OPENCODE SYSTEMS FRANCE : revenue, balance sheet and financial ratios

OPENCODE SYSTEMS FRANCE is a French company founded 19 years ago, specialized in the sector Intermédiaires du commerce en machines, équipements industriels, navires et avions. Based in PARIS (75008), this company of category PME shows in 2024 a revenue of 253 k€. 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

Financial history - OPENCODE SYSTEMS FRANCE (SIREN 498098169)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 253 000 € 230 000 € 180 000 € 240 000 € 164 000 € 190 000 € 250 228 € 236 000 € 163 822 €
Net income 29 857 € -32 060 € -2 295 € 30 027 € -17 856 € -2 828 € 5 722 € 1 091 € -7 155 €
EBITDA 30 068 € -31 889 € -2 294 € 30 768 € -17 213 € -2 824 € 6 564 € 1 668 € -6 702 €
Net margin 11.8% -13.9% -1.3% 12.5% -10.9% -1.5% 2.3% 0.5% -4.4%

Revenue and income statement

In 2024, OPENCODE SYSTEMS FRANCE achieves revenue of 253 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.6%. Vs 2023: +10%. After deducting consumption (0 €), gross margin stands at 253 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30 k€, representing 11.9% of revenue. Positive scissor effect: EBITDA margin improves by +25.7 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 30 k€, i.e. 11.8% 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

253 000 €

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

253 000 €

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

30 068 €

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

29 857 €

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

29 857 €

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

11.9%

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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 0%. 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 40%. The balance between equity and debt is satisfactory. Cash flow represents 11.9% 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

0.0%

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

39.987%

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

11.885%

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

0.0

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

73.6%

Solvency indicators evolution
OPENCODE SYSTEMS FRANCE

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: -592.0
Med: 0.0
Q3: 16.43
Good +25 pts over 3 years

In 2024, the debt ratio of OPENCODE SYSTEMS FRANCE (0.00) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
39.99% 2024
2022
2023
2024
Q1: 18.26%
Med: 58.72%
Q3: 68.35%
Average -18 pts over 3 years

In 2024, the financial autonomy of OPENCODE SYSTEMS FRANCE (40.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 3.75 years
Excellent

In 2024, the repayment capacity of OPENCODE SYSTEMS FRANCE (0.00) 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 164.38. 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

164.383

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

0.0

Liquidity indicators evolution
OPENCODE SYSTEMS FRANCE

Sector positioning

Liquidity ratio
164.38 2024
2022
2023
2024
Q1: 31.66
Med: 183.31
Q3: 376.64
Average +13 pts over 3 years

In 2024, the liquidity ratio of OPENCODE SYSTEMS FRANCE (164.38) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 5.49x
Average

In 2024, the interest coverage of OPENCODE SYSTEMS FRANCE (0.0x) 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. WCR is negative (-56 days): operations structurally generate cash. Notable WCR improvement over the period (-30%), 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

-39 124 €

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

0 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

-56 j

WCR and payment terms evolution
OPENCODE SYSTEMS FRANCE

Positioning of OPENCODE SYSTEMS FRANCE in its sector

Comparison with sector Intermédiaires du commerce en machines, équipements industriels, navires et avions

Valuation estimate

Based on 229 transactions of similar company sales (all years), the value of OPENCODE SYSTEMS FRANCE is estimated at 59 114 € (range 23 686€ - 182 211€). With an EBITDA of 30 068€, the sector multiple of 1.6x 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.

Estimated enterprise value 2024
229 transactions
23k€ 59k€ 182k€
59 114 € Range: 23 686€ - 182 211€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
30 068 € × 1.6x
Estimation 48 844 €
15 941€ - 162 158€
Revenue Multiple 30%
253 000 € × 0.32x
Estimation 82 045 €
38 470€ - 200 729€
Net Income Multiple 20%
29 857 € × 1.7x
Estimation 50 397 €
20 877€ - 204 571€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 229 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 (Intermédiaires du commerce en machines, équipements industriels, navires et avions)

Compare OPENCODE SYSTEMS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Intermédiaires du commerce en machines, équipements industriels, navires et avions

Frequently asked questions about OPENCODE SYSTEMS FRANCE

What is the revenue of OPENCODE SYSTEMS FRANCE ?

The revenue of OPENCODE SYSTEMS FRANCE in 2024 is 253 k€.

Is OPENCODE SYSTEMS FRANCE profitable?

Yes, OPENCODE SYSTEMS FRANCE generated a net profit of 30 k€ in 2024.

Where is the headquarters of OPENCODE SYSTEMS FRANCE ?

The headquarters of OPENCODE SYSTEMS FRANCE is located in PARIS (75008), in the department Paris.

Where to find the tax return of OPENCODE SYSTEMS FRANCE ?

The tax return of OPENCODE SYSTEMS FRANCE 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 OPENCODE SYSTEMS FRANCE operate?

OPENCODE SYSTEMS FRANCE operates in the sector Intermédiaires du commerce en machines, équipements industriels, navires et avions (NAF code 46.14Z). See the 'Sector positioning' section above to compare the company with its competitors.