GLOBAL TAX FREE FRANCE : revenue, balance sheet and financial ratios

GLOBAL TAX FREE FRANCE is a French company founded 20 years ago, specialized in the sector Autres activités de soutien aux entreprises n.c.a.. Based in SAINT-ETIENNE-DE-MONTLUC (44360), this company of category PME shows in 2021 a revenue of 28.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - GLOBAL TAX FREE FRANCE (SIREN 487482770)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 28 816 391 € 8 281 010 € 20 452 598 € 20 092 993 € N/C 14 965 339 €
Net income 322 895 € -22 767 € 21 968 € 70 021 € 156 970 € 79 363 €
EBITDA 435 316 € -70 660 € 78 908 € 72 917 € N/C 129 249 €
Net margin 1.1% -0.3% 0.1% 0.3% N/C 0.5%

Revenue and income statement

In 2021, GLOBAL TAX FREE FRANCE achieves revenue of 28.8 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +14.0%. Vs 2020, growth of +248% (8.3 M€ -> 28.8 M€). After deducting consumption (27.4 M€), gross margin stands at 1.4 M€, i.e. a rate of 5%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 435 k€, representing 1.5% of revenue. Positive scissor effect: EBITDA margin improves by +2.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 323 k€, i.e. 1.1% 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

28 816 391 €

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

1 369 550 €

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

435 316 €

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

440 984 €

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

322 895 €

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

1.5%

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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 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 31%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

48.613%

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

31.261%

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

1.116%

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

1.096

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

47.2%

Solvency indicators evolution
GLOBAL TAX FREE FRANCE

Sector positioning

Debt ratio
48.61 2021
2019
2020
2021
Q1: 0.0
Med: 6.21
Q3: 69.03
Average +40 pts over 3 years

In 2021, the debt ratio of GLOBAL TAX FREE FRANCE (48.61) 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
31.26% 2021
2019
2020
2021
Q1: 6.21%
Med: 33.6%
Q3: 66.27%
Average +8 pts over 3 years

In 2021, the financial autonomy of GLOBAL TAX FREE FRANCE (31.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.1 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.51 years
Average +17 pts over 3 years

In 2021, the repayment capacity of GLOBAL TAX FREE FRANCE (1.10) 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 167.04. 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 0.5x. Danger: operating income does not cover interest charges, unsustainable situation.

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

167.04

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

0.492

Liquidity indicators evolution
GLOBAL TAX FREE FRANCE

Sector positioning

Liquidity ratio
167.04 2021
2019
2020
2021
Q1: 120.14
Med: 209.97
Q3: 475.96
Average +13 pts over 3 years

In 2021, the liquidity ratio of GLOBAL TAX FREE FRANCE (167.04) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.49x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 0.56x
Good +20 pts over 3 years

In 2021, the interest coverage of GLOBAL TAX FREE FRANCE (0.5x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 3 days. Favorable situation: supplier credit is longer than customer credit by 3 days. WCR is negative (-7 days): operations structurally generate cash. Notable WCR improvement over the period (-56%), 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

-535 409 €

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

3 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

-7 j

WCR and payment terms evolution
GLOBAL TAX FREE FRANCE

Positioning of GLOBAL TAX FREE FRANCE in its sector

Comparison with sector Autres activités de soutien aux entreprises n.c.a.

Valuation estimate

Based on 131 transactions of similar company sales (all years), the value of GLOBAL TAX FREE FRANCE is estimated at 4 352 582 € (range 1 920 762€ - 8 273 514€). With an EBITDA of 435 316€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.36x (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 2021
131 transactions
1920k€ 4352k€ 8273k€
4 352 582 € Range: 1 920 762€ - 8 273 514€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
435 316 € × 4.8x
Estimation 2 111 200 €
633 936€ - 3 631 905€
Revenue Multiple 30%
28 816 391 € × 0.36x
Estimation 10 276 299 €
5 132 488€ - 19 424 051€
Net Income Multiple 20%
322 895 € × 3.3x
Estimation 1 070 465 €
320 240€ - 3 151 733€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 131 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 (Autres activités de soutien aux entreprises n.c.a.)

Compare GLOBAL TAX FREE FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités de soutien aux entreprises n.c.a.

Frequently asked questions about GLOBAL TAX FREE FRANCE

What is the revenue of GLOBAL TAX FREE FRANCE ?

The revenue of GLOBAL TAX FREE FRANCE in 2021 is 28.8 M€.

Is GLOBAL TAX FREE FRANCE profitable?

Yes, GLOBAL TAX FREE FRANCE generated a net profit of 323 k€ in 2021.

Where is the headquarters of GLOBAL TAX FREE FRANCE ?

The headquarters of GLOBAL TAX FREE FRANCE is located in SAINT-ETIENNE-DE-MONTLUC (44360), in the department Loire-Atlantique.

Where to find the tax return of GLOBAL TAX FREE FRANCE ?

The tax return of GLOBAL TAX FREE FRANCE 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 GLOBAL TAX FREE FRANCE operate?

GLOBAL TAX FREE FRANCE operates in the sector Autres activités de soutien aux entreprises n.c.a. (NAF code 82.99Z). See the 'Sector positioning' section above to compare the company with its competitors.