Employees: 22 (2023.0)Legal category: SCA (commandite par actions)Size: PMECreation date: 1983-03-01 (43 years)Status: ActiveBusiness sector: Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier Location: VOURLES (69390), Rhone
PROFORM : revenue, balance sheet and financial ratios
PROFORM is a French company
founded 43 years ago,
specialized in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier .
Based in VOURLES (69390),
this company of category PME
shows in 2024 a revenue of 26.7 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2024, PROFORM achieves revenue of 26.7 M€. Activity remains stable over the period (CAGR: -0.3%). Slight decline of -3% vs 2023. After deducting consumption (12.2 M€), gross margin stands at 14.5 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -495 k€, representing -1.9% of revenue. Positive scissor effect: EBITDA margin improves by +3.5 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -913 k€ (-3.4% of revenue), which will impact equity.
Revenue (2024)
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Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production
26 732 990 €
Gross margin (2024)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
14 501 086 €
EBITDA (2024)
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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
-495 154 €
EBIT (2024)
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EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
-1 181 605 €
Net income (2024)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
-913 389 €
EBITDA margin (2024)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
-1.8%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
Change
Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 57%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory.
Debt ratio (2024)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
57.321%
Financial autonomy (2024)
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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
36.462%
Cash flow / Revenue (2024)
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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
-0.989%
Repayment capacity (2024)
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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
-15.45
Asset age ratio (2024)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Debt ratio
49.4
31.962
28.932
27.898
29.375
32.458
85.759
70.984
56.049
57.321
Financial autonomy
42.397
46.02
45.269
47.887
46.302
44.433
38.318
39.85
39.801
36.462
Repayment capacity
6.546
2.152
4.5
1.816
2.142
-20.949
6.261
4.321
-3.612
-15.45
Cash flow / Revenue
2.352%
4.992%
2.246%
5.363%
4.501%
-0.563%
4.608%
5.58%
-4.737%
-0.989%
Sector positioning
Debt ratio
57.322024
2022
2023
2024
Q1: 0.03
Med: 13.65
Q3: 57.82
Average
In 2024, the debt ratio of PROFORM (57.32) 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
36.46%2024
2022
2023
2024
Q1: 13.28%
Med: 44.95%
Q3: 59.44%
Average-6 pts over 3 years
In 2024, the financial autonomy of PROFORM (36.5%) 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
-15.45 years2024
2022
2023
2024
Q1: 0.0 years
Med: 0.16 years
Q3: 1.83 years
Excellent-60 pts over 3 years
In 2024, the repayment capacity of PROFORM (-15.45) 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 170.51. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Liquidity ratio (2024)
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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
170.515
Interest coverage (2024)
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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
-39.617
Liquidity indicators evolution PROFORM
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Liquidity ratio
203.466
190.778
182.502
198.673
196.779
191.034
287.164
257.007
198.104
170.515
Interest coverage
17.857
5.549
11.527
3.922
3.828
-9.545
2.417
5.462
-11.847
-39.617
Sector positioning
Liquidity ratio
170.512024
2022
2023
2024
Q1: 149.97
Med: 231.36
Q3: 292.15
Average-36 pts over 3 years
In 2024, the liquidity ratio of PROFORM (170.51) 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
-39.62x2024
2022
2023
2024
Q1: 0.0x
Med: 1.07x
Q3: 7.63x
Watch-57 pts over 3 years
In 2024, the interest coverage of PROFORM (-39.6x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.
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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Inventory turnover is 142 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 134 days of revenue, i.e. 9.9 M€ to permanently finance.
Operating WCR (2024)
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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
9 945 207 €
Customer credit (2024)
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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
43 j
Supplier credit (2024)
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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
67 j
Inventory turnover (2024)
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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
142 j
WCR in days of revenue (2024)
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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
134 j
WCR and payment terms evolution PROFORM
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Operating WCR
12 263 461 €
10 854 976 €
10 516 160 €
11 142 311 €
10 353 696 €
9 083 074 €
9 879 355 €
12 101 171 €
10 780 821 €
9 945 207 €
Inventory turnover (days)
144
147
147
142
141
156
137
153
139
142
Customer payment term (days)
49
47
43
45
39
46
45
40
40
43
Supplier payment term (days)
61
63
70
63
62
67
54
59
54
67
Positioning of PROFORM in its sector
Comparison with sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier
Similar companies (Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier )
Compare PROFORM with other companies in the same sector:
The headquarters of PROFORM is located in VOURLES (69390), in the department Rhone.
Where to find the tax return of PROFORM ?
The tax return of PROFORM 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 PROFORM operate?
PROFORM operates in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (NAF code 24.20Z). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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