SYSTEME D'ENCAISSEMENT ET DE GESTION : revenue, balance sheet and financial ratios

SYSTEME D'ENCAISSEMENT ET DE GESTION is a French company founded 22 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau . Based in LAGORD (17140), this company of category PME shows in 2025 a revenue of 3.6 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 - SYSTEME D'ENCAISSEMENT ET DE GESTION (SIREN 450193875)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 3 609 460 € 3 619 783 € 3 909 532 € 3 302 834 € 2 169 030 € 2 252 343 € 3 758 399 € 3 116 845 € 2 233 536 €
Net income 1 611 € 87 564 € 159 788 € 98 757 € 34 833 € 30 752 € 172 791 € 62 316 € 66 913 €
EBITDA -16 757 € 171 283 € 277 760 € 131 624 € 74 629 € 66 986 € 257 162 € 78 101 € 86 478 €
Net margin 0.0% 2.4% 4.1% 3.0% 1.6% 1.4% 4.6% 2.0% 3.0%

Revenue and income statement

In 2025, SYSTEME D'ENCAISSEMENT ET DE GESTION achieves revenue of 3.6 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +6.2%. Slight decline of -0% vs 2024. After deducting consumption (1.3 M€), gross margin stands at 2.3 M€, i.e. a rate of 63%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -17 k€, representing -0.5% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -110%, reducing margin by 5.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2 k€, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 609 460 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 279 827 €

EBITDA (2025) ?
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

-16 757 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

38 770 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 611 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.5%

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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 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 40%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

48.993%

Financial autonomy (2025) ?
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

40.026%

Cash flow / Revenue (2025) ?
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

-1.244%

Repayment capacity (2025) ?
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

-7.416

Asset age ratio (2025) ?
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

12.2%

Solvency indicators evolution
SYSTEME D'ENCAISSEMENT ET DE GESTION

Sector positioning

Debt ratio
48.99 2025
2023
2024
2025
Q1: 2.28
Med: 10.53
Q3: 34.56
Watch +14 pts over 3 years

In 2025, the debt ratio of SYSTEME D'ENCAISSEMENT ET... (48.99) 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
40.03% 2025
2023
2024
2025
Q1: 29.4%
Med: 43.87%
Q3: 61.93%
Average -8 pts over 3 years

In 2025, the financial autonomy of SYSTEME D'ENCAISSEMENT ET... (40.0%) 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
-7.42 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.33 years
Q3: 1.2 years
Excellent -46 pts over 3 years

In 2025, the repayment capacity of SYSTEME D'ENCAISSEMENT ET... (-7.42) 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 223.13. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

223.129

Interest coverage (2025) ?
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

-14.83

Liquidity indicators evolution
SYSTEME D'ENCAISSEMENT ET DE GESTION

Sector positioning

Liquidity ratio
223.13 2025
2023
2024
2025
Q1: 154.63
Med: 210.63
Q3: 298.4
Good +7 pts over 3 years

In 2025, the liquidity ratio of SYSTEME D'ENCAISSEMENT ET... (223.13) 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.

Interest coverage
-14.83x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.46x
Q3: 4.01x
Watch -48 pts over 3 years

In 2025, the interest coverage of SYSTEME D'ENCAISSEMENT ET... (-14.8x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 26 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 37 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Inventory turnover is 102 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 96 days of revenue, i.e. 967 k€ to permanently finance. Over 2017-2025, WCR increased by +173%, requiring additional financing.

Operating WCR (2025) ?
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

967 010 €

Customer credit (2025) ?
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

26 j

Supplier credit (2025) ?
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

37 j

Inventory turnover (2025) ?
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

102 j

WCR in days of revenue (2025) ?
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

96 j

WCR and payment terms evolution
SYSTEME D'ENCAISSEMENT ET DE GESTION

Positioning of SYSTEME D'ENCAISSEMENT ET DE GESTION in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of SYSTEME D'ENCAISSEMENT ET DE GESTION is estimated at 737 925 € (range 737 771€ - 739 005€). The price/revenue ratio is 0.34x (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 2025
73 tx
737k€ 737k€ 739k€
737 925 € Range: 737 771€ - 739 005€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
3 609 460 € × 0.34x
Estimation 1 228 634 €
1 228 634€ - 1 228 634€
Net Income Multiple 20%
1 611 € × 1.2x
Estimation 1 863 €
1 478€ - 4 563€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 73 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'autres machines et équipements de bureau )

Compare SYSTEME D'ENCAISSEMENT ET DE GESTION with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau

Frequently asked questions about SYSTEME D'ENCAISSEMENT ET DE GESTION

What is the revenue of SYSTEME D'ENCAISSEMENT ET DE GESTION ?

The revenue of SYSTEME D'ENCAISSEMENT ET DE GESTION in 2025 is 3.6 M€.

Is SYSTEME D'ENCAISSEMENT ET DE GESTION profitable?

Yes, SYSTEME D'ENCAISSEMENT ET DE GESTION generated a net profit of 2 k€ in 2025.

Where is the headquarters of SYSTEME D'ENCAISSEMENT ET DE GESTION ?

The headquarters of SYSTEME D'ENCAISSEMENT ET DE GESTION is located in LAGORD (17140), in the department Charente-Maritime.

Where to find the tax return of SYSTEME D'ENCAISSEMENT ET DE GESTION ?

The tax return of SYSTEME D'ENCAISSEMENT ET DE GESTION 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 SYSTEME D'ENCAISSEMENT ET DE GESTION operate?

SYSTEME D'ENCAISSEMENT ET DE GESTION operates in the sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau (NAF code 46.66Z). See the 'Sector positioning' section above to compare the company with its competitors.