TERRASSEMENTS CORSES TERRACO : revenue, balance sheet and financial ratios

TERRASSEMENTS CORSES TERRACO is a French company founded 31 years ago, specialized in the sector Construction de routes et autoroutes. Based in PENTA-DI-CASINCA (20213), this company of category ETI shows in 2024 a revenue of 41.1 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 - TERRASSEMENTS CORSES TERRACO (SIREN 397996349)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 41 128 700 € 42 395 691 € 33 921 819 € 28 907 676 € 20 634 207 € 18 088 180 € 17 607 087 € 18 971 251 € 20 866 999 €
Net income 997 719 € 1 702 340 € 1 355 874 € 1 293 957 € 1 064 420 € 700 482 € 1 085 178 € 832 222 € 669 460 €
EBITDA 1 139 138 € 1 119 195 € 1 740 857 € 1 355 169 € 1 387 214 € 1 017 986 € 1 194 325 € 911 853 € 795 816 €
Net margin 2.4% 4.0% 4.0% 4.5% 5.2% 3.9% 6.2% 4.4% 3.2%

Revenue and income statement

In 2024, TERRASSEMENTS CORSES TERRACO achieves revenue of 41.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.9%. Slight decline of -3% vs 2023. After deducting consumption (8.8 M€), gross margin stands at 32.4 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 2.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 998 k€, i.e. 2.4% of revenue. This profit can be retained or distributed to shareholders.

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

41 128 700 €

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

32 368 465 €

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

1 139 138 €

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

1 109 265 €

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

997 719 €

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

2.8%

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.3% 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

43.173%

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

35.197%

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

2.287%

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

2.988

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

46.8%

Solvency indicators evolution
TERRASSEMENTS CORSES TERRACO

Sector positioning

Debt ratio
43.17 2024
2022
2023
2024
Q1: 1.71
Med: 21.57
Q3: 63.35
Average +12 pts over 3 years

In 2024, the debt ratio of TERRASSEMENTS CORSES TERRACO (43.17) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
35.2% 2024
2022
2023
2024
Q1: 14.32%
Med: 33.76%
Q3: 51.7%
Good

In 2024, the financial autonomy of TERRASSEMENTS CORSES TERRACO (35.2%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
2.99 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.34 years
Q3: 1.88 years
Average +6 pts over 3 years

In 2024, the repayment capacity of TERRASSEMENTS CORSES TERRACO (2.99) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 196.32. 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 3.3x. Financial charges are adequately covered by operations.

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

196.316

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

3.308

Liquidity indicators evolution
TERRASSEMENTS CORSES TERRACO

Sector positioning

Liquidity ratio
196.32 2024
2022
2023
2024
Q1: 140.21
Med: 183.24
Q3: 251.75
Good

In 2024, the liquidity ratio of TERRASSEMENTS CORSES TERRACO (196.32) 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
3.31x 2024
2022
2023
2024
Q1: -0.03x
Med: 0.84x
Q3: 6.64x
Good +8 pts over 3 years

In 2024, the interest coverage of TERRASSEMENTS CORSES TERRACO (3.3x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 81 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. The company must finance 19 days of gap between collections and payments. Inventory turnover is 35 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 119 days of revenue, i.e. 13.6 M€ to permanently finance. Over 2016-2024, WCR increased by +147%, 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

13 623 059 €

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

81 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

62 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

35 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

119 j

WCR and payment terms evolution
TERRASSEMENTS CORSES TERRACO

Positioning of TERRASSEMENTS CORSES TERRACO in its sector

Comparison with sector Construction de routes et autoroutes

Valuation estimate

Based on 67 transactions of similar company sales (all years), the value of TERRASSEMENTS CORSES TERRACO is estimated at 2 046 791 € (range 1 293 136€ - 4 985 532€). With an EBITDA of 1 139 138€, the sector multiple of 0.6x 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.

Estimated enterprise value 2024
67 tx
1293k€ 2046k€ 4985k€
2 046 791 € Range: 1 293 136€ - 4 985 532€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 139 138 € × 0.6x
Estimation 641 564 €
312 822€ - 2 936 817€
Revenue Multiple 30%
41 128 700 € × 0.13x
Estimation 5 546 763 €
3 686 525€ - 10 574 638€
Net Income Multiple 20%
997 719 € × 0.3x
Estimation 309 902 €
153 839€ - 1 723 662€
How is this estimate calculated?

This estimate is based on the analysis of 67 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 (Construction de routes et autoroutes)

Compare TERRASSEMENTS CORSES TERRACO with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de routes et autoroutes

Frequently asked questions about TERRASSEMENTS CORSES TERRACO

What is the revenue of TERRASSEMENTS CORSES TERRACO ?

The revenue of TERRASSEMENTS CORSES TERRACO in 2024 is 41.1 M€.

Is TERRASSEMENTS CORSES TERRACO profitable?

Yes, TERRASSEMENTS CORSES TERRACO generated a net profit of 998 k€ in 2024.

Where is the headquarters of TERRASSEMENTS CORSES TERRACO ?

The headquarters of TERRASSEMENTS CORSES TERRACO is located in PENTA-DI-CASINCA (20213).

Where to find the tax return of TERRASSEMENTS CORSES TERRACO ?

The tax return of TERRASSEMENTS CORSES TERRACO 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 TERRASSEMENTS CORSES TERRACO operate?

TERRASSEMENTS CORSES TERRACO operates in the sector Construction de routes et autoroutes (NAF code 42.11Z). See the 'Sector positioning' section above to compare the company with its competitors.