LOGICIELS APPLICATION FORMATION INFORMATION - LAFI : revenue, balance sheet and financial ratios

LOGICIELS APPLICATION FORMATION INFORMATION - LAFI is a French company founded 39 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels. Based in GENNEVILLIERS (92230), this company of category ETI shows in 2022 a revenue of 121.5 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 - LOGICIELS APPLICATION FORMATION INFORMATION - LAFI (SIREN 341664191)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 121 540 510 € 116 505 968 € 140 099 457 € 146 621 782 € 132 369 875 € 116 223 185 € 108 164 951 €
Net income 3 859 177 € 2 797 323 € 3 500 407 € 3 535 816 € 3 020 941 € 2 700 571 € 2 677 053 €
EBITDA 5 422 119 € 4 107 674 € 5 834 576 € 5 958 360 € 5 121 199 € 4 055 769 € 4 004 026 €
Net margin 3.2% 2.4% 2.5% 2.4% 2.3% 2.3% 2.5%

Revenue and income statement

In 2022, LOGICIELS APPLICATION FORMATION INFORMATION - LAFI achieves revenue of 121.5 M€. Revenue is growing positively over 7 years (CAGR: +2.0%). Vs 2021: +4%. After deducting consumption (104.6 M€), gross margin stands at 16.9 M€, i.e. a rate of 14%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.4 M€, representing 4.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.9 M€, i.e. 3.2% 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

121 540 510 €

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

16 938 942 €

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

5 422 119 €

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

5 521 445 €

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

3 859 177 €

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

4.5%

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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 0%. 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 20%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

0.159%

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

19.823%

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

3.08%

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

0.006

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

7.4%

Solvency indicators evolution
LOGICIELS APPLICATION FORMATION INFORMATION - LAFI

Sector positioning

Debt ratio
0.16 2022
2020
2021
2022
Q1: 0.04
Med: 15.2
Q3: 66.84
Good

In 2022, the debt ratio of LOGICIELS APPLICATION FOR... (0.16) 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
19.82% 2022
2020
2021
2022
Q1: 13.85%
Med: 33.59%
Q3: 54.12%
Average -21 pts over 3 years

In 2022, the financial autonomy of LOGICIELS APPLICATION FOR... (19.8%) 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
0.01 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.07 years
Q3: 1.75 years
Good -15 pts over 3 years

In 2022, the repayment capacity of LOGICIELS APPLICATION FOR... (0.01) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 120.03. 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 1.7x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

120.033

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

1.698

Liquidity indicators evolution
LOGICIELS APPLICATION FORMATION INFORMATION - LAFI

Sector positioning

Liquidity ratio
120.03 2022
2020
2021
2022
Q1: 144.07
Med: 212.32
Q3: 334.59
Watch -8 pts over 3 years

In 2022, the liquidity ratio of LOGICIELS APPLICATION FOR... (120.03) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
1.7x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.15x
Q3: 2.94x
Good

In 2022, the interest coverage of LOGICIELS APPLICATION FOR... (1.7x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 26 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-43 days): operations structurally generate cash. Notable WCR improvement over the period (-158%), freeing up cash.

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

-14 424 428 €

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

26 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

33 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

31 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

-43 j

WCR and payment terms evolution
LOGICIELS APPLICATION FORMATION INFORMATION - LAFI

Positioning of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels

Valuation estimate

Based on 61 transactions of similar company sales (all years), the value of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI is estimated at 21 467 013 € (range 5 633 933€ - 35 819 775€). With an EBITDA of 5 422 119€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.33x (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
61 tx
5633k€ 21467k€ 35819k€
21 467 013 € Range: 5 633 933€ - 35 819 775€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
5 422 119 € × 2.5x
Estimation 13 552 740 €
2 965 373€ - 27 526 878€
Revenue Multiple 30%
121 540 510 € × 0.33x
Estimation 39 925 571 €
11 644 777€ - 52 965 813€
Net Income Multiple 20%
3 859 177 € × 3.5x
Estimation 13 564 860 €
3 289 071€ - 30 832 963€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 61 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 (Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels)

Compare LOGICIELS APPLICATION FORMATION INFORMATION - LAFI with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels

Frequently asked questions about LOGICIELS APPLICATION FORMATION INFORMATION - LAFI

What is the revenue of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI ?

The revenue of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI in 2022 is 121.5 M€.

Is LOGICIELS APPLICATION FORMATION INFORMATION - LAFI profitable?

Yes, LOGICIELS APPLICATION FORMATION INFORMATION - LAFI generated a net profit of 3.9 M€ in 2022.

Where is the headquarters of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI ?

The headquarters of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI is located in GENNEVILLIERS (92230), in the department Hauts-de-Seine.

Where to find the tax return of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI ?

The tax return of LOGICIELS APPLICATION FORMATION INFORMATION - LAFI 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 LOGICIELS APPLICATION FORMATION INFORMATION - LAFI operate?

LOGICIELS APPLICATION FORMATION INFORMATION - LAFI operates in the sector Commerce de gros (commerce interentreprises) d'ordinateurs, d'équipements informatiques périphériques et de logiciels (NAF code 46.51Z). See the 'Sector positioning' section above to compare the company with its competitors.