RESEAU COMPETENCES ET DEVELOPPEMENT : revenue, balance sheet and financial ratios

In 2025, RESEAU COMPETENCES ET DEVELOPPEMENT achieves revenue of 10.4 M€. Revenue is growing positively over 9 years (CAGR: +3.1%). Significant drop of -22% vs 2024. After deducting consumption (0 €), gross margin stands at 10.4 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 2.8 M€, representing 26.7% 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 3.2 M€, i.e. 30.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 36%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. 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 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 48.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 380.12. 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 80.0x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 228 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 80 days. The gap of 148 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 344 days of revenue, i.e. 9.9 M€ to permanently finance. Over 2016-2025, WCR increased by +25%, requiring additional financing.

Based on 134 transactions of similar company sales (all years), the value of RESEAU COMPETENCES ET DEVELOPPEMENT is estimated at 5 982 757 € (range 2 156 072€ - 20 100 217€). With an EBITDA of 2 765 247€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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.