NORMAL FRANCE : revenue, balance sheet and financial ratios

NORMAL FRANCE is a French company founded 7 years ago, specialized in the sector Autres commerces de détail en magasin non spécialisé. Based in PARIS 12 (75012), this company of category ETI shows in 2025 a revenue of 471.7 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

Financial history - NORMAL FRANCE (SIREN 844431486)
Indicator 2025 2024 2023 2022 2021 2020 2019
Revenue 471 741 787 € 346 946 980 € 209 191 857 € 117 987 543 € 38 976 886 € 12 621 108 € N/C
Net income 11 465 730 € 12 884 064 € 4 055 709 € 691 065 € -3 931 661 € -832 231 € -334 430 €
EBITDA 42 239 480 € 34 234 881 € 15 418 882 € 7 335 093 € -1 272 811 € -276 567 € -332 169 €
Net margin 2.4% 3.7% 1.9% 0.6% -10.1% -6.6% N/C

Revenue and income statement

In 2025, NORMAL FRANCE achieves revenue of 471.7 M€. Over the period 2020-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +106.3%. Vs 2024, growth of +36% (346.9 M€ -> 471.7 M€). After deducting consumption (282.9 M€), gross margin stands at 188.8 M€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 42.2 M€, representing 9.0% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 11.5 M€, i.e. 2.4% 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

471 741 787 €

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

188 825 938 €

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

42 239 480 €

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

19 695 575 €

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

11 465 730 €

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

9.0%

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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 114%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

114.224%

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

37.568%

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

7.021%

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

2.588

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

69.1%

Solvency indicators evolution
NORMAL FRANCE

Sector positioning

Debt ratio
114.22 2025
2023
2024
2025
Q1: 0.15
Med: 16.09
Q3: 55.94
Watch

In 2025, the debt ratio of NORMAL FRANCE (114.22) 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
37.57% 2025
2023
2024
2025
Q1: 13.87%
Med: 44.34%
Q3: 64.59%
Average -31 pts over 3 years

In 2025, the financial autonomy of NORMAL FRANCE (37.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.59 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.39 years
Q3: 2.65 years
Average

In 2025, the repayment capacity of NORMAL FRANCE (2.59) 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 190.68. 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 7.7x. 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

190.675

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

7.704

Liquidity indicators evolution
NORMAL FRANCE

Sector positioning

Liquidity ratio
190.68 2025
2023
2024
2025
Q1: 143.7
Med: 224.42
Q3: 399.97
Average -23 pts over 3 years

In 2025, the liquidity ratio of NORMAL FRANCE (190.68) 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
7.7x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.12x
Q3: 5.21x
Excellent

In 2025, the interest coverage of NORMAL FRANCE (7.7x) 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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 50 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 42 days of revenue, i.e. 55.6 M€ to permanently finance.

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

55 604 204 €

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

2 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

22 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

50 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

42 j

WCR and payment terms evolution
NORMAL FRANCE

Positioning of NORMAL FRANCE in its sector

Comparison with sector Autres commerces de détail en magasin non spécialisé

Valuation estimate

Based on 185 transactions of similar company sales (all years), the value of NORMAL FRANCE is estimated at 117 274 676 € (range 46 185 264€ - 268 970 256€). With an EBITDA of 42 239 480€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.28x (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.

Estimated enterprise value 2025
185 transactions
46185k€ 117274k€ 268970k€
117 274 676 € Range: 46 185 264€ - 268 970 256€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
42 239 480 € × 3.3x
Estimation 139 995 352 €
44 398 546€ - 258 287 307€
Revenue Multiple 30%
471 741 787 € × 0.28x
Estimation 132 070 267 €
68 969 722€ - 400 586 454€
Net Income Multiple 20%
11 465 730 € × 3.3x
Estimation 38 279 599 €
16 475 375€ - 98 253 335€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 185 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 (Autres commerces de détail en magasin non spécialisé)

Compare NORMAL FRANCE with other companies in the same sector:

Frequently asked questions about NORMAL FRANCE

What is the revenue of NORMAL FRANCE ?

The revenue of NORMAL FRANCE in 2025 is 471.7 M€.

Is NORMAL FRANCE profitable?

Yes, NORMAL FRANCE generated a net profit of 11.5 M€ in 2025.

Where is the headquarters of NORMAL FRANCE ?

The headquarters of NORMAL FRANCE is located in PARIS 12 (75012), in the department Paris.

Where to find the tax return of NORMAL FRANCE ?

The tax return of NORMAL FRANCE 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 NORMAL FRANCE operate?

NORMAL FRANCE operates in the sector Autres commerces de détail en magasin non spécialisé (NAF code 47.19B). See the 'Sector positioning' section above to compare the company with its competitors.