ZF ACTIVE SAFETY FRANCE : revenue, balance sheet and financial ratios

ZF ACTIVE SAFETY FRANCE is a French company founded 27 years ago, specialized in the sector Fabrication d'autres équipements automobiles. Based in BOUZONVILLE (57320), this company of category ETI shows in 2021 a revenue of 150.1 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 - ZF ACTIVE SAFETY FRANCE (SIREN 421627290)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 150 133 868 € 152 358 648 € 181 450 835 € 193 494 174 € 214 645 060 € 227 030 119 €
Net income -304 617 € 372 186 € -1 686 403 € -5 017 082 € 3 842 582 € 7 066 242 €
EBITDA 4 992 223 € 7 639 448 € 5 909 471 € 6 225 771 € 12 719 713 € 17 860 218 €
Net margin -0.2% 0.2% -0.9% -2.6% 1.8% 3.1%

Revenue and income statement

In 2021, ZF ACTIVE SAFETY FRANCE achieves revenue of 150.1 M€. Revenue is declining over the period 2016-2021 (CAGR: -7.9%). Slight decline of -1% vs 2020. After deducting consumption (100.7 M€), gross margin stands at 49.4 M€, i.e. a rate of 33%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.0 M€, representing 3.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -305 k€ (-0.2% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

150 133 868 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

49 410 019 €

EBITDA (2021) ?
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

4 992 223 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-317 466 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-304 617 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

3.3%

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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 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 62%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.374%

Financial autonomy (2021) ?
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

61.51%

Cash flow / Revenue (2021) ?
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

2.932%

Repayment capacity (2021) ?
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

0.054

Asset age ratio (2021) ?
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

17.1%

Solvency indicators evolution
ZF ACTIVE SAFETY FRANCE

Sector positioning

Debt ratio
0.37 2021
2019
2020
2021
Q1: 0.0
Med: 6.2
Q3: 68.14
Good

In 2021, the debt ratio of ZF ACTIVE SAFETY FRANCE (0.37) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
61.51% 2021
2019
2020
2021
Q1: 13.56%
Med: 38.62%
Q3: 58.52%
Excellent

In 2021, the financial autonomy of ZF ACTIVE SAFETY FRANCE (61.5%) 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
0.05 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.01 years
Q3: 1.57 years
Average

In 2021, the repayment capacity of ZF ACTIVE SAFETY FRANCE (0.05) 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 213.35. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2021) ?
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

213.347

Interest coverage (2021) ?
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

0.134

Liquidity indicators evolution
ZF ACTIVE SAFETY FRANCE

Sector positioning

Liquidity ratio
213.35 2021
2019
2020
2021
Q1: 120.2
Med: 185.23
Q3: 286.15
Good

In 2021, the liquidity ratio of ZF ACTIVE SAFETY FRANCE (213.35) 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
0.13x 2021
2019
2020
2021
Q1: -1.99x
Med: 0.05x
Q3: 2.51x
Good -24 pts over 3 years

In 2021, the interest coverage of ZF ACTIVE SAFETY FRANCE (0.1x) 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 61 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 132 days of revenue, i.e. 55.0 M€ to permanently finance. Notable WCR improvement over the period (-42%), freeing up cash.

Operating WCR (2021) ?
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

55 042 079 €

Customer credit (2021) ?
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

45 j

Supplier credit (2021) ?
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

61 j

Inventory turnover (2021) ?
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

21 j

WCR in days of revenue (2021) ?
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

132 j

WCR and payment terms evolution
ZF ACTIVE SAFETY FRANCE

Positioning of ZF ACTIVE SAFETY FRANCE in its sector

Comparison with sector Fabrication d'autres équipements automobiles

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 46 294 018€ to 100 916 987€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
46294k€ 80452k€ 100916k€
80 452 900 € Range: 46 294 018€ - 100 916 987€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 22 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 équipements automobiles)

Compare ZF ACTIVE SAFETY FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres équipements automobiles

Frequently asked questions about ZF ACTIVE SAFETY FRANCE

What is the revenue of ZF ACTIVE SAFETY FRANCE ?

The revenue of ZF ACTIVE SAFETY FRANCE in 2021 is 150.1 M€.

Is ZF ACTIVE SAFETY FRANCE profitable?

ZF ACTIVE SAFETY FRANCE recorded a net loss in 2021.

Where is the headquarters of ZF ACTIVE SAFETY FRANCE ?

The headquarters of ZF ACTIVE SAFETY FRANCE is located in BOUZONVILLE (57320), in the department Moselle.

Where to find the tax return of ZF ACTIVE SAFETY FRANCE ?

The tax return of ZF ACTIVE SAFETY 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 ZF ACTIVE SAFETY FRANCE operate?

ZF ACTIVE SAFETY FRANCE operates in the sector Fabrication d'autres équipements automobiles (NAF code 29.32Z). See the 'Sector positioning' section above to compare the company with its competitors.