Fire Protection
This page summarizes the published SME benchmark for this business type, including its disclosed market basis, so advisors and operators can cite a clear starting point before a full company-specific valuation.
Business type benchmark
Last published: 13 Apr 2026fresh · 51 days old≈ 6 min readEndpoint
Model-ready data package
Pull this sector's multiples together with country market data in one response. Use JSON for agents and apps, or CSV for Excel models and deal workpapers.
/api/benchmarks/v1/context?business_type_id=fire-protection&locale=enClassification
84.25
NACE Rev. 2 primary code. National statistical labels (e.g. SBI, NACE-BEL) describe how each country maps this activity.
Markets
Benelux aggregate
Published benchmark
13 Apr 2026
Published benchmark ranges
Sign up free to see P25, median, and P75 ranges and NACE codes. No credit card.
Sign up freeHow To Use This Benchmark
Use these ranges as a market reference, not as a substitute for a full valuation. Company quality, growth, concentration, recurring revenue, margin profile, and deal context still matter.
Pair This With The Right Valuation Method
These benchmark pages work best when they feed into a fuller valuation workflow on Upswitch. Start with the market range, then choose the method that fits the company.
Upswitch Index vs Damodaran
Both are useful — they answer different questions. Pick the right reference for the work.
Upswitch Index
Private-market, SME, by business type
- Benelux-native where the row proves local evidence
- By business type, disclosed market basis, citable vintages
- Free to use — no credit card
Damodaran
Listed equities, global, by sector
- Public-market companies, annual global cuts
- Broad sector buckets, not country-resolved
- Free academic resource
General SME valuation
How fire protection actually gets valued
The multiples above are a market anchor — not the valuation. What drives the outcome are sector-typical normalisations, value drivers and risk compressors.
Normalisation checklist
What reported EBITDA almost always distorts in this sector.
- Replace owner remuneration with a market-rate management charge for the same role.
- Strip non-recurring items: legal settlements, one-off bad debts, government grants outside the operating cycle.
- Re-classify capitalised maintenance back into operating expenses where it does not extend useful life.
- Adjust related-party rent, royalties and management fees to arm's-length levels.
- Recalculate depreciation on a maintenance-capex basis if the firm has been under-investing.
- Remove revenue tied to a single departing customer or owner relationship.
Value drivers
What typically lifts the multiple in this sector.
- Recurring contracted revenue with documented retention.
- Owner-independent operations: a manager-led team that runs without the founder.
- Diversified customer base where the top five represent under 30% of revenue.
- Documented processes, clean books, and a recent third-party audit or review.
Value killers
What compresses the multiple or kills the deal.
- Single-customer concentration above 25–30%.
- Owner-embedded sales: the founder closes every deal personally.
- Cash adjustments, family payroll and undocumented inter-company flows on the books.
- Stagnant or declining revenue with rising fixed costs.
Anonymised worked example
Illustrative — not a recommendation. Real valuations run through the Upswitch engine.
Take a typical owner-managed SME with €4.2M revenue and €620k reported EBITDA. After normalising owner remuneration to a market-rate manager (€140k all-in versus €60k taken historically), removing a one-off legal settlement of €45k, and adjusting related-party rent to market (uplift of €18k/year), normalised EBITDA settles at €557k. Applying a sector EV/EBITDA range of 4.5×–6.0× yields an enterprise value band of €2.5M–€3.3M; deducting €380k of net debt and adjusting for €120k of excess working capital produces an indicative equity value of €2.2M–€3.0M before deal-specific adjustments.
Frequently Asked Questions
Are these published numbers company-specific?
No. They are published market reference points for this business type in the country markets that Upswitch has evidence for. A real valuation still needs company-specific inputs and judgment.
Why do some business types show more than one metric?
Different sectors are often discussed with different market lenses. Upswitch shows the published metrics that are available for this business type.
Can I use this in a client conversation?
Yes. These pages are designed as citation-friendly starting points. For a client-ready report, use the full valuation workflow on Upswitch.
Is this database free to use?
Yes. The Upswitch Index publishes free SME valuation multiples (EV/EBITDA, EV/Revenue, and P/E) by business type. Benelux can be native-local where row evidence supports it; wider European market views are disclosed as beta, borrowed, aggregate, or compatibility coverage. Historical vintages and audit exports are on paid plans.
How does Upswitch Index compare to Damodaran?
Damodaran publishes annual global multiples for listed companies by broad sector — a gold standard for public markets. Upswitch Index publishes granular SME/private-company benchmark ranges by business type with row-level disclosure of whether evidence is native-local, borrowed, aggregate, or beta-stage. Both are useful; they answer different questions.
What is the source methodology behind these multiples?
Upswitch publishes only through row-level benchmark contracts. Evidence can include private-market observations, local filings or statistics, listed-comparable context, and macro calibration anchors, but source labels are used only when they actually contributed to the resolved benchmark. Full methodology is on the methodology page.
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Full valuation workflow — Upswitch
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