IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) : revenue, balance sheet and financial ratios

IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) is a French company founded 8 years ago, specialized in the sector Construction de maisons individuelles. Based in ANGERS (49000), this company of category PME shows in 2024 a revenue of 3.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) (SIREN 839475142)
Indicator 2024 2023 2022 2021 2020 2019
Revenue 3 896 999 € 4 568 975 € 2 894 813 € 3 974 027 € 2 777 151 € 1 614 369 €
Net income 476 846 € 487 209 € 288 081 € 403 371 € 231 311 € 45 066 €
EBITDA 629 027 € 654 150 € 404 728 € 554 292 € 322 890 € 59 535 €
Net margin 12.2% 10.7% 10.0% 10.2% 8.3% 2.8%

Revenue and income statement

In 2024, IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) achieves revenue of 3.9 M€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +19.3%. Significant drop of -15% vs 2023. After deducting consumption (406 k€), gross margin stands at 3.5 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 629 k€, representing 16.1% 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 477 k€, i.e. 12.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 896 999 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 490 679 €

EBITDA (2024) ?
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

629 027 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

628 710 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

476 846 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

16.1%

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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 35%. The balance between equity and debt is satisfactory. Cash flow represents 12.2% 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 (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.015%

Financial autonomy (2024) ?
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

34.86%

Cash flow / Revenue (2024) ?
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

12.241%

Repayment capacity (2024) ?
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 (2024) ?
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

6.7%

Solvency indicators evolution
IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO)

Sector positioning

Debt ratio
0.01 2024
2022
2023
2024
Q1: 0.01
Med: 9.43
Q3: 42.45
Excellent

In 2024, the debt ratio of IMMOBILIERE ANGEVINE DE C... (0.01) 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
34.86% 2024
2022
2023
2024
Q1: 5.78%
Med: 26.67%
Q3: 49.13%
Good +16 pts over 3 years

In 2024, the financial autonomy of IMMOBILIERE ANGEVINE DE C... (34.9%) 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
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.71 years
Excellent

In 2024, the repayment capacity of IMMOBILIERE ANGEVINE DE C... (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 152.79. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

152.789

Interest coverage (2024) ?
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
IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO)

Sector positioning

Liquidity ratio
152.79 2024
2022
2023
2024
Q1: 127.49
Med: 184.68
Q3: 290.32
Average +12 pts over 3 years

In 2024, the liquidity ratio of IMMOBILIERE ANGEVINE DE C... (152.79) 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 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.45x
Average

In 2024, the interest coverage of IMMOBILIERE ANGEVINE DE C... (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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. Favorable situation: supplier credit is longer than customer credit by 30 days. Overall, WCR represents 41 days of revenue, i.e. 449 k€ to permanently finance. Over 2019-2024, WCR increased by +757%, requiring additional financing.

Operating WCR (2024) ?
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

448 934 €

Customer credit (2024) ?
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

1 j

Supplier credit (2024) ?
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

31 j

Inventory turnover (2024) ?
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 (2024) ?
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

41 j

WCR and payment terms evolution
IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO)

Positioning of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) in its sector

Comparison with sector Construction de maisons individuelles

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) is estimated at 1 512 796 € (range 602 183€ - 2 854 676€). With an EBITDA of 629 027€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.11x (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 2024
113 transactions
602k€ 1512k€ 2854k€
1 512 796 € Range: 602 183€ - 2 854 676€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
629 027 € × 3.6x
Estimation 2 294 839 €
864 805€ - 3 173 772€
Revenue Multiple 30%
3 896 999 € × 0.11x
Estimation 428 811 €
298 422€ - 1 681 292€
Net Income Multiple 20%
476 846 € × 2.5x
Estimation 1 183 667 €
401 270€ - 3 817 014€
How is this estimate calculated?

This estimate is based on the analysis of 113 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 maisons individuelles)

Compare IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de maisons individuelles

Frequently asked questions about IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO)

What is the revenue of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) ?

The revenue of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) in 2024 is 3.9 M€.

Is IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) profitable?

Yes, IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) generated a net profit of 477 k€ in 2024.

Where is the headquarters of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) ?

The headquarters of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) is located in ANGERS (49000), in the department Maine-et-Loire.

Where to find the tax return of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) ?

The tax return of IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) 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 IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) operate?

IMMOBILIERE ANGEVINE DE CONSTRUCTION (IMACO) operates in the sector Construction de maisons individuelles (NAF code 41.20A). See the 'Sector positioning' section above to compare the company with its competitors.