SIREN : 352018865
REF HYDRO is a French company founded 36 years ago, specialized in the sector Production d'électricité. Based in PARIS (75010), this company of category ETI shows in 2024 a revenue of 2.8 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 842 915 € | 2 292 914 € | 3 120 500 € | 2 632 230 € | 914 461 € | 557 170 € | 563 963 € | 516 954 € | 346 752 € |
| Net income | 385 604 € | -79 926 € | 615 289 € | 649 772 € | -881 784 € | 149 117 € | 185 850 € | 143 274 € | 73 781 € |
| EBITDA | 2 179 023 € | 1 533 994 € | 2 085 767 € | 2 042 280 € | 526 137 € | 363 607 € | 418 182 € | 376 616 € | 209 635 € |
| Net margin | 13.6% | -3.5% | 19.7% | 24.7% | -96.4% | 26.8% | 33.0% | 27.7% | 21.3% |
In 2024, REF HYDRO achieves revenue of 2.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +30.1%. Vs 2023, growth of +24% (2.3 M€ -> 2.8 M€). After deducting consumption (12 k€), gross margin stands at 2.8 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 2.2 M€, representing 76.6% of revenue. Positive scissor effect: EBITDA margin improves by +9.7 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 386 k€, i.e. 13.6% of revenue. This profit can be retained or distributed to shareholders.
2 842 915 €
2 831 150 €
2 179 023 €
1 304 801 €
385 604 €
76.6%
The debt ratio (= Financial debt / Equity x 100) stands at 1215%. 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 8.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 41.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
1214.621%
7.266%
41.726%
8.873
16.7%
In 2024, the debt ratio of REF HYDRO (1214.62) 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 2024, the financial autonomy of REF HYDRO (7.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of REF HYDRO (8.87) 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 355.73. 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 27.3x. Operating income very largely covers interest expenses: high safety margin.
355.73
27.319
In 2024, the liquidity ratio of REF HYDRO (355.73) 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 2024, the interest coverage of REF HYDRO (27.3x) 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: 54 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 149 days. Excellent situation: suppliers finance 95 days of the operating cycle (retail model). Overall, WCR represents 51 days of revenue, i.e. 403 k€ to permanently finance. Over 2016-2024, WCR increased by +92%, requiring additional financing.
403 267 €
54 j
149 j
0 j
51 j
Based on 85 transactions of similar company sales
(all years),
the value of REF HYDRO is estimated at
3 448 392 €
(range 461 840€ - 13 705 270€).
With an EBITDA of 2 179 023€, the sector multiple of 2.4x is applied.
The price/revenue ratio is 0.69x
(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 85 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 REF HYDRO with other companies in the same sector:
Voir toutes les statistiques du secteur Production d'électricité
The revenue of REF HYDRO in 2024 is 2.8 M€.
Yes, REF HYDRO generated a net profit of 386 k€ in 2024.
The headquarters of REF HYDRO is located in PARIS (75010), in the department Paris.
The tax return of REF HYDRO 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).
REF HYDRO operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.