SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 : revenue, balance sheet and financial ratios

SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 is a French company founded 17 years ago, specialized in the sector Crédit-bail . Based in LYON (69003), this company of category GE shows in 2024 a revenue of 3.0 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 - SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 (SIREN 509356689)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 3 034 376 € 2 744 144 € 892 230 € 529 558 € 558 021 € 492 770 € 401 998 € 368 661 €
Net income -402 754 € -177 301 € -731 169 € -1 069 040 € -1 449 616 € -1 830 638 € -2 293 518 € -2 769 064 €
EBITDA 3 029 737 € 2 741 503 € 890 615 € 528 551 € 555 017 € 491 594 € 400 784 € 367 516 €
Net margin -13.3% -6.5% -81.9% -201.9% -259.8% -371.5% -570.5% -751.1%

Revenue and income statement

In 2024, SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 achieves revenue of 3.0 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +35.1%. Vs 2023, growth of +11% (2.7 M€ -> 3.0 M€). After deducting consumption (0 €), gross margin stands at 3.0 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 3.0 M€, representing 99.8% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -403 k€ (-13.3% 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

3 034 376 €

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

3 034 376 €

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

3 029 737 €

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

1 213 275 €

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

-402 754 €

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

99.8%

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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 -259%. 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 -63%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 59.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 30.7% 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

-258.965%

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

-62.907%

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

30.673%

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

59.107

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

55.9%

Solvency indicators evolution
SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2

Sector positioning

Debt ratio
-258.96 2024
2022
2023
2024
Q1: -621.2
Med: -100.65
Q3: 0.0
Good

In 2024, the debt ratio of SALF 2 SOCIETE ALSACIENNE... (-258.96) 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
-62.91% 2024
2022
2023
2024
Q1: -81.17%
Med: -5.4%
Q3: 27.03%
Average

In 2024, the financial autonomy of SALF 2 SOCIETE ALSACIENNE... (-62.9%) 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
59.11 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 2.55 years
Q3: 17.64 years
Watch

In 2024, the repayment capacity of SALF 2 SOCIETE ALSACIENNE... (59.11) 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 372781.54. 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 69.3x. 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

372781.538

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

69.28

Liquidity indicators evolution
SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2

Sector positioning

Liquidity ratio
372781.54 2024
2022
2023
2024
Q1: 140.6
Med: 1060.51
Q3: 5232.78
Excellent +37 pts over 3 years

In 2024, the liquidity ratio of SALF 2 SOCIETE ALSACIENNE... (372781.54) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
69.28x 2024
2022
2023
2024
Q1: 0.0x
Med: 7.57x
Q3: 56.11x
Excellent +20 pts over 3 years

In 2024, the interest coverage of SALF 2 SOCIETE ALSACIENNE... (69.3x) 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. WCR is negative (-3186 days): operations structurally generate cash.

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

-26 854 470 €

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

0 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

0 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

-3186 j

WCR and payment terms evolution
SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2

Positioning of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 in its sector

Comparison with sector Crédit-bail

Valuation estimate

Based on 142 transactions of similar company sales (all years), the value of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 is estimated at 5 468 956 € (range 634 041€ - 9 725 301€). With an EBITDA of 3 029 737€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.40x (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 2024
142 transactions
634k€ 5468k€ 9725k€
5 468 956 € Range: 634 041€ - 9 725 301€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
3 029 737 € × 2.6x
Estimation 8 013 559 €
814 102€ - 14 045 287€
Revenue Multiple 30%
3 034 376 € × 0.40x
Estimation 1 227 953 €
333 941€ - 2 525 327€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 142 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 (Crédit-bail )

Compare SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 with other companies in the same sector:

Voir toutes les statistiques du secteur Crédit-bail

Frequently asked questions about SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2

What is the revenue of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 ?

The revenue of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 in 2024 is 3.0 M€.

Is SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 profitable?

SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 recorded a net loss in 2024.

Where is the headquarters of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 ?

The headquarters of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 is located in LYON (69003), in the department Rhone.

Where to find the tax return of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 ?

The tax return of SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 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 SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 operate?

SALF 2 SOCIETE ALSACIENNE DE LOCATIONS FERROVIAIRES 2 operates in the sector Crédit-bail (NAF code 64.91Z). See the 'Sector positioning' section above to compare the company with its competitors.