SOCIETE D'APPLICATION ET DE REVETEMENTS DE PEINTURE ET D'ETANCHEITE : revenue, balance sheet and financial ratios

In 2025, SOCIETE D'APPLICATION ET DE REVETEMENTS DE PEINTURE ET D'ETANCHEITE achieves revenue of 936 k€. Activity remains stable over the period (CAGR: -1.1%). Significant drop of -13% vs 2024. After deducting consumption (105 k€), gross margin stands at 830 k€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 80 k€, representing 8.6% of revenue. Warning negative scissor effect: despite revenue change (-13%), EBITDA varies by -46%, reducing margin by 5.4 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 36 k€, i.e. 3.9% of revenue. This profit can be retained or distributed to shareholders.

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 59%. 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 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.9% 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 282.59. 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 3.8x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 29 days. Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 41 days of revenue, i.e. 107 k€ to permanently finance. Notable WCR improvement over the period (-53%), freeing up cash.

Based on 88 transactions of similar company sales (all years), the value of SOCIETE D'APPLICATION ET DE REVETEMENTS DE PEINTURE ET D'ETANCHEITE is estimated at 181 602 € (range 64 021€ - 319 878€). With an EBITDA of 80 443€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.18x (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.