FPV-INDUSTRIES : revenue, balance sheet and financial ratios

FPV-INDUSTRIES is a French company founded 39 years ago, specialized in the sector Fabrication d'éléments en matières plastiques pour la construction. Based in ANTIGNY (85120), this company of category ETI shows in 2023 a revenue of 66.9 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

Financial history - FPV-INDUSTRIES (SIREN 339661217)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 66 921 011 € 60 523 945 € 50 376 487 € 40 685 760 € 46 229 987 € 45 508 395 € 40 458 508 € 40 620 669 € 38 843 843 €
Net income 5 684 258 € 4 233 013 € 3 938 308 € 3 207 739 € 4 249 675 € 3 790 174 € 3 821 933 € 4 280 176 € 4 452 292 €
EBITDA 9 557 119 € 8 437 118 € 7 071 940 € 4 808 582 € 7 411 098 € 7 089 301 € 6 695 890 € 7 412 231 € 7 718 710 €
Net margin 8.5% 7.0% 7.8% 7.9% 9.2% 8.3% 9.4% 10.5% 11.5%

Revenue and income statement

In 2023, FPV-INDUSTRIES achieves revenue of 66.9 M€. Over the period 2015-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.0%. Vs 2022, growth of +11% (60.5 M€ -> 66.9 M€). After deducting consumption (32.9 M€), gross margin stands at 34.1 M€, i.e. a rate of 51%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 9.6 M€, representing 14.3% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.7 M€, i.e. 8.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

66 921 011 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

34 058 199 €

EBITDA (2023) ?
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

9 557 119 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

8 574 045 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

5 684 258 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

14.3%

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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 30%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 47%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

30.052%

Financial autonomy (2023) ?
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

46.521%

Cash flow / Revenue (2023) ?
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

10.55%

Repayment capacity (2023) ?
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

0.799

Asset age ratio (2023) ?
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

38.8%

Solvency indicators evolution
FPV-INDUSTRIES

Sector positioning

Debt ratio
30.05 2023
2021
2022
2023
Q1: 5.47
Med: 25.71
Q3: 68.89
Average +8 pts over 3 years

In 2023, the debt ratio of FPV-INDUSTRIES (30.05) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
46.52% 2023
2021
2022
2023
Q1: 24.49%
Med: 44.52%
Q3: 60.85%
Good -12 pts over 3 years

In 2023, the financial autonomy of FPV-INDUSTRIES (46.5%) 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
0.8 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.72 years
Q3: 2.23 years
Average +8 pts over 3 years

In 2023, the repayment capacity of FPV-INDUSTRIES (0.80) 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 201.74. 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 3.3x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

201.742

Interest coverage (2023) ?
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

3.326

Liquidity indicators evolution
FPV-INDUSTRIES

Sector positioning

Liquidity ratio
201.74 2023
2021
2022
2023
Q1: 165.05
Med: 233.33
Q3: 327.72
Average -19 pts over 3 years

In 2023, the liquidity ratio of FPV-INDUSTRIES (201.74) 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.

Interest coverage
3.33x 2023
2021
2022
2023
Q1: 0.29x
Med: 2.11x
Q3: 6.23x
Good -14 pts over 3 years

In 2023, the interest coverage of FPV-INDUSTRIES (3.3x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 48 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Favorable situation: supplier credit is longer than customer credit by 1 days. Inventory turnover is 33 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 38 days of revenue, i.e. 7.1 M€ to permanently finance. Over 2015-2023, WCR increased by +35%, requiring additional financing.

Operating WCR (2023) ?
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

7 105 004 €

Customer credit (2023) ?
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

48 j

Supplier credit (2023) ?
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

49 j

Inventory turnover (2023) ?
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

33 j

WCR in days of revenue (2023) ?
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

38 j

WCR and payment terms evolution
FPV-INDUSTRIES

Positioning of FPV-INDUSTRIES in its sector

Comparison with sector Fabrication d'éléments en matières plastiques pour la construction

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of FPV-INDUSTRIES is estimated at 12 089 494 € (range 4 971 703€ - 26 614 343€). With an EBITDA of 9 557 119€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
76 tx
4971k€ 12089k€ 26614k€
12 089 494 € Range: 4 971 703€ - 26 614 343€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
9 557 119 € × 1.3x
Estimation 12 069 432 €
4 814 311€ - 26 796 829€
Revenue Multiple 30%
66 921 011 € × 0.20x
Estimation 13 614 882 €
6 508 583€ - 18 322 283€
Net Income Multiple 20%
5 684 258 € × 1.7x
Estimation 9 851 571 €
3 059 868€ - 38 596 220€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication d'éléments en matières plastiques pour la construction)

Compare FPV-INDUSTRIES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'éléments en matières plastiques pour la construction

Frequently asked questions about FPV-INDUSTRIES

What is the revenue of FPV-INDUSTRIES ?

The revenue of FPV-INDUSTRIES in 2023 is 66.9 M€.

Is FPV-INDUSTRIES profitable?

Yes, FPV-INDUSTRIES generated a net profit of 5.7 M€ in 2023.

Where is the headquarters of FPV-INDUSTRIES ?

The headquarters of FPV-INDUSTRIES is located in ANTIGNY (85120), in the department Vendee.

Where to find the tax return of FPV-INDUSTRIES ?

The tax return of FPV-INDUSTRIES 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 FPV-INDUSTRIES operate?

FPV-INDUSTRIES operates in the sector Fabrication d'éléments en matières plastiques pour la construction (NAF code 22.23Z). See the 'Sector positioning' section above to compare the company with its competitors.