GTP GIRASE TRAVAUX PUBLICS : revenue, balance sheet and financial ratios

GTP GIRASE TRAVAUX PUBLICS is a French company founded 44 years ago, specialized in the sector Construction de réseaux pour fluides. Based in SAINT-GILLES-CROIX-DE-VIE (85800), this company of category ETI shows in 2015 a revenue of 5.4 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 - GTP GIRASE TRAVAUX PUBLICS (SIREN 324096288)
Indicator 2015 2014
Revenue 5 389 070 € 8 113 336 €
Net income 117 303 € 431 519 €
EBITDA 224 069 € 1 058 563 €
Net margin 2.2% 5.3%

Revenue and income statement

In 2015, GTP GIRASE TRAVAUX PUBLICS achieves revenue of 5.4 M€. Significant drop of -34% vs 2014. After deducting consumption (908 k€), gross margin stands at 4.5 M€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 224 k€, representing 4.2% of revenue. Warning negative scissor effect: despite revenue change (-34%), EBITDA varies by -79%, reducing margin by 8.9 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 117 k€, i.e. 2.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2015) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

5 389 070 €

Gross margin (2015) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 480 741 €

EBITDA (2015) ?
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

224 069 €

EBIT (2015) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

170 044 €

Net income (2015) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

117 303 €

EBITDA margin (2015) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.2%

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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 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 3.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2015) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

34.957%

Financial autonomy (2015) ?
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

54.372%

Cash flow / Revenue (2015) ?
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

3.57%

Repayment capacity (2015) ?
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

3.065

Asset age ratio (2015) ?
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

27.3%

Solvency indicators evolution
GTP GIRASE TRAVAUX PUBLICS

Sector positioning

Debt ratio
34.96 2015
2014
2015
Q1: 0.01
Med: 25.76
Q3: 66.26
Average +7 pts over 2 years

In 2015, the debt ratio of GTP GIRASE TRAVAUX PUBLICS (34.96) 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
54.37% 2015
2014
2015
Q1: 4.55%
Med: 21.6%
Q3: 41.17%
Excellent +38 pts over 2 years

In 2015, the financial autonomy of GTP GIRASE TRAVAUX PUBLICS (54.4%) 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.

Repayment capacity
3.06 years 2015
2014
2015
Q1: -0.24 years
Med: 0.0 years
Q3: 1.88 years
Average +22 pts over 2 years

In 2015, the repayment capacity of GTP GIRASE TRAVAUX PUBLICS (3.06) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 257.58. 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 9.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2015) ?
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

257.576

Interest coverage (2015) ?
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

9.541

Liquidity indicators evolution
GTP GIRASE TRAVAUX PUBLICS

Sector positioning

Liquidity ratio
257.58 2015
2014
2015
Q1: 108.42
Med: 141.97
Q3: 194.2
Excellent +24 pts over 2 years

In 2015, the liquidity ratio of GTP GIRASE TRAVAUX PUBLICS (257.58) 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.

Interest coverage
9.54x 2015
2014
2015
Q1: -2.59x
Med: 0.0x
Q3: 3.43x
Excellent +32 pts over 2 years

In 2015, the interest coverage of GTP GIRASE TRAVAUX PUBLICS (9.5x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The company must finance 6 days of gap between collections and payments. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 22 days of revenue, i.e. 329 k€ to permanently finance.

Operating WCR (2015) ?
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

329 057 €

Customer credit (2015) ?
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

41 j

Supplier credit (2015) ?
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

35 j

Inventory turnover (2015) ?
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

7 j

WCR in days of revenue (2015) ?
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

22 j

WCR and payment terms evolution
GTP GIRASE TRAVAUX PUBLICS

Positioning of GTP GIRASE TRAVAUX PUBLICS in its sector

Comparison with sector Construction de réseaux pour fluides

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (33 transactions). This range of 176 779€ to 861 737€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2015
Indicative
176k€ 225k€ 861k€
225 242 € Range: 176 779€ - 861 737€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 33 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 (Construction de réseaux pour fluides)

Compare GTP GIRASE TRAVAUX PUBLICS with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de réseaux pour fluides

Frequently asked questions about GTP GIRASE TRAVAUX PUBLICS

What is the revenue of GTP GIRASE TRAVAUX PUBLICS ?

The revenue of GTP GIRASE TRAVAUX PUBLICS in 2015 is 5.4 M€.

Is GTP GIRASE TRAVAUX PUBLICS profitable?

Yes, GTP GIRASE TRAVAUX PUBLICS generated a net profit of 117 k€ in 2015.

Where is the headquarters of GTP GIRASE TRAVAUX PUBLICS ?

The headquarters of GTP GIRASE TRAVAUX PUBLICS is located in SAINT-GILLES-CROIX-DE-VIE (85800), in the department Vendee.

Where to find the tax return of GTP GIRASE TRAVAUX PUBLICS ?

The tax return of GTP GIRASE TRAVAUX PUBLICS 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 GTP GIRASE TRAVAUX PUBLICS operate?

GTP GIRASE TRAVAUX PUBLICS operates in the sector Construction de réseaux pour fluides (NAF code 42.21Z). See the 'Sector positioning' section above to compare the company with its competitors.