GILLES MASSENET & COMPAGNIES : revenue, balance sheet and financial ratios

In 2025, GILLES MASSENET & COMPAGNIES achieves revenue of 287 k€. Over the period 2023-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +51.4%. Significant drop of -11% vs 2024. After deducting consumption (37 k€), gross margin stands at 250 k€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21 k€, representing 7.4% of revenue. Warning negative scissor effect: despite revenue change (-11%), EBITDA varies by -63%, reducing margin by 10.7 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 6 k€, i.e. 2.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 142%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.0% 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 121.48. 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 2.7x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 80 days. The company must finance 13 days of gap between collections and payments. Overall, WCR represents 92 days of revenue, i.e. 73 k€ to permanently finance. Over 2023-2025, WCR increased by +389%, requiring additional financing.

Based on 204 transactions of similar company sales (all years), the value of GILLES MASSENET & COMPAGNIES is estimated at 122 957 € (range 65 953€ - 197 916€). With an EBITDA of 21 196€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.64x (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.