GTS WOOD : revenue, balance sheet and financial ratios

GTS WOOD is a French company founded 16 years ago, specialized in the sector Intermédiaires du commerce en bois et matériaux de construction. Based in VILLIERS-COUTURE (17510), this company of category ETI shows in 2023 a revenue of 45.7 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 - GTS WOOD (SIREN 514693837)
Indicator 2023 2022 2020 2019 2018 2017 2016
Revenue 45 674 725 € 40 675 712 € 30 684 789 € 22 317 052 € 10 986 585 € 6 155 433 € 3 958 836 €
Net income 4 868 509 € 1 901 792 € 2 014 192 € 1 143 942 € 501 027 € 366 975 € 142 895 €
EBITDA 6 616 121 € 3 460 813 € 2 822 087 € 1 632 585 € 733 722 € 554 316 € 225 697 €
Net margin 10.7% 4.7% 6.6% 5.1% 4.6% 6.0% 3.6%

Revenue and income statement

In 2023, GTS WOOD achieves revenue of 45.7 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +41.8%. Vs 2022, growth of +12% (40.7 M€ -> 45.7 M€). After deducting consumption (31.8 M€), gross margin stands at 13.8 M€, i.e. a rate of 30%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.6 M€, representing 14.5% of revenue. Positive scissor effect: EBITDA margin improves by +6.0 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.9 M€, i.e. 10.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

45 674 725 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

13 833 130 €

EBITDA (2023) ?
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

6 616 121 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

6 595 712 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

4 868 509 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

14.5%

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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 27%. 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 59%. 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 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

26.602%

Financial autonomy (2023) ?
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

59.087%

Cash flow / Revenue (2023) ?
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

10.657%

Repayment capacity (2023) ?
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

0.762

Solvency indicators evolution
GTS WOOD

Sector positioning

Debt ratio
26.6 2023
2020
2022
2023
Q1: 0.06
Med: 10.96
Q3: 53.05
Average -16 pts over 3 years

In 2023, the debt ratio of GTS WOOD (26.60) 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
59.09% 2023
2020
2022
2023
Q1: 12.77%
Med: 39.69%
Q3: 60.03%
Good +24 pts over 3 years

In 2023, the financial autonomy of GTS WOOD (59.1%) 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.

Repayment capacity
0.76 years 2023
2020
2022
2023
Q1: 0.0 years
Med: 0.03 years
Q3: 0.88 years
Average

In 2023, the repayment capacity of GTS WOOD (0.76) 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 400.50. 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 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2023) ?
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

400.502

Interest coverage (2023) ?
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

1.597

Liquidity indicators evolution
GTS WOOD

Sector positioning

Liquidity ratio
400.5 2023
2020
2022
2023
Q1: 149.02
Med: 230.32
Q3: 384.46
Excellent

In 2023, the liquidity ratio of GTS WOOD (400.50) 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
1.6x 2023
2020
2022
2023
Q1: 0.0x
Med: 0.01x
Q3: 2.05x
Good

In 2023, the interest coverage of GTS WOOD (1.6x) 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: 54 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. The company must finance 22 days of gap between collections and payments. Inventory turnover is 67 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 103 days of revenue, i.e. 13.0 M€ to permanently finance. Over 2016-2023, WCR increased by +1152%, requiring additional financing.

Operating WCR (2023) ?
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

13 016 840 €

Customer credit (2023) ?
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

54 j

Supplier credit (2023) ?
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

32 j

Inventory turnover (2023) ?
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

67 j

WCR in days of revenue (2023) ?
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

103 j

WCR and payment terms evolution
GTS WOOD

Positioning of GTS WOOD in its sector

Comparison with sector Intermédiaires du commerce en bois et matériaux de construction

Valuation estimate

Based on 229 transactions of similar company sales (all years), the value of GTS WOOD is estimated at 11 460 895 € (range 4 518 128€ - 35 383 421€). With an EBITDA of 6 616 121€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.32x (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 2023
229 transactions
4518k€ 11460k€ 35383k€
11 460 895 € Range: 4 518 128€ - 35 383 421€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
6 616 121 € × 1.6x
Estimation 10 747 662 €
3 507 571€ - 35 681 007€
Revenue Multiple 30%
45 674 725 € × 0.32x
Estimation 14 811 701 €
6 945 045€ - 36 238 090€
Net Income Multiple 20%
4 868 509 € × 1.7x
Estimation 8 217 771 €
3 404 148€ - 33 357 457€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 229 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 (Intermédiaires du commerce en bois et matériaux de construction)

Compare GTS WOOD with other companies in the same sector:

Voir toutes les statistiques du secteur Intermédiaires du commerce en bois et matériaux de construction

Frequently asked questions about GTS WOOD

What is the revenue of GTS WOOD ?

The revenue of GTS WOOD in 2023 is 45.7 M€.

Is GTS WOOD profitable?

Yes, GTS WOOD generated a net profit of 4.9 M€ in 2023.

Where is the headquarters of GTS WOOD ?

The headquarters of GTS WOOD is located in VILLIERS-COUTURE (17510), in the department Charente-Maritime.

Where to find the tax return of GTS WOOD ?

The tax return of GTS WOOD 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 GTS WOOD operate?

GTS WOOD operates in the sector Intermédiaires du commerce en bois et matériaux de construction (NAF code 46.13Z). See the 'Sector positioning' section above to compare the company with its competitors.