INSTIT SUPER SECRET ETUD COMPT : revenue, balance sheet and financial ratios

In 2025, INSTIT SUPER SECRET ETUD COMPT achieves revenue of 4.7 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +8.6%. Significant drop of -13% vs 2024. After deducting consumption (0 €), gross margin stands at 4.7 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 920 k€, representing 19.7% of revenue. Warning negative scissor effect: despite revenue change (-13%), EBITDA varies by -44%, reducing margin by 10.8 pts. This reflects costs rising faster than 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 370 k€, i.e. 7.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 4%. 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 79%. 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 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 570.31. 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 2.4x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 81 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. The company must finance 17 days of gap between collections and payments. Overall, WCR represents 77 days of revenue, i.e. 1.0 M€ to permanently finance. Over 2016-2025, WCR increased by +177%, requiring additional financing.

Based on 412 transactions of similar company sales (all years), the value of INSTIT SUPER SECRET ETUD COMPT is estimated at 2 055 405 € (range 841 050€ - 5 435 821€). With an EBITDA of 920 472€, the sector multiple of 3.0x is applied. The price/revenue ratio is 0.29x (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.