SIREN : 799827993
NOVAE is a French company founded 12 years ago, specialized in the sector Production et distribution de vapeur et d'air conditionné . Based in BOUGUENAIS (44340), this company of category GE shows in 2024 a revenue of 10.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-08-08
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
Point(s) de vigilance : exercice déficitaire ; liquidité à court terme tendue.
In summary, NOVAE is currently loss-making, which weighs on its accounts. Its financial structure is fragile, with debt above sector norms — a point to monitor. Point of attention: short-term liquidity is tight.
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10 000 630 € | 8 611 783 € | 8 493 905 € | 7 084 471 € | 4 824 091 € | 4 992 030 € | 3 222 106 € | 506 733 € | N/C |
| Net income | -932 399 € | -710 960 € | -564 617 € | -1 835 082 € | -811 901 € | 259 627 € | -157 428 € | -120 646 € | -7 187 € |
| EBITDA | 2 453 037 € | 2 719 729 € | 1 951 108 € | 814 792 € | 978 357 € | 683 965 € | 30 240 € | -119 884 € | -7 194 € |
| Net margin | -9.3% | -8.3% | -6.6% | -25.9% | -16.8% | 5.2% | -4.9% | -23.8% | N/C |
In 2024, NOVAE achieves revenue of 10.0 M€. Over the period 2020-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +20.0%. Vs 2023, growth of +16% (8.6 M€ -> 10.0 M€). After deducting consumption (5.3 M€), gross margin stands at 4.7 M€, i.e. a rate of 47%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.5 M€, representing 24.5% of revenue. Warning negative scissor effect: despite revenue change (+16%), EBITDA varies by -10%, reducing margin by 7.1 pts. This reflects costs rising faster than revenue. This ratio is more favorable than the sector median (14.6%). Net income is negative at -932 k€ (-9.3% of revenue), which will impact equity.
10 000 630 €
4 707 753 €
2 453 037 €
-508 431 €
-932 399 €
24.5%
The debt ratio (= Financial debt / Equity x 100) stands at 319%. This ratio is less favorable than the sector median (91.2%) and warrants attention. Financial autonomy (= Equity / Total assets x 100) reaches 14%. This ratio is slightly less favorable than the sector median (27.2%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 31.3 years of cash flow to repay all financial debt. This ratio is less favorable than the sector median (3.0 years) and warrants attention. Cash flow represents 8.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is more favorable than the sector median (8.2%).
318.79%
13.96%
8.24%
31.3
84.0%
In 2024, the debt ratio of NOVAE (318.8%) 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 NOVAE (14.0%) 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 NOVAE (31.30) 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 0.29. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 48.2x. This ratio is more favorable than the sector median (14.1x).
0.29
48.2
In 2024, the liquidity ratio of NOVAE (0.29) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of NOVAE (48.2x) 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: 146 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 255 days. Excellent situation: suppliers finance 109 days of the operating cycle (retail model). WCR is negative (-436 days): operations structurally generate cash. Between 2021 and 2024, WCR improved by 618 days of revenue, freeing up cash.
-12 103 362 €
146 j
255 j
0 j
-436 j
Based on 127 transactions of similar company sales (all years), the value of NOVAE is estimated at 5 661 026 € (range 750 089€ - 22 201 149€). With an EBITDA of 2 453 037€, the sector multiple of 2.3x is applied. The price/revenue ratio is 0.59x (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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 127 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 NOVAE with other companies in the same sector:
Voir toutes les statistiques du secteur Production et distribution de vapeur et d'air conditionné
Largest companies by revenue in the sector Production et distribution de vapeur et d'air conditionné :
Largest companies by revenue in the department Loire-Atlantique:
The revenue of NOVAE in 2024 is 10.0 M€.
NOVAE recorded a net loss in 2024.
The headquarters of NOVAE is located in BOUGUENAIS (44340), in the department Loire-Atlantique.
The tax return of NOVAE 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).
NOVAE operates in the sector Production et distribution de vapeur et d'air conditionné (NAF code 35.30Z). See the 'Sector positioning' section above to compare the company with its competitors.