SIREN : 503884504
SMAPI is a French company founded 18 years ago, specialized in the sector Activités des sociétés holding. Based in BAYEUX (14400), this company of category PME shows in 2024 a revenue of 328 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 328 095 € | 356 387 € | 303 641 € | 235 470 € | 245 435 € |
| Net income | 198 284 € | 209 114 € | 613 571 € | 112 728 € | 140 670 € |
| EBITDA | -11 002 € | 40 611 € | 6 702 € | -4 131 € | 25 224 € |
| Net margin | 60.4% | 58.7% | 202.1% | 47.9% | 57.3% |
In 2024, SMAPI achieves revenue of 328 k€. Over the period 2020-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.5%. Slight decline of -8% vs 2023. After deducting consumption (117 k€), gross margin stands at 211 k€, i.e. a rate of 64%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -11 k€, representing -3.4% of revenue. Warning negative scissor effect: despite revenue change (-8%), EBITDA varies by -127%, reducing margin by 14.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 198 k€, i.e. 60.4% of revenue. This profit can be retained or distributed to shareholders.
328 095 €
210 790 €
-11 002 €
-10 162 €
198 284 €
-3.4%
The debt ratio (= Financial debt / Equity x 100) stands at 11%. 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 87%. 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 60.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
11.208%
87.381%
60.179%
1.778
64.3%
In 2024, the debt ratio of SMAPI (11.21) 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 SMAPI (87.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of SMAPI (1.78) 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 2584.95. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
2584.945
-207.008
In 2024, the liquidity ratio of SMAPI (2584.95) 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 SMAPI (-207.0x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Overall, WCR represents 662 days of revenue, i.e. 604 k€ to permanently finance. Notable WCR improvement over the period (-37%), freeing up cash.
603 711 €
21 j
32 j
0 j
662 j
Based on 54 transactions of similar company sales
in 2024,
the value of SMAPI is estimated at
231 698 €
(range 145 958€ - 730 138€).
The price/revenue ratio is 0.59x
(in line with sector norms).
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 54 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 SMAPI with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of SMAPI in 2024 is 328 k€.
Yes, SMAPI generated a net profit of 198 k€ in 2024.
The headquarters of SMAPI is located in BAYEUX (14400), in the department Calvados.
The tax return of SMAPI 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).
SMAPI operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.