RIVULIS IRRIGATION SAS : revenue, balance sheet and financial ratios

RIVULIS IRRIGATION SAS is a French company founded 39 years ago, specialized in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques. Based in LESPINASSE (31150), this company of category ETI shows in 2024 a revenue of 69.7 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 - RIVULIS IRRIGATION SAS (SIREN 342293628)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 69 679 156 € 66 464 293 € 65 118 395 € 63 163 552 € 54 457 683 € 53 025 099 € 46 845 827 € 42 957 555 € 42 712 313 €
Net income 2 940 509 € 3 077 121 € 1 176 383 € 3 669 771 € 2 598 874 € 2 052 472 € 2 489 755 € 2 876 801 € 881 711 €
EBITDA 6 551 730 € 5 270 502 € 2 329 483 € 4 272 430 € 4 267 040 € 3 093 263 € 2 132 714 € 2 733 769 € 901 824 €
Net margin 4.2% 4.6% 1.8% 5.8% 4.8% 3.9% 5.3% 6.7% 2.1%

Revenue and income statement

In 2024, RIVULIS IRRIGATION SAS achieves revenue of 69.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.3%. Vs 2023: +5%. After deducting consumption (42.4 M€), gross margin stands at 27.3 M€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.6 M€, representing 9.4% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.9 M€, i.e. 4.2% 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

69 679 156 €

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

27 312 846 €

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

6 551 730 €

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

4 496 700 €

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

2 940 509 €

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

9.4%

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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 3%. 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 49%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

3.205%

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

48.66%

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

4.837%

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

0.406

Asset age ratio (2024) ?
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

34.2%

Solvency indicators evolution
RIVULIS IRRIGATION SAS

Sector positioning

Debt ratio
3.21 2024
2022
2023
2024
Q1: 0.73
Med: 15.01
Q3: 54.26
Good

In 2024, the debt ratio of RIVULIS IRRIGATION SAS (3.21) 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
48.66% 2024
2022
2023
2024
Q1: 36.22%
Med: 56.58%
Q3: 72.34%
Average -29 pts over 3 years

In 2024, the financial autonomy of RIVULIS IRRIGATION SAS (48.7%) 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
0.41 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 1.35 years
Average +19 pts over 3 years

In 2024, the repayment capacity of RIVULIS IRRIGATION SAS (0.41) 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 189.01. 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 24.2x. 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

189.009

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

24.21

Liquidity indicators evolution
RIVULIS IRRIGATION SAS

Sector positioning

Liquidity ratio
189.01 2024
2022
2023
2024
Q1: 161.7
Med: 262.65
Q3: 376.36
Average -20 pts over 3 years

In 2024, the liquidity ratio of RIVULIS IRRIGATION SAS (189.01) 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
24.21x 2024
2022
2023
2024
Q1: 0.04x
Med: 2.6x
Q3: 12.16x
Excellent

In 2024, the interest coverage of RIVULIS IRRIGATION SAS (24.2x) 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: 230 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 232 days. Favorable situation: supplier credit is longer than customer credit by 2 days. Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 343 days of revenue, i.e. 66.4 M€ to permanently finance. Over 2016-2024, WCR increased by +189%, 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

66 403 539 €

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

230 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

232 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

46 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

343 j

WCR and payment terms evolution
RIVULIS IRRIGATION SAS

Positioning of RIVULIS IRRIGATION SAS in its sector

Comparison with sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of RIVULIS IRRIGATION SAS is estimated at 9 409 066 € (range 3 999 815€ - 18 901 521€). With an EBITDA of 6 551 730€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
76 tx
3999k€ 9409k€ 18901k€
9 409 066 € Range: 3 999 815€ - 18 901 521€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
6 551 730 € × 1.3x
Estimation 8 274 006 €
3 300 374€ - 18 370 138€
Revenue Multiple 30%
69 679 156 € × 0.20x
Estimation 14 176 018 €
6 776 833€ - 19 077 434€
Net Income Multiple 20%
2 940 509 € × 1.7x
Estimation 5 096 291 €
1 582 893€ - 19 966 112€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication de plaques, feuilles, tubes et profilés en matières plastiques)

Compare RIVULIS IRRIGATION SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Frequently asked questions about RIVULIS IRRIGATION SAS

What is the revenue of RIVULIS IRRIGATION SAS ?

The revenue of RIVULIS IRRIGATION SAS in 2024 is 69.7 M€.

Is RIVULIS IRRIGATION SAS profitable?

Yes, RIVULIS IRRIGATION SAS generated a net profit of 2.9 M€ in 2024.

Where is the headquarters of RIVULIS IRRIGATION SAS ?

The headquarters of RIVULIS IRRIGATION SAS is located in LESPINASSE (31150), in the department Haute-Garonne.

Where to find the tax return of RIVULIS IRRIGATION SAS ?

The tax return of RIVULIS IRRIGATION 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 RIVULIS IRRIGATION SAS operate?

RIVULIS IRRIGATION SAS operates in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques (NAF code 22.21Z). See the 'Sector positioning' section above to compare the company with its competitors.