SIREN : 793866831
NORECO is a French company founded 12 years ago, specialized in the sector Autres services de restauration n.c.a.. Based in CHARAVINES (38850), this company of category PME shows in 2022 a revenue of 1.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 443 673 € | N/C | N/C | N/C | N/C | N/C | N/C | 1 024 347 € |
| Net income | 31 773 € | 21 127 € | 69 899 € | 181 866 € | 167 029 € | 72 365 € | 66 074 € | 57 952 € |
| EBITDA | 122 843 € | N/C | N/C | N/C | N/C | N/C | N/C | 180 837 € |
| Net margin | 2.2% | N/C | N/C | N/C | N/C | N/C | N/C | 5.7% |
In 2022, NORECO achieves revenue of 1.4 M€. Over the period 2015-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +5.0%. After deducting consumption (402 k€), gross margin stands at 1.0 M€, i.e. a rate of 72%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 123 k€, representing 8.5% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 32 k€, i.e. 2.2% of revenue. This profit can be retained or distributed to shareholders.
1 443 673 €
1 041 810 €
122 843 €
16 186 €
31 773 €
8.4%
The debt ratio (= Financial debt / Equity x 100) stands at 63%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
63.217%
26.517%
9.428%
1.872
21.3%
In 2022, the debt ratio of NORECO (63.22) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2022, the financial autonomy of NORECO (26.5%) 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.
In 2022, the repayment capacity of NORECO (1.87) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 147.97. 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 3.8x. Financial charges are adequately covered by operations.
147.97
3.78
In 2022, the liquidity ratio of NORECO (147.97) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2022, the interest coverage of NORECO (3.8x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 210 days. Excellent situation: suppliers finance 177 days of the operating cycle (retail model). Inventory turnover is 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 202 days of revenue, i.e. 811 k€ to permanently finance. Over 2015-2022, WCR increased by +1165%, requiring additional financing.
811 185 €
33 j
210 j
9 j
202 j
Based on 204 transactions of similar company sales (all years), the value of NORECO is estimated at 665 944 € (range 355 099€ - 1 079 603€). With an EBITDA of 122 843€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.64x (in line with sector norms). 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.
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This estimate is based on the analysis of 204 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare NORECO with other companies in the same sector:
Voir toutes les statistiques du secteur Autres services de restauration n.c.a.
The revenue of NORECO in 2022 is 1.4 M€.
Yes, NORECO generated a net profit of 32 k€ in 2022.
The headquarters of NORECO is located in CHARAVINES (38850), in the department Isere.
The tax return of NORECO 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).
NORECO operates in the sector Autres services de restauration n.c.a. (NAF code 56.29B). See the 'Sector positioning' section above to compare the company with its competitors.