SIREN : 969508563
RAS is a French company founded 57 years ago, specialized in the sector Activités des sièges sociaux. Based in LYON (69009), this company of category ETI shows in 2023 a revenue of 40.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 40 878 286 € | 37 064 223 € | 30 618 509 € | 10 038 751 € | 8 393 119 € |
| Net income | 5 203 267 € | 7 927 449 € | 3 781 231 € | 1 328 390 € | 913 835 € |
| EBITDA | 15 297 564 € | 13 729 766 € | 10 680 957 € | 2 074 056 € | 1 788 752 € |
| Net margin | 12.7% | 21.4% | 12.3% | 13.2% | 10.9% |
In 2023, RAS achieves revenue of 40.9 M€. Over the period 2015-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +21.9%. Vs 2022, growth of +10% (37.1 M€ -> 40.9 M€). After deducting consumption (-10 k€), gross margin stands at 40.9 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 15.3 M€, representing 37.4% of 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 5.2 M€, i.e. 12.7% of revenue. This profit can be retained or distributed to shareholders.
40 878 286 €
40 887 979 €
15 297 564 €
12 388 325 €
5 203 267 €
37.4%
The debt ratio (= Financial debt / Equity x 100) stands at 318%. 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 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 19.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
317.551%
21.047%
19.925%
9.623
51.5%
In 2023, the debt ratio of RAS (317.55) 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 RAS (21.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2023, the repayment capacity of RAS (9.62) 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 563.53. 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 46.1x. Operating income very largely covers interest expenses: high safety margin.
563.534
46.084
In 2023, the liquidity ratio of RAS (563.53) 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 RAS (46.1x) 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: 175 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 75 days. The gap of 100 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 271 days of revenue, i.e. 30.8 M€ to permanently finance. Over 2015-2023, WCR increased by +394%, requiring additional financing.
30 793 613 €
175 j
75 j
0 j
271 j
Based on 89 transactions of similar company sales
in 2023,
the value of RAS is estimated at
44 187 146 €
(range 21 743 212€ - 77 485 327€).
With an EBITDA of 15 297 564€, the sector multiple of 4.0x is applied.
The price/revenue ratio is 0.52x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 89 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 RAS with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of RAS in 2023 is 40.9 M€.
Yes, RAS generated a net profit of 5.2 M€ in 2023.
The headquarters of RAS is located in LYON (69009), in the department Rhone.
The tax return of RAS 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).
RAS operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.