SIREN : 528923162
SMELT is a French company founded 15 years ago, specialized in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin. Based in MERIGNAC (33700), this company of category GE shows in 2024 a revenue of 3.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 742 498 € | 2 228 433 € | 3 800 016 € | 2 977 435 € | 3 146 391 € | 2 623 888 € | 2 527 999 € | 2 518 533 € | 2 242 758 € |
| Net income | 147 111 € | -596 473 € | -45 629 € | -191 533 € | -156 676 € | -242 216 € | -360 181 € | 24 665 € | 199 753 € |
| EBITDA | 291 084 € | -291 363 € | 425 321 € | 81 779 € | 221 661 € | 95 121 € | 12 403 € | 130 542 € | 330 968 € |
| Net margin | 3.9% | -26.8% | -1.2% | -6.4% | -5.0% | -9.2% | -14.2% | 1.0% | 8.9% |
In 2024, SMELT achieves revenue of 3.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.6%. Vs 2023, growth of +68% (2.2 M€ -> 3.7 M€). After deducting consumption (415 k€), gross margin stands at 3.3 M€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 291 k€, representing 7.8% of revenue. Positive scissor effect: EBITDA margin improves by +20.9 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 147 k€, i.e. 3.9% of revenue. This profit can be retained or distributed to shareholders.
3 742 498 €
3 327 320 €
291 084 €
225 560 €
147 111 €
7.8%
The debt ratio (= Financial debt / Equity x 100) stands at -129%. 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 -115%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 16.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
-128.937%
-115.248%
3.676%
16.157
24.8%
In 2024, the debt ratio of SMELT (-128.94) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of SMELT (-115.2%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2024, the repayment capacity of SMELT (16.16) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 114.12. 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 34.0x. Operating income very largely covers interest expenses: high safety margin.
114.119
34.005
In 2024, the liquidity ratio of SMELT (114.12) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of SMELT (34.0x) 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: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 76 days. Favorable situation: supplier credit is longer than customer credit by 19 days. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 69 days of revenue, i.e. 720 k€ to permanently finance.
720 094 €
57 j
76 j
14 j
69 j
Based on 95 transactions of similar company sales
(all years),
the value of SMELT is estimated at
435 161 €
(range 167 582€ - 1 940 408€).
With an EBITDA of 291 084€, the sector multiple of 1.4x is applied.
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.
Medium reliability: estimate to be confirmed with in-depth analysis.
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This estimate is based on the analysis of 95 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 SMELT with other companies in the same sector:
The revenue of SMELT in 2024 is 3.7 M€.
Yes, SMELT generated a net profit of 147 k€ in 2024.
The headquarters of SMELT is located in MERIGNAC (33700), in the department Gironde.
The tax return of SMELT 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).
SMELT operates in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin (NAF code 08.12Z). See the 'Sector positioning' section above to compare the company with its competitors.