SALTEL INDUSTRIES : revenue, balance sheet and financial ratios

SALTEL INDUSTRIES is a French company founded 22 years ago, specialized in the sector Activités spécialisées, scientifiques et techniques diverses. Based in BRUZ (35170), this company of category ETI shows in 2024 a revenue of 10.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - SALTEL INDUSTRIES (SIREN 453019978)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 10 688 240 € 11 405 750 € 12 456 416 € 11 217 016 € 8 361 622 € 9 968 423 € 6 898 828 € 6 968 015 € 5 021 848 € 5 578 918 €
Net income 5 217 114 € -56 099 € 3 075 163 € 1 853 588 € -175 631 € 1 721 070 € -1 418 088 € -5 501 754 € -3 458 630 € -4 676 911 €
EBITDA -4 940 537 € 2 524 498 € 3 646 265 € 2 801 199 € 683 829 € 2 039 783 € -228 871 € -2 005 840 € -2 475 420 € -1 198 537 €
Net margin 48.8% -0.5% 24.7% 16.5% -2.1% 17.3% -20.6% -79.0% -68.9% -83.8%

Revenue and income statement

In 2024, SALTEL INDUSTRIES achieves revenue of 10.7 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.5%. Slight decline of -6% vs 2023. After deducting consumption (4.3 M€), gross margin stands at 6.4 M€, i.e. a rate of 60%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -4.9 M€, representing -46.2% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -296%, reducing margin by 68.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.2 M€, i.e. 48.8% 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

10 688 240 €

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

6 428 048 €

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

-4 940 537 €

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

-4 672 903 €

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

5 217 114 €

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

-46.2%

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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 24%. 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 56%. 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

24.395%

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

55.988%

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

-37.558%

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

-1.037

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

31.1%

Solvency indicators evolution
SALTEL INDUSTRIES

Sector positioning

Debt ratio
24.39 2024
2022
2023
2024
Q1: 0.0
Med: 4.67
Q3: 40.89
Average -8 pts over 3 years

In 2024, the debt ratio of SALTEL INDUSTRIES (24.39) 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
55.99% 2024
2022
2023
2024
Q1: 4.58%
Med: 32.74%
Q3: 63.16%
Good

In 2024, the financial autonomy of SALTEL INDUSTRIES (56.0%) 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
-1.04 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.43 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of SALTEL INDUSTRIES (-1.04) 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 307.78. 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

307.777

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

-22.492

Liquidity indicators evolution
SALTEL INDUSTRIES

Sector positioning

Liquidity ratio
307.78 2024
2022
2023
2024
Q1: 144.63
Med: 259.05
Q3: 521.3
Good -20 pts over 3 years

In 2024, the liquidity ratio of SALTEL INDUSTRIES (307.78) 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
-22.49x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.45x
Average

In 2024, the interest coverage of SALTEL INDUSTRIES (-22.5x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 15 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 124 days. Excellent situation: suppliers finance 109 days of the operating cycle (retail model). Inventory turnover is 272 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 745 days of revenue, i.e. 22.1 M€ to permanently finance. Over 2015-2024, WCR increased by +117%, 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

22 106 594 €

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

15 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

124 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

272 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

745 j

WCR and payment terms evolution
SALTEL INDUSTRIES

Positioning of SALTEL INDUSTRIES in its sector

Comparison with sector Activités spécialisées, scientifiques et techniques diverses

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of SALTEL INDUSTRIES is estimated at 12 459 611 € (range 2 804 748€ - 20 981 915€). The price/revenue ratio is 0.36x (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
98 tx
2804k€ 12459k€ 20981k€
12 459 611 € Range: 2 804 748€ - 20 981 915€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
10 688 240 € × 0.36x
Estimation 3 885 003 €
1 275 712€ - 6 573 644€
Net Income Multiple 20%
5 217 114 € × 4.9x
Estimation 25 321 525 €
5 098 303€ - 42 594 322€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 spécialisées, scientifiques et techniques diverses)

Compare SALTEL INDUSTRIES with other companies in the same sector:

Voir toutes les statistiques du secteur Activités spécialisées, scientifiques et techniques diverses

Frequently asked questions about SALTEL INDUSTRIES

What is the revenue of SALTEL INDUSTRIES ?

The revenue of SALTEL INDUSTRIES in 2024 is 10.7 M€.

Is SALTEL INDUSTRIES profitable?

Yes, SALTEL INDUSTRIES generated a net profit of 5.2 M€ in 2024.

Where is the headquarters of SALTEL INDUSTRIES ?

The headquarters of SALTEL INDUSTRIES is located in BRUZ (35170), in the department Ille-et-Vilaine.

Where to find the tax return of SALTEL INDUSTRIES ?

The tax return of SALTEL INDUSTRIES 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 SALTEL INDUSTRIES operate?

SALTEL INDUSTRIES operates in the sector Activités spécialisées, scientifiques et techniques diverses (NAF code 74.90B). See the 'Sector positioning' section above to compare the company with its competitors.