SAS ABEL GARCIN TERRASSEMENT : revenue, balance sheet and financial ratios

SAS ABEL GARCIN TERRASSEMENT is a French company founded 25 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in PUGET-SUR-ARGENS (83480), this company of category PME shows in 2023 a revenue of 4.0 M€. 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

Financial history - SAS ABEL GARCIN TERRASSEMENT (SIREN 433332640)
Indicator 2023 2022 2021 2020 2019 2018 2016
Revenue 3 960 648 € 6 844 709 € 10 745 998 € 12 485 549 € 13 526 386 € 11 093 800 € 10 119 906 €
Net income -379 219 € 159 484 € -1 294 729 € 47 703 € -306 064 € 182 507 € 120 070 €
EBITDA -137 482 € -79 142 € -1 454 573 € -114 670 € -565 553 € 101 101 € 270 729 €
Net margin -9.6% 2.3% -12.0% 0.4% -2.3% 1.6% 1.2%

Revenue and income statement

In 2023, SAS ABEL GARCIN TERRASSEMENT achieves revenue of 4.0 M€. Revenue is declining over the period 2016-2023 (CAGR: -12.5%). Significant drop of -42% vs 2022. After deducting consumption (-156 k€), gross margin stands at 4.1 M€, i.e. a rate of 104%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -137 k€, representing -3.5% of revenue. Warning negative scissor effect: despite revenue change (-42%), EBITDA varies by -74%, reducing margin by 2.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -379 k€ (-9.6% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 960 648 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 116 541 €

EBITDA (2023) ?
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

-137 482 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-344 758 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-379 219 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.5%

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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 190%. 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 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

189.667%

Financial autonomy (2023) ?
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

15.348%

Cash flow / Revenue (2023) ?
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

-4.221%

Repayment capacity (2023) ?
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

-3.924

Asset age ratio (2023) ?
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

13.8%

Solvency indicators evolution
SAS ABEL GARCIN TERRASSEMENT

Sector positioning

Debt ratio
189.67 2023
2021
2022
2023
Q1: 7.85
Med: 36.04
Q3: 94.96
Average

In 2023, the debt ratio of SAS ABEL GARCIN TERRASSEMENT (189.67) 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
15.35% 2023
2021
2022
2023
Q1: 19.61%
Med: 37.69%
Q3: 54.73%
Average

In 2023, the financial autonomy of SAS ABEL GARCIN TERRASSEMENT (15.3%) 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
-3.92 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.7 years
Q3: 2.3 years
Excellent

In 2023, the repayment capacity of SAS ABEL GARCIN TERRASSEMENT (-3.92) 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 154.12. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

154.117

Interest coverage (2023) ?
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

-5.842

Liquidity indicators evolution
SAS ABEL GARCIN TERRASSEMENT

Sector positioning

Liquidity ratio
154.12 2023
2021
2022
2023
Q1: 140.24
Med: 196.81
Q3: 296.35
Average +6 pts over 3 years

In 2023, the liquidity ratio of SAS ABEL GARCIN TERRASSEMENT (154.12) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-5.84x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.82x
Q3: 3.7x
Average

In 2023, the interest coverage of SAS ABEL GARCIN TERRASSEMENT (-5.8x) 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: 100 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 79 days. The company must finance 21 days of gap between collections and payments. Inventory turnover is 59 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 135 days of revenue, i.e. 1.5 M€ to permanently finance. Notable WCR improvement over the period (-35%), freeing up cash.

Operating WCR (2023) ?
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

1 490 154 €

Customer credit (2023) ?
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

100 j

Supplier credit (2023) ?
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

79 j

Inventory turnover (2023) ?
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

59 j

WCR in days of revenue (2023) ?
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

135 j

WCR and payment terms evolution
SAS ABEL GARCIN TERRASSEMENT

Positioning of SAS ABEL GARCIN TERRASSEMENT in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Based on 120 transactions of similar company sales (all years), the value of SAS ABEL GARCIN TERRASSEMENT is estimated at 889 369 € (range 478 377€ - 1 925 911€). The price/revenue ratio is 0.22x (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 2023
120 transactions
478k€ 889k€ 1925k€
889 369 € Range: 478 377€ - 1 925 911€
NAF 5 all-time

Valuation method used

Revenue Multiple
3 960 648 € × 0.22x = 889 369 €
Range: 478 377€ - 1 925 912€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 120 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 (Travaux de terrassement courants et travaux préparatoires)

Compare SAS ABEL GARCIN TERRASSEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about SAS ABEL GARCIN TERRASSEMENT

What is the revenue of SAS ABEL GARCIN TERRASSEMENT ?

The revenue of SAS ABEL GARCIN TERRASSEMENT in 2023 is 4.0 M€.

Is SAS ABEL GARCIN TERRASSEMENT profitable?

SAS ABEL GARCIN TERRASSEMENT recorded a net loss in 2023.

Where is the headquarters of SAS ABEL GARCIN TERRASSEMENT ?

The headquarters of SAS ABEL GARCIN TERRASSEMENT is located in PUGET-SUR-ARGENS (83480), in the department Var.

Where to find the tax return of SAS ABEL GARCIN TERRASSEMENT ?

The tax return of SAS ABEL GARCIN TERRASSEMENT 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 SAS ABEL GARCIN TERRASSEMENT operate?

SAS ABEL GARCIN TERRASSEMENT operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.