SIREN : 479582413
SERHAT is a French company founded 21 years ago, specialized in the sector Travaux de peinture et vitrerie. Based in SASSENAGE (38360), this company of category PME shows in 2024 a revenue of 2.3 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 334 441 € | 3 122 502 € | 3 129 900 € | N/C | N/C | N/C | N/C | N/C | 1 923 625 € |
| Net income | 253 237 € | 204 494 € | 253 292 € | 144 577 € | 136 431 € | 223 113 € | 107 586 € | 133 991 € | 184 445 € |
| EBITDA | 54 893 € | 568 373 € | 340 008 € | N/C | N/C | N/C | N/C | N/C | 247 683 € |
| Net margin | 10.8% | 6.5% | 8.1% | N/C | N/C | N/C | N/C | N/C | 9.6% |
In 2024, SERHAT achieves revenue of 2.3 M€. Revenue is growing positively over 9 years (CAGR: +2.4%). Significant drop of -25% vs 2023. After deducting consumption (342 k€), gross margin stands at 2.0 M€, i.e. a rate of 85%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 55 k€, representing 2.4% of revenue. Warning negative scissor effect: despite revenue change (-25%), EBITDA varies by -90%, reducing margin by 15.9 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 253 k€, i.e. 10.8% of revenue. This profit can be retained or distributed to shareholders.
2 334 441 €
1 992 637 €
54 893 €
338 136 €
253 237 €
2.3%
The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
15.29%
61.596%
-1.252%
-4.33
31.7%
In 2024, the debt ratio of SERHAT (15.29) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of SERHAT (61.6%) 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.
In 2024, the repayment capacity of SERHAT (-4.33) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 335.40. 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 1.4x. Coverage is limited: any activity downturn would jeopardize interest payments.
335.405
1.428
In 2024, the liquidity ratio of SERHAT (335.40) 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.
In 2024, the interest coverage of SERHAT (1.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 86 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The gap of 51 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 85 days of revenue, i.e. 550 k€ to permanently finance. Over 2016-2024, WCR increased by +143%, requiring additional financing.
550 134 €
86 j
35 j
0 j
85 j
Based on 88 transactions of similar company sales
(all years),
the value of SERHAT is estimated at
352 339 €
(range 133 838€ - 640 557€).
With an EBITDA of 54 893€, the sector multiple of 2.7x is applied.
The price/revenue ratio is 0.18x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 88 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare SERHAT with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de peinture et vitrerie
The revenue of SERHAT in 2024 is 2.3 M€.
Yes, SERHAT generated a net profit of 253 k€ in 2024.
The headquarters of SERHAT is located in SASSENAGE (38360), in the department Isere.
The tax return of SERHAT 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).
SERHAT operates in the sector Travaux de peinture et vitrerie (NAF code 43.34Z). See the 'Sector positioning' section above to compare the company with its competitors.