SIREN : 353729247
SAPAIN is a French company founded 36 years ago, specialized in the sector Gestion de fonds. Based in LES AVANCHERS-VALMOREL (73260), this company of category PME shows in 2018 a revenue of 216 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-18
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2018 | 2017 | 2016 |
|---|---|---|---|
| Revenue | 216 193 € | 183 756 € | 210 034 € |
| Net income | 5 277 € | -12 114 € | 24 259 € |
| EBITDA | 24 068 € | 4 915 € | 42 859 € |
| Net margin | 2.4% | -6.6% | 11.6% |
In 2018, SAPAIN achieves revenue of 216 k€. Revenue is growing positively over 3 years (CAGR: +1.5%). Vs 2017, growth of +18% (184 k€ -> 216 k€). After deducting consumption (43 k€), gross margin stands at 173 k€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 11.1% of revenue. Positive scissor effect: EBITDA margin improves by +8.5 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 5 k€, i.e. 2.4% of revenue. This profit can be retained or distributed to shareholders.
216 193 €
173 459 €
24 068 €
1 553 €
5 277 €
11.1%
The debt ratio (= Financial debt / Equity x 100) stands at 166%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 11.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
166.314%
33.719%
11.137%
6.233
8.0%
In 2018, the debt ratio of SAPAIN (166.31) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2018, the financial autonomy of SAPAIN (33.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2018, the repayment capacity of SAPAIN (6.23) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 411.69. 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 1.0x. Coverage is limited: any activity downturn would jeopardize interest payments.
411.687
1.018
In 2018, the liquidity ratio of SAPAIN (411.69) 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.
In 2018, the interest coverage of SAPAIN (1.0x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 46 days. Excellent situation: suppliers finance 46 days of the operating cycle (retail model). Inventory turnover is 29 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 48 days of revenue, i.e. 29 k€ to permanently finance.
28 587 €
0 j
46 j
29 j
48 j
Based on 70 transactions of similar company sales
in 2018,
the value of SAPAIN is estimated at
121 839 €
(range 65 435€ - 202 020€).
With an EBITDA of 24 068€, the sector multiple of 5.9x is applied.
The price/revenue ratio is 0.66x
(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.
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This estimate is based on the analysis of 70 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare SAPAIN with other companies in the same sector:
The revenue of SAPAIN in 2018 is 216 k€.
Yes, SAPAIN generated a net profit of 5 k€ in 2018.
The headquarters of SAPAIN is located in LES AVANCHERS-VALMOREL (73260), in the department Savoie.
The tax return of SAPAIN 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).
SAPAIN operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.