ROYER SYSTEMS : revenue, balance sheet and financial ratios

ROYER SYSTEMS is a French company founded 37 years ago, specialized in the sector Fabrication de structures métalliques et de parties de structures. Based in COULONGES-SUR-SARTHE (61170), this company of category PME shows in 2024 a revenue of 2.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ROYER SYSTEMS (SIREN 349201269)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 2 884 754 € 3 603 631 € 3 673 437 € 4 731 395 € 4 731 395 € 2 888 264 € 2 891 423 € 2 987 344 € 4 215 642 € 2 621 788 €
Net income -177 733 € 98 267 € 17 771 € -11 296 € -11 296 € 66 234 € 169 211 € 91 483 € 40 857 € 22 192 €
EBITDA -136 624 € 211 333 € 245 491 € 39 082 € 39 082 € 139 345 € 255 635 € 150 105 € 115 593 € 72 713 €
Net margin -6.2% 2.7% 0.5% -0.2% -0.2% 2.3% 5.9% 3.1% 1.0% 0.8%

Revenue and income statement

In 2024, ROYER SYSTEMS achieves revenue of 2.9 M€. Revenue is growing positively over 10 years (CAGR: +1.1%). Significant drop of -20% vs 2023. After deducting consumption (337 k€), gross margin stands at 2.5 M€, i.e. a rate of 88%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -137 k€, representing -4.7% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -165%, reducing margin by 10.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -178 k€ (-6.2% of revenue), which will impact equity.

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

2 884 754 €

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

2 547 945 €

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

-136 624 €

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

-229 573 €

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

-177 733 €

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

-4.7%

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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 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 52%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

49.208%

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

52.031%

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

-2.941%

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

-7.277

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

31.5%

Solvency indicators evolution
ROYER SYSTEMS

Sector positioning

Debt ratio
49.21 2024
2022
2023
2024
Q1: 6.02
Med: 21.5
Q3: 63.73
Average -6 pts over 3 years

In 2024, the debt ratio of ROYER SYSTEMS (49.21) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
52.03% 2024
2022
2023
2024
Q1: 26.51%
Med: 45.66%
Q3: 61.64%
Good

In 2024, the financial autonomy of ROYER SYSTEMS (52.0%) 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
-7.28 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.73 years
Q3: 2.18 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of ROYER SYSTEMS (-7.28) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 301.07. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

301.068

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

-6.137

Liquidity indicators evolution
ROYER SYSTEMS

Sector positioning

Liquidity ratio
301.07 2024
2022
2023
2024
Q1: 167.49
Med: 241.01
Q3: 341.44
Good -10 pts over 3 years

In 2024, the liquidity ratio of ROYER SYSTEMS (301.07) 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
-6.14x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.53x
Q3: 6.1x
Watch -38 pts over 3 years

In 2024, the interest coverage of ROYER SYSTEMS (-6.1x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 69 days. Favorable situation: supplier credit is longer than customer credit by 10 days. Inventory turnover is 88 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 119 days of revenue, i.e. 955 k€ to permanently finance.

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

954 594 €

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

59 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

69 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

88 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

119 j

WCR and payment terms evolution
ROYER SYSTEMS

Positioning of ROYER SYSTEMS in its sector

Comparison with sector Fabrication de structures métalliques et de parties de structures

Valuation estimate

Based on 56 transactions of similar company sales (all years), the value of ROYER SYSTEMS is estimated at 371 350 € (range 195 909€ - 471 489€). The price/revenue ratio is 0.13x (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
56 tx
195k€ 371k€ 471k€
371 350 € Range: 195 909€ - 471 489€
NAF 5 all-time

Valuation method used

Revenue Multiple
2 884 754 € × 0.13x = 371 351 €
Range: 195 910€ - 471 490€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 56 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 structures métalliques et de parties de structures)

Compare ROYER SYSTEMS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de structures métalliques et de parties de structures

Frequently asked questions about ROYER SYSTEMS

What is the revenue of ROYER SYSTEMS ?

The revenue of ROYER SYSTEMS in 2024 is 2.9 M€.

Is ROYER SYSTEMS profitable?

ROYER SYSTEMS recorded a net loss in 2024.

Where is the headquarters of ROYER SYSTEMS ?

The headquarters of ROYER SYSTEMS is located in COULONGES-SUR-SARTHE (61170), in the department Orne.

Where to find the tax return of ROYER SYSTEMS ?

The tax return of ROYER SYSTEMS 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 ROYER SYSTEMS operate?

ROYER SYSTEMS operates in the sector Fabrication de structures métalliques et de parties de structures (NAF code 25.11Z). See the 'Sector positioning' section above to compare the company with its competitors.