SYNCHRONE RECRUTEMENT : revenue, balance sheet and financial ratios

In 2024, SYNCHRONE RECRUTEMENT achieves revenue of 2.9 M€. Activity remains stable over the period (CAGR: -3.8%). Significant drop of -34% vs 2023. After deducting consumption (0 €), gross margin stands at 2.9 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 2.2 M€, representing 76.8% of revenue. Warning negative scissor effect: despite revenue change (-34%), EBITDA varies by -37%, reducing margin by 3.4 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 62.0% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 570%. 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 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.8 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 61.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 1444.44. 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 18.9x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 142 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 681 days. Excellent situation: suppliers finance 539 days of the operating cycle (retail model). Overall, WCR represents 1593 days of revenue, i.e. 12.7 M€ to permanently finance. Over 2016-2024, WCR increased by +70%, requiring additional financing.

Based on 147 transactions of similar company sales (all years), the value of SYNCHRONE RECRUTEMENT is estimated at 2 984 195 € (range 1 456 692€ - 6 909 375€). With an EBITDA of 2 203 886€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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.