B.C.M. ETUDES RECHERCHES EN INFORMATIQUE : revenue, balance sheet and financial ratios

B.C.M. ETUDES RECHERCHES EN INFORMATIQUE is a French company founded 41 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in ANGLET (64600), this company of category PME shows in 2025 a revenue of 773 k€. 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 - B.C.M. ETUDES RECHERCHES EN INFORMATIQUE (SIREN 330274846)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 773 159 € N/C 768 595 € N/C 655 223 € 645 448 € 799 582 € 700 250 € 694 541 € 714 123 €
Net income -15 323 € -4 255 € 40 069 € 17 024 € 26 422 € 22 464 € 96 576 € 22 264 € 32 164 € 50 852 €
EBITDA -113 304 € N/C 49 364 € N/C -1 890 € 24 999 € 140 078 € 32 354 € 75 228 € 73 982 €
Net margin -2.0% N/C 5.2% N/C 4.0% 3.5% 12.1% 3.2% 4.6% 7.1%

Revenue and income statement

In 2025, B.C.M. ETUDES RECHERCHES EN INFORMATIQUE achieves revenue of 773 k€. Revenue is growing positively over 10 years (CAGR: +0.9%). After deducting consumption (126 k€), gross margin stands at 648 k€, i.e. a rate of 84%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -113 k€, representing -14.7% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -15 k€ (-2.0% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

773 159 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

647 606 €

EBITDA (2025) ?
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

-113 304 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-119 236 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-15 323 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.7%

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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 7%. 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 64%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

7.281%

Financial autonomy (2025) ?
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

64.022%

Cash flow / Revenue (2025) ?
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

-14.729%

Repayment capacity (2025) ?
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

-0.006

Asset age ratio (2025) ?
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

4.2%

Solvency indicators evolution
B.C.M. ETUDES RECHERCHES EN INFORMATIQUE

Sector positioning

Debt ratio
7.28 2025
2023
2024
2025
Q1: 0.0
Med: 4.75
Q3: 28.97
Average

In 2025, the debt ratio of B.C.M. ETUDES RECHERCHES ... (7.28) 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
64.02% 2025
2023
2024
2025
Q1: 9.04%
Med: 36.0%
Q3: 63.27%
Excellent +14 pts over 3 years

In 2025, the financial autonomy of B.C.M. ETUDES RECHERCHES ... (64.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-0.01 years 2025
2023
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 0.43 years
Excellent -46 pts over 2 years

In 2025, the repayment capacity of B.C.M. ETUDES RECHERCHES ... (-0.01) 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 163.24. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

163.236

Interest coverage (2025) ?
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

-0.276

Liquidity indicators evolution
B.C.M. ETUDES RECHERCHES EN INFORMATIQUE

Sector positioning

Liquidity ratio
163.24 2025
2023
2024
2025
Q1: 158.37
Med: 261.69
Q3: 503.25
Average -34 pts over 3 years

In 2025, the liquidity ratio of B.C.M. ETUDES RECHERCHES ... (163.24) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-0.28x 2025
2023
2025
Q1: 0.0x
Med: 0.0x
Q3: 1.07x
Average -35 pts over 2 years

In 2025, the interest coverage of B.C.M. ETUDES RECHERCHES ... (-0.3x) 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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. Favorable situation: supplier credit is longer than customer credit by 3 days. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 68 days of revenue, i.e. 146 k€ to permanently finance. Over 2016-2025, WCR increased by +39%, requiring additional financing.

Operating WCR (2025) ?
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

146 475 €

Customer credit (2025) ?
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

27 j

Supplier credit (2025) ?
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

30 j

Inventory turnover (2025) ?
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

3 j

WCR in days of revenue (2025) ?
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

68 j

WCR and payment terms evolution
B.C.M. ETUDES RECHERCHES EN INFORMATIQUE

Positioning of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE in its sector

Comparison with sector Conseil en systèmes et logiciels informatiques

Valuation estimate

Based on 215 transactions of similar company sales (all years), the value of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE is estimated at 124 102 € (range 66 568€ - 226 692€). The price/revenue ratio is 0.16x (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 2025
215 transactions
66k€ 124k€ 226k€
124 102 € Range: 66 568€ - 226 692€
NAF 5 all-time

Valuation method used

Revenue Multiple
773 159 € × 0.16x = 124 103 €
Range: 66 569€ - 226 693€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 215 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 (Conseil en systèmes et logiciels informatiques)

Compare B.C.M. ETUDES RECHERCHES EN INFORMATIQUE with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques

Frequently asked questions about B.C.M. ETUDES RECHERCHES EN INFORMATIQUE

What is the revenue of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE ?

The revenue of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE in 2025 is 773 k€.

Is B.C.M. ETUDES RECHERCHES EN INFORMATIQUE profitable?

B.C.M. ETUDES RECHERCHES EN INFORMATIQUE recorded a net loss in 2025.

Where is the headquarters of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE ?

The headquarters of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE is located in ANGLET (64600), in the department Pyrenees-Atlantiques.

Where to find the tax return of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE ?

The tax return of B.C.M. ETUDES RECHERCHES EN INFORMATIQUE 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 B.C.M. ETUDES RECHERCHES EN INFORMATIQUE operate?

B.C.M. ETUDES RECHERCHES EN INFORMATIQUE operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.