MAN LOCATION ET SERVICES : revenue, balance sheet and financial ratios

MAN LOCATION ET SERVICES is a French company founded 17 years ago, specialized in the sector Location et location-bail de camions. Based in EVRY-COURCOURONNES (91000), this company of category GE shows in 2024 a revenue of 16.2 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 - MAN LOCATION ET SERVICES (SIREN 505201384)
Indicator 2024 2023 2022 2021
Revenue 16 179 000 € 21 041 000 € 26 986 000 € 35 269 000 €
Net income 6 319 000 € 5 163 000 € 3 099 000 € 1 682 000 €
EBITDA 12 705 000 € 16 774 000 € 19 979 000 € 27 884 000 €
Net margin 39.1% 24.5% 11.5% 4.8%

Revenue and income statement

In 2024, MAN LOCATION ET SERVICES achieves revenue of 16.2 M€. Revenue is declining over the period 2021-2024 (CAGR: -22.9%). Significant drop of -23% vs 2023. After deducting consumption (0 €), gross margin stands at 16.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 12.7 M€, representing 78.5% of 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 6.3 M€, i.e. 39.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

16 179 000 €

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

16 179 000 €

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

12 705 000 €

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

1 867 000 €

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

6 319 000 €

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

78.5%

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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 839%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 66.3% 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 (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

838.637%

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

9.381%

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

66.296%

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

3.97

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

58.0%

Solvency indicators evolution
MAN LOCATION ET SERVICES

Sector positioning

Debt ratio
838.64 2024
2022
2023
2024
Q1: 4.27
Med: 75.78
Q3: 273.65
Watch

In 2024, the debt ratio of MAN LOCATION ET SERVICES (838.64) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
9.38% 2024
2022
2023
2024
Q1: 15.51%
Med: 32.24%
Q3: 58.86%
Watch

In 2024, the financial autonomy of MAN LOCATION ET SERVICES (9.4%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
3.97 years 2024
2022
2023
2024
Q1: 0.09 years
Med: 1.87 years
Q3: 3.6 years
Watch

In 2024, the repayment capacity of MAN LOCATION ET SERVICES (3.97) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 155.50. 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 11.0x. Operating income very largely covers interest expenses: high safety margin.

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

155.498

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

11.019

Liquidity indicators evolution
MAN LOCATION ET SERVICES

Sector positioning

Liquidity ratio
155.5 2024
2022
2023
2024
Q1: 136.75
Med: 257.51
Q3: 443.91
Average +16 pts over 3 years

In 2024, the liquidity ratio of MAN LOCATION ET SERVICES (155.50) 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
11.02x 2024
2022
2023
2024
Q1: 0.0x
Med: 4.0x
Q3: 9.37x
Excellent

In 2024, the interest coverage of MAN LOCATION ET SERVICES (11.0x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 94 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 378 days. Excellent situation: suppliers finance 284 days of the operating cycle (retail model). WCR is negative (-300 days): operations structurally generate cash. Over 2021-2024, WCR increased by +59%, requiring additional financing.

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

-13 468 047 €

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

94 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

378 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

-300 j

WCR and payment terms evolution
MAN LOCATION ET SERVICES

Positioning of MAN LOCATION ET SERVICES in its sector

Comparison with sector Location et location-bail de camions

Valuation estimate

Based on 292 transactions of similar company sales (all years), the value of MAN LOCATION ET SERVICES is estimated at 80 756 518 € (range 17 433 313€ - 160 823 377€). With an EBITDA of 12 705 000€, the sector multiple of 9.5x is applied. The price/revenue ratio is 2.04x (premium 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.

Estimated enterprise value 2024
292 transactions
17433k€ 80756k€ 160823k€
80 756 518 € Range: 17 433 313€ - 160 823 377€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
12 705 000 € × 9.5x
Estimation 120 169 675 €
29 709 310€ - 204 971 974€
Revenue Multiple 30%
16 179 000 € × 2.04x
Estimation 33 067 909 €
6 841 104€ - 48 752 871€
Net Income Multiple 20%
6 319 000 € × 8.5x
Estimation 53 756 541 €
2 631 637€ - 218 557 646€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 292 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 et location-bail de camions)

Compare MAN LOCATION ET SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Location et location-bail de camions

Frequently asked questions about MAN LOCATION ET SERVICES

What is the revenue of MAN LOCATION ET SERVICES ?

The revenue of MAN LOCATION ET SERVICES in 2024 is 16.2 M€.

Is MAN LOCATION ET SERVICES profitable?

Yes, MAN LOCATION ET SERVICES generated a net profit of 6.3 M€ in 2024.

Where is the headquarters of MAN LOCATION ET SERVICES ?

The headquarters of MAN LOCATION ET SERVICES is located in EVRY-COURCOURONNES (91000), in the department Essonne.

Where to find the tax return of MAN LOCATION ET SERVICES ?

The tax return of MAN LOCATION ET SERVICES 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 MAN LOCATION ET SERVICES operate?

MAN LOCATION ET SERVICES operates in the sector Location et location-bail de camions (NAF code 77.12Z). See the 'Sector positioning' section above to compare the company with its competitors.