SIREN : 452013667
SIPAN is a French company founded 22 years ago, specialized in the sector Hypermarchés. Based in SAINT-PARRES-AUX-TERTRES (10410), this company of category ETI shows in 2024 a revenue of 169.1 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169 137 757 € | 154 457 487 € | 150 144 241 € | 148 855 919 € | 135 213 107 € | 133 172 218 € | 131 520 749 € | 130 426 691 € |
| Net income | 3 730 116 € | 3 645 024 € | 4 163 476 € | 3 513 387 € | 2 092 887 € | 1 402 268 € | 2 243 390 € | 3 112 340 € |
| EBITDA | 5 859 896 € | 5 322 610 € | 5 362 026 € | 5 706 159 € | 3 618 128 € | 1 364 213 € | 1 858 346 € | 1 971 342 € |
| Net margin | 2.2% | 2.4% | 2.8% | 2.4% | 1.5% | 1.1% | 1.7% | 2.4% |
In 2024, SIPAN achieves revenue of 169.1 M€. Revenue is growing positively over 8 years (CAGR: +3.8%). Vs 2023: +10%. After deducting consumption (123.9 M€), gross margin stands at 45.3 M€, i.e. a rate of 27%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.9 M€, representing 3.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.7 M€, i.e. 2.2% of revenue. This profit can be retained or distributed to shareholders.
169 137 757 €
45 275 263 €
5 859 896 €
5 336 320 €
3 730 116 €
3.5%
The debt ratio (= Financial debt / Equity x 100) stands at 24%. 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 60%. 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 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
23.708%
59.649%
2.92%
1.972
17.3%
In 2024, the debt ratio of SIPAN (23.71) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of SIPAN (59.6%) 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 SIPAN (1.97) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 168.67. 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 56.7x. Operating income very largely covers interest expenses: high safety margin.
168.67
56.742
In 2024, the liquidity ratio of SIPAN (168.67) 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.
In 2024, the interest coverage of SIPAN (56.7x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Inventory turnover is 41 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 35 days of revenue, i.e. 16.7 M€ to permanently finance.
16 661 760 €
3 j
27 j
41 j
35 j
Based on 551 transactions of similar company sales in 2024, the value of SIPAN is estimated at 29 864 980 € (range 13 131 429€ - 60 746 551€). With an EBITDA of 5 859 896€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.23x (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.
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This estimate is based on the analysis of 551 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 SIPAN with other companies in the same sector:
The revenue of SIPAN in 2024 is 169.1 M€.
Yes, SIPAN generated a net profit of 3.7 M€ in 2024.
The headquarters of SIPAN is located in SAINT-PARRES-AUX-TERTRES (10410), in the department Aube.
The tax return of SIPAN 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).
SIPAN operates in the sector Hypermarchés (NAF code 47.11F). See the 'Sector positioning' section above to compare the company with its competitors.