 593 373 € | 761 810 € | 664 084 € | 482 055 € | 482 055 € | 388 093 € | -167 970 € | 145 938 € | 223 705 € | 146 366 € |
| EBITDA | 1 897 821 € | 2 394 288 € | 2 211 830 € | 1 442 972 € | 1 442 972 € | 1 487 637 € | 1 699 016 € | 1 593 322 € | 1 861 271 € | 1 806 003 € |
| Net margin | 26.9% | 28.9% | 26.9% | 20.9% | 20.9% | 17.7% | -7.9% | 6.9% | 10.8% | 7.1% |
In 2025, FORMATOP achieves revenue of 2.2 M€. Revenue is growing positively over 10 years (CAGR: +0.7%). Significant drop of -16% vs 2024. After deducting consumption (0 €), gross margin stands at 2.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.9 M€, representing 85.9% of revenue. Warning negative scissor effect: despite revenue change (-16%), EBITDA varies by -21%, reducing margin by 5.0 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 593 k€, i.e. 26.9% of revenue. This profit can be retained or distributed to shareholders.
2 208 275 €
2 208 275 €
1 897 821 €
1 259 339 €
593 373 €
85.9%
The debt ratio (= Financial debt / Equity x 100) stands at 126%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 40%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 62.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
125.635%
39.929%
62.928%
4.331
46.5%
In 2025, the debt ratio of FORMATOP (125.64) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2025, the financial autonomy of FORMATOP (39.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2025, the repayment capacity of FORMATOP (4.33) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 423.12. 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 17.4x. Operating income very largely covers interest expenses: high safety margin.
423.121
17.416
In 2025, the liquidity ratio of FORMATOP (423.12) 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 2025, the interest coverage of FORMATOP (17.4x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 16 days. Favorable situation: supplier credit is longer than customer credit by 16 days. WCR is negative (-125 days): operations structurally generate cash. Notable WCR improvement over the period (-136%), freeing up cash.
-763 886 €
0 j
16 j
0 j
-125 j
Based on 173 transactions of similar company sales (all years), the value of FORMATOP is estimated at 3 933 957 € (range 1 146 717€ - 8 019 359€). With an EBITDA of 1 897 821€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.
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This estimate is based on the analysis of 173 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 FORMATOP with other companies in the same sector:
Voir toutes les statistiques du secteur Services administratifs combinés de bureau
The revenue of FORMATOP in 2025 is 2.2 M€.
Yes, FORMATOP generated a net profit of 593 k€ in 2025.
The headquarters of FORMATOP is located in CHANGE (72560), in the department Sarthe.
The tax return of FORMATOP 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).
FORMATOP operates in the sector Services administratifs combinés de bureau (NAF code 82.11Z). See the 'Sector positioning' section above to compare the company with its competitors.