PARC EOLIEN HOMBLEUX 1 : revenue, balance sheet and financial ratios

In 2024, PARC EOLIEN HOMBLEUX 1 achieves revenue of 1.7 M€. Revenue is growing positively over 9 years (CAGR: +0.5%). Slight decline of -4% vs 2023. After deducting consumption (0 €), gross margin stands at 1.7 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 916 k€, representing 53.1% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -20%, reducing margin by 11.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 534 k€, i.e. 31.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at -150%. 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 -137%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 13.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 34.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 1961.53. 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 50.0x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. The company must finance 20 days of gap between collections and payments. Overall, WCR represents 543 days of revenue, i.e. 2.6 M€ to permanently finance. Over 2016-2024, WCR increased by +148%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of PARC EOLIEN HOMBLEUX 1 is estimated at 1 773 460 € (range 270 160€ - 7 108 168€). With an EBITDA of 915 723€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.