SOCIETE AFFRETEMENTS NATIONAUX : revenue, balance sheet and financial ratios

SOCIETE AFFRETEMENTS NATIONAUX is a French company founded 26 years ago, specialized in the sector Affrètement et organisation des transports . Based in PERPIGNAN (66000), this company of category ETI shows in 2023 a revenue of 65.5 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

Financial history - SOCIETE AFFRETEMENTS NATIONAUX (SIREN 428195192)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 65 540 363 € 62 798 249 € 53 584 869 € 51 247 110 € 51 010 906 € 48 704 486 € 44 865 533 € 42 459 229 €
Net income 1 897 411 € 1 859 799 € 1 874 732 € 1 891 348 € 1 313 861 € 1 796 650 € 1 636 121 € 1 222 849 €
EBITDA 1 524 711 € 1 928 228 € 1 538 044 € 2 600 418 € 1 540 562 € 2 045 107 € 1 847 234 € 1 521 742 €
Net margin 2.9% 3.0% 3.5% 3.7% 2.6% 3.7% 3.6% 2.9%

Revenue and income statement

In 2023, SOCIETE AFFRETEMENTS NATIONAUX achieves revenue of 65.5 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +6.4%. Vs 2022: +4%. After deducting consumption (1.2 M€), gross margin stands at 64.4 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.5 M€, representing 2.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.9 M€, i.e. 2.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

65 540 363 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

64 385 863 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

1 524 711 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 341 094 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 897 411 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.3%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

34.635%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

29.227%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

3.178%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.936

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

20.1%

Solvency indicators evolution
SOCIETE AFFRETEMENTS NATIONAUX

Sector positioning

Debt ratio
34.63 2023
2021
2022
2023
Q1: 0.0
Med: 7.46
Q3: 49.04
Average

In 2023, the debt ratio of SOCIETE AFFRETEMENTS NATI... (34.63) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
29.23% 2023
2021
2022
2023
Q1: 15.05%
Med: 32.0%
Q3: 51.78%
Average -10 pts over 3 years

In 2023, the financial autonomy of SOCIETE AFFRETEMENTS NATI... (29.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.94 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.03 years
Q3: 1.11 years
Average

In 2023, the repayment capacity of SOCIETE AFFRETEMENTS NATI... (0.94) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 167.82. 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 11.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

167.82

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

11.495

Liquidity indicators evolution
SOCIETE AFFRETEMENTS NATIONAUX

Sector positioning

Liquidity ratio
167.82 2023
2021
2022
2023
Q1: 120.57
Med: 159.14
Q3: 229.55
Good -13 pts over 3 years

In 2023, the liquidity ratio of SOCIETE AFFRETEMENTS NATI... (167.82) 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.

Interest coverage
11.49x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.29x
Q3: 4.82x
Excellent

In 2023, the interest coverage of SOCIETE AFFRETEMENTS NATI... (11.5x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Overall, WCR represents 90 days of revenue, i.e. 16.3 M€ to permanently finance. Over 2016-2023, WCR increased by +163%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

16 349 699 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

44 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

44 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

90 j

WCR and payment terms evolution
SOCIETE AFFRETEMENTS NATIONAUX

Positioning of SOCIETE AFFRETEMENTS NATIONAUX in its sector

Comparison with sector Affrètement et organisation des transports

Valuation estimate

Based on 167 transactions of similar company sales (all years), the value of SOCIETE AFFRETEMENTS NATIONAUX is estimated at 3 008 903 € (range 2 199 401€ - 5 468 275€). With an EBITDA of 1 524 711€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.11x (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.

Estimated enterprise value 2023
167 transactions
2199k€ 3008k€ 5468k€
3 008 903 € Range: 2 199 401€ - 5 468 275€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 524 711 € × 0.9x
Estimation 1 365 550 €
498 907€ - 1 898 595€
Revenue Multiple 30%
65 540 363 € × 0.11x
Estimation 6 951 369 €
6 162 068€ - 12 199 760€
Net Income Multiple 20%
1 897 411 € × 0.6x
Estimation 1 203 587 €
506 635€ - 4 295 253€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 167 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Affrètement et organisation des transports )

Compare SOCIETE AFFRETEMENTS NATIONAUX with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about SOCIETE AFFRETEMENTS NATIONAUX

What is the revenue of SOCIETE AFFRETEMENTS NATIONAUX ?

The revenue of SOCIETE AFFRETEMENTS NATIONAUX in 2023 is 65.5 M€.

Is SOCIETE AFFRETEMENTS NATIONAUX profitable?

Yes, SOCIETE AFFRETEMENTS NATIONAUX generated a net profit of 1.9 M€ in 2023.

Where is the headquarters of SOCIETE AFFRETEMENTS NATIONAUX ?

The headquarters of SOCIETE AFFRETEMENTS NATIONAUX is located in PERPIGNAN (66000), in the department Pyrenees-Orientales.

Where to find the tax return of SOCIETE AFFRETEMENTS NATIONAUX ?

The tax return of SOCIETE AFFRETEMENTS NATIONAUX 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).

In which sector does SOCIETE AFFRETEMENTS NATIONAUX operate?

SOCIETE AFFRETEMENTS NATIONAUX operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.