INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS : revenue, balance sheet and financial ratios

INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS is a French company founded 17 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers. Based in MEYLAN (38240), this company of category PME shows in 2022 a revenue of 2.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS (SIREN 510335128)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 2 167 067 € 3 325 626 € 3 003 548 € 4 458 894 € 4 324 416 € 4 596 586 € 4 097 402 €
Net income 569 900 € -714 363 € -269 981 € 7 842 € 9 209 € -88 231 € -330 593 €
EBITDA -363 879 € -831 214 € -306 420 € -113 315 € -61 528 € -111 353 € -134 145 €
Net margin 26.3% -21.5% -9.0% 0.2% 0.2% -1.9% -8.1%

Revenue and income statement

In 2022, INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS achieves revenue of 2.2 M€. Revenue is declining over the period 2016-2022 (CAGR: -10.1%). Significant drop of -35% vs 2021. After deducting consumption (1.4 M€), gross margin stands at 728 k€, i.e. a rate of 34%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -364 k€, representing -16.8% of revenue. Positive scissor effect: EBITDA margin improves by +8.2 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 570 k€, i.e. 26.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 167 067 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

728 062 €

EBITDA (2022) ?
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

-363 879 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-415 385 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

569 900 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-16.8%

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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 72%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

71.583%

Financial autonomy (2022) ?
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

43.354%

Cash flow / Revenue (2022) ?
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

-15.761%

Repayment capacity (2022) ?
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

-0.645

Asset age ratio (2022) ?
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

1.4%

Solvency indicators evolution
INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS

Sector positioning

Debt ratio
71.58 2022
2020
2021
2022
Q1: 0.08
Med: 14.47
Q3: 58.31
Average

In 2022, the debt ratio of INSTITUT DE RECHERCHE FON... (71.58) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
43.35% 2022
2020
2021
2022
Q1: 24.34%
Med: 43.53%
Q3: 62.15%
Average +23 pts over 3 years

In 2022, the financial autonomy of INSTITUT DE RECHERCHE FON... (43.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-0.65 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.2 years
Q3: 1.92 years
Excellent

In 2022, the repayment capacity of INSTITUT DE RECHERCHE FON... (-0.65) 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 441.43. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

441.433

Interest coverage (2022) ?
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

-1.859

Liquidity indicators evolution
INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS

Sector positioning

Liquidity ratio
441.43 2022
2020
2021
2022
Q1: 164.49
Med: 233.99
Q3: 350.69
Excellent

In 2022, the liquidity ratio of INSTITUT DE RECHERCHE FON... (441.43) 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
-1.86x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.61x
Q3: 3.81x
Average

In 2022, the interest coverage of INSTITUT DE RECHERCHE FON... (-1.9x) 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: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The company must finance 11 days of gap between collections and payments. Inventory turnover is 85 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 86 days of revenue, i.e. 518 k€ to permanently finance.

Operating WCR (2022) ?
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

518 211 €

Customer credit (2022) ?
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

39 j

Supplier credit (2022) ?
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

28 j

Inventory turnover (2022) ?
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

85 j

WCR in days of revenue (2022) ?
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

86 j

WCR and payment terms evolution
INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS

Positioning of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (24 transactions). This range of 337 070€ to 951 133€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2022
Indicative
337k€ 514k€ 951k€
514 190 € Range: 337 070€ - 951 133€
NAF 5 année 2022

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 24 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 (Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers)

Compare INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Frequently asked questions about INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS

What is the revenue of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS ?

The revenue of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS in 2022 is 2.2 M€.

Is INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS profitable?

Yes, INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS generated a net profit of 570 k€ in 2022.

Where is the headquarters of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS ?

The headquarters of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS is located in MEYLAN (38240), in the department Isere.

Where to find the tax return of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS ?

The tax return of INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS 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 INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS operate?

INSTITUT DE RECHERCHE FONDAMENTALE EN TECHNOLOGIES SOLAIRES - IRFTS operates in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (NAF code 46.69B). See the 'Sector positioning' section above to compare the company with its competitors.