SARTHE OBJECTIF 24 : revenue, balance sheet and financial ratios

SARTHE OBJECTIF 24 is a French company founded 14 years ago, specialized in the sector Organisation de foires, salons professionnels et congrès. Based in LE MANS (72000), this company of category PME shows in 2024 a revenue of 573 k€. 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 - SARTHE OBJECTIF 24 (SIREN 539831628)
Indicator 2024 2021 2020 2019 2018 2017 2016
Revenue 573 123 € 241 283 € 205 859 € 790 838 € 795 406 € 668 039 € 982 794 €
Net income 2 046 € 0 € 0 € 0 € 0 € 26 € 113 €
EBITDA 12 972 € 2 229 € 26 264 € 6 725 € 26 337 € 2 712 € -299 409 €
Net margin 0.4% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Revenue and income statement

In 2024, SARTHE OBJECTIF 24 achieves revenue of 573 k€. Revenue is declining over the period 2016-2024 (CAGR: -6.5%). Vs 2021, growth of +138% (241 k€ -> 573 k€). After deducting consumption (8 k€), gross margin stands at 565 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 13 k€, representing 2.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2 k€, i.e. 0.4% 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

573 123 €

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

565 146 €

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

12 972 €

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

2 920 €

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

2 046 €

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

2.3%

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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 577%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.2% 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

576.773%

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

8.971%

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

2.167%

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

11.631

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

75.0%

Solvency indicators evolution
SARTHE OBJECTIF 24

Sector positioning

Debt ratio
576.77 2024
2020
2021
2024
Q1: 0.0
Med: 6.15
Q3: 41.32
Watch

In 2024, the debt ratio of SARTHE OBJECTIF 24 (576.77) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
8.97% 2024
2020
2021
2024
Q1: 3.99%
Med: 27.87%
Q3: 55.09%
Average

In 2024, the financial autonomy of SARTHE OBJECTIF 24 (9.0%) 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
11.63 years 2024
2020
2021
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.67 years
Watch +51 pts over 3 years

In 2024, the repayment capacity of SARTHE OBJECTIF 24 (11.63) 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 108.06. 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 11.2x. 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

108.063

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

11.155

Liquidity indicators evolution
SARTHE OBJECTIF 24

Sector positioning

Liquidity ratio
108.06 2024
2020
2021
2024
Q1: 121.4
Med: 202.74
Q3: 381.14
Watch -19 pts over 3 years

In 2024, the liquidity ratio of SARTHE OBJECTIF 24 (108.06) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
11.15x 2024
2020
2021
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.69x
Excellent

In 2024, the interest coverage of SARTHE OBJECTIF 24 (11.2x) 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. Average customer payment term: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. Excellent situation: suppliers finance 38 days of the operating cycle (retail model). Overall, WCR represents 94 days of revenue, i.e. 149 k€ to permanently finance. Over 2016-2024, WCR increased by +148%, 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

149 230 €

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

16 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

54 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

94 j

WCR and payment terms evolution
SARTHE OBJECTIF 24

Positioning of SARTHE OBJECTIF 24 in its sector

Comparison with sector Organisation de foires, salons professionnels et congrès

Valuation estimate

Based on 63 transactions of similar company sales (all years), the value of SARTHE OBJECTIF 24 is estimated at 127 841 € (range 49 859€ - 260 080€). With an EBITDA of 12 972€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.68x (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.

Estimated enterprise value 2024
63 tx
49k€ 127k€ 260k€
127 841 € Range: 49 859€ - 260 080€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
12 972 € × 1.6x
Estimation 20 263 €
9 614€ - 80 202€
Revenue Multiple 30%
573 123 € × 0.68x
Estimation 389 950 €
148 642€ - 724 961€
Net Income Multiple 20%
2 046 € × 1.8x
Estimation 3 623 €
2 301€ - 12 457€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Organisation de foires, salons professionnels et congrès)

Compare SARTHE OBJECTIF 24 with other companies in the same sector:

Voir toutes les statistiques du secteur Organisation de foires, salons professionnels et congrès

Frequently asked questions about SARTHE OBJECTIF 24

What is the revenue of SARTHE OBJECTIF 24 ?

The revenue of SARTHE OBJECTIF 24 in 2024 is 573 k€.

Is SARTHE OBJECTIF 24 profitable?

Yes, SARTHE OBJECTIF 24 generated a net profit of 2 k€ in 2024.

Where is the headquarters of SARTHE OBJECTIF 24 ?

The headquarters of SARTHE OBJECTIF 24 is located in LE MANS (72000), in the department Sarthe.

Where to find the tax return of SARTHE OBJECTIF 24 ?

The tax return of SARTHE OBJECTIF 24 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 SARTHE OBJECTIF 24 operate?

SARTHE OBJECTIF 24 operates in the sector Organisation de foires, salons professionnels et congrès (NAF code 82.30Z). See the 'Sector positioning' section above to compare the company with its competitors.