BERNARD PIECES AUTOMOBILES : revenue, balance sheet and financial ratios

BERNARD PIECES AUTOMOBILES is a French company founded 44 years ago, specialized in the sector Commerce de gros d'équipements automobiles. Based in MIGNALOUX-BEAUVOIR (86550), this company of category GE shows in 2023 a revenue of 4.8 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 - BERNARD PIECES AUTOMOBILES (SIREN 322108671)
Indicator 2023 2022 2021 2020 2019 2019 2018 2017
Revenue 4 836 957 € 5 060 023 € 4 731 707 € 4 601 061 € 4 884 350 € 3 797 977 € N/C N/C
Net income -26 175 € -343 452 € 70 674 € 110 017 € 122 765 € -63 366 € 108 660 € 37 372 €
EBITDA 47 834 € -238 723 € -11 523 € 104 449 € 243 863 € 123 509 € N/C N/C
Net margin -0.5% -6.8% 1.5% 2.4% 2.5% -1.7% N/C N/C

Revenue and income statement

In 2023, BERNARD PIECES AUTOMOBILES achieves revenue of 4.8 M€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +6.2%. Slight decline of -4% vs 2022. After deducting consumption (2.8 M€), gross margin stands at 2.1 M€, i.e. a rate of 43%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 48 k€, representing 1.0% of revenue. Positive scissor effect: EBITDA margin improves by +5.7 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -26 k€ (-0.5% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 836 957 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 073 482 €

EBITDA (2023) ?
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

47 834 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-18 290 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-26 175 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.0%

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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 1%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.581%

Financial autonomy (2023) ?
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

35.696%

Cash flow / Revenue (2023) ?
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

0.593%

Repayment capacity (2023) ?
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

0.217

Asset age ratio (2023) ?
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

18.4%

Solvency indicators evolution
BERNARD PIECES AUTOMOBILES

Sector positioning

Debt ratio
0.58 2023
2021
2022
2023
Q1: 0.46
Med: 15.69
Q3: 60.48
Good

In 2023, the debt ratio of BERNARD PIECES AUTOMOBILES (0.58) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
35.7% 2023
2021
2022
2023
Q1: 19.69%
Med: 39.31%
Q3: 59.2%
Average -30 pts over 3 years

In 2023, the financial autonomy of BERNARD PIECES AUTOMOBILES (35.7%) 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
0.22 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.27 years
Q3: 2.55 years
Good +20 pts over 3 years

In 2023, the repayment capacity of BERNARD PIECES AUTOMOBILES (0.22) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 139.15. 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 34.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

139.153

Interest coverage (2023) ?
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

34.16

Liquidity indicators evolution
BERNARD PIECES AUTOMOBILES

Sector positioning

Liquidity ratio
139.15 2023
2021
2022
2023
Q1: 142.26
Med: 203.32
Q3: 311.16
Watch -30 pts over 3 years

In 2023, the liquidity ratio of BERNARD PIECES AUTOMOBILES (139.15) 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
34.16x 2023
2021
2022
2023
Q1: 0.0x
Med: 1.24x
Q3: 8.77x
Excellent +50 pts over 3 years

In 2023, the interest coverage of BERNARD PIECES AUTOMOBILES (34.2x) 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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 109 days. Excellent situation: suppliers finance 53 days of the operating cycle (retail model). Inventory turnover is 95 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 128 days of revenue, i.e. 1.7 M€ to permanently finance.

Operating WCR (2023) ?
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

1 721 957 €

Customer credit (2023) ?
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

56 j

Supplier credit (2023) ?
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

109 j

Inventory turnover (2023) ?
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

95 j

WCR in days of revenue (2023) ?
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

128 j

WCR and payment terms evolution
BERNARD PIECES AUTOMOBILES

Positioning of BERNARD PIECES AUTOMOBILES in its sector

Comparison with sector Commerce de gros d'équipements automobiles

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (23 transactions). This range of 186 935€ to 266 569€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
186k€ 222k€ 266k€
222 806 € Range: 186 935€ - 266 569€
NAF 5 année 2023

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 d'équipements automobiles)

Compare BERNARD PIECES AUTOMOBILES with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros d'équipements automobiles

Frequently asked questions about BERNARD PIECES AUTOMOBILES

What is the revenue of BERNARD PIECES AUTOMOBILES ?

The revenue of BERNARD PIECES AUTOMOBILES in 2023 is 4.8 M€.

Is BERNARD PIECES AUTOMOBILES profitable?

BERNARD PIECES AUTOMOBILES recorded a net loss in 2023.

Where is the headquarters of BERNARD PIECES AUTOMOBILES ?

The headquarters of BERNARD PIECES AUTOMOBILES is located in MIGNALOUX-BEAUVOIR (86550), in the department Vienne.

Where to find the tax return of BERNARD PIECES AUTOMOBILES ?

The tax return of BERNARD PIECES AUTOMOBILES 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 PIECES AUTOMOBILES operate?

BERNARD PIECES AUTOMOBILES operates in the sector Commerce de gros d'équipements automobiles (NAF code 45.31Z). See the 'Sector positioning' section above to compare the company with its competitors.