BENTLEY SYSTEMS FRANCE : revenue, balance sheet and financial ratios

BENTLEY SYSTEMS FRANCE is a French company founded 31 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in PARIS (75012), this company of category PME shows in 2024 a revenue of 12.6 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 - BENTLEY SYSTEMS FRANCE (SIREN 399137132)
Indicator 2024 2023 2021 2019 2018 2017 2016
Revenue 12 555 068 € 8 425 565 € 5 706 346 € 6 343 433 € 6 524 172 € 5 784 373 € 5 928 683 €
Net income 404 369 € 345 908 € 266 370 € 197 370 € 363 185 € 375 603 € 445 759 €
EBITDA 1 917 950 € 777 197 € -294 107 € 255 929 € 275 657 € 665 595 € 634 207 €
Net margin 3.2% 4.1% 4.7% 3.1% 5.6% 6.5% 7.5%

Revenue and income statement

In 2024, BENTLEY SYSTEMS FRANCE achieves revenue of 12.6 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.8%. Vs 2023, growth of +49% (8.4 M€ -> 12.6 M€). After deducting consumption (0 €), gross margin stands at 12.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.9 M€, representing 15.3% of revenue. Positive scissor effect: EBITDA margin improves by +6.1 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 404 k€, i.e. 3.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

12 555 068 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

12 555 068 €

EBITDA (2024) ?
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

1 917 950 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

948 437 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

404 369 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

15.3%

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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 255%. 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 20%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

255.383%

Financial autonomy (2024) ?
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

19.559%

Cash flow / Revenue (2024) ?
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

2.755%

Repayment capacity (2024) ?
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

11.503

Asset age ratio (2024) ?
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

40.5%

Solvency indicators evolution
BENTLEY SYSTEMS FRANCE

Sector positioning

Debt ratio
255.38 2024
2021
2023
2024
Q1: 0.0
Med: 3.93
Q3: 32.58
Watch

In 2024, the debt ratio of BENTLEY SYSTEMS FRANCE (255.38) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
19.56% 2024
2021
2023
2024
Q1: 7.97%
Med: 34.38%
Q3: 62.44%
Average

In 2024, the financial autonomy of BENTLEY SYSTEMS FRANCE (19.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
11.5 years 2024
2021
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.5 years
Watch +50 pts over 3 years

In 2024, the repayment capacity of BENTLEY SYSTEMS FRANCE (11.50) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 324.68. 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 8.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

324.677

Interest coverage (2024) ?
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

8.776

Liquidity indicators evolution
BENTLEY SYSTEMS FRANCE

Sector positioning

Liquidity ratio
324.68 2024
2021
2023
2024
Q1: 141.9
Med: 230.48
Q3: 460.89
Good

In 2024, the liquidity ratio of BENTLEY SYSTEMS FRANCE (324.68) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
8.78x 2024
2021
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.04x
Excellent +50 pts over 3 years

In 2024, the interest coverage of BENTLEY SYSTEMS FRANCE (8.8x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 7 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 21 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Overall, WCR represents 151 days of revenue, i.e. 5.3 M€ to permanently finance. Over 2016-2024, WCR increased by +1133%, requiring additional financing.

Operating WCR (2024) ?
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

5 254 547 €

Customer credit (2024) ?
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

7 j

Supplier credit (2024) ?
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

21 j

Inventory turnover (2024) ?
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 (2024) ?
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

151 j

WCR and payment terms evolution
BENTLEY SYSTEMS FRANCE

Positioning of BENTLEY SYSTEMS FRANCE 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 BENTLEY SYSTEMS FRANCE is estimated at 1 660 469 € (range 729 602€ - 5 593 592€). With an EBITDA of 1 917 950€, the sector multiple of 1.0x is applied. 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 2024
215 transactions
729k€ 1660k€ 5593k€
1 660 469 € Range: 729 602€ - 5 593 592€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 917 950 € × 1.0x
Estimation 1 873 164 €
707 501€ - 8 277 985€
Revenue Multiple 30%
12 555 068 € × 0.16x
Estimation 2 015 260 €
1 080 986€ - 3 681 183€
Net Income Multiple 20%
404 369 € × 1.5x
Estimation 596 546 €
257 781€ - 1 751 227€

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 BENTLEY SYSTEMS FRANCE with other companies in the same sector:

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

Frequently asked questions about BENTLEY SYSTEMS FRANCE

What is the revenue of BENTLEY SYSTEMS FRANCE ?

The revenue of BENTLEY SYSTEMS FRANCE in 2024 is 12.6 M€.

Is BENTLEY SYSTEMS FRANCE profitable?

Yes, BENTLEY SYSTEMS FRANCE generated a net profit of 404 k€ in 2024.

Where is the headquarters of BENTLEY SYSTEMS FRANCE ?

The headquarters of BENTLEY SYSTEMS FRANCE is located in PARIS (75012), in the department Paris.

Where to find the tax return of BENTLEY SYSTEMS FRANCE ?

The tax return of BENTLEY SYSTEMS FRANCE 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 BENTLEY SYSTEMS FRANCE operate?

BENTLEY SYSTEMS FRANCE 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.