STE TRANSPORT DU CHEVAL : revenue, balance sheet and financial ratios

STE TRANSPORT DU CHEVAL is a French company founded 41 years ago, specialized in the sector Transports routiers de fret de proximité. Based in GOUVIEUX (60270), this company of category PME shows in 2021 a revenue of 3.5 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 - STE TRANSPORT DU CHEVAL (SIREN 332443217)
Indicator 2021 2019 2018 2017
Revenue 3 481 570 € 65 000 € 90 000 € 104 756 €
Net income 90 789 € 40 579 € 4 778 € 187 475 €
EBITDA 46 572 € 24 610 € -8 770 € -14 682 €
Net margin 2.6% 62.4% 5.3% 179.0%

Revenue and income statement

In 2021, STE TRANSPORT DU CHEVAL achieves revenue of 3.5 M€. Over the period 2017-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +140.1%. Vs 2019, growth of +5256% (65 k€ -> 3.5 M€). After deducting consumption (287 k€), gross margin stands at 3.2 M€, i.e. a rate of 92%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 47 k€, representing 1.3% of revenue. Warning negative scissor effect: despite revenue change (+5256%), EBITDA varies by +89%, reducing margin by 36.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 91 k€, i.e. 2.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 481 570 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 194 499 €

EBITDA (2021) ?
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

46 572 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

18 871 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

90 789 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.3%

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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 72%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 28%. The balance between equity and debt is satisfactory.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

71.619%

Financial autonomy (2021) ?
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

28.464%

Cash flow / Revenue (2021) ?
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

-2.816%

Repayment capacity (2021) ?
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

-6.881

Asset age ratio (2021) ?
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

16.7%

Solvency indicators evolution
STE TRANSPORT DU CHEVAL

Sector positioning

Debt ratio
71.62 2021
2018
2019
2021
Q1: 1.39
Med: 31.45
Q3: 102.48
Average -11 pts over 3 years

In 2021, the debt ratio of STE TRANSPORT DU CHEVAL (71.62) 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
28.46% 2021
2018
2019
2021
Q1: 12.4%
Med: 30.92%
Q3: 49.89%
Average -12 pts over 3 years

In 2021, the financial autonomy of STE TRANSPORT DU CHEVAL (28.5%) 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
-6.88 years 2021
2018
2019
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.65 years
Excellent

In 2021, the repayment capacity of STE TRANSPORT DU CHEVAL (-6.88) 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 154.18. 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 23.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2021) ?
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

154.179

Interest coverage (2021) ?
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

23.759

Liquidity indicators evolution
STE TRANSPORT DU CHEVAL

Sector positioning

Liquidity ratio
154.18 2021
2018
2019
2021
Q1: 124.53
Med: 174.41
Q3: 255.09
Average +36 pts over 3 years

In 2021, the liquidity ratio of STE TRANSPORT DU CHEVAL (154.18) 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
23.76x 2021
2018
2019
2021
Q1: 0.0x
Med: 0.0x
Q3: 1.5x
Excellent +50 pts over 3 years

In 2021, the interest coverage of STE TRANSPORT DU CHEVAL (23.8x) 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: 163 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 123 days. The gap of 40 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 153 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2017-2021, WCR increased by +790%, requiring additional financing.

Operating WCR (2021) ?
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

1 483 810 €

Customer credit (2021) ?
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

163 j

Supplier credit (2021) ?
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

123 j

Inventory turnover (2021) ?
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 (2021) ?
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

153 j

WCR and payment terms evolution
STE TRANSPORT DU CHEVAL

Positioning of STE TRANSPORT DU CHEVAL in its sector

Comparison with sector Transports routiers de fret de proximité

Valuation estimate

Based on 63 transactions of similar company sales in 2021, the value of STE TRANSPORT DU CHEVAL is estimated at 229 519 € (range 153 446€ - 508 413€). With an EBITDA of 46 572€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.14x (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 2021
63 tx
153k€ 229k€ 508k€
229 519 € Range: 153 446€ - 508 413€
NAF 5 année 2021

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
46 572 € × 1.5x
Estimation 70 490 €
28 943€ - 337 498€
Revenue Multiple 30%
3 481 570 € × 0.14x
Estimation 499 342 €
411 158€ - 647 426€
Net Income Multiple 20%
90 789 € × 2.4x
Estimation 222 358 €
78 137€ - 727 185€

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 (Transports routiers de fret de proximité)

Compare STE TRANSPORT DU CHEVAL with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret de proximité

Frequently asked questions about STE TRANSPORT DU CHEVAL

What is the revenue of STE TRANSPORT DU CHEVAL ?

The revenue of STE TRANSPORT DU CHEVAL in 2021 is 3.5 M€.

Is STE TRANSPORT DU CHEVAL profitable?

Yes, STE TRANSPORT DU CHEVAL generated a net profit of 91 k€ in 2021.

Where is the headquarters of STE TRANSPORT DU CHEVAL ?

The headquarters of STE TRANSPORT DU CHEVAL is located in GOUVIEUX (60270), in the department Oise.

Where to find the tax return of STE TRANSPORT DU CHEVAL ?

The tax return of STE TRANSPORT DU CHEVAL 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 STE TRANSPORT DU CHEVAL operate?

STE TRANSPORT DU CHEVAL operates in the sector Transports routiers de fret de proximité (NAF code 49.41B). See the 'Sector positioning' section above to compare the company with its competitors.