SAS IDEN HOLDING with a capital of 300 K € was created in December 1986 in San Francisco (8th district). The structure achieved a turnover of 319 K € for the 2018-2019 financial year (closing at the end of September).
IDEN HOLDING is the parent company of a family group of companies. It is owned by Mr. and Mrs. LEGOUT as well as their son.
The group specializes in the construction of luxury real estate in France. It intervenes only on their construction, and not on their marketing.
The group wishes to strengthen its cash flow (already in surplus) by 350 K € in order to be able to take the lead on its future projects, in particular the construction of 6 villas.
The need is total and immediate.
This project was the subject of a specific study linked to the current health situation, in particular on the government measures from which the company was able to benefit, and on the evolution of its activity during confinement.
IDEN HOLDING's sales in September 2019 increased significantly. It reached 319.4 K € against 51.1 K € previously. It mainly consists of services invoiced to its subsidiaries.
Thanks to this low level of expenses, EBITDA came to 255.8 K € and represented 80% of turnover.
Financial income, which corresponds to dividends received from subsidiaries, amounts to € 166,000. As of September 2018, they were € 1,205,000. The CFO tells us that over the 2019-2020 fiscal year, they should be around 122 K €.
The net profit at the end of the year came to 245 K € (76.7% of turnover) against 1,224.5 K € previously.
In the absence of an outflow of dividends, shareholders' equity is € 2,917.8 thousand and represents 74.8% of the total balance sheet. The medium-long term debt is zero.
Net cash, at the end of the 2018-2019 financial year, was € 409,000. At the end of August 2020, it was 206 K €. Note that most of the cash is carried by the main subsidiary.