PROVENCE GEOTECHNIQUE ET FONDATIONS : revenue, balance sheet and financial ratios

PROVENCE GEOTECHNIQUE ET FONDATIONS is a French company founded 7 years ago, specialized in the sector Forages et sondages. Based in GRASSE (06130), this company of category PME shows in 2021 a revenue of 604 k€. 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 - PROVENCE GEOTECHNIQUE ET FONDATIONS (SIREN 845154483)
Indicator 2021 2020 2019
Revenue 603 970 € 287 727 € 268 955 €
Net income 173 183 € 26 280 € 30 224 €
EBITDA 245 560 € 44 046 € 40 549 €
Net margin 28.7% 9.1% 11.2%

Revenue and income statement

In 2021, PROVENCE GEOTECHNIQUE ET FONDATIONS achieves revenue of 604 k€. Over the period 2019-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +49.9%. Vs 2020, growth of +110% (288 k€ -> 604 k€). After deducting consumption (138 k€), gross margin stands at 466 k€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 246 k€, representing 40.7% of revenue. Positive scissor effect: EBITDA margin improves by +25.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 173 k€, i.e. 28.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

603 970 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

466 066 €

EBITDA (2021) ?
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

245 560 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

233 317 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

173 183 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

40.7%

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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 33%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 30.9% 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 (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

33.45%

Financial autonomy (2021) ?
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

14.244%

Cash flow / Revenue (2021) ?
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

30.902%

Repayment capacity (2021) ?
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

0.348

Asset age ratio (2021) ?
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

82.1%

Solvency indicators evolution
PROVENCE GEOTECHNIQUE ET FONDATIONS

Sector positioning

Debt ratio
33.45 2021
2019
2020
2021
Q1: 4.0
Med: 33.65
Q3: 102.98
Good -25 pts over 3 years

In 2021, the debt ratio of PROVENCE GEOTECHNIQUE ET ... (33.45) 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
14.24% 2021
2019
2020
2021
Q1: 16.8%
Med: 38.98%
Q3: 60.1%
Watch -7 pts over 3 years

In 2021, the financial autonomy of PROVENCE GEOTECHNIQUE ET ... (14.2%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
0.35 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.72 years
Q3: 2.16 years
Good -31 pts over 3 years

In 2021, the repayment capacity of PROVENCE GEOTECHNIQUE ET ... (0.35) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 164.30. 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 1.1x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2021) ?
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

164.304

Interest coverage (2021) ?
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

1.126

Liquidity indicators evolution
PROVENCE GEOTECHNIQUE ET FONDATIONS

Sector positioning

Liquidity ratio
164.3 2021
2019
2020
2021
Q1: 156.84
Med: 240.31
Q3: 338.52
Average +7 pts over 3 years

In 2021, the liquidity ratio of PROVENCE GEOTECHNIQUE ET ... (164.30) 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
1.13x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.54x
Q3: 2.66x
Good

In 2021, the interest coverage of PROVENCE GEOTECHNIQUE ET ... (1.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. Favorable situation: supplier credit is longer than customer credit by 22 days. WCR is negative (-75 days): operations structurally generate cash. Notable WCR improvement over the period (-112%), freeing up cash.

Operating WCR (2021) ?
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

-126 163 €

Customer credit (2021) ?
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

34 j

Supplier credit (2021) ?
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

56 j

Inventory turnover (2021) ?
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 (2021) ?
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

-75 j

WCR and payment terms evolution
PROVENCE GEOTECHNIQUE ET FONDATIONS

Positioning of PROVENCE GEOTECHNIQUE ET FONDATIONS in its sector

Comparison with sector Forages et sondages

Valuation estimate

Based on 136 transactions of similar company sales (all years), the value of PROVENCE GEOTECHNIQUE ET FONDATIONS is estimated at 354 455 € (range 91 979€ - 821 110€). With an EBITDA of 245 560€, the sector multiple of 1.7x is applied. The price/revenue ratio is 0.21x (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 2021
136 transactions
91k€ 354k€ 821k€
354 455 € Range: 91 979€ - 821 110€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
245 560 € × 1.7x
Estimation 415 118 €
92 453€ - 857 239€
Revenue Multiple 30%
603 970 € × 0.21x
Estimation 125 570 €
71 347€ - 283 532€
Net Income Multiple 20%
173 183 € × 3.2x
Estimation 546 126 €
121 742€ - 1 537 155€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 136 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 (Forages et sondages)

Compare PROVENCE GEOTECHNIQUE ET FONDATIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Forages et sondages

Frequently asked questions about PROVENCE GEOTECHNIQUE ET FONDATIONS

What is the revenue of PROVENCE GEOTECHNIQUE ET FONDATIONS ?

The revenue of PROVENCE GEOTECHNIQUE ET FONDATIONS in 2021 is 604 k€.

Is PROVENCE GEOTECHNIQUE ET FONDATIONS profitable?

Yes, PROVENCE GEOTECHNIQUE ET FONDATIONS generated a net profit of 173 k€ in 2021.

Where is the headquarters of PROVENCE GEOTECHNIQUE ET FONDATIONS ?

The headquarters of PROVENCE GEOTECHNIQUE ET FONDATIONS is located in GRASSE (06130), in the department Alpes-Maritimes.

Where to find the tax return of PROVENCE GEOTECHNIQUE ET FONDATIONS ?

The tax return of PROVENCE GEOTECHNIQUE ET FONDATIONS 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 PROVENCE GEOTECHNIQUE ET FONDATIONS operate?

PROVENCE GEOTECHNIQUE ET FONDATIONS operates in the sector Forages et sondages (NAF code 43.13Z). See the 'Sector positioning' section above to compare the company with its competitors.