BERNIS INVESTISSEMENT : revenue, balance sheet and financial ratios

BERNIS INVESTISSEMENT is a French company founded 55 years ago, specialized in the sector Activités des sièges sociaux. Based in LIMOGES (87280), this company of category ETI shows in 2023 a revenue of 3.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - BERNIS INVESTISSEMENT (SIREN 771501079)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 3 855 327 € 3 704 036 € 3 352 090 € 2 970 099 € 2 640 704 € 2 396 561 € 2 253 282 € 2 152 962 €
Net income 2 576 726 € 1 784 085 € 5 347 458 € 50 134 € 1 868 734 € 4 760 545 € 2 787 109 € 2 362 493 €
EBITDA -279 454 € 156 191 € -1 278 679 € -333 657 € -261 072 € -604 881 € -761 535 € -381 932 €
Net margin 66.8% 48.2% 159.5% 1.7% 70.8% 198.6% 123.7% 109.7%

Revenue and income statement

In 2023, BERNIS INVESTISSEMENT achieves revenue of 3.9 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.7%. Vs 2022: +4%. After deducting consumption (0 €), gross margin stands at 3.9 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 -279 k€, representing -7.2% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -279%, reducing margin by 11.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.6 M€, i.e. 66.8% of revenue. This profit can be retained or distributed to shareholders.

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

3 855 327 €

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

3 855 327 €

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

-279 454 €

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

-652 615 €

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

2 576 726 €

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

-7.2%

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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 10%. 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 83%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 78.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

10.391%

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

82.567%

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

78.226%

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

0.878

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

43.0%

Solvency indicators evolution
BERNIS INVESTISSEMENT

Sector positioning

Debt ratio
10.39 2023
2021
2022
2023
Q1: 0.15
Med: 18.7
Q3: 101.8
Good

In 2023, the debt ratio of BERNIS INVESTISSEMENT (10.39) 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
82.57% 2023
2021
2022
2023
Q1: 13.7%
Med: 51.31%
Q3: 84.16%
Good

In 2023, the financial autonomy of BERNIS INVESTISSEMENT (82.6%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
0.88 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 3.84 years
Average -20 pts over 3 years

In 2023, the repayment capacity of BERNIS INVESTISSEMENT (0.88) 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 993.46. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

993.46

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

-90.018

Liquidity indicators evolution
BERNIS INVESTISSEMENT

Sector positioning

Liquidity ratio
993.46 2023
2021
2022
2023
Q1: 110.28
Med: 414.47
Q3: 1925.09
Good -8 pts over 3 years

In 2023, the liquidity ratio of BERNIS INVESTISSEMENT (993.46) 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
-90.02x 2023
2021
2022
2023
Q1: -38.49x
Med: 0.0x
Q3: 2.71x
Average -20 pts over 3 years

In 2023, the interest coverage of BERNIS INVESTISSEMENT (-90.0x) 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: 5 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 39 days. Excellent situation: suppliers finance 34 days of the operating cycle (retail model). Overall, WCR represents 217 days of revenue, i.e. 2.3 M€ to permanently finance. Over 2016-2023, WCR increased by +177%, requiring additional financing.

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

2 324 878 €

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

5 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

39 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

0 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

217 j

WCR and payment terms evolution
BERNIS INVESTISSEMENT

Positioning of BERNIS INVESTISSEMENT in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 89 transactions of similar company sales in 2023, the value of BERNIS INVESTISSEMENT is estimated at 8 152 482 € (range 3 802 219€ - 18 150 584€). The price/revenue ratio is 0.52x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
89 tx
3802k€ 8152k€ 18150k€
8 152 482 € Range: 3 802 219€ - 18 150 584€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
3 855 327 € × 0.52x
Estimation 2 018 565 €
825 736€ - 3 577 384€
Net Income Multiple 20%
2 576 726 € × 6.7x
Estimation 17 353 360 €
8 266 945€ - 40 010 386€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 89 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 (Activités des sièges sociaux)

Compare BERNIS INVESTISSEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about BERNIS INVESTISSEMENT

What is the revenue of BERNIS INVESTISSEMENT ?

The revenue of BERNIS INVESTISSEMENT in 2023 is 3.9 M€.

Is BERNIS INVESTISSEMENT profitable?

Yes, BERNIS INVESTISSEMENT generated a net profit of 2.6 M€ in 2023.

Where is the headquarters of BERNIS INVESTISSEMENT ?

The headquarters of BERNIS INVESTISSEMENT is located in LIMOGES (87280), in the department Haute-Vienne.

Where to find the tax return of BERNIS INVESTISSEMENT ?

The tax return of BERNIS INVESTISSEMENT 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 BERNIS INVESTISSEMENT operate?

BERNIS INVESTISSEMENT operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.