RHENUS FREIGHT LOGISTICS : revenue, balance sheet and financial ratios

RHENUS FREIGHT LOGISTICS is a French company founded 49 years ago, specialized in the sector Affrètement et organisation des transports . Based in VAULX-MILIEU (38090), this company of category ETI shows in 2023 a revenue of 39.8 M€. 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 - RHENUS FREIGHT LOGISTICS (SIREN 308365097)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 39 846 553 € 40 086 860 € 38 361 697 € 32 925 191 € 34 674 743 € 33 594 086 € 32 231 483 € 29 364 302 €
Net income 102 644 € 38 240 € 815 056 € -1 826 245 € -96 398 € 123 475 € 252 766 € 293 826 €
EBITDA -2 724 846 € -1 540 874 € -1 340 338 € -1 914 115 € -1 709 404 € -1 901 660 € -1 905 924 € -2 016 330 €
Net margin 0.3% 0.1% 2.1% -5.5% -0.3% 0.4% 0.8% 1.0%

Revenue and income statement

In 2023, RHENUS FREIGHT LOGISTICS achieves revenue of 39.8 M€. Revenue is growing positively over 8 years (CAGR: +4.5%). Slight decline of -1% vs 2022. After deducting consumption (30 k€), gross margin stands at 39.8 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 -2.7 M€, representing -6.8% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -77%, reducing margin by 3.0 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 103 k€, i.e. 0.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

39 846 553 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

39 816 531 €

EBITDA (2023) ?
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

-2 724 846 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-2 787 985 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

102 644 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-6.8%

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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 160%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 26.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

160.421%

Financial autonomy (2023) ?
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

8.719%

Cash flow / Revenue (2023) ?
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

0.147%

Repayment capacity (2023) ?
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

26.145

Asset age ratio (2023) ?
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

33.6%

Solvency indicators evolution
RHENUS FREIGHT LOGISTICS

Sector positioning

Debt ratio
160.42 2023
2021
2022
2023
Q1: 0.0
Med: 7.46
Q3: 49.04
Watch +10 pts over 3 years

In 2023, the debt ratio of RHENUS FREIGHT LOGISTICS (160.42) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
8.72% 2023
2021
2022
2023
Q1: 15.05%
Med: 32.0%
Q3: 51.78%
Average

In 2023, the financial autonomy of RHENUS FREIGHT LOGISTICS (8.7%) 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
26.14 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.03 years
Q3: 1.11 years
Watch +25 pts over 3 years

In 2023, the repayment capacity of RHENUS FREIGHT LOGISTICS (26.14) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 104.51. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

104.514

Interest coverage (2023) ?
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

-4.542

Liquidity indicators evolution
RHENUS FREIGHT LOGISTICS

Sector positioning

Liquidity ratio
104.51 2023
2021
2022
2023
Q1: 120.57
Med: 159.14
Q3: 229.55
Watch

In 2023, the liquidity ratio of RHENUS FREIGHT LOGISTICS (104.51) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-4.54x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.29x
Q3: 4.82x
Average

In 2023, the interest coverage of RHENUS FREIGHT LOGISTICS (-4.5x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. The company must finance 13 days of gap between collections and payments. Overall, WCR represents 52 days of revenue, i.e. 5.8 M€ to permanently finance.

Operating WCR (2023) ?
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

5 754 241 €

Customer credit (2023) ?
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

56 j

Supplier credit (2023) ?
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

43 j

Inventory turnover (2023) ?
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 (2023) ?
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

52 j

WCR and payment terms evolution
RHENUS FREIGHT LOGISTICS

Positioning of RHENUS FREIGHT LOGISTICS in its sector

Comparison with sector Affrètement et organisation des transports

Valuation estimate

Based on 167 transactions of similar company sales (all years), the value of RHENUS FREIGHT LOGISTICS is estimated at 2 561 777 € (range 2 258 773€ - 4 543 194€). The price/revenue ratio is 0.11x (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 2023
167 transactions
2258k€ 2561k€ 4543k€
2 561 777 € Range: 2 258 773€ - 4 543 194€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
39 846 553 € × 0.11x
Estimation 4 226 221 €
3 746 351€ - 7 417 084€
Net Income Multiple 20%
102 644 € × 0.6x
Estimation 65 110 €
27 407€ - 232 360€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 167 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 (Affrètement et organisation des transports )

Compare RHENUS FREIGHT LOGISTICS with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about RHENUS FREIGHT LOGISTICS

What is the revenue of RHENUS FREIGHT LOGISTICS ?

The revenue of RHENUS FREIGHT LOGISTICS in 2023 is 39.8 M€.

Is RHENUS FREIGHT LOGISTICS profitable?

Yes, RHENUS FREIGHT LOGISTICS generated a net profit of 103 k€ in 2023.

Where is the headquarters of RHENUS FREIGHT LOGISTICS ?

The headquarters of RHENUS FREIGHT LOGISTICS is located in VAULX-MILIEU (38090), in the department Isere.

Where to find the tax return of RHENUS FREIGHT LOGISTICS ?

The tax return of RHENUS FREIGHT LOGISTICS 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 RHENUS FREIGHT LOGISTICS operate?

RHENUS FREIGHT LOGISTICS operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.