TERMINAL DES FLANDRES : revenue, balance sheet and financial ratios

In 2024, TERMINAL DES FLANDRES achieves revenue of 55.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.0%. Vs 2023, growth of +10% (50.6 M€ -> 55.9 M€). After deducting consumption (0 €), gross margin stands at 55.9 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 55.8 M€, representing 99.9% of revenue. Positive scissor effect: EBITDA margin improves by +77.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.2 M€, i.e. 9.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 18%. 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 55%. 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 350746.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high.

The liquidity ratio (= Current assets / Current liabilities) stands at 218.62. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The gap of 57 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 20 days of revenue, i.e. 3.0 M€ to permanently finance. Over 2016-2024, WCR increased by +126%, requiring additional financing.

Based on 205 transactions of similar company sales (all years), the value of TERMINAL DES FLANDRES is estimated at 29 183 035 € (range 11 043 815€ - 70 110 120€). With an EBITDA of 55 832 315€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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.