SUD EST ASSAINISSEMENT DU VAR : revenue, balance sheet and financial ratios

SUD EST ASSAINISSEMENT DU VAR is a French company founded 38 years ago, specialized in the sector Collecte et traitement des eaux usées. Based in NICE (06200), this company of category GE shows in 2024 a revenue of 16.3 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 - SUD EST ASSAINISSEMENT DU VAR (SIREN 342188299)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 16 336 109 € 14 744 746 € 13 232 162 € 12 691 153 € 11 241 221 € 12 539 328 € 11 213 589 € 11 029 254 € 11 413 662 € 11 177 596 €
Net income -298 594 € -626 332 € 60 341 € -39 653 € -1 092 828 € -211 114 € -198 482 € -624 448 € -963 991 € -448 385 €
EBITDA 313 399 € -170 087 € 459 356 € 415 565 € -821 485 € 476 709 € -93 788 € -367 746 € -577 747 € -246 244 €
Net margin -1.8% -4.2% 0.5% -0.3% -9.7% -1.7% -1.8% -5.7% -8.4% -4.0%

Revenue and income statement

In 2024, SUD EST ASSAINISSEMENT DU VAR achieves revenue of 16.3 M€. Revenue is growing positively over 10 years (CAGR: +4.3%). Vs 2023, growth of +11% (14.7 M€ -> 16.3 M€). After deducting consumption (341 k€), gross margin stands at 16.0 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 313 k€, representing 1.9% of revenue. Positive scissor effect: EBITDA margin improves by +3.1 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -299 k€ (-1.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

16 336 109 €

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

15 994 662 €

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

313 399 €

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

-160 116 €

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

-298 594 €

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

1.9%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 477%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.1% 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

477.285%

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

3.485%

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

1.121%

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

9.948

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

27.2%

Solvency indicators evolution
SUD EST ASSAINISSEMENT DU VAR

Sector positioning

Debt ratio
477.29 2024
2022
2023
2024
Q1: 1.07
Med: 21.28
Q3: 69.04
Watch +44 pts over 3 years

In 2024, the debt ratio of SUD EST ASSAINISSEMENT DU... (477.29) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
3.48% 2024
2022
2023
2024
Q1: 15.57%
Med: 39.67%
Q3: 57.18%
Watch

In 2024, the financial autonomy of SUD EST ASSAINISSEMENT DU... (3.5%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
9.95 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.3 years
Q3: 1.71 years
Watch +38 pts over 3 years

In 2024, the repayment capacity of SUD EST ASSAINISSEMENT DU... (9.95) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 93.63. 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 24.9x. 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

93.632

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

24.949

Liquidity indicators evolution
SUD EST ASSAINISSEMENT DU VAR

Sector positioning

Liquidity ratio
93.63 2024
2022
2023
2024
Q1: 120.31
Med: 188.45
Q3: 284.02
Watch

In 2024, the liquidity ratio of SUD EST ASSAINISSEMENT DU... (93.63) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
24.95x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.0x
Q3: 7.24x
Excellent

In 2024, the interest coverage of SUD EST ASSAINISSEMENT DU... (24.9x) 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: 87 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 124 days. Excellent situation: suppliers finance 37 days of the operating cycle (retail model). Inventory turnover is 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 51 days of revenue, i.e. 2.3 M€ to permanently finance. Over 2015-2024, WCR increased by +77%, 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

2 313 846 €

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

87 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

124 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

20 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

51 j

WCR and payment terms evolution
SUD EST ASSAINISSEMENT DU VAR

Positioning of SUD EST ASSAINISSEMENT DU VAR in its sector

Comparison with sector Collecte et traitement des eaux usées

Valuation estimate

Based on 84 transactions of similar company sales (all years), the value of SUD EST ASSAINISSEMENT DU VAR is estimated at 1 209 405 € (range 578 940€ - 3 697 313€). With an EBITDA of 313 399€, the sector multiple of 2.9x is applied. The price/revenue ratio is 0.11x (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 2024
84 tx
578k€ 1209k€ 3697k€
1 209 405 € Range: 578 940€ - 3 697 313€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
313 399 € × 2.9x
Estimation 893 385 €
183 972€ - 2 800 809€
Revenue Multiple 30%
16 336 109 € × 0.11x
Estimation 1 736 106 €
1 237 222€ - 5 191 488€
How is this estimate calculated?

This estimate is based on the analysis of 84 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 (Collecte et traitement des eaux usées)

Compare SUD EST ASSAINISSEMENT DU VAR with other companies in the same sector:

Voir toutes les statistiques du secteur Collecte et traitement des eaux usées

Frequently asked questions about SUD EST ASSAINISSEMENT DU VAR

What is the revenue of SUD EST ASSAINISSEMENT DU VAR ?

The revenue of SUD EST ASSAINISSEMENT DU VAR in 2024 is 16.3 M€.

Is SUD EST ASSAINISSEMENT DU VAR profitable?

SUD EST ASSAINISSEMENT DU VAR recorded a net loss in 2024.

Where is the headquarters of SUD EST ASSAINISSEMENT DU VAR ?

The headquarters of SUD EST ASSAINISSEMENT DU VAR is located in NICE (06200), in the department Alpes-Maritimes.

Where to find the tax return of SUD EST ASSAINISSEMENT DU VAR ?

The tax return of SUD EST ASSAINISSEMENT DU VAR 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 SUD EST ASSAINISSEMENT DU VAR operate?

SUD EST ASSAINISSEMENT DU VAR operates in the sector Collecte et traitement des eaux usées (NAF code 37.00Z). See the 'Sector positioning' section above to compare the company with its competitors.