SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE : revenue, balance sheet and financial ratios

SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE is a French company founded 33 years ago, specialized in the sector Travaux d'installation d'eau et de gaz en tous locaux. Based in ROQUEFORT-LA-BEDOULE (13830), this company of category PME shows in 2023 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 PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE (SIREN 389863424)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 427 475 € 1 716 440 € 2 223 942 € 1 831 848 € 2 978 090 € 2 309 305 € 1 805 583 € 3 783 833 €
Net income 111 669 € 4 233 € 112 900 € -165 316 € 119 146 € -34 785 € -161 236 € 285 067 €
EBITDA 136 021 € -40 696 € 40 468 € -212 789 € 171 673 € 2 284 € -131 677 € 454 177 €
Net margin 7.8% 0.2% 5.1% -9.0% 4.0% -1.5% -8.9% 7.5%

Revenue and income statement

In 2023, SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE achieves revenue of 1.4 M€. Revenue is declining over the period 2016-2023 (CAGR: -13.0%). Significant drop of -17% vs 2022. After deducting consumption (352 k€), gross margin stands at 1.1 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 136 k€, representing 9.5% of revenue. Positive scissor effect: EBITDA margin improves by +11.9 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 112 k€, i.e. 7.8% 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

1 427 475 €

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

1 075 175 €

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

136 021 €

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

126 938 €

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

111 669 €

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

9.5%

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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 76%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

76.005%

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

36.281%

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

8.439%

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

2.501

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

5.8%

Solvency indicators evolution
SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE

Sector positioning

Debt ratio
76.0 2023
2021
2022
2023
Q1: 1.67
Med: 17.71
Q3: 55.25
Average

In 2023, the debt ratio of SOCIETE PLOMBERIE AZUREEN... (76.00) 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
36.28% 2023
2021
2022
2023
Q1: 11.53%
Med: 34.4%
Q3: 54.98%
Good +17 pts over 3 years

In 2023, the financial autonomy of SOCIETE PLOMBERIE AZUREEN... (36.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
2.5 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.14 years
Q3: 1.27 years
Average

In 2023, the repayment capacity of SOCIETE PLOMBERIE AZUREEN... (2.50) 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 268.87. 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 3.0x. Financial charges are adequately covered by operations.

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

268.872

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

2.975

Liquidity indicators evolution
SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE

Sector positioning

Liquidity ratio
268.87 2023
2021
2022
2023
Q1: 155.64
Med: 216.86
Q3: 318.57
Good +20 pts over 3 years

In 2023, the liquidity ratio of SOCIETE PLOMBERIE AZUREEN... (268.87) 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
2.98x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.03x
Q3: 1.77x
Excellent

In 2023, the interest coverage of SOCIETE PLOMBERIE AZUREEN... (3.0x) 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: 98 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. The company must finance 1 days of gap between collections and payments. Inventory turnover is 50 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 218 days of revenue, i.e. 866 k€ to permanently finance. Over 2016-2023, WCR increased by +24%, 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

865 992 €

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

98 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

97 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

50 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

218 j

WCR and payment terms evolution
SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE

Positioning of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE in its sector

Comparison with sector Travaux d'installation d'eau et de gaz en tous locaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 132 257€ to 357 274€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
132k€ 177k€ 357k€
177 026 € Range: 132 257€ - 357 274€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 d'installation d'eau et de gaz en tous locaux)

Compare SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'eau et de gaz en tous locaux

Frequently asked questions about SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE

What is the revenue of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE ?

The revenue of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE in 2023 is 1.4 M€.

Is SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE profitable?

Yes, SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE generated a net profit of 112 k€ in 2023.

Where is the headquarters of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE ?

The headquarters of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE is located in ROQUEFORT-LA-BEDOULE (13830), in the department Bouches-du-Rhone.

Where to find the tax return of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE ?

The tax return of SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE 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 PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE operate?

SOCIETE PLOMBERIE AZUREENNE CHAUFFAGE ENTRETIEN SPACE operates in the sector Travaux d'installation d'eau et de gaz en tous locaux (NAF code 43.22A). See the 'Sector positioning' section above to compare the company with its competitors.