SAS V.BERCIER-S.COSSEAU INVESTISSEMENTS : revenue, balance sheet and financial ratios

In 2025, SAS V.BERCIER-S.COSSEAU INVESTISSEMENTS achieves revenue of 228 k€. Revenue is growing positively over 4 years (CAGR: +0.1%). Vs 2024, growth of +52% (150 k€ -> 228 k€). After deducting consumption (0 €), gross margin stands at 228 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 187 €, representing 0.1% of revenue. Positive scissor effect: EBITDA margin improves by +52.3 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 15 k€, i.e. 6.5% of revenue. This profit can be retained or distributed to shareholders.

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 43%. 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 16.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 6.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 56.20. 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 864.2x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. The company must finance 30 days of gap between collections and payments. WCR is negative (-53 days): operations structurally generate cash. Notable WCR improvement over the period (-126%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 12 984€ to 146 233€ is provided for information purposes only and requires in-depth analysis to be confirmed.