SIREN : 444574693
INITIAL PROJECT is a French company founded 23 years ago, specialized in the sector Autres activités récréatives et de loisirs. Based in BALMA (31130), this company of category PME shows in 2024 a revenue of 618 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 617 507 € | 462 487 € | 271 465 € | 272 350 € | N/C | 1 207 543 € |
| Net income | 71 429 € | 69 443 € | -27 056 € | 48 126 € | 71 397 € | 69 128 € |
| EBITDA | 122 322 € | 97 294 € | -26 506 € | 81 275 € | N/C | 194 998 € |
| Net margin | 11.6% | 15.0% | -10.0% | 17.7% | N/C | 5.7% |
In 2024, INITIAL PROJECT achieves revenue of 618 k€. Revenue is declining over the period 2016-2024 (CAGR: -8.0%). Vs 2023, growth of +34% (462 k€ -> 618 k€). After deducting consumption (309 k€), gross margin stands at 308 k€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 122 k€, representing 19.8% 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 71 k€, i.e. 11.6% of revenue. This profit can be retained or distributed to shareholders.
617 507 €
308 078 €
122 322 €
90 305 €
71 429 €
19.8%
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 85%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.551%
85.485%
14.621%
0.046
19.5%
In 2024, the debt ratio of INITIAL PROJECT (0.55) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of INITIAL PROJECT (85.5%) 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 PROJECT (0.05) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 674.69. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.
674.686
0.354
In 2024, the liquidity ratio of INITIAL PROJECT (674.69) 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 PROJECT (0.3x) 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: 101 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. The gap of 59 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 300 days of revenue, i.e. 515 k€ to permanently finance. Over 2016-2024, WCR increased by +23%, requiring additional financing.
515 439 €
101 j
42 j
0 j
300 j
Based on 114 transactions of similar company sales (all years), the value of INITIAL PROJECT is estimated at 555 988 € (range 306 549€ - 953 817€). With an EBITDA of 122 322€, the sector multiple of 5.1x is applied. The price/revenue ratio is 0.72x (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.
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This estimate is based on the analysis of 114 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 PROJECT with other companies in the same sector:
Voir toutes les statistiques du secteur Autres activités récréatives et de loisirs
The revenue of INITIAL PROJECT in 2024 is 618 k€.
Yes, INITIAL PROJECT generated a net profit of 71 k€ in 2024.
The headquarters of INITIAL PROJECT is located in BALMA (31130), in the department Haute-Garonne.
The tax return of INITIAL PROJECT 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 PROJECT operates in the sector Autres activités récréatives et de loisirs (NAF code 93.29Z). See the 'Sector positioning' section above to compare the company with its competitors.