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Add Home 1A
€70,000
total amount raised in round
5 days
remaining
- Eligible for a tax reduction
BUSINESS MODEL
The business model and recurring revenue of Add Home BV are divided into 3 categories:
- Sales of products (+/-88% of recurring revenue).
- Rental of products (+/-2% of recurring revenue).
- "Reselling" of products & services (+/-10% of recurring revenue).
TRACK RECORD
Addhome group (Add Home BV) achieved a total revenue of 4.025M Euro in 2022, which is an increase of +/-6% compared to 2021. The total revenue for 2023 forecasts an increase in total revenue of +/-9% with an EBITDA of +/-549k Euro.
The financial year 2023 was an extended financial year running from 01/01/2023 to 31/04/2024. The forecast included in the table above have been normalized to 12 months.
Between 2019 & 2023, Addhome group achieved a recurring revenue of EUR 12.709k Euro and a total revenue of 14.003k Euro. Between 2019 & 2023, Addhome group achieved EUR 1.295k Euro other &/or non-recurring revenue.
A small benchmark shows, based on information acquired via TrendsTop, that Addhome group's EBITDA margin in 2022 and 2023 is in line with various Belgian sectors:
- Median "metal processing, metal fabrication":
- 2020: 10%.
- 2021: 9%.
- 2022: 9%.
- 2023: 7%.
- Median "containers, manufacturing, repair, sales and rental":
- 2020: 9%.
- 2021: 9%.
- 2022: 14%.
- 2023: not available.
- Median "construction companies, construction companies, contractors":
- 2020: 10%.
- 2021: 9%.
- 2022: 9%
- 2023: 7%.
At the end of 2023, Addhome group has an order book of EUR 8.342k. Between 2019 and 2023, a signed revenue of €21.052k was achieved, of which €12.709k has already been invoiced to Addhome group customers.
PRE-MONEY CAP TABLE
The shareholders of Add Home BV are the following pre-money, mid-2024:
- 50.0% BVC BV (Basiel Van Cauwenberge).
- 50.0% Center of Gravity BV (Gert-Jan Plaisier).
USE OF FUNDS
Since a huge shift towards residential construction (abbreviated as MXX) has taken place in recent months, there is a need for financing due to the longer delivery times, longer payment terms & lower advance payments.
An advance payment of 40% is received with the other models (M1-M5), a later payment of advance payments applies for residential construction. The image below shows the invoicing method per product.
An advance payment of 40% is received with the other models (M1-M5), a later payment of advance payments applies for residential construction. The image below shows the invoicing method per product.
CAPITAL INCREASE
The capital increase will be invested in 2024 & 2025 for:
- Human capital:
- Production Manager & Warehouser have already been recruited in Q1 2024.
- Budget post-money: +/-60k Euro (training and integration within Addhome group).
- Structural support of the working capital need resulting from the shit towards residential construction.
- Post-money budget: 150k - 400k Euro.
- CAPEX investments in automation/construction industrialization.
- Post-money budget: 290k - 540k Euro.
FINANCIAL PLAN
In the post-money financial plan, based on a capital increase of 500k Euro, the total revenue by 2030 is budgeted at EUR 25.895k Euro with an EBITDA margin of 18%.
Without a capital increase, organic growth, the total revenue in 2030 is budgeted at 11.711k Euro. The budgeted total revenue without capital increase, organic growth, and post-money based on a capital increase of 500k Euro are visualized in the figure below for the financial years 2024 to 2030.
PRE-MONEY VALUATION
The pre-money valuation of 4,225k Euro is determined by the following parameters & variables:
- EBITDA 2025: 1.135k Euro.
- Capital increase 2024: 500k Euro.
- Net financial debt 2025: 436k Euro.
- EBITDA exit multiple 2025: 6,00 (based on the Vlerick M&A monitor 2023).
- Cost of equity: 20%/year.
TAX SHELTER 25%
Investments in this company benefit from a 25% personal income tax reduction. Read more…A remaining amount of €930,000 is available for the Tax Shelter benefit.
Fact sheet
Advised by a professional start-up advisor | |
Valuation is set by the co-investor or incubator | |
Co-investor or incubator will be members or observers to the board | |
At the closing, an incubator, accelerator, or studio will have shares | |
At the closing, the entrepreneurs have contributed a minimum of €15,000 in cash in exchange for shares | |
Raised €10,000 during a private phase | |
At the closing, a professional co-investor will have invested at least €25,000 | |
Prior fundraising in equity or convertible loan with 10 or more investors | |
Seasoned entrepreneurs | |
Minimum 2 active entrepreneurs | |
Valuation set by an organisation specialized in valuations of comparable size | |
Valuation is less than €1 million or 10x last year’s turnover |
Raise summary
Crowd investments | €70,000 |
Committed by others | €0 |
Amount raised | €70,000 |
Minimum round | €25,000 |
Maximum round | €1,000,000 |
Shares in the company (total round) | 19.139% |
Pre-money valuation | €4,225,000 |
Post-money valuation min. | €4,250,000 |
Post-money valuation max. | €5,225,000 |