SIREN : 434349908
NORTH PROJECT is a French company founded 25 years ago, specialized in the sector Commerce et réparation de motocycles. Based in SECLIN (59113), this company of category PME shows in 2024 a revenue of 7.0 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 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 6 967 341 € | 6 417 864 € | N/C | N/C | N/C | N/C | 7 973 614 € |
| Net income | 6 696 € | 106 944 € | 175 195 € | 274 437 € | 311 561 € | 258 111 € | 300 900 € |
| EBITDA | 136 091 € | 120 773 € | N/C | N/C | N/C | N/C | 459 135 € |
| Net margin | 0.1% | 1.7% | N/C | N/C | N/C | N/C | 3.8% |
In 2024, NORTH PROJECT achieves revenue of 7.0 M€. Activity remains stable over the period (CAGR: -1.7%). Vs 2023: +9%. After deducting consumption (5.3 M€), gross margin stands at 1.7 M€, i.e. a rate of 24%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 136 k€, representing 2.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 7 k€, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.
6 967 341 €
1 671 972 €
136 091 €
92 399 €
6 696 €
2.0%
The debt ratio (= Financial debt / Equity x 100) stands at 268%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 26.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
268.326%
18.0%
0.815%
26.284
30.6%
In 2024, the debt ratio of NORTH PROJECT (268.33) 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.
In 2024, the financial autonomy of NORTH PROJECT (18.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of NORTH PROJECT (26.28) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 251.44. 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 62.9x. Operating income very largely covers interest expenses: high safety margin.
251.437
62.873
In 2024, the liquidity ratio of NORTH PROJECT (251.44) 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 2024, the interest coverage of NORTH PROJECT (62.9x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Inventory turnover is 125 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 116 days of revenue, i.e. 2.2 M€ to permanently finance. Over 2016-2024, WCR increased by +53%, requiring additional financing.
2 248 918 €
3 j
45 j
125 j
116 j
Based on 137 transactions of similar company sales (all years), the value of NORTH PROJECT is estimated at 559 308 € (range 300 328€ - 1 025 401€). With an EBITDA of 136 091€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.17x (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.
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This estimate is based on the analysis of 137 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 NORTH PROJECT with other companies in the same sector:
Voir toutes les statistiques du secteur Commerce et réparation de motocycles
The revenue of NORTH PROJECT in 2024 is 7.0 M€.
Yes, NORTH PROJECT generated a net profit of 7 k€ in 2024.
The headquarters of NORTH PROJECT is located in SECLIN (59113), in the department Nord.
The tax return of NORTH PROJECT 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).
NORTH PROJECT operates in the sector Commerce et réparation de motocycles (NAF code 45.40Z). See the 'Sector positioning' section above to compare the company with its competitors.