SIREN : 378615363
SMILE is a French company founded 35 years ago, specialized in the sector Tierce maintenance de systèmes et d’applications informatiques. Based in ASNIERES-SUR-SEINE (92600), this company of category ETI shows in 2024 a revenue of 80.6 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 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80 565 123 € | 88 712 112 € | 96 156 338 € | 92 695 945 € | 95 279 387 € | 104 699 615 € | 78 407 680 € | 62 558 567 € |
| Net income | -216 064 € | -2 523 542 € | -1 158 919 € | 38 014 378 € | 4 351 086 € | 4 421 754 € | 3 895 245 € | 3 526 887 € |
| EBITDA | 505 563 € | -757 649 € | 295 840 € | 2 488 974 € | 1 539 706 € | 6 078 206 € | 5 713 685 € | 4 735 016 € |
| Net margin | -0.3% | -2.8% | -1.2% | 41.0% | 4.6% | 4.2% | 5.0% | 5.6% |
In 2024, SMILE achieves revenue of 80.6 M€. Revenue is growing positively over 8 years (CAGR: +3.2%). Slight decline of -9% vs 2023. After deducting consumption (2.2 M€), gross margin stands at 78.4 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 506 k€, representing 0.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -216 k€ (-0.3% of revenue), which will impact equity.
80 565 123 €
78 408 351 €
505 563 €
-1 491 913 €
-216 064 €
0.6%
The debt ratio (= Financial debt / Equity x 100) stands at 111%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 21.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
110.66%
24.096%
2.444%
21.704
29.7%
In 2024, the debt ratio of SMILE (110.66) 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.
In 2024, the financial autonomy of SMILE (24.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of SMILE (21.70) 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 66.71. 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 770.4x. Operating income very largely covers interest expenses: high safety margin.
66.71
770.384
In 2024, the liquidity ratio of SMILE (66.71) 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 SMILE (770.4x) 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: 80 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 218 days. Excellent situation: suppliers finance 138 days of the operating cycle (retail model). WCR is negative (-89 days): operations structurally generate cash. Notable WCR improvement over the period (-372%), freeing up cash.
-20 015 599 €
80 j
218 j
0 j
-89 j
Based on 215 transactions of similar company sales (all years), the value of SMILE is estimated at 5 158 024 € (range 2 717 791€ - 10 221 999€). With an EBITDA of 505 563€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (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 215 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 SMILE with other companies in the same sector:
The revenue of SMILE in 2024 is 80.6 M€.
SMILE recorded a net loss in 2024.
The headquarters of SMILE is located in ASNIERES-SUR-SEINE (92600), in the department Hauts-de-Seine.
The tax return of SMILE 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).
SMILE operates in the sector Tierce maintenance de systèmes et d’applications informatiques (NAF code 62.02B). See the 'Sector positioning' section above to compare the company with its competitors.