S.A.P.I.C : revenue, balance sheet and financial ratios

S.A.P.I.C is a French company founded 43 years ago, specialized in the sector Intermédiaires du commerce en machines, équipements industriels, navires et avions. Based in VINCENNES (94300), this company of category PME shows in 2024 a revenue of 6.2 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 - S.A.P.I.C (SIREN 582100327)
Indicator 2024 2023 2022 2021 2019 2018 2017 2016 2015 2014 2013
Revenue 6 244 961 € 5 964 195 € N/C N/C 9 956 882 € 18 167 125 € 14 737 299 € 14 737 299 € 6 401 345 € 6 858 222 € 5 449 918 €
Net income 217 170 € 613 781 € 618 219 € 675 224 € 498 376 € 527 931 € 334 643 € 334 643 € 137 386 € 272 599 € 109 840 €
EBITDA 222 856 € 877 374 € N/C N/C 663 645 € 763 579 € 511 762 € 511 762 € 218 790 € 413 916 € 179 502 €
Net margin 3.5% 10.3% N/C N/C 5.0% 2.9% 2.3% 2.3% 2.1% 4.0% 2.0%

Revenue and income statement

In 2024, S.A.P.I.C achieves revenue of 6.2 M€. Revenue is growing positively over 11 years (CAGR: +1.2%). Vs 2023: +5%. After deducting consumption (5.2 M€), gross margin stands at 1.1 M€, i.e. a rate of 17%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 223 k€, representing 3.6% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -75%, reducing margin by 11.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 217 k€, i.e. 3.5% 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

6 244 961 €

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

1 054 039 €

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

222 856 €

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

199 885 €

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

217 170 €

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

3.6%

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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 0%. 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 94%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 4.0% 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

0.0%

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

93.967%

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

3.986%

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

0.0

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

7.2%

Solvency indicators evolution
S.A.P.I.C

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: -592.0
Med: 0.0
Q3: 16.43
Good +25 pts over 3 years

In 2024, the debt ratio of S.A.P.I.C (0.00) 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
93.97% 2024
2022
2023
2024
Q1: 18.26%
Med: 58.72%
Q3: 68.35%
Excellent +19 pts over 3 years

In 2024, the financial autonomy of S.A.P.I.C (94.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2024
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 3.75 years
Excellent -25 pts over 2 years

In 2024, the repayment capacity of S.A.P.I.C (0.00) 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 2124.44. 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

2124.438

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

0.0

Liquidity indicators evolution
S.A.P.I.C

Sector positioning

Liquidity ratio
2124.44 2024
2022
2023
2024
Q1: 31.66
Med: 183.31
Q3: 376.64
Excellent +25 pts over 3 years

In 2024, the liquidity ratio of S.A.P.I.C (2124.44) 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
0.0x 2024
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 5.49x
Average -25 pts over 2 years

In 2024, the interest coverage of S.A.P.I.C (0.0x) 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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 13 days. The company must finance 14 days of gap between collections and payments. Overall, WCR represents 44 days of revenue, i.e. 762 k€ to permanently finance. Over 2013-2024, WCR increased by +387%, 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

761 573 €

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

27 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

13 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

44 j

WCR and payment terms evolution
S.A.P.I.C

Positioning of S.A.P.I.C in its sector

Comparison with sector Intermédiaires du commerce en machines, équipements industriels, navires et avions

Valuation estimate

Based on 229 transactions of similar company sales (all years), the value of S.A.P.I.C is estimated at 861 872 € (range 374 316€ - 2 384 947€). With an EBITDA of 222 856€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.32x (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
229 transactions
374k€ 861k€ 2384k€
861 872 € Range: 374 316€ - 2 384 947€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
222 856 € × 1.6x
Estimation 362 022 €
118 148€ - 1 201 871€
Revenue Multiple 30%
6 244 961 € × 0.32x
Estimation 2 025 157 €
949 574€ - 4 954 720€
Net Income Multiple 20%
217 170 € × 1.7x
Estimation 366 571 €
151 849€ - 1 487 979€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 229 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 (Intermédiaires du commerce en machines, équipements industriels, navires et avions)

Compare S.A.P.I.C with other companies in the same sector:

Voir toutes les statistiques du secteur Intermédiaires du commerce en machines, équipements industriels, navires et avions

Frequently asked questions about S.A.P.I.C

What is the revenue of S.A.P.I.C ?

The revenue of S.A.P.I.C in 2024 is 6.2 M€.

Is S.A.P.I.C profitable?

Yes, S.A.P.I.C generated a net profit of 217 k€ in 2024.

Where is the headquarters of S.A.P.I.C ?

The headquarters of S.A.P.I.C is located in VINCENNES (94300), in the department Val-de-Marne.

Where to find the tax return of S.A.P.I.C ?

The tax return of S.A.P.I.C 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 S.A.P.I.C operate?

S.A.P.I.C operates in the sector Intermédiaires du commerce en machines, équipements industriels, navires et avions (NAF code 46.14Z). See the 'Sector positioning' section above to compare the company with its competitors.