SIREN : 841893217
BELART is a French company founded 7 years ago, specialized in the sector Gestion de fonds. Based in SAINT-NAZAIRE (44600), this company of category PME shows in 2022 a revenue of 617 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
| Indicator | 2022 | 2020 |
|---|---|---|
| Revenue | 616 889 € | 374 318 € |
| Net income | -9 262 € | -24 100 € |
| EBITDA | 16 368 € | -19 699 € |
| Net margin | -1.5% | -6.4% |
In 2022, BELART achieves revenue of 617 k€. Vs 2020, growth of +65% (374 k€ -> 617 k€). After deducting consumption (223 k€), gross margin stands at 394 k€, i.e. a rate of 64%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16 k€, representing 2.7% of revenue. Positive scissor effect: EBITDA margin improves by +7.9 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -9 k€ (-1.5% of revenue), which will impact equity.
616 889 €
393 723 €
16 368 €
-4 775 €
-9 262 €
2.7%
The debt ratio (= Financial debt / Equity x 100) stands at 374%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 28.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
374.406%
16.905%
1.51%
28.856
50.6%
In 2022, the debt ratio of BELART (374.41) 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 2022, the financial autonomy of BELART (16.9%) 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 2022, the repayment capacity of BELART (28.86) 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 146.48. 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 24.4x. Operating income very largely covers interest expenses: high safety margin.
146.481
24.42
In 2022, the liquidity ratio of BELART (146.48) 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.
In 2022, the interest coverage of BELART (24.4x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-17 days): operations structurally generate cash.
-29 376 €
0 j
28 j
5 j
-17 j
Based on 109 transactions of similar company sales in 2022, the value of BELART is estimated at 173 454 € (range 95 765€ - 364 143€). With an EBITDA of 16 368€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.56x (in line with sector norms). 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.
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This estimate is based on the analysis of 109 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 BELART with other companies in the same sector:
The revenue of BELART in 2022 is 617 k€.
BELART recorded a net loss in 2022.
The headquarters of BELART is located in SAINT-NAZAIRE (44600), in the department Loire-Atlantique.
The tax return of BELART 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).
BELART operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.