NOVARES GROUP : revenue, balance sheet and financial ratios

NOVARES GROUP is a French company founded 10 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in VELIZY-VILLACOUBLAY (78140), this company of category ETI shows in 2024 a revenue of 68.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - NOVARES GROUP (SIREN 814811592)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 68 518 462 € 65 939 110 € 64 866 851 € 63 764 159 € 61 769 377 € 68 107 740 € 63 940 834 € 2 001 000 € 7 252 757 €
Net income 238 247 527 € -202 255 261 € -97 611 671 € 10 925 125 € -64 252 288 € -46 399 150 € 23 577 428 € -12 644 000 € -349 697 €
EBITDA -2 161 178 € -4 682 364 € -3 085 025 € -3 411 815 € -3 289 955 € -2 939 453 € -6 114 560 € -1 749 000 € -1 228 164 €
Net margin 347.7% -306.7% -150.5% 17.1% -104.0% -68.1% 36.9% -631.9% -4.8%

Revenue and income statement

In 2024, NOVARES GROUP achieves revenue of 68.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +32.4%. Vs 2023: +4%. After deducting consumption (989 k€), gross margin stands at 67.5 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -2.2 M€, representing -3.2% of revenue. Positive scissor effect: EBITDA margin improves by +3.9 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 238.2 M€, i.e. 347.7% 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

68 518 462 €

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

67 529 936 €

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

-2 161 178 €

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

-2 197 945 €

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

238 247 527 €

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

-3.2%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 22%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 61.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

22.388%

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

61.19%

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

61.084%

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

2.251

Solvency indicators evolution
NOVARES GROUP

Sector positioning

Debt ratio
22.39 2024
2022
2023
2024
Q1: 0.0
Med: 4.01
Q3: 41.89
Average

In 2024, the debt ratio of NOVARES GROUP (22.39) 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
61.19% 2024
2022
2023
2024
Q1: 4.32%
Med: 38.98%
Q3: 76.52%
Good

In 2024, the financial autonomy of NOVARES GROUP (61.2%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
2.25 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.11 years
Average

In 2024, the repayment capacity of NOVARES GROUP (2.25) 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 116.45. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

116.451

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

-3242.587

Liquidity indicators evolution
NOVARES GROUP

Sector positioning

Liquidity ratio
116.45 2024
2022
2023
2024
Q1: 139.09
Med: 313.97
Q3: 967.44
Average

In 2024, the liquidity ratio of NOVARES GROUP (116.45) 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
-3242.59x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.28x
Average

In 2024, the interest coverage of NOVARES GROUP (-3242.6x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 136 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The gap of 89 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 146 days of revenue, i.e. 27.8 M€ to permanently finance. Over 2016-2024, WCR increased by +241%, requiring additional financing.

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

27 838 366 €

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

136 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

47 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

146 j

WCR and payment terms evolution
NOVARES GROUP

Positioning of NOVARES GROUP in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 69 transactions of similar company sales in 2024, the value of NOVARES GROUP is estimated at 687 082 109 € (range 264 963 827€ - 1 682 104 849€). The price/revenue ratio is 0.66x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
69 tx
264963k€ 687082k€ 1682104k€
687 082 109 € Range: 264 963 827€ - 1 682 104 849€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
68 518 462 € × 0.66x
Estimation 45 146 825 €
26 274 121€ - 49 921 467€
Net Income Multiple 20%
238 247 527 € × 6.9x
Estimation 1 649 985 037 €
622 998 387€ - 4 130 379 922€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 69 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 (Conseil pour les affaires et autres conseils de gestion)

Compare NOVARES GROUP with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about NOVARES GROUP

What is the revenue of NOVARES GROUP ?

The revenue of NOVARES GROUP in 2024 is 68.5 M€.

Is NOVARES GROUP profitable?

Yes, NOVARES GROUP generated a net profit of 238.2 M€ in 2024.

Where is the headquarters of NOVARES GROUP ?

The headquarters of NOVARES GROUP is located in VELIZY-VILLACOUBLAY (78140), in the department Yvelines.

Where to find the tax return of NOVARES GROUP ?

The tax return of NOVARES GROUP 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 NOVARES GROUP operate?

NOVARES GROUP operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.