SPIECAPAG REGIONS FRANCE : revenue, balance sheet and financial ratios

SPIECAPAG REGIONS FRANCE is a French company founded 30 years ago, specialized in the sector Construction de réseaux pour fluides. Based in PORTET-SUR-GARONNE (31120), this company of category GE shows in 2024 a revenue of 35.6 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 - SPIECAPAG REGIONS FRANCE (SIREN 403284839)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 35 562 751 € 36 987 950 € 29 215 221 € 27 005 775 € 30 823 300 € 35 245 100 € 26 163 581 € 23 769 302 € 11 911 434 €
Net income 1 305 333 € 1 035 713 € 971 299 € 807 954 € 538 039 € 1 130 862 € 529 749 € 470 196 € -1 617 917 €
EBITDA 2 574 884 € 1 370 362 € -197 353 € -560 293 € -1 904 882 € 1 751 575 € 974 647 € 558 087 € -1 627 839 €
Net margin 3.7% 2.8% 3.3% 3.0% 1.7% 3.2% 2.0% 2.0% -13.6%

Revenue and income statement

In 2024, SPIECAPAG REGIONS FRANCE achieves revenue of 35.6 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +14.7%. Slight decline of -4% vs 2023. After deducting consumption (0 €), gross margin stands at 35.6 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 2.6 M€, representing 7.2% of revenue. Positive scissor effect: EBITDA margin improves by +3.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.3 M€, i.e. 3.7% 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

35 562 751 €

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

35 562 751 €

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

2 574 884 €

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

2 041 481 €

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

1 305 333 €

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

7.2%

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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 21%. The balance between equity and debt is satisfactory. Cash flow represents 5.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (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

0.0%

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

21.28%

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

5.38%

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

0.0

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

41.5%

Solvency indicators evolution
SPIECAPAG REGIONS FRANCE

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 1.15
Med: 24.5
Q3: 76.99
Excellent

In 2024, the debt ratio of SPIECAPAG REGIONS FRANCE (0.00) 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
21.28% 2024
2022
2023
2024
Q1: 16.46%
Med: 32.68%
Q3: 51.92%
Average

In 2024, the financial autonomy of SPIECAPAG REGIONS FRANCE (21.3%) 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
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.65 years
Q3: 2.23 years
Excellent

In 2024, the repayment capacity of SPIECAPAG REGIONS FRANCE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 154.80. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

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

154.804

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

0.079

Liquidity indicators evolution
SPIECAPAG REGIONS FRANCE

Sector positioning

Liquidity ratio
154.8 2024
2022
2023
2024
Q1: 137.66
Med: 183.25
Q3: 263.2
Average

In 2024, the liquidity ratio of SPIECAPAG REGIONS FRANCE (154.80) 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
0.08x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.07x
Q3: 7.11x
Average

In 2024, the interest coverage of SPIECAPAG REGIONS FRANCE (0.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Overall, WCR represents 52 days of revenue, i.e. 5.2 M€ to permanently finance. Over 2016-2024, WCR increased by +782%, 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

5 161 578 €

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

45 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

56 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

52 j

WCR and payment terms evolution
SPIECAPAG REGIONS FRANCE

Positioning of SPIECAPAG REGIONS FRANCE in its sector

Comparison with sector Construction de réseaux pour fluides

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (33 transactions). This range of 1 426 359€ to 8 444 148€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
1426k€ 1842k€ 8444k€
1 842 449 € Range: 1 426 359€ - 8 444 148€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 33 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 (Construction de réseaux pour fluides)

Compare SPIECAPAG REGIONS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de réseaux pour fluides

Frequently asked questions about SPIECAPAG REGIONS FRANCE

What is the revenue of SPIECAPAG REGIONS FRANCE ?

The revenue of SPIECAPAG REGIONS FRANCE in 2024 is 35.6 M€.

Is SPIECAPAG REGIONS FRANCE profitable?

Yes, SPIECAPAG REGIONS FRANCE generated a net profit of 1.3 M€ in 2024.

Where is the headquarters of SPIECAPAG REGIONS FRANCE ?

The headquarters of SPIECAPAG REGIONS FRANCE is located in PORTET-SUR-GARONNE (31120), in the department Haute-Garonne.

Where to find the tax return of SPIECAPAG REGIONS FRANCE ?

The tax return of SPIECAPAG REGIONS FRANCE 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 SPIECAPAG REGIONS FRANCE operate?

SPIECAPAG REGIONS FRANCE operates in the sector Construction de réseaux pour fluides (NAF code 42.21Z). See the 'Sector positioning' section above to compare the company with its competitors.