NEOFORM PARTICIPATIONS : revenue, balance sheet and financial ratios

NEOFORM PARTICIPATIONS is a French company founded 13 years ago, specialized in the sector Activités des sociétés holding. Based in CHOLET (49300), this company of category ETI shows in 2023 a revenue of 198 k€. 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 - NEOFORM PARTICIPATIONS (SIREN 789580842)
Indicator 2023 2022 2020 2019 2018 2017 2016 2015
Revenue 198 356 € 197 571 € 538 620 € 528 509 € 1 102 979 € 1 368 714 € 2 140 194 € 1 219 381 €
Net income 96 556 € 145 556 € 487 550 € 2 572 930 € -2 003 871 € -3 857 936 € -1 758 633 € -2 157 819 €
EBITDA 54 263 € 46 149 € -2 176 € 67 512 € 8 436 € 58 775 € 31 659 € 37 926 €
Net margin 48.7% 73.7% 90.5% 486.8% -181.7% -281.9% -82.2% -177.0%

Revenue and income statement

In 2023, NEOFORM PARTICIPATIONS achieves revenue of 198 k€. Revenue is declining over the period 2015-2023 (CAGR: -20.3%). Vs 2022: +0%. After deducting consumption (0 €), gross margin stands at 198 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 54 k€, representing 27.4% of revenue. Positive scissor effect: EBITDA margin improves by +4.0 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 97 k€, i.e. 48.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

198 356 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

198 356 €

EBITDA (2023) ?
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

54 263 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

43 003 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

96 556 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

27.4%

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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 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 68%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 57.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 54.4% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

46.333%

Financial autonomy (2023) ?
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

68.279%

Cash flow / Revenue (2023) ?
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

54.423%

Repayment capacity (2023) ?
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

57.41

Asset age ratio (2023) ?
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

31.6%

Solvency indicators evolution
NEOFORM PARTICIPATIONS

Sector positioning

Debt ratio
46.33 2023
2020
2022
2023
Q1: 0.03
Med: 10.87
Q3: 70.22
Average -10 pts over 3 years

In 2023, the debt ratio of NEOFORM PARTICIPATIONS (46.33) 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
68.28% 2023
2020
2022
2023
Q1: 17.2%
Med: 61.39%
Q3: 90.77%
Good +31 pts over 3 years

In 2023, the financial autonomy of NEOFORM PARTICIPATIONS (68.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
57.41 years 2023
2020
2022
2023
Q1: 0.0 years
Med: 0.09 years
Q3: 3.23 years
Average

In 2023, the repayment capacity of NEOFORM PARTICIPATIONS (57.41) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 27780.97. 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 122.0x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

27780.968

Interest coverage (2023) ?
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

121.991

Liquidity indicators evolution
NEOFORM PARTICIPATIONS

Sector positioning

Liquidity ratio
27780.97 2023
2020
2022
2023
Q1: 126.86
Med: 619.0
Q3: 3548.33
Excellent

In 2023, the liquidity ratio of NEOFORM PARTICIPATIONS (27780.97) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
121.99x 2023
2020
2022
2023
Q1: -65.31x
Med: 0.0x
Q3: 0.0x
Excellent +50 pts over 3 years

In 2023, the interest coverage of NEOFORM PARTICIPATIONS (122.0x) 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The company must finance 12 days of gap between collections and payments. Overall, WCR represents 7149 days of revenue, i.e. 3.9 M€ to permanently finance. Over 2015-2023, WCR increased by +137%, requiring additional financing.

Operating WCR (2023) ?
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

3 939 279 €

Customer credit (2023) ?
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

35 j

Supplier credit (2023) ?
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

23 j

Inventory turnover (2023) ?
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 (2023) ?
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

7149 j

WCR and payment terms evolution
NEOFORM PARTICIPATIONS

Positioning of NEOFORM PARTICIPATIONS in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 63 transactions of similar company sales in 2023, the value of NEOFORM PARTICIPATIONS is estimated at 318 410 € (range 88 724€ - 520 746€). With an EBITDA of 54 263€, the sector multiple of 4.6x is applied. The price/revenue ratio is 0.24x (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 2023
63 tx
88k€ 318k€ 520k€
318 410 € Range: 88 724€ - 520 746€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
54 263 € × 4.6x
Estimation 247 939 €
90 844€ - 421 895€
Revenue Multiple 30%
198 356 € × 0.24x
Estimation 47 700 €
34 885€ - 141 664€
Net Income Multiple 20%
96 556 € × 9.3x
Estimation 900 657 €
164 184€ - 1 336 497€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Activités des sociétés holding)

Compare NEOFORM PARTICIPATIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about NEOFORM PARTICIPATIONS

What is the revenue of NEOFORM PARTICIPATIONS ?

The revenue of NEOFORM PARTICIPATIONS in 2023 is 198 k€.

Is NEOFORM PARTICIPATIONS profitable?

Yes, NEOFORM PARTICIPATIONS generated a net profit of 97 k€ in 2023.

Where is the headquarters of NEOFORM PARTICIPATIONS ?

The headquarters of NEOFORM PARTICIPATIONS is located in CHOLET (49300), in the department Maine-et-Loire.

Where to find the tax return of NEOFORM PARTICIPATIONS ?

The tax return of NEOFORM PARTICIPATIONS 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 NEOFORM PARTICIPATIONS operate?

NEOFORM PARTICIPATIONS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.