SIREN : 503824799
PHASE NEUTRE is a French company founded 18 years ago, specialized in the sector Vente à distance sur catalogue spécialisé. Based in LA RICAMARIE (42150), this company of category ETI shows in 2023 a revenue of 81.2 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 81 245 145 € | 72 017 094 € | 69 085 766 € | 58 218 379 € | 43 584 499 € |
| Net income | 4 164 212 € | 3 270 690 € | 3 479 459 € | 4 117 921 € | 2 962 256 € |
| EBITDA | 6 634 485 € | 5 400 245 € | 6 431 958 € | 5 648 297 € | 4 177 001 € |
| Net margin | 5.1% | 4.5% | 5.0% | 7.1% | 6.8% |
In 2023, PHASE NEUTRE achieves revenue of 81.2 M€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +16.8%. Vs 2022, growth of +13% (72.0 M€ -> 81.2 M€). After deducting consumption (60.9 M€), gross margin stands at 20.4 M€, i.e. a rate of 25%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.6 M€, representing 8.2% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.2 M€, i.e. 5.1% of revenue. This profit can be retained or distributed to shareholders.
81 245 145 €
20 360 530 €
6 634 485 €
6 946 245 €
4 164 212 €
8.2%
The debt ratio (= Financial debt / Equity x 100) stands at 7%. 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 56%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
7.37%
56.289%
4.666%
0.245
41.4%
In 2023, the debt ratio of PHASE NEUTRE (7.37) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2023, the financial autonomy of PHASE NEUTRE (56.3%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2023, the repayment capacity of PHASE NEUTRE (0.24) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 240.88. 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 8.2x. Operating income very largely covers interest expenses: high safety margin.
240.876
8.235
In 2023, the liquidity ratio of PHASE NEUTRE (240.88) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2023, the interest coverage of PHASE NEUTRE (8.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 29 days. Favorable situation: supplier credit is longer than customer credit by 29 days. Inventory turnover is 63 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 59 days of revenue, i.e. 13.4 M€ to permanently finance. Over 2019-2023, WCR increased by +78%, requiring additional financing.
13 363 201 €
0 j
29 j
63 j
59 j
Based on 121 transactions of similar company sales (all years), the value of PHASE NEUTRE is estimated at 20 276 648 € (range 9 452 567€ - 47 062 248€). With an EBITDA of 6 634 485€, the sector multiple of 3.2x is applied. The price/revenue ratio is 0.27x (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.
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This estimate is based on the analysis of 121 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 PHASE NEUTRE with other companies in the same sector:
Voir toutes les statistiques du secteur Vente à distance sur catalogue spécialisé
The revenue of PHASE NEUTRE in 2023 is 81.2 M€.
Yes, PHASE NEUTRE generated a net profit of 4.2 M€ in 2023.
The headquarters of PHASE NEUTRE is located in LA RICAMARIE (42150), in the department Loire.
The tax return of PHASE NEUTRE 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).
PHASE NEUTRE operates in the sector Vente à distance sur catalogue spécialisé (NAF code 47.91B). See the 'Sector positioning' section above to compare the company with its competitors.