BCE 06 - DOUCET ET KORHEL : revenue, balance sheet and financial ratios

BCE 06 - DOUCET ET KORHEL is a French company founded 25 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in NICE (06200), this company of category PME shows in 2020 a revenue of 83 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - BCE 06 - DOUCET ET KORHEL (SIREN 431870393)
Indicator 2020 2019 2018 2017 2016
Revenue 83 151 € 423 950 € 840 583 € 767 732 € 617 060 €
Net income -22 836 € 771 € 428 € 8 721 € 37 350 €
EBITDA -20 660 € -50 754 € -14 136 € 18 357 € 54 065 €
Net margin -27.5% 0.2% 0.1% 1.1% 6.1%

Revenue and income statement

In 2020, BCE 06 - DOUCET ET KORHEL achieves revenue of 83 k€. Revenue is declining over the period 2016-2020 (CAGR: -39.4%). Significant drop of -80% vs 2019. After deducting consumption (0 €), gross margin stands at 83 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 -21 k€, representing -24.8% of revenue. Warning negative scissor effect: despite revenue change (-80%), EBITDA varies by +59%, reducing margin by 12.9 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -23 k€ (-27.5% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

83 151 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

83 151 €

EBITDA (2020) ?
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

-20 660 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-20 661 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-22 836 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-24.8%

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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 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 67%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

31.96%

Financial autonomy (2020) ?
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

66.7%

Cash flow / Revenue (2020) ?
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

-27.463%

Repayment capacity (2020) ?
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

-4.261

Solvency indicators evolution
BCE 06 - DOUCET ET KORHEL

Sector positioning

Debt ratio
31.96 2020
2018
2019
2020
Q1: 0.05
Med: 14.85
Q3: 75.1
Average

In 2020, the debt ratio of BCE 06 - DOUCET ET KORHEL (31.96) 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
66.7% 2020
2018
2019
2020
Q1: 17.11%
Med: 45.63%
Q3: 71.56%
Good +41 pts over 3 years

In 2020, the financial autonomy of BCE 06 - DOUCET ET KORHEL (66.7%) 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
-4.26 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.11 years
Q3: 2.33 years
Excellent

In 2020, the repayment capacity of BCE 06 - DOUCET ET KORHEL (-4.26) 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 679.53. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

679.532

Interest coverage (2020) ?
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

-10.528

Liquidity indicators evolution
BCE 06 - DOUCET ET KORHEL

Sector positioning

Liquidity ratio
679.53 2020
2018
2019
2020
Q1: 121.74
Med: 223.76
Q3: 459.53
Excellent +48 pts over 3 years

In 2020, the liquidity ratio of BCE 06 - DOUCET ET KORHEL (679.53) 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
-10.53x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 2.02x
Average

In 2020, the interest coverage of BCE 06 - DOUCET ET KORHEL (-10.5x) 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: 17 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 99 days. Excellent situation: suppliers finance 82 days of the operating cycle (retail model). Overall, WCR represents 1464 days of revenue, i.e. 338 k€ to permanently finance.

Operating WCR (2020) ?
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

338 214 €

Customer credit (2020) ?
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

17 j

Supplier credit (2020) ?
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

99 j

Inventory turnover (2020) ?
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 (2020) ?
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

1464 j

WCR and payment terms evolution
BCE 06 - DOUCET ET KORHEL

Positioning of BCE 06 - DOUCET ET KORHEL in its sector

Comparison with sector Activités des agents et courtiers d'assurances

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (20 transactions). This range of 14 330€ to 45 978€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2020
Indicative
14k€ 26k€ 45k€
26 222 € Range: 14 330€ - 45 978€
NAF 5 année 2020

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 20 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 agents et courtiers d'assurances)

Compare BCE 06 - DOUCET ET KORHEL with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances

Frequently asked questions about BCE 06 - DOUCET ET KORHEL

What is the revenue of BCE 06 - DOUCET ET KORHEL ?

The revenue of BCE 06 - DOUCET ET KORHEL in 2020 is 83 k€.

Is BCE 06 - DOUCET ET KORHEL profitable?

BCE 06 - DOUCET ET KORHEL recorded a net loss in 2020.

Where is the headquarters of BCE 06 - DOUCET ET KORHEL ?

The headquarters of BCE 06 - DOUCET ET KORHEL is located in NICE (06200), in the department Alpes-Maritimes.

Where to find the tax return of BCE 06 - DOUCET ET KORHEL ?

The tax return of BCE 06 - DOUCET ET KORHEL 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 BCE 06 - DOUCET ET KORHEL operate?

BCE 06 - DOUCET ET KORHEL operates in the sector Activités des agents et courtiers d'assurances (NAF code 66.22Z). See the 'Sector positioning' section above to compare the company with its competitors.