SIREN : 394689970
WATERS is a French company founded 32 years ago, specialized in the sector Réparation de matériels électroniques et optiques. Based in GUYANCOURT (78280), this company of category ETI shows in 2024 a revenue of 152.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 152 629 780 € | 151 320 748 € | 136 828 623 € | 125 098 986 € | 114 132 961 € | 113 610 175 € | 110 022 706 € | 109 273 380 € | 107 646 510 € |
| Net income | 7 597 464 € | 3 993 172 € | 3 675 705 € | 4 317 503 € | 3 646 017 € | 2 411 331 € | 2 581 432 € | 3 821 577 € | 2 296 634 € |
| EBITDA | 7 690 442 € | 9 776 427 € | 10 072 166 € | 8 973 642 € | 7 454 851 € | 6 142 656 € | 5 683 282 € | 6 362 190 € | 4 412 129 € |
| Net margin | 5.0% | 2.6% | 2.7% | 3.5% | 3.2% | 2.1% | 2.3% | 3.5% | 2.1% |
In 2024, WATERS achieves revenue of 152.6 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Vs 2023: +1%. After deducting consumption (67.6 M€), gross margin stands at 85.1 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 7.7 M€, representing 5.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 7.6 M€, i.e. 5.0% of revenue. This profit can be retained or distributed to shareholders.
152 629 780 €
85 070 375 €
7 690 442 €
10 052 472 €
7 597 464 €
5.0%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 49%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
0.053%
48.752%
3.238%
0.003
15.0%
In 2024, the debt ratio of WATERS (0.05) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of WATERS (48.8%) 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 WATERS (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 243.19. 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 0.8x. Danger: operating income does not cover interest charges, unsustainable situation.
243.194
0.764
In 2024, the liquidity ratio of WATERS (243.19) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of WATERS (0.8x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 55 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 37 days. The company must finance 18 days of gap between collections and payments. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 98 days of revenue, i.e. 41.6 M€ to permanently finance. Over 2016-2024, WCR increased by +73%, requiring additional financing.
41 562 615 €
55 j
37 j
31 j
98 j
Based on 197 transactions of similar company sales (all years), the value of WATERS is estimated at 25 414 556 € (range 10 807 183€ - 54 588 832€). With an EBITDA of 7 690 442€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.28x (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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 197 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 WATERS with other companies in the same sector:
Voir toutes les statistiques du secteur Réparation de matériels électroniques et optiques
The revenue of WATERS in 2024 is 152.6 M€.
Yes, WATERS generated a net profit of 7.6 M€ in 2024.
The headquarters of WATERS is located in GUYANCOURT (78280), in the department Yvelines.
The tax return of WATERS 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).
WATERS operates in the sector Réparation de matériels électroniques et optiques (NAF code 33.13Z). See the 'Sector positioning' section above to compare the company with its competitors.