SCHOOL RAG : revenue, balance sheet and financial ratios

SCHOOL RAG is a French company founded 28 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures. Based in ALBI (81000), this company of category ETI shows in 2025 a revenue of 2.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-07-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Synthèse

Santé financière : Fragile

Signal structurel : capitaux propres négatifs ; exploitation déficitaire (EBE négatif).

In summary, SCHOOL RAG is currently loss-making, which weighs on its accounts. Its financial structure is severely weakened: equity is negative.

Financial history - SCHOOL RAG (SIREN 417517380)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 2 577 663 € N/C 4 230 480 € 4 932 490 € 4 069 991 € 3 748 025 € 4 111 861 € 4 964 944 € 5 170 889 €
Net income -4 843 800 € -668 811 € -1 117 670 € -374 239 € -152 545 € -384 250 € -111 012 € -15 360 € 219 267 €
EBITDA -835 938 € N/C -860 267 € -356 547 € -486 017 € -503 832 € -59 647 € -169 701 € 322 435 €
Net margin -187.9% N/C -26.4% -7.6% -3.7% -10.3% -2.7% -0.3% 4.2%

Revenue and income statement

In 2025, SCHOOL RAG achieves revenue of 2.6 M€. Revenue is declining over the period 2020-2025 (CAGR: -7.2%). After deducting consumption (1.9 M€), gross margin stands at 641 k€, i.e. a rate of 25%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -836 k€, representing -32.4% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -4.8 M€ (-187.9% of revenue), which will impact equity.

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

2 577 663 €

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

640 820 €

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

-835 938 €

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

-2 243 245 €

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

-4 843 800 €

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

-32.4%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

Warning: the company shows negative equity (accumulated losses exceed its capital). This is a major financial weakness which makes debt and autonomy ratios non-meaningful.

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

Non significatif

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

Non significatif

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

-24.02%

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

-9.83

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

47.0%

Solvency indicators evolution
SCHOOL RAG

Sector positioning

Debt ratio
294.58% 2024
Q1: 0.0%
Med: 10.79%
Q3: 55.4%
Watch +51 pts over 2 years

In 2024, the debt ratio of SCHOOL RAG (294.6%) 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
20.23% 2024
Q1: 5.11%
Med: 29.34%
Q3: 56.94%
Average -31 pts over 2 years

In 2024, the financial autonomy of SCHOOL RAG (20.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 3.45. This ratio is more favorable than the sector median (2.0).

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

3.45

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

-346.61

Liquidity indicators evolution
SCHOOL RAG

Sector positioning

Liquidity ratio
3.45 2025
Q1: 1.29
Med: 2.05
Q3: 3.54
Good +39 pts over 3 years

In 2025, the liquidity ratio of SCHOOL RAG (3.45) 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.

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: 260 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. The gap of 187 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 76 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 301 days of revenue, i.e. 2.2 M€ to permanently finance. Between 2021 and 2025, WCR improved by 46 days of revenue, freeing up cash.

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

2 156 524 €

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

260 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

73 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

76 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

301 j

WCR and payment terms evolution
SCHOOL RAG

Positioning of SCHOOL RAG in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Valuation estimate

Based on 124 transactions of similar company sales (all years), the value of SCHOOL RAG is estimated at 448 624 € (range 230 806€ - 1 291 879€). The price/revenue ratio is 0.17x (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 2025
124 transactions
230k€ 448k€ 1291k€
448 624 € Range: 230 806€ - 1 291 879€
NAF 5 all-time

Valuation method used

Revenue Multiple
2 577 663 € × 0.17x = 448 624 €
Range: 230 806€ - 1 291 879€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 124 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 (Commerce de gros (commerce interentreprises) d'habillement et de chaussures)

Compare SCHOOL RAG with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Top companies in Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures:

Top companies in Tarn

Largest companies by revenue in the department Tarn:

Voir le classement complet du département Tarn

Frequently asked questions about SCHOOL RAG

What is the revenue of SCHOOL RAG ?

The revenue of SCHOOL RAG in 2025 is 2.6 M€.

Is SCHOOL RAG profitable?

SCHOOL RAG recorded a net loss in 2025.

Where is the headquarters of SCHOOL RAG ?

The headquarters of SCHOOL RAG is located in ALBI (81000), in the department Tarn.

Where to find the tax return of SCHOOL RAG ?

The tax return of SCHOOL RAG 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 SCHOOL RAG operate?

SCHOOL RAG operates in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures (NAF code 46.42Z). See the 'Sector positioning' section above to compare the company with its competitors.