LES ROCHES IMMO : revenue, balance sheet and financial ratios

In 2025, LES ROCHES IMMO achieves revenue of 447 k€. Over the period 2018-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +39.7%. Vs 2024: +8%. After deducting consumption (0 €), gross margin stands at 447 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 304 k€, representing 68.1% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -2%, reducing margin by 6.6 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 101 k€, i.e. 22.7% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 355%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 50.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 266.49. 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 14.8x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 306 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 55 days. The gap of 251 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 258 days of revenue, i.e. 320 k€ to permanently finance. Over 2018-2025, WCR increased by +160%, requiring additional financing.

Based on 117 transactions of similar company sales in 2025, the value of LES ROCHES IMMO is estimated at 624 646 € (range 349 880€ - 1 700 045€). With an EBITDA of 304 186€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (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.