SOCIETE D'EQUIPEMENTS ELECTRIQUES FIONDA : revenue, balance sheet and financial ratios

In 2025, SOCIETE D'EQUIPEMENTS ELECTRIQUES FIONDA achieves revenue of 4.0 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +27.8%. Vs 2024, growth of +18% (3.4 M€ -> 4.0 M€). After deducting consumption (1.7 M€), gross margin stands at 2.3 M€, i.e. a rate of 58%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 112 k€, representing 2.8% of revenue. Warning negative scissor effect: despite revenue change (+18%), EBITDA varies by -33%, reducing margin by 2.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 82 k€, i.e. 2.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 26%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 151.06. 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 7.8x. 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 117 days. Excellent situation: suppliers finance 117 days of the operating cycle (retail model). Inventory turnover is 28 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 154 days of revenue, i.e. 1.7 M€ to permanently finance. Over 2016-2025, WCR increased by +701%, requiring additional financing.

Based on 283 transactions of similar company sales (all years), the value of SOCIETE D'EQUIPEMENTS ELECTRIQUES FIONDA is estimated at 299 630 € (range 161 162€ - 718 763€). With an EBITDA of 112 295€, the sector multiple of 1.0x 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.