LA NORMANDE DE COGENERATION : revenue, balance sheet and financial ratios

LA NORMANDE DE COGENERATION is a French company founded 27 years ago, specialized in the sector Production d'électricité. Based in SAINT-ANDRE-SUR-ORNE (14320), this company of category GE shows in 2024 a revenue of 3.5 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 - LA NORMANDE DE COGENERATION (SIREN 421118894)
Indicator 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 3 452 279 € 5 830 594 € 9 778 432 € 6 268 337 € 4 787 647 € 6 816 161 € 7 618 198 € 5 830 923 €
Net income -470 659 € 237 308 € 384 443 € 908 390 € 821 € 97 104 € 276 032 € 131 334 €
EBITDA -195 154 € 590 026 € 701 763 € 1 265 772 € 686 590 € 891 817 € 1 076 420 € 749 138 €
Net margin -13.6% 4.1% 3.9% 14.5% 0.0% 1.4% 3.6% 2.3%

Revenue and income statement

In 2024, LA NORMANDE DE COGENERATION achieves revenue of 3.5 M€. Revenue is declining over the period 2016-2024 (CAGR: -6.3%). Significant drop of -41% vs 2023. After deducting consumption (3.1 M€), gross margin stands at 311 k€, i.e. a rate of 9%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -195 k€, representing -5.7% of revenue. Warning negative scissor effect: despite revenue change (-41%), EBITDA varies by -133%, reducing margin by 15.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -471 k€ (-13.6% 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

3 452 279 €

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

310 871 €

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

-195 154 €

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

-363 182 €

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

-470 659 €

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

-5.7%

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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 -99%. 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 -243%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-99.316%

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

-242.889%

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

-9.757%

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

-8.059

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

0.1%

Solvency indicators evolution
LA NORMANDE DE COGENERATION

Sector positioning

Debt ratio
-99.32 2024
2022
2023
2024
Q1: -273.65
Med: 0.0
Q3: 120.96
Good +6 pts over 3 years

In 2024, the debt ratio of LA NORMANDE DE COGENERATION (-99.32) 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
-242.89% 2024
2022
2023
2024
Q1: -12.1%
Med: 0.32%
Q3: 40.46%
Average

In 2024, the financial autonomy of LA NORMANDE DE COGENERATION (-242.9%) 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
-8.06 years 2024
2022
2023
2024
Q1: -4.9 years
Med: 0.0 years
Q3: 5.63 years
Excellent -43 pts over 3 years

In 2024, the repayment capacity of LA NORMANDE DE COGENERATION (-8.06) 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 98.11. 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

98.107

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

-53.916

Liquidity indicators evolution
LA NORMANDE DE COGENERATION

Sector positioning

Liquidity ratio
98.11 2024
2022
2023
2024
Q1: 83.26
Med: 273.74
Q3: 870.78
Average -7 pts over 3 years

In 2024, the liquidity ratio of LA NORMANDE DE COGENERATION (98.11) 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
-53.92x 2024
2022
2023
2024
Q1: -5.49x
Med: 0.0x
Q3: 19.34x
Average -33 pts over 3 years

In 2024, the interest coverage of LA NORMANDE DE COGENERATION (-53.9x) 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: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 84 days. Excellent situation: suppliers finance 34 days of the operating cycle (retail model). Overall, WCR represents 88 days of revenue, i.e. 846 k€ to permanently finance.

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

845 981 €

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

50 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

84 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 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

88 j

WCR and payment terms evolution
LA NORMANDE DE COGENERATION

Positioning of LA NORMANDE DE COGENERATION in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of LA NORMANDE DE COGENERATION is estimated at 2 388 426 € (range 470 213€ - 12 120 391€). The price/revenue ratio is 0.69x (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 2024
85 tx
470k€ 2388k€ 12120k€
2 388 426 € Range: 470 213€ - 12 120 391€
NAF 5 all-time

Valuation method used

Revenue Multiple
3 452 279 € × 0.69x = 2 388 426 €
Range: 470 213€ - 12 120 392€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Production d'électricité)

Compare LA NORMANDE DE COGENERATION with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about LA NORMANDE DE COGENERATION

What is the revenue of LA NORMANDE DE COGENERATION ?

The revenue of LA NORMANDE DE COGENERATION in 2024 is 3.5 M€.

Is LA NORMANDE DE COGENERATION profitable?

LA NORMANDE DE COGENERATION recorded a net loss in 2024.

Where is the headquarters of LA NORMANDE DE COGENERATION ?

The headquarters of LA NORMANDE DE COGENERATION is located in SAINT-ANDRE-SUR-ORNE (14320), in the department Calvados.

Where to find the tax return of LA NORMANDE DE COGENERATION ?

The tax return of LA NORMANDE DE COGENERATION 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 LA NORMANDE DE COGENERATION operate?

LA NORMANDE DE COGENERATION operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.