BALLET CONSTRUCTIONS : revenue, balance sheet and financial ratios

BALLET CONSTRUCTIONS is a French company founded 30 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in NOIDANS-LES-VESOUL (70000), this company of category PME shows in 2021 a revenue of 2.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - BALLET CONSTRUCTIONS (SIREN 404924227)
Indicator 2021 2020 2019 2018 2017 2016 2015
Revenue 2 486 389 € 2 233 575 € 2 308 432 € 1 918 787 € 1 729 400 € 1 779 049 € 1 739 181 €
Net income 43 054 € 35 617 € 79 517 € 64 067 € 86 076 € 76 043 € 189 759 €
EBITDA 73 189 € 104 882 € 160 836 € 126 234 € 169 731 € 166 436 € 319 925 €
Net margin 1.7% 1.6% 3.4% 3.3% 5.0% 4.3% 10.9%

Revenue and income statement

In 2021, BALLET CONSTRUCTIONS achieves revenue of 2.5 M€. Over the period 2015-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +6.1%. Vs 2020, growth of +11% (2.2 M€ -> 2.5 M€). After deducting consumption (921 k€), gross margin stands at 1.6 M€, i.e. a rate of 63%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 73 k€, representing 2.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 43 k€, i.e. 1.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 486 389 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 565 370 €

EBITDA (2021) ?
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

73 189 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

41 461 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

43 054 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.9%

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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 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 49%. 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 4.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

46.227%

Financial autonomy (2021) ?
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

49.376%

Cash flow / Revenue (2021) ?
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

2.759%

Repayment capacity (2021) ?
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

4.551

Asset age ratio (2021) ?
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

24.9%

Solvency indicators evolution
BALLET CONSTRUCTIONS

Sector positioning

Debt ratio
46.23 2021
2019
2020
2021
Q1: 3.74
Med: 28.46
Q3: 84.34
Average -17 pts over 3 years

In 2021, the debt ratio of BALLET CONSTRUCTIONS (46.23) 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
49.38% 2021
2019
2020
2021
Q1: 17.83%
Med: 36.87%
Q3: 54.37%
Good +6 pts over 3 years

In 2021, the financial autonomy of BALLET CONSTRUCTIONS (49.4%) 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
4.55 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.39 years
Q3: 2.51 years
Average

In 2021, the repayment capacity of BALLET CONSTRUCTIONS (4.55) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 225.47. 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 4.6x. Financial charges are adequately covered by operations.

Liquidity ratio (2021) ?
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

225.472

Interest coverage (2021) ?
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

4.58

Liquidity indicators evolution
BALLET CONSTRUCTIONS

Sector positioning

Liquidity ratio
225.47 2021
2019
2020
2021
Q1: 157.08
Med: 214.85
Q3: 298.89
Good -10 pts over 3 years

In 2021, the liquidity ratio of BALLET CONSTRUCTIONS (225.47) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
4.58x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.36x
Q3: 2.5x
Excellent +14 pts over 3 years

In 2021, the interest coverage of BALLET CONSTRUCTIONS (4.6x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. The company must finance 27 days of gap between collections and payments. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 56 days of revenue, i.e. 385 k€ to permanently finance.

Operating WCR (2021) ?
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

384 794 €

Customer credit (2021) ?
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

61 j

Supplier credit (2021) ?
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

34 j

Inventory turnover (2021) ?
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

14 j

WCR in days of revenue (2021) ?
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

56 j

WCR and payment terms evolution
BALLET CONSTRUCTIONS

Positioning of BALLET CONSTRUCTIONS in its sector

Comparison with sector Travaux de menuiserie métallique et serrurerie

Valuation estimate

Based on 264 transactions of similar company sales (all years), the value of BALLET CONSTRUCTIONS is estimated at 233 970 € (range 109 527€ - 413 187€). With an EBITDA of 73 189€, the sector multiple of 2.1x is applied. The price/revenue ratio is 0.18x (conservative valuation). 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.

Estimated enterprise value 2021
264 transactions
109k€ 233k€ 413k€
233 970 € Range: 109 527€ - 413 187€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
73 189 € × 2.1x
Estimation 152 689 €
47 782€ - 286 296€
Revenue Multiple 30%
2 486 389 € × 0.18x
Estimation 437 419 €
257 276€ - 710 862€
Net Income Multiple 20%
43 054 € × 3.1x
Estimation 132 001 €
42 269€ - 283 904€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 264 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 (Travaux de menuiserie métallique et serrurerie)

Compare BALLET CONSTRUCTIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de menuiserie métallique et serrurerie

Frequently asked questions about BALLET CONSTRUCTIONS

What is the revenue of BALLET CONSTRUCTIONS ?

The revenue of BALLET CONSTRUCTIONS in 2021 is 2.5 M€.

Is BALLET CONSTRUCTIONS profitable?

Yes, BALLET CONSTRUCTIONS generated a net profit of 43 k€ in 2021.

Where is the headquarters of BALLET CONSTRUCTIONS ?

The headquarters of BALLET CONSTRUCTIONS is located in NOIDANS-LES-VESOUL (70000), in the department Haute-Saone.

Where to find the tax return of BALLET CONSTRUCTIONS ?

The tax return of BALLET CONSTRUCTIONS 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 BALLET CONSTRUCTIONS operate?

BALLET CONSTRUCTIONS operates in the sector Travaux de menuiserie métallique et serrurerie (NAF code 43.32B). See the 'Sector positioning' section above to compare the company with its competitors.