NORMAN STUDIOS : revenue, balance sheet and financial ratios

NORMAN STUDIOS is a French company founded 14 years ago, specialized in the sector Post-production de films cinématographiques, de vidéo et de programmes de télévision. Based in CLICHY (92110), this company of category ETI shows in 2023 a revenue of 1.9 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 - NORMAN STUDIOS (SIREN 533484515)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Revenue 1 857 759 € 1 892 763 € 5 951 951 € 5 636 202 € 3 868 446 € 5 011 139 € 10 396 037 € 5 656 067 € 3 989 246 € 3 526 765 € 2 549 333 €
Net income 32 863 € 47 369 € 196 639 € -9 987 € 25 149 € -127 045 € -52 552 € -313 787 € 104 534 € 137 792 € 7 701 €
EBITDA 259 662 € 83 471 € 3 975 938 € 3 910 996 € 61 809 € -103 855 € 28 523 € -198 336 € 345 948 € 292 210 € 96 573 €
Net margin 1.8% 2.5% 3.3% -0.2% 0.7% -2.5% -0.5% -5.5% 2.6% 3.9% 0.3%

Revenue and income statement

In 2023, NORMAN STUDIOS achieves revenue of 1.9 M€. Activity remains stable over the period (CAGR: -3.1%). Slight decline of -2% vs 2022. After deducting consumption (0 €), gross margin stands at 1.9 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 260 k€, representing 14.0% of revenue. Positive scissor effect: EBITDA margin improves by +9.6 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 33 k€, i.e. 1.8% 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

1 857 759 €

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

1 857 759 €

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

259 662 €

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

274 838 €

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

32 863 €

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

14.0%

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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 888%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

888.304%

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

4.696%

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

-0.438%

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

-161.485

Solvency indicators evolution
NORMAN STUDIOS

Sector positioning

Debt ratio
888.3 2023
2021
2022
2023
Q1: 0.0
Med: 7.45
Q3: 37.74
Watch -17 pts over 3 years

In 2023, the debt ratio of NORMAN STUDIOS (888.30) 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
4.7% 2023
2021
2022
2023
Q1: 6.47%
Med: 38.38%
Q3: 64.81%
Average

In 2023, the financial autonomy of NORMAN STUDIOS (4.7%) 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
-161.49 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.76 years
Excellent -74 pts over 3 years

In 2023, the repayment capacity of NORMAN STUDIOS (-161.49) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 187.05. 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 116.7x. 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

187.049

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

116.691

Liquidity indicators evolution
NORMAN STUDIOS

Sector positioning

Liquidity ratio
187.05 2023
2021
2022
2023
Q1: 121.14
Med: 222.25
Q3: 394.47
Average +19 pts over 3 years

In 2023, the liquidity ratio of NORMAN STUDIOS (187.05) 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
116.69x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.69x
Excellent +7 pts over 3 years

In 2023, the interest coverage of NORMAN STUDIOS (116.7x) 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: 173 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 215 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Overall, WCR represents 395 days of revenue, i.e. 2.0 M€ to permanently finance. Over 2013-2023, WCR increased by +148%, 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

2 037 311 €

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

173 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

215 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

395 j

WCR and payment terms evolution
NORMAN STUDIOS

Positioning of NORMAN STUDIOS in its sector

Comparison with sector Post-production de films cinématographiques, de vidéo et de programmes de télévision

Valuation estimate

Based on 88 transactions of similar company sales (all years), the value of NORMAN STUDIOS is estimated at 376 365 € (range 211 418€ - 908 407€). With an EBITDA of 259 662€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.32x (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
88 tx
211k€ 376k€ 908k€
376 365 € Range: 211 418€ - 908 407€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
259 662 € × 1.4x
Estimation 371 810 €
145 911€ - 988 366€
Revenue Multiple 30%
1 857 759 € × 0.32x
Estimation 599 324 €
442 997€ - 1 286 202€
Net Income Multiple 20%
32 863 € × 1.6x
Estimation 53 318 €
27 818€ - 141 819€
How is this estimate calculated?

This estimate is based on the analysis of 88 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 (Post-production de films cinématographiques, de vidéo et de programmes de télévision)

Compare NORMAN STUDIOS with other companies in the same sector:

Voir toutes les statistiques du secteur Post-production de films cinématographiques, de vidéo et de programmes de télévision

Frequently asked questions about NORMAN STUDIOS

What is the revenue of NORMAN STUDIOS ?

The revenue of NORMAN STUDIOS in 2023 is 1.9 M€.

Is NORMAN STUDIOS profitable?

Yes, NORMAN STUDIOS generated a net profit of 33 k€ in 2023.

Where is the headquarters of NORMAN STUDIOS ?

The headquarters of NORMAN STUDIOS is located in CLICHY (92110), in the department Hauts-de-Seine.

Where to find the tax return of NORMAN STUDIOS ?

The tax return of NORMAN STUDIOS 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 NORMAN STUDIOS operate?

NORMAN STUDIOS operates in the sector Post-production de films cinématographiques, de vidéo et de programmes de télévision (NAF code 59.12Z). See the 'Sector positioning' section above to compare the company with its competitors.