ZAYO INFRASTRUCTURE FRANCE S.A. : revenue, balance sheet and financial ratios

ZAYO INFRASTRUCTURE FRANCE S.A. is a French company founded 28 years ago, specialized in the sector Télécommunications filaires. Based in PARIS (75002), this company of category PME shows in 2023 a revenue of 41.9 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 - ZAYO INFRASTRUCTURE FRANCE S.A. (SIREN 413567132)
Indicator 2023 2022 2021 2020 2020 2019 2018 2017
Revenue 41 877 510 € 40 567 824 € 47 867 349 € 5 482 736 € 2 521 753 € 6 736 708 € 7 193 714 € 7 842 613 €
Net income -11 387 160 € -9 435 949 € -266 687 € -12 310 556 € -6 535 845 € -10 252 206 € -10 568 663 € 69 202 273 €
EBITDA 10 507 232 € 10 696 585 € 12 332 281 € 629 487 € -133 181 € 2 423 448 € 1 745 747 € -1 640 974 €
Net margin -27.2% -23.3% -0.6% -224.5% -259.2% -152.2% -146.9% 882.4%

Revenue and income statement

In 2023, ZAYO INFRASTRUCTURE FRANCE S.A. achieves revenue of 41.9 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +32.2%. Vs 2022: +3%. After deducting consumption (53 k€), gross margin stands at 41.8 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 10.5 M€, representing 25.1% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -11.4 M€ (-27.2% of revenue), which will impact equity.

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

41 877 510 €

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

41 824 925 €

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

10 507 232 €

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

-9 286 305 €

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

-11 387 160 €

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

25.1%

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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 97%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 17.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. 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.

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

96.646%

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

35.16%

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

6.362%

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

17.635

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

27.9%

Solvency indicators evolution
ZAYO INFRASTRUCTURE FRANCE S.A.

Sector positioning

Debt ratio
96.65 2023
2021
2022
2023
Q1: 0.0
Med: 4.93
Q3: 68.11
Average +17 pts over 3 years

In 2023, the debt ratio of ZAYO INFRASTRUCTURE FRANC... (96.65) 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
35.16% 2023
2021
2022
2023
Q1: 3.63%
Med: 28.35%
Q3: 55.51%
Good -20 pts over 3 years

In 2023, the financial autonomy of ZAYO INFRASTRUCTURE FRANC... (35.2%) 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
17.64 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.08 years
Q3: 2.64 years
Watch

In 2023, the repayment capacity of ZAYO INFRASTRUCTURE FRANC... (17.64) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 67.71. 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 22.9x. Operating income very largely covers interest expenses: high safety margin.

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

67.712

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

22.888

Liquidity indicators evolution
ZAYO INFRASTRUCTURE FRANCE S.A.

Sector positioning

Liquidity ratio
67.71 2023
2021
2022
2023
Q1: 109.46
Med: 184.51
Q3: 301.07
Watch -37 pts over 3 years

In 2023, the liquidity ratio of ZAYO INFRASTRUCTURE FRANC... (67.71) 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
22.89x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.48x
Q3: 8.93x
Excellent

In 2023, the interest coverage of ZAYO INFRASTRUCTURE FRANC... (22.9x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 152 days. Excellent situation: suppliers finance 96 days of the operating cycle (retail model). WCR is negative (-88 days): operations structurally generate cash. Notable WCR improvement over the period (-1685%), freeing up cash.

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

-10 192 567 €

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

56 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

152 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

-88 j

WCR and payment terms evolution
ZAYO INFRASTRUCTURE FRANCE S.A.

Positioning of ZAYO INFRASTRUCTURE FRANCE S.A. in its sector

Comparison with sector Télécommunications filaires

Valuation estimate

Based on 125 transactions of similar company sales (all years), the value of ZAYO INFRASTRUCTURE FRANCE S.A. is estimated at 11 519 684 € (range 8 961 073€ - 14 243 534€). 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.

Estimated enterprise value 2023
125 transactions
8961k€ 11519k€ 14243k€
11 519 684 € Range: 8 961 073€ - 14 243 534€
NAF 5 all-time

Valuation method used

Revenue Multiple
41 877 510 € × 0.28x = 11 519 685 €
Range: 8 961 074€ - 14 243 534€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 125 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 (Télécommunications filaires)

Compare ZAYO INFRASTRUCTURE FRANCE S.A. with other companies in the same sector:

Voir toutes les statistiques du secteur Télécommunications filaires

Frequently asked questions about ZAYO INFRASTRUCTURE FRANCE S.A.

What is the revenue of ZAYO INFRASTRUCTURE FRANCE S.A. ?

The revenue of ZAYO INFRASTRUCTURE FRANCE S.A. in 2023 is 41.9 M€.

Is ZAYO INFRASTRUCTURE FRANCE S.A. profitable?

ZAYO INFRASTRUCTURE FRANCE S.A. recorded a net loss in 2023.

Where is the headquarters of ZAYO INFRASTRUCTURE FRANCE S.A. ?

The headquarters of ZAYO INFRASTRUCTURE FRANCE S.A. is located in PARIS (75002), in the department Paris.

Where to find the tax return of ZAYO INFRASTRUCTURE FRANCE S.A. ?

The tax return of ZAYO INFRASTRUCTURE FRANCE S.A. 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 ZAYO INFRASTRUCTURE FRANCE S.A. operate?

ZAYO INFRASTRUCTURE FRANCE S.A. operates in the sector Télécommunications filaires (NAF code 61.10Z). See the 'Sector positioning' section above to compare the company with its competitors.