SIREN : 790191647
INITIAL 03 is a French company founded 13 years ago, specialized in the sector Activités des agences de travail temporaire . Based in LES ABRETS EN DAUPHINE (38490), this company of category PME shows in 2024 a revenue of 3.7 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
| Indicator | 2024 | 2023 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 668 874 € | 3 771 373 € | N/C | N/C | N/C | N/C | N/C | 2 594 254 € |
| Net income | 91 510 € | 81 635 € | 40 493 € | 45 304 € | 41 224 € | 236 009 € | 177 752 € | 64 752 € |
| EBITDA | 216 075 € | 142 972 € | N/C | N/C | N/C | N/C | N/C | 123 714 € |
| Net margin | 2.5% | 2.2% | N/C | N/C | N/C | N/C | N/C | 2.5% |
In 2024, INITIAL 03 achieves revenue of 3.7 M€. Revenue is growing positively over 8 years (CAGR: +3.9%). Slight decline of -3% vs 2023. After deducting consumption (0 €), gross margin stands at 3.7 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 216 k€, representing 5.9% of revenue. Positive scissor effect: EBITDA margin improves by +2.1 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 92 k€, i.e. 2.5% of revenue. This profit can be retained or distributed to shareholders.
3 668 874 €
3 668 874 €
216 075 €
93 912 €
91 510 €
5.9%
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 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
0.0%
65.05%
2.781%
0.0
14.6%
In 2024, the debt ratio of INITIAL 03 (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.
In 2024, the financial autonomy of INITIAL 03 (65.0%) 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.
In 2024, the repayment capacity of INITIAL 03 (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.
The liquidity ratio (= Current assets / Current liabilities) stands at 284.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
284.0
0.0
In 2024, the liquidity ratio of INITIAL 03 (284.00) 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.
In 2024, the interest coverage of INITIAL 03 (0.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 49 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 299 days. Excellent situation: suppliers finance 250 days of the operating cycle (retail model). Overall, WCR represents 244 days of revenue, i.e. 2.5 M€ to permanently finance. Over 2015-2024, WCR increased by +1114%, requiring additional financing.
2 486 506 €
49 j
299 j
0 j
244 j
Based on 135 transactions of similar company sales (all years), the value of INITIAL 03 is estimated at 337 590 € (range 188 459€ - 755 616€). With an EBITDA of 216 075€, 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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare INITIAL 03 with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de travail temporaire
The revenue of INITIAL 03 in 2024 is 3.7 M€.
Yes, INITIAL 03 generated a net profit of 92 k€ in 2024.
The headquarters of INITIAL 03 is located in LES ABRETS EN DAUPHINE (38490), in the department Isere.
The tax return of INITIAL 03 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).
INITIAL 03 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.