IKEA DEVELOPPEMENT SAS : revenue, balance sheet and financial ratios

IKEA DEVELOPPEMENT SAS is a French company founded 126 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PLAISIR (78370), this company of category GE shows in 2025 a revenue of 79.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - IKEA DEVELOPPEMENT SAS (SIREN 304200371)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 79 239 666 € 75 619 274 € 72 541 010 € 64 874 168 € 65 499 978 € 122 588 672 € 109 960 194 € 107 495 707 € 105 504 926 € 105 603 709 €
Net income 1 703 499 € 12 014 396 € 10 260 349 € 18 737 256 € -32 802 767 € 49 606 220 € 30 833 997 € 36 797 064 € 35 249 550 € 33 377 011 €
EBITDA 60 544 879 € 56 737 418 € 55 546 457 € 49 652 968 € 46 513 536 € 104 319 908 € 86 255 209 € 86 789 116 € 85 297 160 € 83 268 548 €
Net margin 2.1% 15.9% 14.1% 28.9% -50.1% 40.5% 28.0% 34.2% 33.4% 31.6%

Revenue and income statement

In 2025, IKEA DEVELOPPEMENT SAS achieves revenue of 79.2 M€. Activity remains stable over the period (CAGR: -3.1%). Vs 2024: +5%. After deducting consumption (0 €), gross margin stands at 79.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 60.5 M€, representing 76.4% of 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 1.7 M€, i.e. 2.1% 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

79 239 666 €

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

79 239 666 €

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

60 544 879 €

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

15 550 157 €

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

1 703 499 €

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

76.1%

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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 42%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 47%. 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 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 67.8% 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

42.281%

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

46.609%

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

67.84%

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

2.416

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

55.0%

Solvency indicators evolution
IKEA DEVELOPPEMENT SAS

Sector positioning

Debt ratio
42.28 2025
2023
2024
2025
Q1: 0.0
Med: 9.32
Q3: 106.89
Average -11 pts over 3 years

In 2025, the debt ratio of IKEA DEVELOPPEMENT SAS (42.28) 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
46.61% 2025
2023
2024
2025
Q1: 5.44%
Med: 48.25%
Q3: 86.22%
Average -7 pts over 3 years

In 2025, the financial autonomy of IKEA DEVELOPPEMENT SAS (46.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.42 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 1.1 years
Q3: 9.05 years
Average -13 pts over 3 years

In 2025, the repayment capacity of IKEA DEVELOPPEMENT SAS (2.42) 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 6.73. 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 17.2x. Operating income very largely covers interest expenses: high safety margin.

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

6.73

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

17.224

Liquidity indicators evolution
IKEA DEVELOPPEMENT SAS

Sector positioning

Liquidity ratio
6.73 2025
2023
2024
2025
Q1: 94.97
Med: 379.16
Q3: 1892.71
Watch

In 2025, the liquidity ratio of IKEA DEVELOPPEMENT SAS (6.73) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
17.22x 2025
2023
2024
2025
Q1: -0.08x
Med: 0.0x
Q3: 11.93x
Excellent

In 2025, the interest coverage of IKEA DEVELOPPEMENT SAS (17.2x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 565 days. Excellent situation: suppliers finance 529 days of the operating cycle (retail model). WCR is negative (-1375 days): operations structurally generate cash. Notable WCR improvement over the period (-673%), freeing up cash.

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

-302 607 568 €

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

36 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

565 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

-1375 j

WCR and payment terms evolution
IKEA DEVELOPPEMENT SAS

Positioning of IKEA DEVELOPPEMENT SAS in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 117 transactions of similar company sales in 2025, the value of IKEA DEVELOPPEMENT SAS is estimated at 104 544 269 € (range 63 734 028€ - 292 269 577€). With an EBITDA of 60 544 879€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (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.

Estimated enterprise value 2025
117 transactions
63734k€ 104544k€ 292269k€
104 544 269 € Range: 63 734 028€ - 292 269 577€
NAF 5 année 2025

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
60 544 879 € × 2.7x
Estimation 162 270 931 €
106 106 410€ - 474 231 854€
Revenue Multiple 30%
79 239 666 € × 0.92x
Estimation 72 766 319 €
34 171 777€ - 171 603 514€
Net Income Multiple 20%
1 703 499 € × 4.6x
Estimation 7 894 544 €
2 146 449€ - 18 362 979€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 (Location de terrains et d'autres biens immobiliers)

Compare IKEA DEVELOPPEMENT SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about IKEA DEVELOPPEMENT SAS

What is the revenue of IKEA DEVELOPPEMENT SAS ?

The revenue of IKEA DEVELOPPEMENT SAS in 2025 is 79.2 M€.

Is IKEA DEVELOPPEMENT SAS profitable?

Yes, IKEA DEVELOPPEMENT SAS generated a net profit of 1.7 M€ in 2025.

Where is the headquarters of IKEA DEVELOPPEMENT SAS ?

The headquarters of IKEA DEVELOPPEMENT SAS is located in PLAISIR (78370), in the department Yvelines.

Where to find the tax return of IKEA DEVELOPPEMENT SAS ?

The tax return of IKEA DEVELOPPEMENT SAS 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 IKEA DEVELOPPEMENT SAS operate?

IKEA DEVELOPPEMENT SAS operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.