INETUM MODERNISATION SOLUTIONS : revenue, balance sheet and financial ratios

INETUM MODERNISATION SOLUTIONS is a French company founded 31 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in SAINT-OUEN-SUR-SEINE (93400), this company of category GE shows in 2024 a revenue of 7.4 M€. 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 - INETUM MODERNISATION SOLUTIONS (SIREN 398138545)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 7 374 068 € 7 339 638 € 6 555 258 € 6 239 004 € 4 713 663 € 7 382 669 000 € 3 729 440 € 4 208 008 € 4 472 072 €
Net income 1 589 351 € 1 151 056 € 578 186 € 722 512 € 160 348 € 954 480 000 € -1 659 091 € -1 445 851 € -481 714 €
EBITDA 1 708 853 € 1 187 483 € 877 310 € 1 033 511 € 86 060 € 1 599 993 000 € -792 139 € -863 287 € -850 361 €
Net margin 21.6% 15.7% 8.8% 11.6% 3.4% 12.9% -44.5% -34.4% -10.8%

Revenue and income statement

In 2024, INETUM MODERNISATION SOLUTIONS achieves revenue of 7.4 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.5%. Vs 2023: +0%. After deducting consumption (0 €), gross margin stands at 7.4 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 1.7 M€, representing 23.2% of revenue. Positive scissor effect: EBITDA margin improves by +7.0 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.6 M€, i.e. 21.6% 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

7 374 068 €

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

7 374 068 €

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

1 708 853 €

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

1 468 892 €

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

1 589 351 €

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

23.2%

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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 65%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 21.6% 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

0.0%

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

64.658%

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

21.637%

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

3.0%

Solvency indicators evolution
INETUM MODERNISATION SOLUTIONS

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 3.93
Q3: 32.58
Excellent

In 2024, the debt ratio of INETUM MODERNISATION SOLU... (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
64.66% 2024
2022
2023
2024
Q1: 7.97%
Med: 34.38%
Q3: 62.44%
Excellent +7 pts over 3 years

In 2024, the financial autonomy of INETUM MODERNISATION SOLU... (64.7%) 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 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.5 years
Excellent

In 2024, the repayment capacity of INETUM MODERNISATION SOLU... (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 486.82. 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

486.816

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
INETUM MODERNISATION SOLUTIONS

Sector positioning

Liquidity ratio
486.82 2024
2022
2023
2024
Q1: 141.9
Med: 230.48
Q3: 460.89
Excellent +19 pts over 3 years

In 2024, the liquidity ratio of INETUM MODERNISATION SOLU... (486.82) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.04x
Average -50 pts over 3 years

In 2024, the interest coverage of INETUM MODERNISATION SOLU... (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: 106 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 39 days. The gap of 67 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 247 days of revenue, i.e. 5.1 M€ to permanently finance. Over 2016-2024, WCR increased by +532%, 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

5 062 888 €

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

106 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

39 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

247 j

WCR and payment terms evolution
INETUM MODERNISATION SOLUTIONS

Positioning of INETUM MODERNISATION SOLUTIONS in its sector

Comparison with sector Conseil en systèmes et logiciels informatiques

Valuation estimate

Based on 215 transactions of similar company sales (all years), the value of INETUM MODERNISATION SOLUTIONS is estimated at 1 658 505 € (range 708 293€ - 5 713 005€). With an EBITDA of 1 708 853€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (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
215 transactions
708k€ 1658k€ 5713k€
1 658 505 € Range: 708 293€ - 5 713 005€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
1 708 853 € × 1.0x
Estimation 1 668 950 €
630 368€ - 7 375 510€
Revenue Multiple 30%
7 374 068 € × 0.16x
Estimation 1 183 639 €
634 904€ - 2 162 099€
Net Income Multiple 20%
1 589 351 € × 1.5x
Estimation 2 344 694 €
1 013 193€ - 6 883 106€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 215 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 (Conseil en systèmes et logiciels informatiques)

Compare INETUM MODERNISATION SOLUTIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques

Frequently asked questions about INETUM MODERNISATION SOLUTIONS

What is the revenue of INETUM MODERNISATION SOLUTIONS ?

The revenue of INETUM MODERNISATION SOLUTIONS in 2024 is 7.4 M€.

Is INETUM MODERNISATION SOLUTIONS profitable?

Yes, INETUM MODERNISATION SOLUTIONS generated a net profit of 1.6 M€ in 2024.

Where is the headquarters of INETUM MODERNISATION SOLUTIONS ?

The headquarters of INETUM MODERNISATION SOLUTIONS is located in SAINT-OUEN-SUR-SEINE (93400), in the department Seine-Saint-Denis.

Where to find the tax return of INETUM MODERNISATION SOLUTIONS ?

The tax return of INETUM MODERNISATION SOLUTIONS 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 INETUM MODERNISATION SOLUTIONS operate?

INETUM MODERNISATION SOLUTIONS operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.