INITIAL 02 : revenue, balance sheet and financial ratios

INITIAL 02 is a French company founded 10 years ago, specialized in the sector Activités des agences de travail temporaire . Based in LA VERPILLIERE (38290), this company of category PME shows in 2024 a revenue of 670 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 - INITIAL 02 (SIREN 819697483)
Indicator 2024 2023 2022 2021 2020
Revenue 670 449 € 577 695 € 1 067 293 € N/C N/C
Net income 37 482 € 45 831 € 95 607 € 133 433 € 107 299 €
EBITDA 38 222 € 35 472 € 134 937 € N/C N/C
Net margin 5.6% 7.9% 9.0% N/C N/C

Revenue and income statement

En 2024, INITIAL 02 alcanza unos ingresos de 670 k€. Los ingresos disminuyen en el período 2022-2024 (TCAC: -20.7%). Vs 2023, crecimiento de +16% (578 k€ -> 670 k€). Tras deducir el consumo (0 €), el margen bruto se sitúa en 670 k€, es decir, una tasa del 100%. El EBITDA alcanza 38 k€, representando el 5.7% de los ingresos. El margen operativo sigue siendo frágil, requiriendo vigilancia de costes. El resultado neto asciende a 37 k€, es decir, el 5.6% de los ingresos.

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

670 449 €

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

670 449 €

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

38 222 €

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

17 494 €

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

37 482 €

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

5.6%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

El ratio de endeudamiento (= Deuda financiera / Fondos propios x 100) se sitúa en 0%. Este nivel muy bajo refleja una estructura financiera sólida. La autonomía financiera (= Fondos propios / Total activo x 100) alcanza el 89%. Esta alta autonomía significa que la empresa financia la mayoría de sus activos con fondos propios. El flujo de caja representa el 5.6% de los ingresos. Nivel satisfactorio que permite financiar parcialmente el crecimiento.

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

89.186%

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

5.649%

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

48.6%

Solvency indicators evolution
INITIAL 02

Sector positioning

Ratio de endeudamiento
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 2.73
Q3: 26.78
Excelente -25 pts over 3 years

En 2024, el ratio de endeudamiento de INITIAL 02 (0.00) se sitúa en el 25% más bajo del sector, lo cual es positivo. Este ratio mide el peso de la deuda en relación con el patrimonio. Un ratio bajo indica una estructura financiera sólida con poca dependencia de los acreedores.

Autonomía financiera
89.19% 2024
2022
2023
2024
Q1: 11.73%
Med: 25.56%
Q3: 44.76%
Excelente +13 pts over 3 years

En 2024, el autonomía financiera de INITIAL 02 (89.2%) se sitúa en el top 25% del sector. Este ratio representa la parte del patrimonio en la financiación total. Alta autonomía refleja independencia financiera y capacidad para absorber choques.

Capacidad de reembolso
0.0 ans 2024
2022
2023
2024
Q1: 0.0 ans
Med: 0.0 ans
Q3: 0.27 ans
Excelente -46 pts over 3 years

En 2024, el capacidad de reembolso de INITIAL 02 (0.0 an) se sitúa en el 25% más bajo del sector, lo cual es positivo. Este ratio indica el número de años necesarios para pagar la deuda con flujo de caja. Una capacidad corta refleja deuda controlada y buena generación de efectivo.

Liquidity ratios

El ratio de liquidez se sitúa en 922.62. La empresa tiene 2€ de activos líquidos por cada 1€ de deuda a corto plazo.

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

922.624

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
INITIAL 02

Sector positioning

Ratio de liquidez
922.62 2024
2022
2023
2024
Q1: 111.16
Med: 138.5
Q3: 192.32
Excelente

En 2024, el ratio de liquidez de INITIAL 02 (922.62) se sitúa en el top 25% del sector. Este ratio mide la capacidad de cubrir deuda a corto plazo con activos corrientes. Un ratio superior a 1 asegura cobertura cómoda de vencimientos a corto plazo.

Cobertura de intereses
0.0x 2024
2022
2023
2024
Q1: -0.69x
Med: 0.0x
Q3: 1.34x
Bueno

En 2024, el cobertura de intereses de INITIAL 02 (0.0x) se sitúa por encima de la mediana del sector. Este ratio indica cuántas veces el resultado operativo cubre los gastos de intereses. Esta posición cómoda ofrece un margen de seguridad apreciable.

Working capital requirement (WCR) and payment terms

El fondo de maniobra operativo (FM) mide el desfase temporal de tesorería. Plazo medio de cobro a clientes: 61 días. Plazo proveedores: 174 días. Excelente situación: los proveedores financian 113 días del ciclo operativo. El FM representa 973 días de ingresos.

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

1 811 406 €

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

61 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

174 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

973 j

WCR and payment terms evolution
INITIAL 02

Positioning of INITIAL 02 in its sector

Comparison with sector Activités des agences de travail temporaire

Valuation estimate

Based on 135 transactions of similar company sales (all years), the value of INITIAL 02 is estimated at 68 086 € (range 37 681€ - 155 060€). With an EBITDA of 38 222€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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
135 transactions
37k€ 68k€ 155k€
68 086 € Range: 37 681€ - 155 060€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
38 222 € × 2.0x
Estimation 77 505 €
37 149€ - 182 584€
Revenue Multiple 30%
670 449 € × 0.08x
Estimation 51 579 €
40 479€ - 92 210€
Net Income Multiple 20%
37 482 € × 1.8x
Estimation 69 301 €
34 819€ - 180 529€
How is this estimate calculated?

This estimate is based on the analysis of 135 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 (Activités des agences de travail temporaire )

Compare INITIAL 02 with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de travail temporaire

Frequently asked questions about INITIAL 02

What is the revenue of INITIAL 02 ?

The revenue of INITIAL 02 in 2024 is 670 k€.

Is INITIAL 02 profitable?

Yes, INITIAL 02 generated a net profit of 37 k€ in 2024.

Where is the headquarters of INITIAL 02 ?

The headquarters of INITIAL 02 is located in LA VERPILLIERE (38290), in the department Isere.

Where to find the tax return of INITIAL 02 ?

The tax return of INITIAL 02 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 INITIAL 02 operate?

INITIAL 02 operates in the sector Activités des agences de travail temporaire (NAF code 78.20Z). See the 'Sector positioning' section above to compare the company with its competitors.