FRJ DEVELOPPEMENT SERVICES : revenue, balance sheet and financial ratios

FRJ DEVELOPPEMENT SERVICES is a French company founded 6 years ago, specialized in the sector Services administratifs combinés de bureau. Based in LES PONTS-DE-CE (49130), this company of category PME shows in 2025 a revenue of 193 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 - FRJ DEVELOPPEMENT SERVICES (SIREN 853181501)
Indicator 2025 2024 2023 2022 2021 2020
Revenue 193 231 € 152 993 € 144 209 € 122 125 € 90 624 € 52 555 €
Net income 27 873 € 165 880 € 93 277 € 154 946 € 201 800 € 3 309 €
EBITDA -28 247 € -86 384 € -44 961 € -58 456 € -8 597 € 4 338 €
Net margin 14.4% 108.4% 64.7% 126.9% 222.7% 6.3%

Revenue and income statement

In 2025, FRJ DEVELOPPEMENT SERVICES achieves revenue of 193 k€. Over the period 2020-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +29.7%. Vs 2024, growth of +26% (153 k€ -> 193 k€). After deducting consumption (0 €), gross margin stands at 193 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -28 k€, representing -14.6% of revenue. Positive scissor effect: EBITDA margin improves by +41.8 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 28 k€, i.e. 14.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

193 231 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

193 231 €

EBITDA (2025) ?
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

-28 247 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

37 356 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

27 873 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.6%

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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 24%. 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 79%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

23.661%

Financial autonomy (2025) ?
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

78.605%

Cash flow / Revenue (2025) ?
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

-20.882%

Repayment capacity (2025) ?
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

-7.195

Asset age ratio (2025) ?
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

93.7%

Solvency indicators evolution
FRJ DEVELOPPEMENT SERVICES

Sector positioning

Debt ratio
23.66 2025
2023
2024
2025
Q1: 0.14
Med: 16.34
Q3: 92.69
Average +26 pts over 3 years

In 2025, the debt ratio of FRJ DEVELOPPEMENT SERVICES (23.66) 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
78.61% 2025
2023
2024
2025
Q1: 13.69%
Med: 51.99%
Q3: 85.32%
Good

In 2025, the financial autonomy of FRJ DEVELOPPEMENT SERVICES (78.6%) 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
-7.2 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.34 years
Q3: 3.6 years
Excellent -34 pts over 3 years

In 2025, the repayment capacity of FRJ DEVELOPPEMENT SERVICES (-7.20) 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 1066.13. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

1066.134

Interest coverage (2025) ?
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

-38.284

Liquidity indicators evolution
FRJ DEVELOPPEMENT SERVICES

Sector positioning

Liquidity ratio
1066.13 2025
2023
2024
2025
Q1: 140.28
Med: 507.86
Q3: 2210.32
Good -15 pts over 3 years

In 2025, the liquidity ratio of FRJ DEVELOPPEMENT SERVICES (1066.13) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-38.28x 2025
2023
2024
2025
Q1: -39.6x
Med: 0.0x
Q3: 1.37x
Average -24 pts over 3 years

In 2025, the interest coverage of FRJ DEVELOPPEMENT SERVICES (-38.3x) 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: 90 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. The gap of 73 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 40 days of revenue, i.e. 22 k€ to permanently finance. Over 2020-2025, WCR increased by +183%, requiring additional financing.

Operating WCR (2025) ?
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

21 572 €

Customer credit (2025) ?
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

90 j

Supplier credit (2025) ?
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

17 j

Inventory turnover (2025) ?
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 (2025) ?
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

40 j

WCR and payment terms evolution
FRJ DEVELOPPEMENT SERVICES

Positioning of FRJ DEVELOPPEMENT SERVICES in its sector

Comparison with sector Services administratifs combinés de bureau

Valuation estimate

Based on 173 transactions of similar company sales (all years), the value of FRJ DEVELOPPEMENT SERVICES is estimated at 83 858 € (range 32 441€ - 206 937€). 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.

Estimated enterprise value 2025
173 transactions
32k€ 83k€ 206k€
83 858 € Range: 32 441€ - 206 937€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
193 231 € × 0.38x
Estimation 74 278 €
31 102€ - 167 777€
Net Income Multiple 20%
27 873 € × 3.5x
Estimation 98 231 €
34 452€ - 265 678€

Valuation evolution

How is this estimate calculated?

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.

  • 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 (Services administratifs combinés de bureau)

Compare FRJ DEVELOPPEMENT SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Services administratifs combinés de bureau

Frequently asked questions about FRJ DEVELOPPEMENT SERVICES

What is the revenue of FRJ DEVELOPPEMENT SERVICES ?

The revenue of FRJ DEVELOPPEMENT SERVICES in 2025 is 193 k€.

Is FRJ DEVELOPPEMENT SERVICES profitable?

Yes, FRJ DEVELOPPEMENT SERVICES generated a net profit of 28 k€ in 2025.

Where is the headquarters of FRJ DEVELOPPEMENT SERVICES ?

The headquarters of FRJ DEVELOPPEMENT SERVICES is located in LES PONTS-DE-CE (49130), in the department Maine-et-Loire.

Where to find the tax return of FRJ DEVELOPPEMENT SERVICES ?

The tax return of FRJ DEVELOPPEMENT SERVICES 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 FRJ DEVELOPPEMENT SERVICES operate?

FRJ DEVELOPPEMENT SERVICES 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.