BERNARD PAGES : revenue, balance sheet and financial ratios

BERNARD PAGES is a French company founded 70 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de minerais et métaux. Based in LABEGE (31670), this company of category GE shows in 2024 a revenue of 121.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-08-08

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

Synthèse

Santé financière : Sous tension

Point(s) de vigilance : exercice déficitaire.

In summary, BERNARD PAGES is currently loss-making, which weighs on its accounts. Its financial structure is fragile, with debt above sector norms — a point to monitor.

Financial history - BERNARD PAGES (SIREN 560800401)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 121 386 666 € 128 629 698 € 125 743 071 € 91 349 236 € 99 807 683 € 98 540 172 € 96 036 008 € 77 336 825 €
Net income -772 495 € -2 344 558 € 4 469 517 € 4 863 841 € 1 317 570 € 1 976 867 € 2 020 139 € 1 916 368 €
EBITDA 586 102 € -671 576 € 12 025 016 € 3 485 938 € 3 308 598 € 3 018 986 € 2 669 656 € 1 376 908 €
Net margin -0.6% -1.8% 3.6% 5.3% 1.3% 2.0% 2.1% 2.5%

Revenue and income statement

In 2024, BERNARD PAGES achieves revenue of 121.4 M€. Revenue is growing positively over 8 years (CAGR: +4.0%). Slight decline of -6% vs 2023. After deducting consumption (88.6 M€), gross margin stands at 32.8 M€, i.e. a rate of 27%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 586 k€, representing 0.5% of revenue. This ratio is slightly less favorable than the sector median (2.5%). Net income is negative at -772 k€ (-0.6% of revenue), which will impact equity.

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

121 386 666 €

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

32 797 712 €

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

586 102 €

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

-637 737 €

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

-772 495 €

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

0.5%

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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 104%. This ratio is less favorable than the sector median (11.2%) and warrants attention. Financial autonomy (= Equity / Total assets x 100) reaches 24%. This ratio is less favorable than the sector median (52.6%) and warrants attention.

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

103.82%

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

23.56%

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

-0.52%

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

-7.19

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

23.4%

Solvency indicators evolution
BERNARD PAGES

Sector positioning

Debt ratio
103.82% 2024
Q1: 0.03%
Med: 11.16%
Q3: 49.32%
Watch +9 pts over 3 years

In 2024, the debt ratio of BERNARD PAGES (103.8%) 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
23.56% 2024
Q1: 30.68%
Med: 52.64%
Q3: 71.55%
Watch -18 pts over 3 years

In 2024, the financial autonomy of BERNARD PAGES (23.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
0.61 years 2021
Q1: 0.0 years
Med: 0.47 years
Q3: 1.97 years
Average

In 2021, the repayment capacity of BERNARD PAGES (0.61) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1.34. This ratio is less favorable than the sector median (2.7) and warrants attention. The interest coverage ratio (= EBIT / Interest expenses) is 44.2x. Compared with its sector, this ratio places the company among the best positioned (sector median: 1.4x).

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

1.34

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

44.23

Liquidity indicators evolution
BERNARD PAGES

Sector positioning

Liquidity ratio
1.34 2024
Q1: 1.7
Med: 2.72
Q3: 4.37
Watch -9 pts over 3 years

In 2024, the liquidity ratio of BERNARD PAGES (1.34) 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.

Interest coverage
44.23x 2024
Q1: 0.0x
Med: 1.44x
Q3: 11.8x
Excellent +49 pts over 3 years

In 2024, the interest coverage of BERNARD PAGES (44.2x) 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: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 48 days. The company must finance 2 days of gap between collections and payments. Inventory turnover is 43 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 80 days of revenue, i.e. 27.1 M€ to permanently finance. Between 2020 and 2024, WCR improved by 26 days of revenue, freeing up cash.

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

27 098 359 €

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

50 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

48 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

43 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

80 j

WCR and payment terms evolution
BERNARD PAGES

Positioning of BERNARD PAGES in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de minerais et métaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (23 transactions). This range of 5 656 006€ to 11 337 038€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
5656k€ 9508k€ 11337k€
9 508 425 € Range: 5 656 006€ - 11 337 038€
NAF 5 all-time

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 23 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 (Commerce de gros (commerce interentreprises) de minerais et métaux)

Compare BERNARD PAGES with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de minerais et métaux

Top companies in Commerce de gros (commerce interentreprises) de minerais et métaux

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) de minerais et métaux:

Top companies in Haute-Garonne

Largest companies by revenue in the department Haute-Garonne:

Voir le classement complet du département Haute-Garonne

Frequently asked questions about BERNARD PAGES

What is the revenue of BERNARD PAGES ?

The revenue of BERNARD PAGES in 2024 is 121.4 M€.

Is BERNARD PAGES profitable?

BERNARD PAGES recorded a net loss in 2024.

Where is the headquarters of BERNARD PAGES ?

The headquarters of BERNARD PAGES is located in LABEGE (31670), in the department Haute-Garonne.

Where to find the tax return of BERNARD PAGES ?

The tax return of BERNARD PAGES 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 BERNARD PAGES operate?

BERNARD PAGES operates in the sector Commerce de gros (commerce interentreprises) de minerais et métaux (NAF code 46.72Z). See the 'Sector positioning' section above to compare the company with its competitors.