INTERNATIONAL PULP GROUP : revenue, balance sheet and financial ratios

INTERNATIONAL PULP GROUP is a French company founded 37 years ago, specialized in the sector Activités des sièges sociaux. Based in BOULOGNE BILLANCOURT (92100), this company of category ETI shows in 2023 a revenue of 390 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - INTERNATIONAL PULP GROUP (SIREN 350623831)
Indicator 2023 2022 2021 2019 2018 2017 2016 2015
Revenue 390 000 € 390 000 € 390 000 € 740 000 € 740 000 € 740 000 € 740 000 € 740 000 €
Net income 187 110 € 506 887 € 352 213 € 1 017 901 € 2 099 749 € 1 613 752 € 1 188 201 € 1 278 666 €
EBITDA -449 644 € -363 107 € -400 313 € -104 543 € 97 688 € 190 007 € 33 748 € 284 248 €
Net margin 48.0% 130.0% 90.3% 137.6% 283.7% 218.1% 160.6% 172.8%

Revenue and income statement

In 2023, INTERNATIONAL PULP GROUP achieves revenue of 390 k€. Revenue is declining over the period 2015-2023 (CAGR: -7.7%). Slight decline of 0% vs 2022. After deducting consumption (0 €), gross margin stands at 390 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -450 k€, representing -115.3% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -24%, reducing margin by 22.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 187 k€, i.e. 48.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

390 000 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

390 000 €

EBITDA (2023) ?
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

-449 644 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

82 999 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

187 110 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-115.3%

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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 27%. 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 73%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

27.442%

Financial autonomy (2023) ?
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

73.436%

Cash flow / Revenue (2023) ?
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

-8.334%

Repayment capacity (2023) ?
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

-92.661

Asset age ratio (2023) ?
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

44.2%

Solvency indicators evolution
INTERNATIONAL PULP GROUP

Sector positioning

Debt ratio
27.44 2023
2021
2022
2023
Q1: 0.15
Med: 18.74
Q3: 101.68
Average +23 pts over 3 years

In 2023, the debt ratio of INTERNATIONAL PULP GROUP (27.44) 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
73.44% 2023
2021
2022
2023
Q1: 13.72%
Med: 51.33%
Q3: 84.16%
Good -8 pts over 3 years

In 2023, the financial autonomy of INTERNATIONAL PULP GROUP (73.4%) 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
-92.66 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 3.84 years
Excellent -31 pts over 3 years

In 2023, the repayment capacity of INTERNATIONAL PULP GROUP (-92.66) 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 1352.08. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

1352.075

Interest coverage (2023) ?
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

-125.472

Liquidity indicators evolution
INTERNATIONAL PULP GROUP

Sector positioning

Liquidity ratio
1352.08 2023
2021
2022
2023
Q1: 110.36
Med: 414.42
Q3: 1923.42
Good +13 pts over 3 years

In 2023, the liquidity ratio of INTERNATIONAL PULP GROUP (1352.08) 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
-125.47x 2023
2021
2022
2023
Q1: -38.43x
Med: 0.0x
Q3: 2.72x
Average -16 pts over 3 years

In 2023, the interest coverage of INTERNATIONAL PULP GROUP (-125.5x) 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: 139 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. The gap of 66 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 1162 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2015-2023, WCR increased by +1733%, requiring additional financing.

Operating WCR (2023) ?
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

1 259 353 €

Customer credit (2023) ?
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

139 j

Supplier credit (2023) ?
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

73 j

Inventory turnover (2023) ?
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 in days of revenue (2023) ?
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

1162 j

WCR and payment terms evolution
INTERNATIONAL PULP GROUP

Positioning of INTERNATIONAL PULP GROUP in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 89 transactions of similar company sales in 2023, the value of INTERNATIONAL PULP GROUP is estimated at 626 565 € (range 290 241€ - 1 379 278€). The price/revenue ratio is 0.52x (in line with sector norms). 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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
89 tx
290k€ 626k€ 1379k€
626 565 € Range: 290 241€ - 1 379 278€
NAF 5 année 2023

Valuation detail by method

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Revenue Multiple 30%
390 000 € × 0.52x
Estimation 204 195 €
83 530€ - 361 884€
Net Income Multiple 20%
187 110 € × 6.7x
Estimation 1 260 121 €
600 308€ - 2 905 370€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 89 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 (Activités des sièges sociaux)

Compare INTERNATIONAL PULP GROUP with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about INTERNATIONAL PULP GROUP

What is the revenue of INTERNATIONAL PULP GROUP ?

The revenue of INTERNATIONAL PULP GROUP in 2023 is 390 k€.

Is INTERNATIONAL PULP GROUP profitable?

Yes, INTERNATIONAL PULP GROUP generated a net profit of 187 k€ in 2023.

Where is the headquarters of INTERNATIONAL PULP GROUP ?

The headquarters of INTERNATIONAL PULP GROUP is located in BOULOGNE BILLANCOURT (92100), in the department Hauts-de-Seine.

Where to find the tax return of INTERNATIONAL PULP GROUP ?

The tax return of INTERNATIONAL PULP GROUP 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 INTERNATIONAL PULP GROUP operate?

INTERNATIONAL PULP GROUP operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.