NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS : revenue, balance sheet and financial ratios

NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS is a French company founded 22 years ago, specialized in the sector Courtage de valeurs mobilières et de marchandises. Based in PARIS (75009), this company of category PME shows in 2024 a revenue of 1.5 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 - NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS (SIREN 450279724)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 455 924 € 1 643 839 € 1 485 413 € 653 129 € 477 337 € 1 470 064 € 1 765 109 € 1 493 109 € 1 669 595 €
Net income 26 567 € 80 195 € 383 031 € 1 372 € -330 989 € 635 € -132 158 € 95 283 € -199 271 €
EBITDA 97 630 € 217 712 € 555 179 € -39 448 € -467 925 € -325 676 € -51 859 € -238 169 € 9 345 €
Net margin 1.8% 4.9% 25.8% 0.2% -69.3% 0.0% -7.5% 6.4% -11.9%

Revenue and income statement

In 2024, NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS achieves revenue of 1.5 M€. Activity remains stable over the period (CAGR: -1.7%). Significant drop of -11% vs 2023. After deducting consumption (0 €), gross margin stands at 1.5 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 98 k€, representing 6.7% of revenue. Warning negative scissor effect: despite revenue change (-11%), EBITDA varies by -55%, reducing margin by 6.5 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 27 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 455 924 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 455 924 €

EBITDA (2024) ?
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

97 630 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

65 474 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

26 567 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

6.7%

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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 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 54%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

46.282%

Financial autonomy (2024) ?
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

54.164%

Cash flow / Revenue (2024) ?
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

6.738%

Repayment capacity (2024) ?
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

3.206

Asset age ratio (2024) ?
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

11.5%

Solvency indicators evolution
NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS

Sector positioning

Debt ratio
46.28 2024
2022
2023
2024
Q1: 0.0
Med: 5.88
Q3: 53.13
Average

In 2024, the debt ratio of NOVACAMBIOS-FRANCE BUREAU... (46.28) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
54.16% 2024
2022
2023
2024
Q1: 16.69%
Med: 61.03%
Q3: 89.71%
Average

In 2024, the financial autonomy of NOVACAMBIOS-FRANCE BUREAU... (54.2%) 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
3.21 years 2024
2022
2023
2024
Q1: -0.15 years
Med: 0.0 years
Q3: 2.64 years
Average +15 pts over 3 years

In 2024, the repayment capacity of NOVACAMBIOS-FRANCE BUREAU... (3.21) 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 234.20. 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 2.4x. Financial charges are adequately covered by operations.

Liquidity ratio (2024) ?
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

234.202

Interest coverage (2024) ?
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

2.368

Liquidity indicators evolution
NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS

Sector positioning

Liquidity ratio
234.2 2024
2022
2023
2024
Q1: 127.06
Med: 438.89
Q3: 2916.8
Average

In 2024, the liquidity ratio of NOVACAMBIOS-FRANCE BUREAU... (234.20) 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
2.37x 2024
2022
2023
2024
Q1: -42.08x
Med: 0.0x
Q3: 0.09x
Excellent

In 2024, the interest coverage of NOVACAMBIOS-FRANCE BUREAU... (2.4x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. Excellent situation: suppliers finance 97 days of the operating cycle (retail model). WCR is negative (-26 days): operations structurally generate cash. Notable WCR improvement over the period (-164%), freeing up cash.

Operating WCR (2024) ?
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

-104 084 €

Customer credit (2024) ?
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

0 j

Supplier credit (2024) ?
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

97 j

Inventory turnover (2024) ?
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 (2024) ?
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

-26 j

WCR and payment terms evolution
NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS

Positioning of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS in its sector

Comparison with sector Courtage de valeurs mobilières et de marchandises

Valuation estimate

Based on 109 transactions of similar company sales (all years), the value of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS is estimated at 291 799 € (range 126 242€ - 614 336€). With an EBITDA of 97 630€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.30x (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 2024
109 transactions
126k€ 291k€ 614k€
291 799 € Range: 126 242€ - 614 336€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
97 630 € × 2.9x
Estimation 285 972 €
112 082€ - 478 163€
Revenue Multiple 30%
1 455 924 € × 0.30x
Estimation 436 779 €
216 124€ - 1 098 487€
Net Income Multiple 20%
26 567 € × 3.3x
Estimation 88 901 €
26 822€ - 228 543€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 109 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 (Courtage de valeurs mobilières et de marchandises)

Compare NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Courtage de valeurs mobilières et de marchandises

Frequently asked questions about NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS

What is the revenue of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS ?

The revenue of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS in 2024 is 1.5 M€.

Is NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS profitable?

Yes, NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS generated a net profit of 27 k€ in 2024.

Where is the headquarters of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS ?

The headquarters of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS is located in PARIS (75009), in the department Paris.

Where to find the tax return of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS ?

The tax return of NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS 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 NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS operate?

NOVACAMBIOS-FRANCE BUREAU DE CHANGE SAS operates in the sector Courtage de valeurs mobilières et de marchandises (NAF code 66.12Z). See the 'Sector positioning' section above to compare the company with its competitors.