HAPPY DAYS RECEPTION : revenue, balance sheet and financial ratios

HAPPY DAYS RECEPTION is a French company founded 16 years ago, specialized in the sector Organisation de foires, salons professionnels et congrès. Based in MERIGNAC (33700), this company of category PME shows in 2025 a revenue of 701 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

Financial history - HAPPY DAYS RECEPTION (SIREN 520685025)
Indicator 2025 2024 2023 2021 2020 2019 2018 2017
Revenue 700 814 € 738 351 € 782 883 € 147 191 € 614 476 € 529 519 € 512 046 € 402 619 €
Net income 48 791 € 108 113 € 187 228 € -139 498 € 21 489 € 17 292 € 44 094 € 36 262 €
EBITDA 176 952 € 244 901 € 296 382 € -18 118 € 152 963 € 135 901 € 168 759 € 102 837 €
Net margin 7.0% 14.6% 23.9% -94.8% 3.5% 3.3% 8.6% 9.0%

Revenue and income statement

In 2025, HAPPY DAYS RECEPTION achieves revenue of 701 k€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +7.2%. Slight decline of -5% vs 2024. After deducting consumption (5 k€), gross margin stands at 695 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 177 k€, representing 25.2% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -28%, reducing margin by 7.9 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 49 k€, i.e. 7.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

700 814 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

695 353 €

EBITDA (2025) ?
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

176 952 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

49 755 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

48 791 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

25.2%

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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 0%. 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 86%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 23.9% 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 (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
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

86.405%

Cash flow / Revenue (2025) ?
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

23.88%

Repayment capacity (2025) ?
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

0.0

Asset age ratio (2025) ?
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

43.6%

Solvency indicators evolution
HAPPY DAYS RECEPTION

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.11
Med: 9.21
Q3: 45.68
Excellent

In 2025, the debt ratio of HAPPY DAYS RECEPTION (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
86.41% 2025
2023
2024
2025
Q1: 10.59%
Med: 33.6%
Q3: 57.66%
Excellent +8 pts over 3 years

In 2025, the financial autonomy of HAPPY DAYS RECEPTION (86.4%) 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
0.0 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.01 years
Q3: 0.95 years
Excellent

In 2025, the repayment capacity of HAPPY DAYS RECEPTION (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 180.16. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

180.155

Interest coverage (2025) ?
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

0.0

Liquidity indicators evolution
HAPPY DAYS RECEPTION

Sector positioning

Liquidity ratio
180.16 2025
2023
2024
2025
Q1: 141.76
Med: 230.44
Q3: 509.74
Average -15 pts over 3 years

In 2025, the liquidity ratio of HAPPY DAYS RECEPTION (180.16) 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
0.0x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 0.94x
Average

In 2025, the interest coverage of HAPPY DAYS RECEPTION (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 63 days. Excellent situation: suppliers finance 45 days of the operating cycle (retail model). Overall, WCR represents 76 days of revenue, i.e. 148 k€ to permanently finance. Over 2017-2025, WCR increased by +220%, requiring additional financing.

Operating WCR (2025) ?
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

148 068 €

Customer credit (2025) ?
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

18 j

Supplier credit (2025) ?
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

63 j

Inventory turnover (2025) ?
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 (2025) ?
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

76 j

WCR and payment terms evolution
HAPPY DAYS RECEPTION

Positioning of HAPPY DAYS RECEPTION in its sector

Comparison with sector Organisation de foires, salons professionnels et congrès

Valuation estimate

Based on 63 transactions of similar company sales (all years), the value of HAPPY DAYS RECEPTION is estimated at 298 533 € (range 131 075€ - 872 378€). With an EBITDA of 176 952€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.68x (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.

Estimated enterprise value 2025
63 tx
131k€ 298k€ 872k€
298 533 € Range: 131 075€ - 872 378€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
176 952 € × 1.6x
Estimation 276 409 €
131 150€ - 1 094 044€
Revenue Multiple 30%
700 814 € × 0.68x
Estimation 476 830 €
181 759€ - 886 482€
Net Income Multiple 20%
48 791 € × 1.8x
Estimation 86 398 €
54 865€ - 297 060€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Organisation de foires, salons professionnels et congrès)

Compare HAPPY DAYS RECEPTION with other companies in the same sector:

Voir toutes les statistiques du secteur Organisation de foires, salons professionnels et congrès

Frequently asked questions about HAPPY DAYS RECEPTION

What is the revenue of HAPPY DAYS RECEPTION ?

The revenue of HAPPY DAYS RECEPTION in 2025 is 701 k€.

Is HAPPY DAYS RECEPTION profitable?

Yes, HAPPY DAYS RECEPTION generated a net profit of 49 k€ in 2025.

Where is the headquarters of HAPPY DAYS RECEPTION ?

The headquarters of HAPPY DAYS RECEPTION is located in MERIGNAC (33700), in the department Gironde.

Where to find the tax return of HAPPY DAYS RECEPTION ?

The tax return of HAPPY DAYS RECEPTION 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 HAPPY DAYS RECEPTION operate?

HAPPY DAYS RECEPTION operates in the sector Organisation de foires, salons professionnels et congrès (NAF code 82.30Z). See the 'Sector positioning' section above to compare the company with its competitors.