INSTITUT FORMELEC : revenue, balance sheet and financial ratios

INSTITUT FORMELEC is a French company founded 18 years ago, specialized in the sector Enseignement secondaire technique ou professionnel. Based in BAIE-MAHAULT (97122), this company of category PME shows in 2023 a revenue of 2.1 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

Financial history - INSTITUT FORMELEC (SIREN 498212349)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 2 068 637 € 1 901 201 € 1 681 175 € 1 115 300 € 1 641 436 € 1 127 337 € 955 939 € 908 188 €
Net income -89 968 € 74 335 € 91 956 € 112 649 € -195 381 € 148 085 € -17 942 € 6 381 € 34 801 €
EBITDA N/C 129 982 € 122 670 € 250 973 € -10 701 € 243 971 € 6 373 € 48 891 € 84 332 €
Net margin N/C 3.6% 4.8% 6.7% -17.5% 9.0% -1.6% 0.7% 3.8%

Revenue and income statement

In 2024, INSTITUT FORMELEC records a net loss of 90 k€. This deficit will reduce equity on the balance sheet.

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-89 968 €

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Chart evolution

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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 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 40%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

45.533%

Financial autonomy (2024) ?
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

40.342%

Asset age ratio (2024) ?
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

62.3%

Solvency indicators evolution
INSTITUT FORMELEC

Sector positioning

Debt ratio
45.53 2024
2022
2023
2024
Q1: 0.0
Med: 6.98
Q3: 39.51
Watch +15 pts over 3 years

In 2024, the debt ratio of INSTITUT FORMELEC (45.53) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
40.34% 2024
2022
2023
2024
Q1: 1.79%
Med: 27.85%
Q3: 59.43%
Good

In 2024, the financial autonomy of INSTITUT FORMELEC (40.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.78 years 2023
2022
2023
Q1: 0.0 years
Med: 0.01 years
Q3: 1.02 years
Watch +74 pts over 2 years

In 2023, the repayment capacity of INSTITUT FORMELEC (1.78) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 120.09. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

120.094

Liquidity indicators evolution
INSTITUT FORMELEC

Sector positioning

Liquidity ratio
120.09 2024
2022
2023
2024
Q1: 107.14
Med: 215.06
Q3: 399.56
Average -22 pts over 3 years

In 2024, the liquidity ratio of INSTITUT FORMELEC (120.09) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
1.86x 2023
2022
2023
Q1: 0.0x
Med: 0.01x
Q3: 1.81x
Excellent

In 2023, the interest coverage of INSTITUT FORMELEC (1.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

Operating WCR (2024) ?
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

0 €

Customer credit (2024) ?
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

0 j

Supplier credit (2024) ?
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

0 j

Inventory turnover (2024) ?
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

0 j

WCR and payment terms evolution
INSTITUT FORMELEC

Positioning of INSTITUT FORMELEC in its sector

Comparison with sector Enseignement secondaire technique ou professionnel

Similar companies (Enseignement secondaire technique ou professionnel)

Compare INSTITUT FORMELEC with other companies in the same sector:

Voir toutes les statistiques du secteur Enseignement secondaire technique ou professionnel

Frequently asked questions about INSTITUT FORMELEC

What is the revenue of INSTITUT FORMELEC ?

The revenue of INSTITUT FORMELEC in 2023 is 2.1 M€.

Is INSTITUT FORMELEC profitable?

INSTITUT FORMELEC recorded a net loss in 2024.

Where is the headquarters of INSTITUT FORMELEC ?

The headquarters of INSTITUT FORMELEC is located in BAIE-MAHAULT (97122), in the department Guadeloupe.

Where to find the tax return of INSTITUT FORMELEC ?

The tax return of INSTITUT FORMELEC 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 FORMELEC operate?

INSTITUT FORMELEC operates in the sector Enseignement secondaire technique ou professionnel (NAF code 85.32Z). See the 'Sector positioning' section above to compare the company with its competitors.