SIREN : 480575570
GSM is a French company founded 21 years ago, specialized in the sector Services administratifs combinés de bureau. Based in AVIGNON (84000), this company of category PME shows in 2024 a revenue of 86 k€. 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Revenue | 85 590 € | 95 685 € | 130 362 € | 67 896 € | 78 860 € | 53 614 € |
| Net income | -2 163 € | 16 001 € | 17 891 € | 11 688 € | 2 007 € | 1 997 € |
| EBITDA | 41 063 € | 52 404 € | 52 830 € | 29 153 € | -7 313 € | 2 247 € |
| Net margin | -2.5% | 16.7% | 13.7% | 17.2% | 2.5% | 3.7% |
In 2024, GSM achieves revenue of 86 k€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.8%. Significant drop of -11% vs 2023. After deducting consumption (6 k€), gross margin stands at 80 k€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 41 k€, representing 48.0% of revenue. Warning negative scissor effect: despite revenue change (-11%), EBITDA varies by -22%, reducing margin by 6.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -2 k€ (-2.5% of revenue), which will impact equity.
85 590 €
79 755 €
41 063 €
-1 185 €
-2 163 €
48.0%
The debt ratio (= Financial debt / Equity x 100) stands at 26%. 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 79%. 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 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 45.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
25.854%
78.999%
45.802%
1.13
63.8%
In 2024, the debt ratio of GSM (25.85) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of GSM (79.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of GSM (1.13) 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 5313.11. 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 4.2x. Financial charges are adequately covered by operations.
5313.11
4.172
In 2024, the liquidity ratio of GSM (5313.11) 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 2024, the interest coverage of GSM (4.2x) 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. Inventory turnover is 75 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 161 days of revenue, i.e. 38 k€ to permanently finance. Notable WCR improvement over the period (-70%), freeing up cash.
38 245 €
0 j
0 j
75 j
161 j
Based on 173 transactions of similar company sales (all years), the value of GSM is estimated at 100 536 € (range 29 329€ - 198 609€). With an EBITDA of 41 063€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.
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This estimate is based on the analysis of 173 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 GSM with other companies in the same sector:
Voir toutes les statistiques du secteur Services administratifs combinés de bureau
The revenue of GSM in 2024 is 86 k€.
GSM recorded a net loss in 2024.
The headquarters of GSM is located in AVIGNON (84000), in the department Vaucluse.
The tax return of GSM 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).
GSM operates in the sector Services administratifs combinés de bureau (NAF code 82.11Z). See the 'Sector positioning' section above to compare the company with its competitors.