SIREN : 438765083
BATHELEC is a French company founded 25 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in SAINT-DENIS (93200), this company of category PME shows in 2023 a revenue of 16.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 773 537 € | 14 153 329 € | N/C | N/C | N/C | 988 461 € | 2 818 990 € | 4 065 122 € |
| Net income | 212 604 € | 324 873 € | 179 331 € | 7 700 € | -3 908 € | -234 844 € | -430 112 € | 34 534 € |
| EBITDA | 567 341 € | 496 469 € | N/C | N/C | N/C | -1 270 572 € | -507 115 € | 102 751 € |
| Net margin | 1.3% | 2.3% | N/C | N/C | N/C | -23.8% | -15.3% | 0.8% |
In 2023, BATHELEC achieves revenue of 16.8 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +22.4%. Vs 2022, growth of +19% (14.2 M€ -> 16.8 M€). After deducting consumption (4.2 M€), gross margin stands at 12.6 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 567 k€, representing 3.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 213 k€, i.e. 1.3% of revenue. This profit can be retained or distributed to shareholders.
16 773 537 €
12 581 060 €
567 341 €
524 162 €
212 604 €
3.4%
The debt ratio (= Financial debt / Equity x 100) stands at 131%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
131.308%
8.899%
1.424%
1.547
45.1%
In 2023, the debt ratio of BATHELEC (131.31) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2023, the financial autonomy of BATHELEC (8.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2023, the repayment capacity of BATHELEC (1.55) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 105.89. 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 12.9x. Operating income very largely covers interest expenses: high safety margin.
105.89
12.942
In 2023, the liquidity ratio of BATHELEC (105.89) 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.
In 2023, the interest coverage of BATHELEC (12.9x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 136 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 93 days. The gap of 43 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 89 days of revenue, i.e. 4.1 M€ to permanently finance. Over 2016-2023, WCR increased by +382%, requiring additional financing.
4 141 219 €
136 j
93 j
8 j
89 j
Indicative estimate only : the number of comparable transactions in this sector is limited (25 transactions). This range of 727 671€ to 2 933 780€ is provided for information purposes only and requires in-depth analysis to be confirmed.
This estimate is based on the analysis of 25 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare BATHELEC with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux
The revenue of BATHELEC in 2023 is 16.8 M€.
Yes, BATHELEC generated a net profit of 213 k€ in 2023.
The headquarters of BATHELEC is located in SAINT-DENIS (93200), in the department Seine-Saint-Denis.
The tax return of BATHELEC 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).
BATHELEC operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.