SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS : revenue, balance sheet and financial ratios

SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS is a French company founded 33 years ago, specialized in the sector Travaux de peinture et vitrerie. Based in LA TESTE-DE-BUCH (33260), this company of category PME shows in 2024 a revenue of 1.4 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 D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS (SIREN 390135036)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 373 080 € 1 337 649 € 1 247 773 € N/C N/C N/C N/C N/C N/C
Net income 222 367 € 97 833 € -48 093 € -56 750 € -171 771 € 58 176 € 119 409 € 100 433 € 132 277 €
EBITDA 127 850 € 117 640 € -26 185 € N/C N/C N/C N/C N/C N/C
Net margin 16.2% 7.3% -3.9% N/C N/C N/C N/C N/C N/C

Revenue and income statement

In 2024, SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS achieves revenue of 1.4 M€. Revenue is growing positively over 9 years (CAGR: +4.9%). Vs 2023: +3%. After deducting consumption (468 k€), gross margin stands at 905 k€, i.e. a rate of 66%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 128 k€, representing 9.3% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 222 k€, i.e. 16.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 373 080 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

905 095 €

EBITDA (2024) ?
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

127 850 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

190 795 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

222 367 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

9.3%

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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 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 76%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.008%

Financial autonomy (2024) ?
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

75.607%

Cash flow / Revenue (2024) ?
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

6.264%

Repayment capacity (2024) ?
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

0.001

Asset age ratio (2024) ?
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

7.0%

Solvency indicators evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS

Sector positioning

Debt ratio
0.01 2024
2022
2023
2024
Q1: 0.09
Med: 10.81
Q3: 41.59
Excellent -26 pts over 3 years

In 2024, the debt ratio of SOCIETE D'EXPLOITATION DE... (0.01) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
75.61% 2024
2022
2023
2024
Q1: 4.71%
Med: 31.2%
Q3: 55.39%
Excellent

In 2024, the financial autonomy of SOCIETE D'EXPLOITATION DE... (75.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.77 years
Good +25 pts over 3 years

In 2024, the repayment capacity of SOCIETE D'EXPLOITATION DE... (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 373.65. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2024) ?
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

373.655

Interest coverage (2024) ?
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

1.205

Liquidity indicators evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS

Sector positioning

Liquidity ratio
373.65 2024
2022
2023
2024
Q1: 141.52
Med: 207.6
Q3: 324.48
Excellent +18 pts over 3 years

In 2024, the liquidity ratio of SOCIETE D'EXPLOITATION DE... (373.65) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
1.21x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.54x
Good +45 pts over 3 years

In 2024, the interest coverage of SOCIETE D'EXPLOITATION DE... (1.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. Favorable situation: supplier credit is longer than customer credit by 2 days. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 17 days of revenue, i.e. 66 k€ to permanently finance.

Operating WCR (2024) ?
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

65 633 €

Customer credit (2024) ?
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

31 j

Supplier credit (2024) ?
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

33 j

Inventory turnover (2024) ?
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

14 j

WCR in days of revenue (2024) ?
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

17 j

WCR and payment terms evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS

Positioning of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS in its sector

Comparison with sector Travaux de peinture et vitrerie

Valuation estimate

Based on 88 transactions of similar company sales (all years), the value of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS is estimated at 380 593 € (range 133 274€ - 684 369€). With an EBITDA of 127 850€, 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.

Estimated enterprise value 2024
88 tx
133k€ 380k€ 684k€
380 593 € Range: 133 274€ - 684 369€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
127 850 € × 2.7x
Estimation 347 005 €
105 052€ - 600 573€
Revenue Multiple 30%
1 373 080 € × 0.18x
Estimation 249 436 €
114 772€ - 440 775€
Net Income Multiple 20%
222 367 € × 3.0x
Estimation 661 303 €
231 588€ - 1 259 252€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 88 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 (Travaux de peinture et vitrerie)

Compare SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de peinture et vitrerie

Frequently asked questions about SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS

What is the revenue of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS ?

The revenue of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS in 2024 is 1.4 M€.

Is SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS profitable?

Yes, SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS generated a net profit of 222 k€ in 2024.

Where is the headquarters of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS ?

The headquarters of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS is located in LA TESTE-DE-BUCH (33260), in the department Gironde.

Where to find the tax return of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS ?

The tax return of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS 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 D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS operate?

SOCIETE D'EXPLOITATION DES ETABLISSEMENTS ROBERT COMBELAS operates in the sector Travaux de peinture et vitrerie (NAF code 43.34Z). See the 'Sector positioning' section above to compare the company with its competitors.