NICK DANESE APPLIED RESEARCH : revenue, balance sheet and financial ratios

NICK DANESE APPLIED RESEARCH is a French company founded 38 years ago, specialized in the sector Activités spécialisées, scientifiques et techniques diverses. Based in ANTIBES (06160), this company of category PME shows in 2025 a revenue of 4.2 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 - NICK DANESE APPLIED RESEARCH (SIREN 344181573)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 4 196 064 € 4 211 025 € 3 492 624 € 3 427 367 € 2 957 080 € 2 365 018 € 2 054 946 € 2 139 494 € 2 504 462 € 1 865 367 €
Net income 10 042 € 181 914 € 113 174 € 135 253 € 269 519 € 198 197 € 150 317 € 243 371 € 143 986 € 123 689 €
EBITDA 15 536 € 444 045 € 104 235 € 121 054 € 363 322 € 266 983 € 186 274 € 356 536 € 188 330 € 160 149 €
Net margin 0.2% 4.3% 3.2% 3.9% 9.1% 8.4% 7.3% 11.4% 5.7% 6.6%

Revenue and income statement

In 2025, NICK DANESE APPLIED RESEARCH achieves revenue of 4.2 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +9.4%. Slight decline of -0% vs 2024. After deducting consumption (1.7 M€), gross margin stands at 2.5 M€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16 k€, representing 0.4% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -97%, reducing margin by 10.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 10 k€, i.e. 0.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 196 064 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 539 274 €

EBITDA (2025) ?
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

15 536 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-3 798 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

10 042 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.4%

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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 54%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

53.932%

Financial autonomy (2025) ?
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

1.983%

Cash flow / Revenue (2025) ?
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

0.435%

Repayment capacity (2025) ?
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

0.792

Asset age ratio (2025) ?
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

32.5%

Solvency indicators evolution
NICK DANESE APPLIED RESEARCH

Sector positioning

Debt ratio
53.93 2025
2023
2024
2025
Q1: 0.0
Med: 5.56
Q3: 35.42
Watch +50 pts over 3 years

In 2025, the debt ratio of NICK DANESE APPLIED RESEARCH (53.93) 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
1.98% 2025
2023
2024
2025
Q1: 10.79%
Med: 38.87%
Q3: 69.64%
Watch -11 pts over 3 years

In 2025, the financial autonomy of NICK DANESE APPLIED RESEARCH (2.0%) 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
0.79 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 0.65 years
Watch +50 pts over 3 years

In 2025, the repayment capacity of NICK DANESE APPLIED RESEARCH (0.79) 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 162.25. 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 50.6x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
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

162.25

Interest coverage (2025) ?
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

50.599

Liquidity indicators evolution
NICK DANESE APPLIED RESEARCH

Sector positioning

Liquidity ratio
162.25 2025
2023
2024
2025
Q1: 149.75
Med: 276.24
Q3: 581.63
Average -8 pts over 3 years

In 2025, the liquidity ratio of NICK DANESE APPLIED RESEARCH (162.25) 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
50.6x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 1.28x
Excellent

In 2025, the interest coverage of NICK DANESE APPLIED RESEARCH (50.6x) 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: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 9 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-81 days): operations structurally generate cash. Notable WCR improvement over the period (-332%), freeing up cash.

Operating WCR (2025) ?
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

-938 995 €

Customer credit (2025) ?
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

10 j

Supplier credit (2025) ?
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

9 j

Inventory turnover (2025) ?
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

5 j

WCR in days of revenue (2025) ?
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

-81 j

WCR and payment terms evolution
NICK DANESE APPLIED RESEARCH

Positioning of NICK DANESE APPLIED RESEARCH in its sector

Comparison with sector Activités spécialisées, scientifiques et techniques diverses

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of NICK DANESE APPLIED RESEARCH is estimated at 494 218 € (range 158 916€ - 834 731€). With an EBITDA of 15 536€, the sector multiple of 3.5x is applied. The price/revenue ratio is 0.36x (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 2025
98 tx
158k€ 494k€ 834k€
494 218 € Range: 158 916€ - 834 731€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
15 536 € × 3.5x
Estimation 53 820 €
13 411€ - 88 232€
Revenue Multiple 30%
4 196 064 € × 0.36x
Estimation 1 525 202 €
500 828€ - 2 580 727€
Net Income Multiple 20%
10 042 € × 4.9x
Estimation 48 739 €
9 813€ - 81 986€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 spécialisées, scientifiques et techniques diverses)

Compare NICK DANESE APPLIED RESEARCH with other companies in the same sector:

Voir toutes les statistiques du secteur Activités spécialisées, scientifiques et techniques diverses

Frequently asked questions about NICK DANESE APPLIED RESEARCH

What is the revenue of NICK DANESE APPLIED RESEARCH ?

The revenue of NICK DANESE APPLIED RESEARCH in 2025 is 4.2 M€.

Is NICK DANESE APPLIED RESEARCH profitable?

Yes, NICK DANESE APPLIED RESEARCH generated a net profit of 10 k€ in 2025.

Where is the headquarters of NICK DANESE APPLIED RESEARCH ?

The headquarters of NICK DANESE APPLIED RESEARCH is located in ANTIBES (06160), in the department Alpes-Maritimes.

Where to find the tax return of NICK DANESE APPLIED RESEARCH ?

The tax return of NICK DANESE APPLIED RESEARCH 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 NICK DANESE APPLIED RESEARCH operate?

NICK DANESE APPLIED RESEARCH operates in the sector Activités spécialisées, scientifiques et techniques diverses (NAF code 74.90B). See the 'Sector positioning' section above to compare the company with its competitors.