INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) : revenue, balance sheet and financial ratios

INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) is a French company founded 14 years ago, specialized in the sector Ingénierie, études techniques. Based in PALAISEAU (91120), this company of category GE shows in 2024 a revenue of 6.3 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 PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) (SIREN 539072793)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 265 273 € 6 310 071 € 6 276 313 € 6 301 554 € 5 805 343 € 7 769 940 € 7 824 821 € 3 486 233 € 1 781 903 €
Net income -1 190 309 € -636 098 € 813 189 € 636 164 € 1 494 256 € 1 465 764 € -357 211 € 185 658 € -1 831 492 €
EBITDA 2 360 057 € 3 248 200 € 4 498 570 € 4 455 807 € 3 848 833 € 4 194 382 € 2 913 991 € 1 325 669 € -1 079 300 €
Net margin -19.0% -10.1% 13.0% 10.1% 25.7% 18.9% -4.6% 5.3% -102.8%

Revenue and income statement

In 2024, INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) achieves revenue of 6.3 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +17.0%. Slight decline of -1% vs 2023. After deducting consumption (442 k€), gross margin stands at 5.8 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.4 M€, representing 37.7% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -27%, reducing margin by 13.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -1.2 M€ (-19.0% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

6 265 273 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 823 366 €

EBITDA (2024) ?
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

2 360 057 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-523 075 €

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

-1 190 309 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

19.3%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 145%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 14.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

144.54%

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

35.564%

Cash flow / Revenue (2024) ?
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

14.18%

Repayment capacity (2024) ?
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

11.723

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

50.1%

Solvency indicators evolution
INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF)

Sector positioning

Debt ratio
144.54 2024
2022
2023
2024
Q1: 0.0
Med: 8.25
Q3: 42.9
Average

In 2024, the debt ratio of INSTITUT PHOTOVOLTAIQUE D... (144.54) 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
35.56% 2024
2022
2023
2024
Q1: 11.27%
Med: 37.87%
Q3: 61.33%
Average

In 2024, the financial autonomy of INSTITUT PHOTOVOLTAIQUE D... (35.6%) 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
11.72 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.9 years
Average

In 2024, the repayment capacity of INSTITUT PHOTOVOLTAIQUE D... (11.72) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 260.47. 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 40.9x. Operating income very largely covers interest expenses: high safety margin.

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

260.466

Interest coverage (2024) ?
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

40.941

Liquidity indicators evolution
INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF)

Sector positioning

Liquidity ratio
260.47 2024
2022
2023
2024
Q1: 148.97
Med: 229.92
Q3: 405.25
Good -5 pts over 3 years

In 2024, the liquidity ratio of INSTITUT PHOTOVOLTAIQUE D... (260.47) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
40.94x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.05x
Excellent

In 2024, the interest coverage of INSTITUT PHOTOVOLTAIQUE D... (40.9x) 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. Average customer payment term: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 118 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Inventory turnover is 13 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-76 days): operations structurally generate cash. Over 2016-2024, WCR increased by +35%, requiring additional financing.

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

-1 328 802 €

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

52 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

118 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

13 j

WCR in days of revenue (2024) ?
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

-76 j

WCR and payment terms evolution
INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF)

Positioning of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 758 410€ to 6 911 319€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
758k€ 2140k€ 6911k€
2 140 492 € Range: 758 410€ - 6 911 319€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 40 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 (Ingénierie, études techniques)

Compare INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF)

What is the revenue of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) ?

The revenue of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) in 2024 is 6.3 M€.

Is INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) profitable?

INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) recorded a net loss in 2024.

Where is the headquarters of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) ?

The headquarters of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) is located in PALAISEAU (91120), in the department Essonne.

Where to find the tax return of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) ?

The tax return of INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) 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 PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) operate?

INSTITUT PHOTOVOLTAIQUE D' ILE DE FRANCE (IPVF) operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.