JOINTS DE CLOISONS SECHES : revenue, balance sheet and financial ratios

JOINTS DE CLOISONS SECHES is a French company founded 19 years ago, specialized in the sector Travaux de plâtrerie. Based in NIORT (79000), this company of category PME shows in 2022 a revenue of 180 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 - JOINTS DE CLOISONS SECHES (SIREN 493782866)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 179 973 € 156 225 € 144 873 € 134 909 € 132 859 € 120 741 € 117 424 €
Net income 26 188 € 27 384 € 19 779 € 13 206 € 19 722 € 8 127 € 10 263 €
EBITDA 30 287 € 31 846 € 21 844 € 15 026 € 21 993 € 9 370 € 11 823 €
Net margin 14.6% 17.5% 13.7% 9.8% 14.8% 6.7% 8.7%

Revenue and income statement

In 2022, JOINTS DE CLOISONS SECHES achieves revenue of 180 k€. Over the period 2016-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +7.4%. Vs 2021, growth of +15% (156 k€ -> 180 k€). After deducting consumption (16 k€), gross margin stands at 164 k€, i.e. a rate of 91%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30 k€, representing 16.8% of revenue. Warning negative scissor effect: despite revenue change (+15%), EBITDA varies by -5%, reducing margin by 3.6 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 26 k€, i.e. 14.6% 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

179 973 €

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

163 962 €

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

30 287 €

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

30 036 €

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

26 188 €

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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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 11%. 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 76%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.7% 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 (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

11.123%

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

76.423%

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

14.69%

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

0.388

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

5.4%

Solvency indicators evolution
JOINTS DE CLOISONS SECHES

Sector positioning

Debt ratio
11.12 2022
2020
2021
2022
Q1: 1.08
Med: 20.46
Q3: 69.75
Good -9 pts over 3 years

In 2022, the debt ratio of JOINTS DE CLOISONS SECHES (11.12) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
76.42% 2022
2020
2021
2022
Q1: 6.97%
Med: 28.28%
Q3: 49.56%
Excellent

In 2022, the financial autonomy of JOINTS DE CLOISONS SECHES (76.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.39 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.07 years
Q3: 1.37 years
Average -6 pts over 3 years

In 2022, the repayment capacity of JOINTS DE CLOISONS SECHES (0.39) 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 564.41. 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

564.412

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

0.0

Liquidity indicators evolution
JOINTS DE CLOISONS SECHES

Sector positioning

Liquidity ratio
564.41 2022
2020
2021
2022
Q1: 143.48
Med: 197.48
Q3: 284.6
Excellent

In 2022, the liquidity ratio of JOINTS DE CLOISONS SECHES (564.41) 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
0.0x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.04x
Q3: 1.95x
Average -27 pts over 3 years

In 2022, the interest coverage of JOINTS DE CLOISONS SECHES (0.0x) 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: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Overall, WCR represents 23 days of revenue, i.e. 11 k€ to permanently finance. Over 2016-2022, WCR increased by +4723%, requiring additional financing.

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

11 292 €

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

36 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

47 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

0 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

23 j

WCR and payment terms evolution
JOINTS DE CLOISONS SECHES

Positioning of JOINTS DE CLOISONS SECHES in its sector

Comparison with sector Travaux de plâtrerie

Valuation estimate

Based on 50 transactions of similar company sales in 2022, the value of JOINTS DE CLOISONS SECHES is estimated at 80 745 € (range 15 343€ - 136 319€). With an EBITDA of 30 287€, the sector multiple of 3.8x is applied. The price/revenue ratio is 0.22x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
50 tx
15k€ 80k€ 136k€
80 745 € Range: 15 343€ - 136 319€
NAF 4 année 2022 Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
30 287 € × 3.8x
Estimation 116 236 €
15 790€ - 164 704€
Revenue Multiple 30%
179 973 € × 0.22x
Estimation 39 494 €
15 388€ - 64 768€
Net Income Multiple 20%
26 188 € × 2.1x
Estimation 53 898 €
14 162€ - 172 687€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 50 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 (Travaux de plâtrerie)

Compare JOINTS DE CLOISONS SECHES with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de plâtrerie

Frequently asked questions about JOINTS DE CLOISONS SECHES

What is the revenue of JOINTS DE CLOISONS SECHES ?

The revenue of JOINTS DE CLOISONS SECHES in 2022 is 180 k€.

Is JOINTS DE CLOISONS SECHES profitable?

Yes, JOINTS DE CLOISONS SECHES generated a net profit of 26 k€ in 2022.

Where is the headquarters of JOINTS DE CLOISONS SECHES ?

The headquarters of JOINTS DE CLOISONS SECHES is located in NIORT (79000), in the department Deux-Sevres.

Where to find the tax return of JOINTS DE CLOISONS SECHES ?

The tax return of JOINTS DE CLOISONS SECHES 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 JOINTS DE CLOISONS SECHES operate?

JOINTS DE CLOISONS SECHES operates in the sector Travaux de plâtrerie (NAF code 43.31Z). See the 'Sector positioning' section above to compare the company with its competitors.