INSTITUT DES TECHNOLOGIES INFORMATIQUES ET DES SERVICES AUX ENTREPRISES : revenue, balance sheet and financial ratios

In 2024, INSTITUT DES TECHNOLOGIES INFORMATIQUES ET DES SERVICES AUX ENTREPRISES achieves revenue of 6.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +19.7%. Vs 2023, growth of +19% (5.2 M€ -> 6.1 M€). After deducting consumption (450 €), gross margin stands at 6.1 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 922 k€, representing 15.0% of revenue. Warning negative scissor effect: despite revenue change (+19%), EBITDA varies by -31%, 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 602 k€, i.e. 9.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 61%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.3% 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 232.81. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 24 days. The gap of 35 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 46 days of revenue, i.e. 784 k€ to permanently finance. Over 2016-2024, WCR increased by +328%, requiring additional financing.

Based on 412 transactions of similar company sales (all years), the value of INSTITUT DES TECHNOLOGIES INFORMATIQUES ET DES SERVICES AUX ENTREPRISES is estimated at 2 362 460 € (range 976 743€ - 6 307 803€). With an EBITDA of 922 141€, 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.