BATH FOURNITURES : revenue, balance sheet and financial ratios

BATH FOURNITURES is a French company now closed founded 68 years ago, formerly specialized in the sector Fabrication d’autres meubles et industries connexes de l’ameublement. Based in SENILLE-SAINT-SAUVEUR (86100), this company of category PME shows in 2023 a revenue of 10.3 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 - BATH FOURNITURES (SIREN 825820376)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 10 286 566 € 11 076 272 € 11 857 370 € 9 664 281 € 10 315 142 € 10 095 652 € 12 937 114 € 10 404 687 €
Net income -886 156 € -533 617 € -456 288 € -515 729 € -751 902 € -1 640 907 € -1 490 934 € -559 855 €
EBITDA -843 826 € -843 059 € -1 164 735 € -702 828 € -1 208 318 € -1 863 054 € -1 987 845 € -862 447 €
Net margin -8.6% -4.8% -3.8% -5.3% -7.3% -16.3% -11.5% -5.4%

Revenue and income statement

In 2023, BATH FOURNITURES achieves revenue of 10.3 M€. Activity remains stable over the period (CAGR: -0.2%). Slight decline of -7% vs 2022. After deducting consumption (5.5 M€), gross margin stands at 4.7 M€, i.e. a rate of 46%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -844 k€, representing -8.2% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -886 k€ (-8.6% 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

10 286 566 €

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

4 739 569 €

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

-843 826 €

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

-464 947 €

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

-886 156 €

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

-8.2%

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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 -1%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -4%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-0.939%

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

-3.606%

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

-12.277%

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

-0.002

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

19.5%

Solvency indicators evolution
BATH FOURNITURES

Sector positioning

Debt ratio
-0.94 2023
2021
2022
2023
Q1: 1.59
Med: 25.32
Q3: 95.27
Excellent

In 2023, the debt ratio of BATH FOURNITURES (-0.94) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-3.61% 2023
2021
2022
2023
Q1: 8.56%
Med: 30.86%
Q3: 54.21%
Watch

In 2023, the financial autonomy of BATH FOURNITURES (-3.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.15 years
Q3: 1.79 years
Excellent

In 2023, the repayment capacity of BATH FOURNITURES (-0.00) 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 74.79. 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

74.793

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

-29.639

Liquidity indicators evolution
BATH FOURNITURES

Sector positioning

Liquidity ratio
74.79 2023
2021
2022
2023
Q1: 130.61
Med: 208.95
Q3: 343.51
Watch

In 2023, the liquidity ratio of BATH FOURNITURES (74.79) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-29.64x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 3.83x
Watch

In 2023, the interest coverage of BATH FOURNITURES (-29.6x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. The company must finance 13 days of gap between collections and payments. Inventory turnover is 123 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-38 days): operations structurally generate cash. Notable WCR improvement over the period (-193%), 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

-1 081 324 €

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

51 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

38 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

123 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

-38 j

WCR and payment terms evolution
BATH FOURNITURES

Positioning of BATH FOURNITURES in its sector

Comparison with sector Fabrication d’autres meubles et industries connexes de l’ameublement

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 1 740 153€ to 2 684 412€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
1740k€ 2208k€ 2684k€
2 208 750 € Range: 1 740 153€ - 2 684 412€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 40 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 (Fabrication d’autres meubles et industries connexes de l’ameublement)

Compare BATH FOURNITURES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d’autres meubles et industries connexes de l’ameublement

Frequently asked questions about BATH FOURNITURES

What is the revenue of BATH FOURNITURES ?

The revenue of BATH FOURNITURES in 2023 is 10.3 M€.

Is BATH FOURNITURES profitable?

BATH FOURNITURES recorded a net loss in 2023.

Where is the headquarters of BATH FOURNITURES ?

The headquarters of BATH FOURNITURES is located in SENILLE-SAINT-SAUVEUR (86100), in the department Vienne.

Where to find the tax return of BATH FOURNITURES ?

The tax return of BATH FOURNITURES 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 BATH FOURNITURES operate?

BATH FOURNITURES operates in the sector Fabrication d’autres meubles et industries connexes de l’ameublement (NAF code 31.09B). See the 'Sector positioning' section above to compare the company with its competitors.