GEESINKNORBA FRANCE : revenue, balance sheet and financial ratios

In 2022, GEESINKNORBA FRANCE achieves revenue of 10.3 M€. Over the period 2017-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +9.0%. Significant drop of -10% vs 2021. After deducting consumption (6.8 M€), gross margin stands at 3.5 M€, i.e. a rate of 34%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 221 k€, representing 2.1% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -68%, reducing margin by 3.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 47 k€, i.e. 0.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 463%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 193.47. 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 14.3x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 81 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 93 days of revenue, i.e. 2.7 M€ to permanently finance. Over 2017-2022, WCR increased by +88%, requiring additional financing.

Based on 56 transactions of similar company sales (all years), the value of GEESINKNORBA FRANCE is estimated at 484 239 € (range 304 095€ - 1 782 530€). With an EBITDA of 221 294€, the sector multiple of 0.8x is applied. The price/revenue ratio is 0.13x (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.