SOCIETE DE REALISATIONS IMMOBILIERES - SORIMMO : revenue, balance sheet and financial ratios

In 2024, SOCIETE DE REALISATIONS IMMOBILIERES - SORIMMO achieves revenue of 94 k€. Revenue is growing positively over 9 years (CAGR: +3.6%). Significant drop of -79% vs 2023. After deducting consumption (0 €), gross margin stands at 94 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 -71 k€, representing -74.9% of revenue. Warning negative scissor effect: despite revenue change (-79%), EBITDA varies by -206%, reducing margin by 89.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 17 k€, i.e. 17.8% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 66%. 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 94.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 17.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 3122.23. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1060 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. The gap of 1029 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 6437 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 10493 days of revenue, i.e. 2.7 M€ to permanently finance. Over 2016-2024, WCR increased by +29%, requiring additional financing.

Based on 80 transactions of similar company sales (all years), the value of SOCIETE DE REALISATIONS IMMOBILIERES - SORIMMO is estimated at 31 604 € (range 10 592€ - 82 333€). The price/revenue ratio is 0.28x (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.