FASSI PROVENCE : revenue, balance sheet and financial ratios
Revenue 20247,9 M€-9 % vs 2023
EBITDA 2024-77 k€-121 % vs 2023
Net income 2024-112 k€-264 % vs 2023
FASSI PROVENCE is a French company
founded 39 years ago,
specialized in the sector Fabrication de carrosseries et remorques.
Based in AIX-EN-PROVENCE (13100),
this company of category ETI
shows in 2024 a revenue of 7,9 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
At a glance (2024) :
revenue 7,9 M€, EBITDA -77 k€ (-1.0 % of revenue), net income -112 k€.
Balance sheet : equity 373 k€, financial debt 25 k€, cash 104 k€.
Signal structurel : exploitation déficitaire (EBE négatif).
In summary, FASSI PROVENCE is currently loss-making, which weighs on its accounts. Its financial structure is solid, with debt well contained relative to its sector.
Financial history · amounts in €k
Financial history - FASSI PROVENCE (SIREN 340412329) · amounts in thousands of euros (€k)
In 2024, FASSI PROVENCE achieves revenue of 7.9 M€. Revenue is growing positively over 8 years (CAGR: +3.3%). Slight decline of -9% vs 2023. After deducting consumption (5.4 M€), gross margin stands at 2.5 M€, i.e. a rate of 32%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -77 k€, representing -1.0% of revenue. Le chiffre d'affaires recule de 9 % et l'EBE de 121 % : les charges n'ont pas baissé au même rythme que l'activité, ce qui réduit la marge de 5,2 points. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -112 k€ (-1.4% of revenue), which will impact equity.
Revenue (2024)
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Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production
7 913 498 €
Gross margin (2024)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
2 509 807 €
EBITDA (2024)
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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
-76 824 €
EBIT (2024)
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EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
-144 440 €
Net income (2024)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
-111 775 €
EBITDA margin (2024)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
-1,0 %
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
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Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 7%. Compared with its sector, this ratio places the company among the best positioned (sector median: 38.0%). Financial autonomy (= Equity / Total assets x 100) reaches 9%. This ratio is less favorable than the sector median (38.1%) and warrants attention. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This ratio is more favorable than the sector median (1.0 years).
Debt ratio (2024)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
6,6 %
Financial autonomy (2024)
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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
8,6 %
Cash flow / Revenue (2024)
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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
-0,6 %
Repayment capacity (2023)
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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
0,3 ans
Asset age ratio (2024)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
Debt ratio
—
0,2 %
66,2 %
42,0 %
9,1 %
9,0 %
18,1 %
6,6 %
Financial autonomy
20,4 %
17,2 %
14,5 %
12,1 %
16,1 %
12,6 %
8,0 %
8,6 %
Repayment capacity
—
-0,0 ans
3,4 ans
4,9 ans
9,4 ans
1,1 ans
0,3 ans
-0,5 ans
Cash flow / Revenue
-0,2 %
-0,8 %
1,3 %
0,6 %
0,1 %
0,5 %
3,6 %
-0,6 %
Sector positioning
Debt ratio
6,6%2024
Q1: 10,8%
Med: 38,0%
Q3: 89,2%
Excellent9 % → 6,6 % depuis 2022
In 2024, the debt ratio of FASSI PROVENCE (6,6%) fait partie des 25 % les plus bas du secteur, ce qui est favorable. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
Financial autonomy
8,6%2024
Q1: 21,0%
Med: 38,1%
Q3: 53,6%
Watch12,6 % → 8,6 % depuis 2022
In 2024, the financial autonomy of FASSI PROVENCE (8,6%) 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
0,3 years2023
Q1: 0,0 years
Med: 1,0 years
Q3: 3,1 years
Good1,1 years → 0,3 years depuis 2022
In 2023, the repayment capacity of FASSI PROVENCE (0,28) 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 1.11. This ratio is less favorable than the sector median (2.1) and warrants attention.
Liquidity ratio (2024)
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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
1,11
Liquidity indicators evolution FASSI PROVENCE
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
Liquidity ratio
1,21
1,24
1,33
1,19
1,15
1,11
1,12
1,11
Sector positioning
Liquidity ratio
1,112024
Q1: 1,56
Med: 2,13
Q3: 3,05
Watch
In 2024, the liquidity ratio of FASSI PROVENCE (1,11) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. Bien que supérieur à 1, ce ratio reste en dessous de la plupart des entreprises du secteur.
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: 125 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 180 days. Excellent situation: suppliers finance 55 days of the operating cycle (retail model). Inventory turnover is 29 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 162 days of revenue, i.e. 3.6 M€ to permanently finance. Between 2021 and 2024, WCR worsened by 25 days of revenue, signaling an increased financing need.
Operating WCR (2024)
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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
3 558 067 €
Customer credit (2024)
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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
125 j
Supplier credit (2024)
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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
180 j
Inventory turnover (2024)
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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
29 j
WCR in days of revenue (2024)
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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
162 j
WCR and payment terms evolution FASSI PROVENCE
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
Operating WCR
2 181 358 €
2 182 436 €
2 636 391 €
3 116 705 €
1 786 389 €
2 561 331 €
5 075 747 €
3 558 067 €
Inventory turnover (days)
77 j
51 j
26 j
19 j
56 j
43 j
38 j
29 j
Customer payment term (days)
88 j
113 j
98 j
135 j
78 j
86 j
158 j
125 j
Supplier payment term (days)
140 j
148 j
124 j
189 j
162 j
146 j
233 j
180 j
Positioning of FASSI PROVENCE in its sector
Comparison with sector Fabrication de carrosseries et remorques
Similar companies (Fabrication de carrosseries et remorques)
Compare FASSI PROVENCE with other companies in the same sector:
The headquarters of FASSI PROVENCE is located in AIX-EN-PROVENCE (13100), in the department Bouches-du-Rhone.
Where to find the tax return of FASSI PROVENCE ?
The tax return of FASSI PROVENCE 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 FASSI PROVENCE operate?
FASSI PROVENCE operates in the sector Fabrication de carrosseries et remorques (NAF code 29.20Z). See the 'Sector positioning' section above to compare the company with its competitors.