SIREN : 752109280
GMS is a French company founded 13 years ago, specialized in the sector Gestion de fonds. Based in BESANCON (25000), this company of category PME shows in 2023 a revenue of 214 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 213 667 € | 292 100 € | 167 607 € | 176 763 € | 97 677 € |
| Net income | 432 281 € | 250 144 € | 48 785 € | 42 176 € | 42 698 € |
| EBITDA | 13 941 € | -31 389 € | 14 861 € | 15 272 € | 2 531 € |
| Net margin | 202.3% | 85.6% | 29.1% | 23.9% | 43.7% |
In 2023, GMS achieves revenue of 214 k€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +13.9%. Significant drop of -27% vs 2020. After deducting consumption (1 k€), gross margin stands at 212 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 14 k€, representing 6.5% of revenue. Positive scissor effect: EBITDA margin improves by +17.3 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 432 k€, i.e. 202.3% of revenue. This profit can be retained or distributed to shareholders.
213 667 €
212 256 €
13 941 €
13 066 €
432 281 €
6.5%
The debt ratio (= Financial debt / Equity x 100) stands at 2%. 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 97%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 155.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
1.552%
97.394%
155.466%
0.058
74.6%
In 2023, the debt ratio of GMS (1.55) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of GMS (97.4%) 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 GMS (0.06) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 7616.27. 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 4.1x. Financial charges are adequately covered by operations.
7616.275
4.117
In 2023, the liquidity ratio of GMS (7616.27) 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 GMS (4.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
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: 32 days. Excellent situation: suppliers finance 32 days of the operating cycle (retail model). Overall, WCR represents 839 days of revenue, i.e. 498 k€ to permanently finance. Over 2017-2023, WCR increased by +7066%, requiring additional financing.
497 793 €
0 j
32 j
0 j
839 j
Based on 77 transactions of similar company sales
in 2023,
the value of GMS is estimated at
623 734 €
(range 278 529€ - 1 138 819€).
With an EBITDA of 13 941€, the sector multiple of 5.5x is applied.
The price/revenue ratio is 0.50x
(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.
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This estimate is based on the analysis of 77 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 GMS with other companies in the same sector:
The revenue of GMS in 2023 is 214 k€.
Yes, GMS generated a net profit of 432 k€ in 2023.
The headquarters of GMS is located in BESANCON (25000), in the department Doubs.
The tax return of GMS 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).
GMS operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.