SPRINGWAY : revenue, balance sheet and financial ratios

SPRINGWAY is a French company founded 68 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures. Based in SEVRAN (93270), this company of category PME shows in 2024 a revenue of 13.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-06-13

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

Synthèse

Santé financière : Saine

Aucun signal de fragilité majeur : rentabilité positive et structure financière équilibrée.

In summary, SPRINGWAY combines a growing business with positive profitability. Its financial structure is broadly in line with its sector.

Financial history - SPRINGWAY (SIREN 582013876)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 13 864 346 € 16 002 903 € 14 560 814 € 12 300 236 € 12 327 398 € 12 599 284 € 14 868 044 € 13 610 553 € 13 458 445 €
Net income 449 392 € 508 652 € 311 367 € 221 058 € 273 124 € 346 977 € 237 434 € 173 188 € 146 024 €
EBITDA 570 711 € 1 086 629 € 96 278 € -150 986 € 1 186 761 € 503 434 € 995 811 € 786 155 € 638 466 €
Net margin 3.2% 3.2% 2.1% 1.8% 2.2% 2.8% 1.6% 1.3% 1.1%

Revenue and income statement

In 2024, SPRINGWAY achieves revenue of 13.9 M€. Revenue is growing positively over 9 years (CAGR: +3.0%). Significant drop of -13% vs 2023. After deducting consumption (10.0 M€), gross margin stands at 3.9 M€, i.e. a rate of 28%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 571 k€, representing 4.1% of revenue. Warning negative scissor effect: despite revenue change (-13%), EBITDA varies by -47%, reducing margin by 2.7 pts. This reflects costs rising faster than revenue. This ratio is more favorable than the sector median (3.0%). Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 449 k€, i.e. 3.2% 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

13 864 346 €

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

3 872 025 €

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

570 711 €

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

531 257 €

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

449 392 €

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

4.1%

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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 13%. This ratio is slightly less favorable than the sector median (10.8%). Financial autonomy (= Equity / Total assets x 100) reaches 34%. This ratio is more favorable than the sector median (29.3%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is slightly less favorable than the sector median (2.7%).

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

12.9%

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

34.1%

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

2.29%

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

0.69

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

26.1%

Solvency indicators evolution
SPRINGWAY

Sector positioning

Debt ratio
12.9% 2024
Q1: 0.0%
Med: 10.8%
Q3: 55.59%
Average -24 pts over 3 years

In 2024, the debt ratio of SPRINGWAY (12.9%) 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
34.1% 2024
Q1: 5.07%
Med: 29.28%
Q3: 56.84%
Good +10 pts over 3 years

In 2024, the financial autonomy of SPRINGWAY (34.1%) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1.27. This ratio is slightly less favorable than the sector median (1.9). The interest coverage ratio (= EBIT / Interest expenses) is 56.1x. 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

1.27

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

56.1

Liquidity indicators evolution
SPRINGWAY

Sector positioning

Liquidity ratio
1.27 2024
Q1: 1.09
Med: 1.88
Q3: 3.54
Average -28 pts over 3 years

In 2024, the liquidity ratio of SPRINGWAY (1.27) 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.

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: 22 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. Excellent situation: suppliers finance 59 days of the operating cycle (retail model). Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 25 days of revenue, i.e. 944 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

944 301 €

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

22 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

81 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

6 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

25 j

WCR and payment terms evolution
SPRINGWAY

Positioning of SPRINGWAY in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Valuation estimate

Based on 124 transactions of similar company sales (all years), the value of SPRINGWAY is estimated at 1 620 756 € (range 711 301€ - 3 879 506€). With an EBITDA of 570 711€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.17x (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.

Estimated enterprise value 2024
124 transactions
711k€ 1620k€ 3879k€
1 620 756 € Range: 711 301€ - 3 879 506€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
570 711 € × 2.4x
Estimation 1 382 130 €
568 390€ - 2 859 748€
Revenue Multiple 30%
13 864 346 € × 0.17x
Estimation 2 412 994 €
1 241 426€ - 6 948 567€
Net Income Multiple 20%
449 392 € × 2.3x
Estimation 1 028 969 €
273 394€ - 1 825 313€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 124 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 (Commerce de gros (commerce interentreprises) d'habillement et de chaussures)

Compare SPRINGWAY with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Top companies in Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures:

Top companies in Seine-Saint-Denis

Largest companies by revenue in the department Seine-Saint-Denis:

Voir le classement complet du département Seine-Saint-Denis

Frequently asked questions about SPRINGWAY

What is the revenue of SPRINGWAY ?

The revenue of SPRINGWAY in 2024 is 13.9 M€.

Is SPRINGWAY profitable?

Yes, SPRINGWAY generated a net profit of 449 k€ in 2024.

Where is the headquarters of SPRINGWAY ?

The headquarters of SPRINGWAY is located in SEVRAN (93270), in the department Seine-Saint-Denis.

Where to find the tax return of SPRINGWAY ?

The tax return of SPRINGWAY 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 SPRINGWAY operate?

SPRINGWAY operates in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures (NAF code 46.42Z). See the 'Sector positioning' section above to compare the company with its competitors.