RHENUS PARTNERSHIP FRANCE : revenue, balance sheet and financial ratios

RHENUS PARTNERSHIP FRANCE is a French company founded 54 years ago, specialized in the sector Affrètement et organisation des transports . Based in UCKANGE (57270), this company of category ETI shows in 2018 a revenue of 51.6 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 PARTNERSHIP FRANCE (SIREN 787280817)
Indicator 2018 2017 2016
Revenue 51 584 064 € 47 599 175 € 44 888 481 €
Net income 835 417 € 131 190 € 348 708 €
EBITDA 1 274 127 € 241 462 € -554 755 €
Net margin 1.6% 0.3% 0.8%

Revenue and income statement

In 2018, RHENUS PARTNERSHIP FRANCE achieves revenue of 51.6 M€. Over the period 2016-2018, the company shows strong growth with a CAGR (compound annual growth rate) of +7.2%. Vs 2017: +8%. After deducting consumption (-22 k€), gross margin stands at 51.6 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 1.3 M€, representing 2.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 835 k€, i.e. 1.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

51 584 064 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

51 606 465 €

EBITDA (2018) ?
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

1 274 127 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 309 315 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

835 417 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.5%

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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 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 22%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

73.695%

Financial autonomy (2018) ?
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

22.168%

Cash flow / Revenue (2018) ?
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

1.752%

Repayment capacity (2018) ?
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

1.973

Asset age ratio (2018) ?
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

53.3%

Solvency indicators evolution
RHENUS PARTNERSHIP FRANCE

Sector positioning

Debt ratio
73.69 2018
2016
2017
2018
Q1: 0.0
Med: 3.22
Q3: 37.32
Watch

In 2018, the debt ratio of RHENUS PARTNERSHIP FRANCE (73.69) 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
22.17% 2018
2016
2017
2018
Q1: 12.19%
Med: 27.75%
Q3: 46.29%
Average +8 pts over 3 years

In 2018, the financial autonomy of RHENUS PARTNERSHIP FRANCE (22.2%) 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
1.97 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.0 years
Q3: 0.82 years
Watch

In 2018, the repayment capacity of RHENUS PARTNERSHIP FRANCE (1.97) 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 158.54. 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 2.4x. Financial charges are adequately covered by operations.

Liquidity ratio (2018) ?
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

158.545

Interest coverage (2018) ?
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

2.416

Liquidity indicators evolution
RHENUS PARTNERSHIP FRANCE

Sector positioning

Liquidity ratio
158.54 2018
2016
2017
2018
Q1: 114.29
Med: 143.31
Q3: 206.8
Good

In 2018, the liquidity ratio of RHENUS PARTNERSHIP FRANCE (158.54) 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.

Interest coverage
2.42x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.06x
Q3: 2.53x
Good +49 pts over 3 years

In 2018, the interest coverage of RHENUS PARTNERSHIP FRANCE (2.4x) 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The company must finance 10 days of gap between collections and payments. Overall, WCR represents 54 days of revenue, i.e. 7.7 M€ to permanently finance. Over 2016-2018, WCR increased by +37%, requiring additional financing.

Operating WCR (2018) ?
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

7 666 939 €

Customer credit (2018) ?
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

45 j

Supplier credit (2018) ?
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

35 j

Inventory turnover (2018) ?
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 (2018) ?
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

54 j

WCR and payment terms evolution
RHENUS PARTNERSHIP FRANCE

Positioning of RHENUS PARTNERSHIP FRANCE 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 PARTNERSHIP FRANCE is estimated at 2 317 887 € (range 1 708 041€ - 4 052 091€). With an EBITDA of 1 274 127€, the sector multiple of 0.9x is applied. 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 2018
167 transactions
1708k€ 2317k€ 4052k€
2 317 887 € Range: 1 708 041€ - 4 052 091€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 274 127 € × 0.9x
Estimation 1 141 124 €
416 912€ - 1 586 563€
Revenue Multiple 30%
51 584 064 € × 0.11x
Estimation 5 471 130 €
4 849 905€ - 9 601 918€
Net Income Multiple 20%
835 417 € × 0.6x
Estimation 529 931 €
223 068€ - 1 891 170€

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 PARTNERSHIP FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about RHENUS PARTNERSHIP FRANCE

What is the revenue of RHENUS PARTNERSHIP FRANCE ?

The revenue of RHENUS PARTNERSHIP FRANCE in 2018 is 51.6 M€.

Is RHENUS PARTNERSHIP FRANCE profitable?

Yes, RHENUS PARTNERSHIP FRANCE generated a net profit of 835 k€ in 2018.

Where is the headquarters of RHENUS PARTNERSHIP FRANCE ?

The headquarters of RHENUS PARTNERSHIP FRANCE is located in UCKANGE (57270), in the department Moselle.

Where to find the tax return of RHENUS PARTNERSHIP FRANCE ?

The tax return of RHENUS PARTNERSHIP FRANCE 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 PARTNERSHIP FRANCE operate?

RHENUS PARTNERSHIP FRANCE 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.