SIREN : 316263003
FROJAL is a French company founded 47 years ago, specialized in the sector Activités des sièges sociaux. Based in COURBEVOIE (92400), this company of category ETI shows in 2023 a revenue of 2.3 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 | 2023 | 2022 | 2021 | 2020 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 2 337 669 € | 3 067 164 € | 3 610 705 € | 3 562 872 € | 3 181 137 € | 2 373 301 € | 1 119 920 € |
| Net income | 26 627 981 € | 21 837 805 € | 27 641 597 € | 15 134 891 € | 32 234 786 € | 32 168 559 € | 26 885 478 € |
| EBITDA | -194 042 € | 783 506 € | 1 352 240 € | 1 983 997 € | 484 645 € | 553 072 € | -1 419 885 € |
| Net margin | 1139.1% | 712.0% | 765.5% | 424.8% | 1013.3% | 1355.4% | 2400.7% |
In 2023, FROJAL achieves revenue of 2.3 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +11.1%. Significant drop of -24% vs 2022. After deducting consumption (0 €), gross margin stands at 2.3 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 -194 k€, representing -8.3% of revenue. Warning negative scissor effect: despite revenue change (-24%), EBITDA varies by -125%, reducing margin by 33.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 26.6 M€, i.e. 1139.1% of revenue. This profit can be retained or distributed to shareholders.
2 337 669 €
2 337 669 €
-194 042 €
339 562 €
26 627 981 €
-8.3%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 99%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1182.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.181%
99.393%
1182.605%
0.016
59.0%
In 2023, the debt ratio of FROJAL (0.18) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2023, the financial autonomy of FROJAL (99.4%) 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.
In 2023, the repayment capacity of FROJAL (0.02) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 8216.92. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
8216.923
-332.238
In 2023, the liquidity ratio of FROJAL (8216.92) 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.
In 2023, the interest coverage of FROJAL (-332.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 20 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. Excellent situation: suppliers finance 53 days of the operating cycle (retail model). Overall, WCR represents 898 days of revenue, i.e. 5.8 M€ to permanently finance. Over 2016-2023, WCR increased by +46%, requiring additional financing.
5 829 772 €
20 j
73 j
0 j
898 j
Based on 89 transactions of similar company sales
in 2023,
the value of FROJAL is estimated at
72 466 473 €
(range 34 472 776€ - 166 689 000€).
The price/revenue ratio is 0.52x
(in line with sector norms).
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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 89 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 FROJAL with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of FROJAL in 2023 is 2.3 M€.
Yes, FROJAL generated a net profit of 26.6 M€ in 2023.
The headquarters of FROJAL is located in COURBEVOIE (92400), in the department Hauts-de-Seine.
The tax return of FROJAL 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).
FROJAL operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.