TORCOL- FOUARD HOLDING : revenue, balance sheet and financial ratios

In 2025, TORCOL- FOUARD HOLDING achieves revenue of 623 k€. Activity remains stable over the period (CAGR: -0.4%). Slight decline of -6% vs 2024. After deducting consumption (0 €), gross margin stands at 623 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 147 k€, representing 23.6% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -32%, reducing margin by 8.9 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 961 k€, i.e. 154.3% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 8%. 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 83%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 165.0% 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 218.51. 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: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. The gap of 36 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 713 days of revenue, i.e. 1.2 M€ to permanently finance. Notable WCR improvement over the period (-43%), freeing up cash.

Based on 170 transactions of similar company sales (all years), the value of TORCOL- FOUARD HOLDING is estimated at 2 626 079 € (range 1 627 225€ - 4 136 730€). With an EBITDA of 146 949€, the sector multiple of 6.8x is applied. The price/revenue ratio is 0.71x (in line with sector norms). 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.