SIREN : 421333709
SYSTEM is a French company founded 27 years ago, specialized in the sector Fabrication de structures métalliques et de parties de structures. Based in SAINT-LIN (79420), this company of category PME shows in 2024 a revenue of 2.8 M€. 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 785 190 € | 2 877 234 € | 3 345 143 € | 1 637 173 € | 1 749 722 € | 3 343 938 € | 3 755 925 € | 1 694 568 € | 2 134 334 € |
| Net income | 159 760 € | 18 588 € | 13 134 € | 11 273 € | -301 081 € | 184 629 € | 48 344 € | 22 050 € | 21 088 € |
| EBITDA | 207 917 € | 56 639 € | 45 061 € | 63 625 € | -243 648 € | 300 262 € | 129 199 € | 103 591 € | 103 816 € |
| Net margin | 5.7% | 0.6% | 0.4% | 0.7% | -17.2% | 5.5% | 1.3% | 1.3% | 1.0% |
In 2024, SYSTEM achieves revenue of 2.8 M€. Revenue is growing positively over 9 years (CAGR: +3.4%). Slight decline of -3% vs 2023. After deducting consumption (537 k€), gross margin stands at 2.2 M€, i.e. a rate of 81%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 208 k€, representing 7.5% of revenue. Positive scissor effect: EBITDA margin improves by +5.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 160 k€, i.e. 5.7% of revenue. This profit can be retained or distributed to shareholders.
2 785 190 €
2 247 989 €
207 917 €
171 898 €
159 760 €
7.5%
The debt ratio (= Financial debt / Equity x 100) stands at 27%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
26.666%
42.902%
7.069%
0.795
17.7%
In 2024, the debt ratio of SYSTEM (26.67) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of SYSTEM (42.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of SYSTEM (0.80) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 256.13. 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 3.4x. Financial charges are adequately covered by operations.
256.128
3.429
In 2024, the liquidity ratio of SYSTEM (256.13) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2024, the interest coverage of SYSTEM (3.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 58 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. Inventory turnover is 23 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 49 days of revenue, i.e. 381 k€ to permanently finance. Notable WCR improvement over the period (-46%), freeing up cash.
381 125 €
58 j
58 j
23 j
49 j
Based on 56 transactions of similar company sales
(all years),
the value of SYSTEM is estimated at
276 545 €
(range 170 443€ - 609 278€).
With an EBITDA of 207 917€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.13x
(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.
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This estimate is based on the analysis of 56 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare SYSTEM with other companies in the same sector:
The revenue of SYSTEM in 2024 is 2.8 M€.
Yes, SYSTEM generated a net profit of 160 k€ in 2024.
The headquarters of SYSTEM is located in SAINT-LIN (79420), in the department Deux-Sevres.
The tax return of SYSTEM 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).
SYSTEM operates in the sector Fabrication de structures métalliques et de parties de structures (NAF code 25.11Z). See the 'Sector positioning' section above to compare the company with its competitors.