SPIE BUILDING SOLUTIONS : revenue, balance sheet and financial ratios

SPIE BUILDING SOLUTIONS is a French company founded 24 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in SAINT-OUEN-SUR-SEINE (93400), this company of category GE shows in 2024 a revenue of 601.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SPIE BUILDING SOLUTIONS (SIREN 440055861)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016
Revenue 601 062 798 € 1 060 618 337 € 969 600 871 € 870 346 250 € 1 000 042 483 € 1 071 673 498 € 241 550 783 € 327 768 785 €
Net income 30 126 832 € 39 980 036 € 31 905 770 € 14 277 707 € 32 158 620 € 49 382 820 € 9 547 817 € 28 415 372 €
EBITDA 26 365 512 € 48 398 125 € 32 527 455 € 11 533 375 € 36 834 876 € 14 265 443 € 8 810 187 € 14 855 077 €
Net margin 5.0% 3.8% 3.3% 1.6% 3.2% 4.6% 4.0% 8.7%

Revenue and income statement

In 2024, SPIE BUILDING SOLUTIONS achieves revenue of 601.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.9%. Significant drop of -43% vs 2022. After deducting consumption (353 k€), gross margin stands at 600.7 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 26.4 M€, representing 4.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 30.1 M€, i.e. 5.0% 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

601 062 798 €

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

600 709 817 €

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

26 365 512 €

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

30 886 434 €

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

30 126 832 €

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

4.4%

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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 4%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

4.156%

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

36.228%

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

4.604%

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

0.322

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

64.7%

Solvency indicators evolution
SPIE BUILDING SOLUTIONS

Sector positioning

Debt ratio
4.16 2024
2021
2022
2024
Q1: 0.41
Med: 12.03
Q3: 40.28
Good +8 pts over 3 years

In 2024, the debt ratio of SPIE BUILDING SOLUTIONS (4.16) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
36.23% 2024
2021
2022
2024
Q1: 12.29%
Med: 37.01%
Q3: 58.36%
Average

In 2024, the financial autonomy of SPIE BUILDING SOLUTIONS (36.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.32 years 2024
2021
2022
2024
Q1: 0.0 years
Med: 0.02 years
Q3: 0.9 years
Average +29 pts over 3 years

In 2024, the repayment capacity of SPIE BUILDING SOLUTIONS (0.32) 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 180.90. 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 15.2x. Operating income very largely covers interest expenses: high safety margin.

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

180.897

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

15.159

Liquidity indicators evolution
SPIE BUILDING SOLUTIONS

Sector positioning

Liquidity ratio
180.9 2024
2021
2022
2024
Q1: 154.88
Med: 223.72
Q3: 341.92
Average +6 pts over 3 years

In 2024, the liquidity ratio of SPIE BUILDING SOLUTIONS (180.90) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
15.16x 2024
2021
2022
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.02x
Excellent

In 2024, the interest coverage of SPIE BUILDING SOLUTIONS (15.2x) 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Overall, WCR represents 142 days of revenue, i.e. 237.0 M€ to permanently finance. Over 2016-2024, WCR increased by +120%, requiring additional financing.

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

236 962 997 €

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

35 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

59 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

0 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

142 j

WCR and payment terms evolution
SPIE BUILDING SOLUTIONS

Positioning of SPIE BUILDING SOLUTIONS in its sector

Comparison with sector Travaux d'installation électrique dans tous locaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (29 transactions). This range of 33 883 945€ to 121 511 166€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
33883k€ 48839k€ 121511k€
48 839 752 € Range: 33 883 945€ - 121 511 166€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 29 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 électrique dans tous locaux)

Compare SPIE BUILDING SOLUTIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux

Frequently asked questions about SPIE BUILDING SOLUTIONS

What is the revenue of SPIE BUILDING SOLUTIONS ?

The revenue of SPIE BUILDING SOLUTIONS in 2024 is 601.1 M€.

Is SPIE BUILDING SOLUTIONS profitable?

Yes, SPIE BUILDING SOLUTIONS generated a net profit of 30.1 M€ in 2024.

Where is the headquarters of SPIE BUILDING SOLUTIONS ?

The headquarters of SPIE BUILDING SOLUTIONS is located in SAINT-OUEN-SUR-SEINE (93400), in the department Seine-Saint-Denis.

Where to find the tax return of SPIE BUILDING SOLUTIONS ?

The tax return of SPIE BUILDING SOLUTIONS 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 SPIE BUILDING SOLUTIONS operate?

SPIE BUILDING SOLUTIONS operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.