LE RELAIS DE LA FORGE : revenue, balance sheet and financial ratios

LE RELAIS DE LA FORGE is a French company founded 40 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in SELONNET (04140), this company of category PME shows in 2019 a revenue of 36 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

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

Financial history - LE RELAIS DE LA FORGE (SIREN 333954097)
Indicator 2019 2017
Revenue 35 720 € 57 929 €
Net income 36 546 € -9 833 €
EBITDA -29 216 € -4 144 €
Net margin 102.3% -17.0%

Revenue and income statement

In 2019, LE RELAIS DE LA FORGE achieves revenue of 36 k€. Significant drop of -38% vs 2017. After deducting consumption (8 k€), gross margin stands at 28 k€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -29 k€, representing -81.8% of revenue. Warning negative scissor effect: despite revenue change (-38%), EBITDA varies by -605%, reducing margin by 74.6 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 37 k€, i.e. 102.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

35 720 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

27 598 €

EBITDA (2019) ?
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

-29 216 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-32 794 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

36 546 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-81.8%

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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 71%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 33%. The balance between equity and debt is satisfactory.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

70.838%

Financial autonomy (2019) ?
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

32.95%

Cash flow / Revenue (2019) ?
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

-83.544%

Repayment capacity (2019) ?
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

-0.83

Solvency indicators evolution
LE RELAIS DE LA FORGE

Sector positioning

Debt ratio
70.84 2019
2017
2019
Q1: 0.0
Med: 12.62
Q3: 156.33
Average -15 pts over 2 years

In 2019, the debt ratio of LE RELAIS DE LA FORGE (70.84) 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
32.95% 2019
2017
2019
Q1: 2.77%
Med: 38.3%
Q3: 79.81%
Average +12 pts over 2 years

In 2019, the financial autonomy of LE RELAIS DE LA FORGE (33.0%) 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
-0.83 years 2019
2017
2019
Q1: 0.0 years
Med: 0.55 years
Q3: 8.61 years
Excellent

In 2019, the repayment capacity of LE RELAIS DE LA FORGE (-0.83) 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 60.98. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

60.975

Interest coverage (2019) ?
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
LE RELAIS DE LA FORGE

Sector positioning

Liquidity ratio
60.98 2019
2017
2019
Q1: 72.48
Med: 241.79
Q3: 939.07
Average -8 pts over 2 years

In 2019, the liquidity ratio of LE RELAIS DE LA FORGE (60.98) 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
0.0x 2019
2017
2019
Q1: 0.0x
Med: 0.0x
Q3: 13.75x
Average

In 2019, the interest coverage of LE RELAIS DE LA FORGE (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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 247 days. Excellent situation: suppliers finance 247 days of the operating cycle (retail model). Overall, WCR represents 234 days of revenue, i.e. 23 k€ to permanently finance.

Operating WCR (2019) ?
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

23 220 €

Customer credit (2019) ?
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 (2019) ?
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

247 j

Inventory turnover (2019) ?
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 (2019) ?
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

234 j

WCR and payment terms evolution
LE RELAIS DE LA FORGE

Positioning of LE RELAIS DE LA FORGE in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 234 transactions of similar company sales in 2019, the value of LE RELAIS DE LA FORGE is estimated at 108 305 € (range 42 275€ - 214 135€). 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.

Estimated enterprise value 2019
234 transactions
42k€ 108k€ 214k€
108 305 € Range: 42 275€ - 214 135€
NAF 5 année 2019

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
35 720 € × 0.69x
Estimation 24 611 €
11 763€ - 41 554€
Net Income Multiple 20%
36 546 € × 6.4x
Estimation 233 847 €
88 045€ - 473 006€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 234 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 (Location de terrains et d'autres biens immobiliers)

Compare LE RELAIS DE LA FORGE with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about LE RELAIS DE LA FORGE

What is the revenue of LE RELAIS DE LA FORGE ?

The revenue of LE RELAIS DE LA FORGE in 2019 is 36 k€.

Is LE RELAIS DE LA FORGE profitable?

Yes, LE RELAIS DE LA FORGE generated a net profit of 37 k€ in 2019.

Where is the headquarters of LE RELAIS DE LA FORGE ?

The headquarters of LE RELAIS DE LA FORGE is located in SELONNET (04140), in the department Alpes-de-Haute-Provence.

Where to find the tax return of LE RELAIS DE LA FORGE ?

The tax return of LE RELAIS DE LA FORGE 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 LE RELAIS DE LA FORGE operate?

LE RELAIS DE LA FORGE operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.