WORK IN PROGRESS PRODUCTION : revenue, balance sheet and financial ratios

WORK IN PROGRESS PRODUCTION is a French company founded 14 years ago, specialized in the sector Post-production de films cinématographiques, de vidéo et de programmes de télévision. Based in MASSY (91300), this company of category PME shows in 2022 a revenue of 180 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

Financial history - WORK IN PROGRESS PRODUCTION (SIREN 534976378)
Indicator 2022 2021 2016
Revenue 180 356 € 170 261 € 22 711 €
Net income 24 376 € 5 018 € 42 545 €
EBITDA 34 142 € 9 771 € -313 €
Net margin 13.5% 2.9% 187.3%

Revenue and income statement

In 2022, WORK IN PROGRESS PRODUCTION achieves revenue of 180 k€. Over the period 2016-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +41.2%. Vs 2021: +6%. After deducting consumption (0 €), gross margin stands at 180 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 34 k€, representing 18.9% of revenue. Positive scissor effect: EBITDA margin improves by +13.2 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 24 k€, i.e. 13.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

180 356 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

180 356 €

EBITDA (2022) ?
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

34 142 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

24 376 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

24 376 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

17.9%

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Chart evolution

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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 19%. 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 33%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.2% 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 (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

19.042%

Financial autonomy (2022) ?
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

33.246%

Cash flow / Revenue (2022) ?
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

17.208%

Repayment capacity (2022) ?
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

0.308

Asset age ratio (2022) ?
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

27.8%

Solvency indicators evolution
WORK IN PROGRESS PRODUCTION

Sector positioning

Debt ratio
19.04 2022
2016
2021
2022
Q1: 0.0
Med: 10.7
Q3: 64.74
Average +13 pts over 3 years

In 2022, the debt ratio of WORK IN PROGRESS PRODUCTION (19.04) 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
33.25% 2022
2016
2021
2022
Q1: 7.84%
Med: 35.34%
Q3: 61.11%
Average -27 pts over 3 years

In 2022, the financial autonomy of WORK IN PROGRESS PRODUCTION (33.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.31 years 2022
2016
2021
2022
Q1: 0.0 years
Med: 0.01 years
Q3: 1.26 years
Average +5 pts over 3 years

In 2022, the repayment capacity of WORK IN PROGRESS PRODUCTION (0.31) 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 141.66. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

141.664

Interest coverage (2022) ?
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
WORK IN PROGRESS PRODUCTION

Sector positioning

Liquidity ratio
141.66 2022
2016
2021
2022
Q1: 126.44
Med: 206.45
Q3: 371.51
Average -21 pts over 3 years

In 2022, the liquidity ratio of WORK IN PROGRESS PRODUCTION (141.66) 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.

Interest coverage
0.0x 2022
2016
2021
2022
Q1: 0.0x
Med: 0.0x
Q3: 1.77x
Average

In 2022, the interest coverage of WORK IN PROGRESS PRODUCTION (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: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 216 days. Excellent situation: suppliers finance 164 days of the operating cycle (retail model). Overall, WCR represents 32 days of revenue, i.e. 16 k€ to permanently finance. Over 2016-2022, WCR increased by +840%, requiring additional financing.

Operating WCR (2022) ?
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

16 209 €

Customer credit (2022) ?
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 (2022) ?
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

216 j

Inventory turnover (2022) ?
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 (2022) ?
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

32 j

WCR and payment terms evolution
WORK IN PROGRESS PRODUCTION

Positioning of WORK IN PROGRESS PRODUCTION in its sector

Comparison with sector Post-production de films cinématographiques, de vidéo et de programmes de télévision

Valuation estimate

Based on 88 transactions of similar company sales (all years), the value of WORK IN PROGRESS PRODUCTION is estimated at 49 808 € (range 26 621€ - 123 477€). With an EBITDA of 34 142€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.32x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
88 tx
26k€ 49k€ 123k€
49 808 € Range: 26 621€ - 123 477€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
34 142 € × 1.4x
Estimation 48 888 €
19 185€ - 129 957€
Revenue Multiple 30%
180 356 € × 0.32x
Estimation 58 184 €
43 007€ - 124 868€
Net Income Multiple 20%
24 376 € × 1.6x
Estimation 39 549 €
20 634€ - 105 194€
How is this estimate calculated?

This estimate is based on the analysis of 88 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 (Post-production de films cinématographiques, de vidéo et de programmes de télévision)

Compare WORK IN PROGRESS PRODUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Post-production de films cinématographiques, de vidéo et de programmes de télévision

Frequently asked questions about WORK IN PROGRESS PRODUCTION

What is the revenue of WORK IN PROGRESS PRODUCTION ?

The revenue of WORK IN PROGRESS PRODUCTION in 2022 is 180 k€.

Is WORK IN PROGRESS PRODUCTION profitable?

Yes, WORK IN PROGRESS PRODUCTION generated a net profit of 24 k€ in 2022.

Where is the headquarters of WORK IN PROGRESS PRODUCTION ?

The headquarters of WORK IN PROGRESS PRODUCTION is located in MASSY (91300), in the department Essonne.

Where to find the tax return of WORK IN PROGRESS PRODUCTION ?

The tax return of WORK IN PROGRESS PRODUCTION 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 WORK IN PROGRESS PRODUCTION operate?

WORK IN PROGRESS PRODUCTION operates in the sector Post-production de films cinématographiques, de vidéo et de programmes de télévision (NAF code 59.12Z). See the 'Sector positioning' section above to compare the company with its competitors.