SIREN : 901050013
TURTLE SYSTEM is a French company founded 4 years ago, specialized in the sector Fabrication de verre creux. Based in BUXY (71390), this company of category PME shows in 2024 a revenue of 47 k€. 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
| Indicator | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 47 033 € | 63 125 € | 52 986 € |
| Net income | 190 € | 2 793 € | 12 810 € |
| EBITDA | 3 236 € | 5 030 € | 17 856 € |
| Net margin | 0.4% | 4.4% | 24.2% |
In 2024, TURTLE SYSTEM achieves revenue of 47 k€. Revenue is declining over the period 2022-2024 (CAGR: -5.8%). Significant drop of -25% vs 2023. After deducting consumption (22 k€), gross margin stands at 25 k€, i.e. a rate of 53%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3 k€, representing 6.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 190 €, i.e. 0.4% of revenue. This profit can be retained or distributed to shareholders.
47 033 €
24 980 €
3 236 €
811 €
190 €
6.9%
The debt ratio (= Financial debt / Equity x 100) stands at 91%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 41%. 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 5.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
91.024%
41.259%
6.361%
5.129
43.3%
In 2024, the debt ratio of TURTLE SYSTEM (91.02) 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.
In 2024, the financial autonomy of TURTLE SYSTEM (41.3%) 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 TURTLE SYSTEM (5.13) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 377.07. 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 19.1x. Operating income very largely covers interest expenses: high safety margin.
377.066
19.098
In 2024, the liquidity ratio of TURTLE SYSTEM (377.07) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of TURTLE SYSTEM (19.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The company must finance 13 days of gap between collections and payments. Inventory turnover is 116 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 101 days of revenue, i.e. 13 k€ to permanently finance. Over 2022-2024, WCR increased by +226%, requiring additional financing.
13 213 €
32 j
19 j
116 j
101 j
Based on 228 transactions of similar company sales (all years), the value of TURTLE SYSTEM is estimated at 4 369 € (range 2 042€ - 11 993€). With an EBITDA of 3 236€, the sector multiple of 1.5x 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.
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This estimate is based on the analysis of 228 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 TURTLE SYSTEM with other companies in the same sector:
Voir toutes les statistiques du secteur Fabrication de verre creux
The revenue of TURTLE SYSTEM in 2024 is 47 k€.
Yes, TURTLE SYSTEM generated a net profit of 190€ in 2024.
The headquarters of TURTLE SYSTEM is located in BUXY (71390), in the department Saone-et-Loire.
The tax return of TURTLE 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).
TURTLE SYSTEM operates in the sector Fabrication de verre creux (NAF code 23.13Z). See the 'Sector positioning' section above to compare the company with its competitors.