WATTS INDUSTRIES FRANCE : revenue, balance sheet and financial ratios

WATTS INDUSTRIES FRANCE is a French company founded 19 years ago, specialized in the sector Fabrication d'autres articles de robinetterie. Based in SORGUES (84700), this company of category ETI shows in 2024 a revenue of 98.4 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 - WATTS INDUSTRIES FRANCE (SIREN 492813043)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 98 422 133 € 104 758 909 € 103 512 588 € 101 290 337 € 83 355 468 € 91 224 675 € 87 147 070 € 88 150 531 € 60 861 478 €
Net income 17 805 098 € 12 199 519 € 10 511 988 € 9 116 763 € 9 847 954 € 7 770 694 € 4 066 891 € 3 158 364 € 3 111 206 €
EBITDA 19 146 145 € 20 394 552 € 18 321 971 € 23 282 222 € 16 848 687 € 16 437 286 € 16 153 571 € 17 074 925 € 10 085 483 €
Net margin 18.1% 11.6% 10.2% 9.0% 11.8% 8.5% 4.7% 3.6% 5.1%

Revenue and income statement

In 2024, WATTS INDUSTRIES FRANCE achieves revenue of 98.4 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.2%. Slight decline of -6% vs 2023. After deducting consumption (51.2 M€), gross margin stands at 47.2 M€, i.e. a rate of 48%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 19.1 M€, representing 19.5% of 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 17.8 M€, i.e. 18.1% 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

98 422 133 €

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

47 249 823 €

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

19 146 145 €

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

15 764 679 €

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

17 805 098 €

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

19.4%

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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 1%. 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 73%. 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 18.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

0.833%

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

73.387%

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

18.635%

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

0.033

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

9.5%

Solvency indicators evolution
WATTS INDUSTRIES FRANCE

Sector positioning

Debt ratio
0.83 2024
2022
2023
2024
Q1: 1.41
Med: 11.15
Q3: 49.41
Excellent

In 2024, the debt ratio of WATTS INDUSTRIES FRANCE (0.83) 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.

Financial autonomy
73.39% 2024
2022
2023
2024
Q1: 33.0%
Med: 54.96%
Q3: 70.68%
Excellent

In 2024, the financial autonomy of WATTS INDUSTRIES FRANCE (73.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.03 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.28 years
Q3: 1.79 years
Good

In 2024, the repayment capacity of WATTS INDUSTRIES FRANCE (0.03) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 191.69. 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 3.0x. 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

191.686

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

2.965

Liquidity indicators evolution
WATTS INDUSTRIES FRANCE

Sector positioning

Liquidity ratio
191.69 2024
2022
2023
2024
Q1: 194.53
Med: 300.65
Q3: 399.48
Watch

In 2024, the liquidity ratio of WATTS INDUSTRIES FRANCE (191.69) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
2.96x 2024
2022
2023
2024
Q1: 0.02x
Med: 1.87x
Q3: 6.99x
Good

In 2024, the interest coverage of WATTS INDUSTRIES FRANCE (3.0x) 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: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 69 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 129 days of revenue, i.e. 35.2 M€ to permanently finance. Over 2016-2024, WCR increased by +254%, 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

35 153 433 €

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

52 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

69 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

46 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

129 j

WCR and payment terms evolution
WATTS INDUSTRIES FRANCE

Positioning of WATTS INDUSTRIES FRANCE in its sector

Comparison with sector Fabrication d'autres articles de robinetterie

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (37 transactions). This range of 10 760 572€ to 60 054 670€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
10760k€ 25082k€ 60054k€
25 082 964 € Range: 10 760 572€ - 60 054 670€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 37 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 (Fabrication d'autres articles de robinetterie)

Compare WATTS INDUSTRIES FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres articles de robinetterie

Frequently asked questions about WATTS INDUSTRIES FRANCE

What is the revenue of WATTS INDUSTRIES FRANCE ?

The revenue of WATTS INDUSTRIES FRANCE in 2024 is 98.4 M€.

Is WATTS INDUSTRIES FRANCE profitable?

Yes, WATTS INDUSTRIES FRANCE generated a net profit of 17.8 M€ in 2024.

Where is the headquarters of WATTS INDUSTRIES FRANCE ?

The headquarters of WATTS INDUSTRIES FRANCE is located in SORGUES (84700), in the department Vaucluse.

Where to find the tax return of WATTS INDUSTRIES FRANCE ?

The tax return of WATTS INDUSTRIES FRANCE 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 WATTS INDUSTRIES FRANCE operate?

WATTS INDUSTRIES FRANCE operates in the sector Fabrication d'autres articles de robinetterie (NAF code 28.14Z). See the 'Sector positioning' section above to compare the company with its competitors.