SPIRIT PACKAGING SOLUTIONS : revenue, balance sheet and financial ratios

SPIRIT PACKAGING SOLUTIONS is a French company founded 10 years ago, specialized in the sector Activités des sociétés holding. Based in SALLES D'ANGLES (16130), this company of category PME shows in 2023 a revenue of 655 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - SPIRIT PACKAGING SOLUTIONS (SIREN 813468568)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 655 164 € 576 849 € 476 223 € 123 924 € 204 737 € 147 978 € 121 485 € N/C
Net income 182 936 € -134 285 € 88 478 € 260 € -82 060 € 125 322 € 203 612 € -15 763 €
EBITDA -71 993 € -195 580 € -148 890 € -113 133 € -71 053 € -108 895 € -61 029 € -12 369 €
Net margin 27.9% -23.3% 18.6% 0.2% -40.1% 84.7% 167.6% N/C

Revenue and income statement

In 2023, SPIRIT PACKAGING SOLUTIONS achieves revenue of 655 k€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +32.4%. Vs 2022, growth of +14% (577 k€ -> 655 k€). After deducting consumption (0 €), gross margin stands at 655 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -72 k€, representing -11.0% of revenue. Positive scissor effect: EBITDA margin improves by +22.9 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 183 k€, i.e. 27.9% 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

655 164 €

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

655 164 €

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

-71 993 €

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

16 841 €

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

182 936 €

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

-10.9%

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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 322%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory.

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

321.588%

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

20.776%

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

-16.001%

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

-20.31

Solvency indicators evolution
SPIRIT PACKAGING SOLUTIONS

Sector positioning

Debt ratio
321.59 2023
2021
2022
2023
Q1: 0.03
Med: 10.87
Q3: 70.22
Average

In 2023, the debt ratio of SPIRIT PACKAGING SOLUTIONS (321.59) 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
20.78% 2023
2021
2022
2023
Q1: 17.2%
Med: 61.39%
Q3: 90.77%
Average

In 2023, the financial autonomy of SPIRIT PACKAGING SOLUTIONS (20.8%) 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
-20.31 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.09 years
Q3: 3.23 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of SPIRIT PACKAGING SOLUTIONS (-20.31) 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 71.54. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

71.538

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

-75.764

Liquidity indicators evolution
SPIRIT PACKAGING SOLUTIONS

Sector positioning

Liquidity ratio
71.54 2023
2021
2022
2023
Q1: 126.86
Med: 619.0
Q3: 3548.33
Average -27 pts over 3 years

In 2023, the liquidity ratio of SPIRIT PACKAGING SOLUTIONS (71.54) 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
-75.76x 2023
2021
2022
2023
Q1: -65.31x
Med: 0.0x
Q3: 0.0x
Average -11 pts over 3 years

In 2023, the interest coverage of SPIRIT PACKAGING SOLUTIONS (-75.8x) 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: 80 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 63 days. The company must finance 17 days of gap between collections and payments. Overall, WCR represents 25 days of revenue, i.e. 46 k€ to permanently finance.

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

45 920 €

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

80 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

63 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

0 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

25 j

WCR and payment terms evolution
SPIRIT PACKAGING SOLUTIONS

Positioning of SPIRIT PACKAGING SOLUTIONS in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 63 transactions of similar company sales in 2023, the value of SPIRIT PACKAGING SOLUTIONS is estimated at 777 089 € (range 193 561€ - 1 293 604€). The price/revenue ratio is 0.24x (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 2023
63 tx
193k€ 777k€ 1293k€
777 089 € Range: 193 561€ - 1 293 604€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
655 164 € × 0.24x
Estimation 157 552 €
115 226€ - 467 914€
Net Income Multiple 20%
182 936 € × 9.3x
Estimation 1 706 395 €
311 065€ - 2 532 142€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Activités des sociétés holding)

Compare SPIRIT PACKAGING SOLUTIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about SPIRIT PACKAGING SOLUTIONS

What is the revenue of SPIRIT PACKAGING SOLUTIONS ?

The revenue of SPIRIT PACKAGING SOLUTIONS in 2023 is 655 k€.

Is SPIRIT PACKAGING SOLUTIONS profitable?

Yes, SPIRIT PACKAGING SOLUTIONS generated a net profit of 183 k€ in 2023.

Where is the headquarters of SPIRIT PACKAGING SOLUTIONS ?

The headquarters of SPIRIT PACKAGING SOLUTIONS is located in SALLES D'ANGLES (16130), in the department Charente.

Where to find the tax return of SPIRIT PACKAGING SOLUTIONS ?

The tax return of SPIRIT PACKAGING 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 SPIRIT PACKAGING SOLUTIONS operate?

SPIRIT PACKAGING SOLUTIONS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.