SAS BLONDEL : revenue, balance sheet and financial ratios

SAS BLONDEL is a French company founded 23 years ago, specialized in the sector Traitement et élimination des déchets non dangereux. Based in BRETTEVILLE-DU-GRAND-CAUX (76110), this company of category PME shows in 2025 a revenue of 488 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 - SAS BLONDEL (SIREN 449319490)
Indicator 2025 2024 2023 2022 2021 2020 2018
Revenue 488 279 € 495 007 € 391 044 € 363 548 € 288 284 € 323 646 € 277 088 €
Net income 103 396 € 137 847 € 109 687 € 159 211 € 76 256 € 73 985 € 47 353 €
EBITDA 269 087 € 289 112 € 219 469 € 191 561 € 143 876 € 146 071 € 76 137 €
Net margin 21.2% 27.8% 28.0% 43.8% 26.5% 22.9% 17.1%

Revenue and income statement

In 2025, SAS BLONDEL achieves revenue of 488 k€. Over the period 2018-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +8.4%. Slight decline of -1% vs 2024. After deducting consumption (41 k€), gross margin stands at 448 k€, i.e. a rate of 92%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 269 k€, representing 55.1% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -7%, reducing margin by 3.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 103 k€, i.e. 21.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

488 279 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

447 732 €

EBITDA (2025) ?
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

269 087 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

147 203 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

103 396 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

55.1%

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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 82%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 53%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 48.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

81.527%

Financial autonomy (2025) ?
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

53.086%

Cash flow / Revenue (2025) ?
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

48.604%

Repayment capacity (2025) ?
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

1.808

Asset age ratio (2025) ?
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

51.0%

Solvency indicators evolution
SAS BLONDEL

Sector positioning

Debt ratio
81.53 2025
2023
2024
2025
Q1: 13.82
Med: 85.11
Q3: 367.9
Good -6 pts over 3 years

In 2025, the debt ratio of SAS BLONDEL (81.53) 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
53.09% 2025
2023
2024
2025
Q1: 15.61%
Med: 31.11%
Q3: 52.84%
Excellent

In 2025, the financial autonomy of SAS BLONDEL (53.1%) 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
1.81 years 2025
2023
2024
2025
Q1: 0.21 years
Med: 1.25 years
Q3: 4.13 years
Average -13 pts over 3 years

In 2025, the repayment capacity of SAS BLONDEL (1.81) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 591.24. 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 1.1x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2025) ?
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

591.24

Interest coverage (2025) ?
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

1.101

Liquidity indicators evolution
SAS BLONDEL

Sector positioning

Liquidity ratio
591.24 2025
2023
2024
2025
Q1: 107.47
Med: 220.58
Q3: 396.73
Excellent

In 2025, the liquidity ratio of SAS BLONDEL (591.24) 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
1.1x 2025
2023
2024
2025
Q1: 0.85x
Med: 2.94x
Q3: 10.19x
Average -26 pts over 3 years

In 2025, the interest coverage of SAS BLONDEL (1.1x) 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: 40 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. The company must finance 9 days of gap between collections and payments. Overall, WCR represents 68 days of revenue, i.e. 92 k€ to permanently finance. Over 2018-2025, WCR increased by +88%, requiring additional financing.

Operating WCR (2025) ?
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

91 611 €

Customer credit (2025) ?
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

40 j

Supplier credit (2025) ?
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

31 j

Inventory turnover (2025) ?
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 (2025) ?
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

68 j

WCR and payment terms evolution
SAS BLONDEL

Positioning of SAS BLONDEL in its sector

Comparison with sector Traitement et élimination des déchets non dangereux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (44 transactions). This range of 67 420€ to 606 646€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
67k€ 105k€ 606k€
105 763 € Range: 67 420€ - 606 646€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 44 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 (Traitement et élimination des déchets non dangereux)

Compare SAS BLONDEL with other companies in the same sector:

Voir toutes les statistiques du secteur Traitement et élimination des déchets non dangereux

Frequently asked questions about SAS BLONDEL

What is the revenue of SAS BLONDEL ?

The revenue of SAS BLONDEL in 2025 is 488 k€.

Is SAS BLONDEL profitable?

Yes, SAS BLONDEL generated a net profit of 103 k€ in 2025.

Where is the headquarters of SAS BLONDEL ?

The headquarters of SAS BLONDEL is located in BRETTEVILLE-DU-GRAND-CAUX (76110), in the department Seine-Maritime.

Where to find the tax return of SAS BLONDEL ?

The tax return of SAS BLONDEL 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 BLONDEL operate?

SAS BLONDEL operates in the sector Traitement et élimination des déchets non dangereux (NAF code 38.21Z). See the 'Sector positioning' section above to compare the company with its competitors.