SOC POUR REALISATION TOUTES ASSURANCES : revenue, balance sheet and financial ratios

In 2024, SOC POUR REALISATION TOUTES ASSURANCES achieves revenue of 364 k€. Activity remains stable over the period (CAGR: -0.4%). Significant drop of -17% vs 2023. After deducting consumption (0 €), gross margin stands at 364 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 42 k€, representing 11.6% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -54%, reducing margin by 9.2 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 33 k€, i.e. 8.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 977%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 27.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 1262.18. 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 18.7x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 929 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. The gap of 847 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 1113 days of revenue, i.e. 1.1 M€ to permanently finance. Over 2016-2024, WCR increased by +84%, requiring additional financing.

Based on 193 transactions of similar company sales (all years), the value of SOC POUR REALISATION TOUTES ASSURANCES is estimated at 145 873 € (range 42 695€ - 389 669€). With an EBITDA of 42 229€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (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.