BALLANDE FRANCE ET ASSOCIE - BFA : revenue, balance sheet and financial ratios

BALLANDE FRANCE ET ASSOCIE - BFA is a French company founded 36 years ago, specialized in the sector Activités des sièges sociaux. Based in BRUGES (33520), this company of category ETI shows in 2023 a revenue of 4.4 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 - BALLANDE FRANCE ET ASSOCIE - BFA (SIREN 353892797)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 4 362 401 € 3 610 181 € 3 012 175 € 2 323 715 € 3 026 608 € 3 017 840 € 2 944 053 € 3 045 774 €
Net income -2 216 293 € -1 247 372 € 97 318 € 1 298 734 € 557 296 € 858 988 € 1 348 569 € 1 991 419 €
EBITDA -1 579 078 € -197 716 € -189 477 € -129 051 € -267 794 € -537 746 € -150 145 € -168 395 €
Net margin -50.8% -34.6% 3.2% 55.9% 18.4% 28.5% 45.8% 65.4%

Revenue and income statement

In 2023, BALLANDE FRANCE ET ASSOCIE - BFA achieves revenue of 4.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.3%. Vs 2022, growth of +21% (3.6 M€ -> 4.4 M€). After deducting consumption (189 €), gross margin stands at 4.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.6 M€, representing -36.2% of revenue. Warning negative scissor effect: despite revenue change (+21%), EBITDA varies by -699%, reducing margin by 30.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.2 M€ (-50.8% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 362 401 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 362 212 €

EBITDA (2023) ?
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

-1 579 078 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-1 893 557 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-2 216 293 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-36.2%

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Chart evolution

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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 33%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 74%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

33.186%

Financial autonomy (2023) ?
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

73.582%

Cash flow / Revenue (2023) ?
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

-23.969%

Repayment capacity (2023) ?
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

-21.623

Asset age ratio (2023) ?
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

83.8%

Solvency indicators evolution
BALLANDE FRANCE ET ASSOCIE - BFA

Sector positioning

Debt ratio
33.19 2023
2021
2022
2023
Q1: 0.15
Med: 18.69
Q3: 101.54
Average

In 2023, the debt ratio of BALLANDE FRANCE ET ASSOCI... (33.19) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
73.58% 2023
2021
2022
2023
Q1: 13.72%
Med: 51.34%
Q3: 84.19%
Good +8 pts over 3 years

In 2023, the financial autonomy of BALLANDE FRANCE ET ASSOCI... (73.6%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
-21.62 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 3.83 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of BALLANDE FRANCE ET ASSOCI... (-21.62) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 2205.65. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

2205.648

Interest coverage (2023) ?
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

-193.976

Liquidity indicators evolution
BALLANDE FRANCE ET ASSOCIE - BFA

Sector positioning

Liquidity ratio
2205.65 2023
2021
2022
2023
Q1: 110.3
Med: 414.17
Q3: 1926.34
Excellent

In 2023, the liquidity ratio of BALLANDE FRANCE ET ASSOCI... (2205.65) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-193.98x 2023
2021
2022
2023
Q1: -38.61x
Med: 0.0x
Q3: 2.71x
Average

In 2023, the interest coverage of BALLANDE FRANCE ET ASSOCI... (-194.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 185 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 104 days. The gap of 81 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 3148 days of revenue, i.e. 38.2 M€ to permanently finance. Notable WCR improvement over the period (-54%), freeing up cash.

Operating WCR (2023) ?
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

38 152 512 €

Customer credit (2023) ?
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

185 j

Supplier credit (2023) ?
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

104 j

Inventory turnover (2023) ?
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

0 j

WCR in days of revenue (2023) ?
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

3148 j

WCR and payment terms evolution
BALLANDE FRANCE ET ASSOCIE - BFA

Positioning of BALLANDE FRANCE ET ASSOCIE - BFA in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 89 transactions of similar company sales in 2023, the value of BALLANDE FRANCE ET ASSOCIE - BFA is estimated at 2 284 057 € (range 934 340€ - 4 047 900€). The price/revenue ratio is 0.52x (in line with sector norms). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
89 tx
934k€ 2284k€ 4047k€
2 284 057 € Range: 934 340€ - 4 047 900€
NAF 5 année 2023

Valuation method used

Revenue Multiple
4 362 401 € × 0.52x = 2 284 057 €
Range: 934 341€ - 4 047 901€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 89 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 (Activités des sièges sociaux)

Compare BALLANDE FRANCE ET ASSOCIE - BFA with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about BALLANDE FRANCE ET ASSOCIE - BFA

What is the revenue of BALLANDE FRANCE ET ASSOCIE - BFA ?

The revenue of BALLANDE FRANCE ET ASSOCIE - BFA in 2023 is 4.4 M€.

Is BALLANDE FRANCE ET ASSOCIE - BFA profitable?

BALLANDE FRANCE ET ASSOCIE - BFA recorded a net loss in 2023.

Where is the headquarters of BALLANDE FRANCE ET ASSOCIE - BFA ?

The headquarters of BALLANDE FRANCE ET ASSOCIE - BFA is located in BRUGES (33520), in the department Gironde.

Where to find the tax return of BALLANDE FRANCE ET ASSOCIE - BFA ?

The tax return of BALLANDE FRANCE ET ASSOCIE - BFA 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 BALLANDE FRANCE ET ASSOCIE - BFA operate?

BALLANDE FRANCE ET ASSOCIE - BFA operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.