WAVECREST COMMUNICATIONS FRANCE : revenue, balance sheet and financial ratios

WAVECREST COMMUNICATIONS FRANCE is a French company founded 30 years ago, specialized in the sector Autres activités de télécommunication . Based in LEVALLOIS-PERRET (92300), this company of category PME shows in 2023 a revenue of 21.2 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 - WAVECREST COMMUNICATIONS FRANCE (SIREN 402303515)
Indicator 2023 2022 2021 2020 2018 2017
Revenue 21 184 654 € 22 508 564 € 20 375 316 € 16 257 684 € 14 262 646 € 8 542 392 €
Net income 373 743 € 1 227 118 € 1 181 586 € 968 977 € 289 066 € 110 548 €
EBITDA 555 153 € 1 213 449 € 1 169 165 € 340 034 € 275 283 € 67 161 €
Net margin 1.8% 5.5% 5.8% 6.0% 2.0% 1.3%

Revenue and income statement

In 2023, WAVECREST COMMUNICATIONS FRANCE achieves revenue of 21.2 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +16.3%. Slight decline of -6% vs 2022. After deducting consumption (1 k€), gross margin stands at 21.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 555 k€, representing 2.6% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -54%, reducing margin by 2.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 374 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

21 184 654 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

21 183 608 €

EBITDA (2023) ?
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

555 153 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

382 706 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

373 743 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.6%

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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 13%. 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 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

13.095%

Financial autonomy (2023) ?
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

37.944%

Cash flow / Revenue (2023) ?
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

1.773%

Repayment capacity (2023) ?
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

0.586

Asset age ratio (2023) ?
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

53.2%

Solvency indicators evolution
WAVECREST COMMUNICATIONS FRANCE

Sector positioning

Debt ratio
13.1 2023
2021
2022
2023
Q1: 0.0
Med: 6.08
Q3: 55.66
Average

In 2023, the debt ratio of WAVECREST COMMUNICATIONS ... (13.10) 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
37.94% 2023
2021
2022
2023
Q1: 3.01%
Med: 26.09%
Q3: 50.42%
Good -13 pts over 3 years

In 2023, the financial autonomy of WAVECREST COMMUNICATIONS ... (37.9%) 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
0.59 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.1 years
Average +8 pts over 3 years

In 2023, the repayment capacity of WAVECREST COMMUNICATIONS ... (0.59) 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 183.25. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

183.254

Interest coverage (2023) ?
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

0.0

Liquidity indicators evolution
WAVECREST COMMUNICATIONS FRANCE

Sector positioning

Liquidity ratio
183.25 2023
2021
2022
2023
Q1: 103.16
Med: 163.31
Q3: 289.19
Good -16 pts over 3 years

In 2023, the liquidity ratio of WAVECREST COMMUNICATIONS ... (183.25) 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
0.0x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 2.97x
Average

In 2023, the interest coverage of WAVECREST COMMUNICATIONS ... (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Overall, WCR represents 56 days of revenue, i.e. 3.3 M€ to permanently finance. Over 2017-2023, WCR increased by +47%, requiring additional financing.

Operating WCR (2023) ?
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

3 318 576 €

Customer credit (2023) ?
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

29 j

Supplier credit (2023) ?
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

33 j

Inventory turnover (2023) ?
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

0 j

WCR in days of revenue (2023) ?
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

56 j

WCR and payment terms evolution
WAVECREST COMMUNICATIONS FRANCE

Positioning of WAVECREST COMMUNICATIONS FRANCE in its sector

Comparison with sector Autres activités de télécommunication

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of WAVECREST COMMUNICATIONS FRANCE is estimated at 1 039 733 € (range 556 489€ - 5 780 883€). With an EBITDA of 555 153€, 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.

Estimated enterprise value 2023
101 transactions
556k€ 1039k€ 5780k€
1 039 733 € Range: 556 489€ - 5 780 883€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
555 153 € × 0.6x
Estimation 309 114 €
88 389€ - 391 521€
Revenue Multiple 30%
21 184 654 € × 0.13x
Estimation 2 702 851 €
1 628 151€ - 17 785 568€
Net Income Multiple 20%
373 743 € × 1.0x
Estimation 371 610 €
119 246€ - 1 247 263€
How is this estimate calculated?

This estimate is based on the analysis of 101 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 (Autres activités de télécommunication )

Compare WAVECREST COMMUNICATIONS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités de télécommunication

Frequently asked questions about WAVECREST COMMUNICATIONS FRANCE

What is the revenue of WAVECREST COMMUNICATIONS FRANCE ?

The revenue of WAVECREST COMMUNICATIONS FRANCE in 2023 is 21.2 M€.

Is WAVECREST COMMUNICATIONS FRANCE profitable?

Yes, WAVECREST COMMUNICATIONS FRANCE generated a net profit of 374 k€ in 2023.

Where is the headquarters of WAVECREST COMMUNICATIONS FRANCE ?

The headquarters of WAVECREST COMMUNICATIONS FRANCE is located in LEVALLOIS-PERRET (92300), in the department Hauts-de-Seine.

Where to find the tax return of WAVECREST COMMUNICATIONS FRANCE ?

The tax return of WAVECREST COMMUNICATIONS 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 WAVECREST COMMUNICATIONS FRANCE operate?

WAVECREST COMMUNICATIONS FRANCE operates in the sector Autres activités de télécommunication (NAF code 61.90Z). See the 'Sector positioning' section above to compare the company with its competitors.