RISTRETTO INVESTISSEMENTS SAS : revenue, balance sheet and financial ratios

RISTRETTO INVESTISSEMENTS SAS is a French company founded 21 years ago, specialized in the sector Activités des sociétés holding. Based in CHARNAY-LES-MACON (71850), this company of category ETI shows in 2024 a revenue of 40.7 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 - RISTRETTO INVESTISSEMENTS SAS (SIREN 478517378)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 40 660 240 € 25 293 318 € 33 219 164 € 20 100 135 € 19 450 234 € 29 455 618 € 35 195 203 € 15 737 204 € 4 182 928 €
Net income 7 558 108 € 7 380 972 € 6 729 182 € -3 842 208 € 896 449 € -5 429 330 € -13 083 230 € -14 053 878 € -33 737 043 €
EBITDA 3 740 966 € 380 097 € 2 489 615 € -5 103 051 € -1 805 197 € -9 582 790 € -26 392 683 € 11 635 253 € 2 137 931 €
Net margin 18.6% 29.2% 20.3% -19.1% 4.6% -18.4% -37.2% -89.3% -806.5%

Revenue and income statement

In 2024, RISTRETTO INVESTISSEMENTS SAS achieves revenue of 40.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +32.9%. Vs 2023, growth of +61% (25.3 M€ -> 40.7 M€). After deducting consumption (0 €), gross margin stands at 40.7 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 3.7 M€, representing 9.2% of revenue. Positive scissor effect: EBITDA margin improves by +7.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 7.6 M€, i.e. 18.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

40 660 240 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

40 660 240 €

EBITDA (2024) ?
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

3 740 966 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 280 309 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

7 558 108 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

9.2%

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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 6%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 87%. 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 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 22.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

5.629%

Financial autonomy (2024) ?
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

86.96%

Cash flow / Revenue (2024) ?
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

22.207%

Repayment capacity (2024) ?
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

3.29

Solvency indicators evolution
RISTRETTO INVESTISSEMENTS SAS

Sector positioning

Debt ratio
5.63 2024
2022
2023
2024
Q1: 0.01
Med: 8.77
Q3: 62.6
Good -8 pts over 3 years

In 2024, the debt ratio of RISTRETTO INVESTISSEMENTS... (5.63) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
86.96% 2024
2022
2023
2024
Q1: 15.71%
Med: 62.26%
Q3: 91.3%
Good

In 2024, the financial autonomy of RISTRETTO INVESTISSEMENTS... (87.0%) 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.

Repayment capacity
3.29 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 3.07 years
Average

In 2024, the repayment capacity of RISTRETTO INVESTISSEMENTS... (3.29) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 98.46. 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 51.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

98.459

Interest coverage (2024) ?
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

51.14

Liquidity indicators evolution
RISTRETTO INVESTISSEMENTS SAS

Sector positioning

Liquidity ratio
98.46 2024
2022
2023
2024
Q1: 138.65
Med: 681.09
Q3: 3914.52
Average

In 2024, the liquidity ratio of RISTRETTO INVESTISSEMENTS... (98.46) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
51.14x 2024
2022
2023
2024
Q1: -74.77x
Med: 0.0x
Q3: 0.0x
Excellent

In 2024, the interest coverage of RISTRETTO INVESTISSEMENTS... (51.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 249 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 262 days. Favorable situation: supplier credit is longer than customer credit by 13 days. Overall, WCR represents 255 days of revenue, i.e. 28.8 M€ to permanently finance. Over 2016-2024, WCR increased by +203%, requiring additional financing.

Operating WCR (2024) ?
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

28 809 000 €

Customer credit (2024) ?
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

249 j

Supplier credit (2024) ?
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

262 j

Inventory turnover (2024) ?
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 (2024) ?
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

255 j

WCR and payment terms evolution
RISTRETTO INVESTISSEMENTS SAS

Positioning of RISTRETTO INVESTISSEMENTS SAS in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 54 transactions of similar company sales in 2024, the value of RISTRETTO INVESTISSEMENTS SAS is estimated at 18 434 165 € (range 7 406 727€ - 35 415 210€). With an EBITDA of 3 740 966€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (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.

Estimated enterprise value 2024
54 tx
7406k€ 18434k€ 35415k€
18 434 165 € Range: 7 406 727€ - 35 415 210€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 740 966 € × 4.8x
Estimation 18 090 752 €
3 062 320€ - 31 175 644€
Revenue Multiple 30%
40 660 240 € × 0.59x
Estimation 23 939 598 €
14 893 459€ - 28 459 669€
Net Income Multiple 20%
7 558 108 € × 1.5x
Estimation 11 034 550 €
7 037 649€ - 56 447 440€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 54 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 (Activités des sociétés holding)

Compare RISTRETTO INVESTISSEMENTS SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about RISTRETTO INVESTISSEMENTS SAS

What is the revenue of RISTRETTO INVESTISSEMENTS SAS ?

The revenue of RISTRETTO INVESTISSEMENTS SAS in 2024 is 40.7 M€.

Is RISTRETTO INVESTISSEMENTS SAS profitable?

Yes, RISTRETTO INVESTISSEMENTS SAS generated a net profit of 7.6 M€ in 2024.

Where is the headquarters of RISTRETTO INVESTISSEMENTS SAS ?

The headquarters of RISTRETTO INVESTISSEMENTS SAS is located in CHARNAY-LES-MACON (71850), in the department Saone-et-Loire.

Where to find the tax return of RISTRETTO INVESTISSEMENTS SAS ?

The tax return of RISTRETTO INVESTISSEMENTS SAS 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 RISTRETTO INVESTISSEMENTS SAS operate?

RISTRETTO INVESTISSEMENTS SAS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.