FRENCH ACTIVITY SYSTEM TECHNOLOGY : revenue, balance sheet and financial ratios

FRENCH ACTIVITY SYSTEM TECHNOLOGY is a French company founded 41 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in MORANGIS (91420), this company of category PME shows in 2021 a revenue of 156 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 - FRENCH ACTIVITY SYSTEM TECHNOLOGY (SIREN 332526268)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 156 196 € 153 212 € 151 241 € 146 606 € 142 972 € 140 177 €
Net income 40 962 € 43 367 € 49 398 € 43 968 € 53 084 € 52 984 €
EBITDA 74 160 € 77 676 € 85 223 € 135 125 € 131 824 € 140 177 €
Net margin 26.2% 28.3% 32.7% 30.0% 37.1% 37.8%

Revenue and income statement

In 2021, FRENCH ACTIVITY SYSTEM TECHNOLOGY achieves revenue of 156 k€. Revenue is growing positively over 6 years (CAGR: +2.2%). Vs 2020: +2%. After deducting consumption (11 k€), gross margin stands at 145 k€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 74 k€, representing 47.5% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -5%, reducing margin by 3.2 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 41 k€, i.e. 26.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

156 196 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

145 354 €

EBITDA (2021) ?
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

74 160 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

53 973 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

40 962 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

47.5%

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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 3%. 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 93%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 38.4% 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 (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

3.418%

Financial autonomy (2021) ?
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

92.905%

Cash flow / Revenue (2021) ?
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

38.416%

Repayment capacity (2021) ?
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

0.604

Asset age ratio (2021) ?
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

32.9%

Solvency indicators evolution
FRENCH ACTIVITY SYSTEM TECHNOLOGY

Sector positioning

Debt ratio
3.42 2021
2019
2020
2021
Q1: 0.0
Med: 4.78
Q3: 51.58
Good

In 2021, the debt ratio of FRENCH ACTIVITY SYSTEM TE... (3.42) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
92.91% 2021
2019
2020
2021
Q1: 6.85%
Med: 31.54%
Q3: 57.33%
Excellent

In 2021, the financial autonomy of FRENCH ACTIVITY SYSTEM TE... (92.9%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.6 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 0.88 years
Average -8 pts over 3 years

In 2021, the repayment capacity of FRENCH ACTIVITY SYSTEM TE... (0.60) 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 1785.31. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

1785.306

Interest coverage (2021) ?
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

0.0

Liquidity indicators evolution
FRENCH ACTIVITY SYSTEM TECHNOLOGY

Sector positioning

Liquidity ratio
1785.31 2021
2019
2020
2021
Q1: 148.47
Med: 231.97
Q3: 406.61
Excellent

In 2021, the liquidity ratio of FRENCH ACTIVITY SYSTEM TE... (1785.31) 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
0.0x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 0.67x
Average

In 2021, the interest coverage of FRENCH ACTIVITY SYSTEM TE... (0.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 4 days. Favorable situation: supplier credit is longer than customer credit by 4 days. WCR is negative (-72 days): operations structurally generate cash. Notable WCR improvement over the period (-1756%), freeing up cash.

Operating WCR (2021) ?
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

-31 031 €

Customer credit (2021) ?
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 (2021) ?
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

4 j

Inventory turnover (2021) ?
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 (2021) ?
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

-72 j

WCR and payment terms evolution
FRENCH ACTIVITY SYSTEM TECHNOLOGY

Positioning of FRENCH ACTIVITY SYSTEM TECHNOLOGY in its sector

Comparison with sector Conseil en systèmes et logiciels informatiques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (25 transactions). This range of 32 982€ to 192 875€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
32k€ 51k€ 192k€
51 548 € Range: 32 982€ - 192 875€
NAF 5 année 2021

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 25 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 (Conseil en systèmes et logiciels informatiques)

Compare FRENCH ACTIVITY SYSTEM TECHNOLOGY with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques

Frequently asked questions about FRENCH ACTIVITY SYSTEM TECHNOLOGY

What is the revenue of FRENCH ACTIVITY SYSTEM TECHNOLOGY ?

The revenue of FRENCH ACTIVITY SYSTEM TECHNOLOGY in 2021 is 156 k€.

Is FRENCH ACTIVITY SYSTEM TECHNOLOGY profitable?

Yes, FRENCH ACTIVITY SYSTEM TECHNOLOGY generated a net profit of 41 k€ in 2021.

Where is the headquarters of FRENCH ACTIVITY SYSTEM TECHNOLOGY ?

The headquarters of FRENCH ACTIVITY SYSTEM TECHNOLOGY is located in MORANGIS (91420), in the department Essonne.

Where to find the tax return of FRENCH ACTIVITY SYSTEM TECHNOLOGY ?

The tax return of FRENCH ACTIVITY SYSTEM TECHNOLOGY 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 FRENCH ACTIVITY SYSTEM TECHNOLOGY operate?

FRENCH ACTIVITY SYSTEM TECHNOLOGY operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.