BIARRITZ HOTEL MANAGEMENT - BHM : revenue, balance sheet and financial ratios

BIARRITZ HOTEL MANAGEMENT - BHM is a French company founded 20 years ago, specialized in the sector Hôtels et hébergement similaire . Based in BIARRITZ (64200), this company of category PME shows in 2019 a revenue of 669 k€. 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 - BIARRITZ HOTEL MANAGEMENT - BHM (SIREN 487623480)
Indicator 2019 2018 2016
Revenue 668 705 € 695 844 € 730 588 €
Net income -53 238 € 26 015 € 50 775 €
EBITDA 22 418 € 100 291 € 209 242 €
Net margin -8.0% 3.7% 6.9%

Revenue and income statement

In 2019, BIARRITZ HOTEL MANAGEMENT - BHM achieves revenue of 669 k€. Activity remains stable over the period (CAGR: -2.9%). Slight decline of -4% vs 2018. After deducting consumption (36 k€), gross margin stands at 633 k€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 22 k€, representing 3.4% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -78%, reducing margin by 11.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -53 k€ (-8.0% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

668 705 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

632 802 €

EBITDA (2019) ?
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

22 418 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-31 575 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-53 238 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

3.4%

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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 293%. 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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

292.536%

Financial autonomy (2019) ?
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

19.044%

Cash flow / Revenue (2019) ?
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

-0.99%

Repayment capacity (2019) ?
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

-139.756

Asset age ratio (2019) ?
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

30.0%

Solvency indicators evolution
BIARRITZ HOTEL MANAGEMENT - BHM

Sector positioning

Debt ratio
292.54 2019
2016
2018
2019
Q1: 0.01
Med: 32.52
Q3: 155.52
Average

In 2019, the debt ratio of BIARRITZ HOTEL MANAGEMENT... (292.54) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
19.04% 2019
2016
2018
2019
Q1: 5.17%
Med: 32.85%
Q3: 62.67%
Average

In 2019, the financial autonomy of BIARRITZ HOTEL MANAGEMENT... (19.0%) 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
-139.76 years 2019
2016
2018
2019
Q1: 0.0 years
Med: 0.81 years
Q3: 4.6 years
Excellent -50 pts over 3 years

In 2019, the repayment capacity of BIARRITZ HOTEL MANAGEMENT... (-139.76) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 13.96. 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 124.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2019) ?
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

13.96

Interest coverage (2019) ?
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

124.177

Liquidity indicators evolution
BIARRITZ HOTEL MANAGEMENT - BHM

Sector positioning

Liquidity ratio
13.96 2019
2016
2018
2019
Q1: 61.61
Med: 131.95
Q3: 278.77
Watch -13 pts over 3 years

In 2019, the liquidity ratio of BIARRITZ HOTEL MANAGEMENT... (13.96) 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
124.18x 2019
2016
2018
2019
Q1: 0.0x
Med: 1.03x
Q3: 6.81x
Excellent

In 2019, the interest coverage of BIARRITZ HOTEL MANAGEMENT... (124.2x) 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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. Excellent situation: suppliers finance 57 days of the operating cycle (retail model). WCR is negative (-184 days): operations structurally generate cash. Notable WCR improvement over the period (-289%), freeing up cash.

Operating WCR (2019) ?
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

-341 835 €

Customer credit (2019) ?
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

1 j

Supplier credit (2019) ?
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

58 j

Inventory turnover (2019) ?
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 (2019) ?
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

-184 j

WCR and payment terms evolution
BIARRITZ HOTEL MANAGEMENT - BHM

Positioning of BIARRITZ HOTEL MANAGEMENT - BHM in its sector

Comparison with sector Hôtels et hébergement similaire

Valuation estimate

Based on 140 transactions of similar company sales in 2019, the value of BIARRITZ HOTEL MANAGEMENT - BHM is estimated at 246 717 € (range 97 121€ - 437 723€). With an EBITDA of 22 418€, the sector multiple of 5.7x is applied. The price/revenue ratio is 0.67x (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.

Estimated enterprise value 2019
140 transactions
97k€ 246k€ 437k€
246 717 € Range: 97 121€ - 437 723€
NAF 5 année 2019

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
22 418 € × 5.7x
Estimation 127 732 €
38 656€ - 222 379€
Revenue Multiple 30%
668 705 € × 0.67x
Estimation 445 025 €
194 564€ - 796 632€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 140 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 (Hôtels et hébergement similaire )

Compare BIARRITZ HOTEL MANAGEMENT - BHM with other companies in the same sector:

Voir toutes les statistiques du secteur Hôtels et hébergement similaire

Frequently asked questions about BIARRITZ HOTEL MANAGEMENT - BHM

What is the revenue of BIARRITZ HOTEL MANAGEMENT - BHM ?

The revenue of BIARRITZ HOTEL MANAGEMENT - BHM in 2019 is 669 k€.

Is BIARRITZ HOTEL MANAGEMENT - BHM profitable?

BIARRITZ HOTEL MANAGEMENT - BHM recorded a net loss in 2019.

Where is the headquarters of BIARRITZ HOTEL MANAGEMENT - BHM ?

The headquarters of BIARRITZ HOTEL MANAGEMENT - BHM is located in BIARRITZ (64200), in the department Pyrenees-Atlantiques.

Where to find the tax return of BIARRITZ HOTEL MANAGEMENT - BHM ?

The tax return of BIARRITZ HOTEL MANAGEMENT - BHM 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 BIARRITZ HOTEL MANAGEMENT - BHM operate?

BIARRITZ HOTEL MANAGEMENT - BHM operates in the sector Hôtels et hébergement similaire (NAF code 55.10Z). See the 'Sector positioning' section above to compare the company with its competitors.