INDUSTRIAL SECURITIES ONNAING SAS : revenue, balance sheet and financial ratios

In 2024, INDUSTRIAL SECURITIES ONNAING SAS achieves revenue of 813 k€. Revenue is growing positively over 9 years (CAGR: +1.9%). Slight decline of -5% vs 2023. After deducting consumption (0 €), gross margin stands at 813 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 470 k€, representing 57.8% of revenue. Positive scissor effect: EBITDA margin improves by +9.0 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -151 k€ (-18.5% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at -2385%. 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 -4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 38.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 326.56. 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 34.9x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 99 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 131 days. Excellent situation: suppliers finance 32 days of the operating cycle (retail model). Overall, WCR represents 4 days of revenue, i.e. 8 k€ to permanently finance. Notable WCR improvement over the period (-69%), freeing up cash.

Based on 169 transactions of similar company sales in 2024, the value of INDUSTRIAL SECURITIES ONNAING SAS is estimated at 1 890 428 € (range 529 302€ - 3 393 836€). With an EBITDA of 469 835€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.