PARTNAIRE MENUISERIE - SECOND OEUVRE : revenue, balance sheet and financial ratios

PARTNAIRE MENUISERIE - SECOND OEUVRE is a French company founded 55 years ago, specialized in the sector Activités des agences de travail temporaire . Based in OLIVET (45160), this company of category ETI shows in 2024 a revenue of 19.9 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 - PARTNAIRE MENUISERIE - SECOND OEUVRE (SIREN 712000439)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 19 890 768 € 21 112 954 € 21 524 695 € 19 053 181 € 14 156 121 € 13 421 529 € 12 695 337 € 12 999 041 € 7 638 439 €
Net income 343 469 € 376 381 € 271 201 € 580 070 € 71 156 € 72 337 € 411 604 € 664 276 € 396 871 €
EBITDA 473 744 € 564 187 € 490 728 € 447 665 € 51 424 € 101 206 € 324 055 € 628 951 € 365 429 €
Net margin 1.7% 1.8% 1.3% 3.0% 0.5% 0.5% 3.2% 5.1% 5.2%

Revenue and income statement

In 2024, PARTNAIRE MENUISERIE - SECOND OEUVRE achieves revenue of 19.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +12.7%. Slight decline of -6% vs 2023. After deducting consumption (15 €), gross margin stands at 19.9 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 474 k€, representing 2.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 343 k€, i.e. 1.7% 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

19 890 768 €

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

19 890 753 €

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

473 744 €

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

669 024 €

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

343 469 €

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

2.4%

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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 196%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 7%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 17.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

196.437%

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

7.154%

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

0.411%

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

17.713

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

4.6%

Solvency indicators evolution
PARTNAIRE MENUISERIE - SECOND OEUVRE

Sector positioning

Debt ratio
196.44 2024
2022
2023
2024
Q1: 0.0
Med: 2.73
Q3: 26.78
Watch

In 2024, the debt ratio of PARTNAIRE MENUISERIE - SE... (196.44) 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.

Financial autonomy
7.15% 2024
2022
2023
2024
Q1: 11.73%
Med: 25.56%
Q3: 44.76%
Average

In 2024, the financial autonomy of PARTNAIRE MENUISERIE - SE... (7.2%) 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
17.71 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.27 years
Watch

In 2024, the repayment capacity of PARTNAIRE MENUISERIE - SE... (17.71) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 118.64. 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 17.5x. Operating income very largely covers interest expenses: high safety margin.

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

118.64

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

17.478

Liquidity indicators evolution
PARTNAIRE MENUISERIE - SECOND OEUVRE

Sector positioning

Liquidity ratio
118.64 2024
2022
2023
2024
Q1: 111.16
Med: 138.5
Q3: 192.32
Average +7 pts over 3 years

In 2024, the liquidity ratio of PARTNAIRE MENUISERIE - SE... (118.64) 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
17.48x 2024
2022
2023
2024
Q1: -0.69x
Med: 0.0x
Q3: 1.34x
Excellent

In 2024, the interest coverage of PARTNAIRE MENUISERIE - SE... (17.5x) 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: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 202 days. Excellent situation: suppliers finance 145 days of the operating cycle (retail model). Overall, WCR represents 56 days of revenue, i.e. 3.1 M€ to permanently finance. Over 2016-2024, WCR increased by +133%, 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

3 089 832 €

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

57 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

202 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
PARTNAIRE MENUISERIE - SECOND OEUVRE

Positioning of PARTNAIRE MENUISERIE - SECOND OEUVRE in its sector

Comparison with sector Activités des agences de travail temporaire

Valuation estimate

Based on 135 transactions of similar company sales (all years), the value of PARTNAIRE MENUISERIE - SECOND OEUVRE is estimated at 1 066 403 € (range 654 313€ - 2 283 080€). With an EBITDA of 473 744€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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
135 transactions
654k€ 1066k€ 2283k€
1 066 403 € Range: 654 313€ - 2 283 080€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
473 744 € × 2.0x
Estimation 960 640 €
460 439€ - 2 263 041€
Revenue Multiple 30%
19 890 768 € × 0.08x
Estimation 1 530 247 €
1 200 935€ - 2 735 671€
Net Income Multiple 20%
343 469 € × 1.8x
Estimation 635 048 €
319 070€ - 1 654 293€
How is this estimate calculated?

This estimate is based on the analysis of 135 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 (Activités des agences de travail temporaire )

Compare PARTNAIRE MENUISERIE - SECOND OEUVRE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de travail temporaire

Frequently asked questions about PARTNAIRE MENUISERIE - SECOND OEUVRE

What is the revenue of PARTNAIRE MENUISERIE - SECOND OEUVRE ?

The revenue of PARTNAIRE MENUISERIE - SECOND OEUVRE in 2024 is 19.9 M€.

Is PARTNAIRE MENUISERIE - SECOND OEUVRE profitable?

Yes, PARTNAIRE MENUISERIE - SECOND OEUVRE generated a net profit of 343 k€ in 2024.

Where is the headquarters of PARTNAIRE MENUISERIE - SECOND OEUVRE ?

The headquarters of PARTNAIRE MENUISERIE - SECOND OEUVRE is located in OLIVET (45160), in the department Loiret.

Where to find the tax return of PARTNAIRE MENUISERIE - SECOND OEUVRE ?

The tax return of PARTNAIRE MENUISERIE - SECOND OEUVRE 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 PARTNAIRE MENUISERIE - SECOND OEUVRE operate?

PARTNAIRE MENUISERIE - SECOND OEUVRE operates in the sector Activités des agences de travail temporaire (NAF code 78.20Z). See the 'Sector positioning' section above to compare the company with its competitors.