BINIC DISTRIBUTION : revenue, balance sheet and financial ratios

BINIC DISTRIBUTION is a French company founded 35 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in BINIC-ETABLES-SUR-MER (22520), this company of category PME shows in 2021 a revenue of 1.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - BINIC DISTRIBUTION (SIREN 379856941)
Indicator 2021 2020 2019 2017
Revenue 1 400 250 € 7 093 105 € 32 848 886 € 33 967 278 €
Net income 466 625 € 328 681 € 530 223 € 799 070 €
EBITDA 1 315 282 € 833 029 € 1 173 257 € 1 724 378 €
Net margin 33.3% 4.6% 1.6% 2.4%

Revenue and income statement

In 2021, BINIC DISTRIBUTION achieves revenue of 1.4 M€. Revenue is declining over the period 2017-2021 (CAGR: -54.9%). Significant drop of -80% vs 2020. After deducting consumption (0 €), gross margin stands at 1.4 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 1.3 M€, representing 93.9% of revenue. Positive scissor effect: EBITDA margin improves by +82.2 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 467 k€, i.e. 33.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 400 250 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 400 250 €

EBITDA (2021) ?
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

1 315 282 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

837 378 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

466 625 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

93.9%

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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 103%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 45%. 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 2.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 80.7% 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 (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

103.061%

Financial autonomy (2021) ?
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

45.09%

Cash flow / Revenue (2021) ?
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

80.682%

Repayment capacity (2021) ?
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

2.923

Asset age ratio (2021) ?
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

35.0%

Solvency indicators evolution
BINIC DISTRIBUTION

Sector positioning

Debt ratio
103.06 2021
2019
2020
2021
Q1: -1.35
Med: 12.69
Q3: 178.78
Average +6 pts over 3 years

In 2021, the debt ratio of BINIC DISTRIBUTION (103.06) 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
45.09% 2021
2019
2020
2021
Q1: 2.36%
Med: 38.34%
Q3: 81.26%
Good

In 2021, the financial autonomy of BINIC DISTRIBUTION (45.1%) 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
2.92 years 2021
2019
2020
2021
Q1: -0.0 years
Med: 0.53 years
Q3: 9.65 years
Average

In 2021, the repayment capacity of BINIC DISTRIBUTION (2.92) 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 368.84. 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 1.9x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2021) ?
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

368.844

Interest coverage (2021) ?
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

1.867

Liquidity indicators evolution
BINIC DISTRIBUTION

Sector positioning

Liquidity ratio
368.84 2021
2019
2020
2021
Q1: 84.68
Med: 265.75
Q3: 1031.56
Good +14 pts over 3 years

In 2021, the liquidity ratio of BINIC DISTRIBUTION (368.84) 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
1.87x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 12.93x
Good

In 2021, the interest coverage of BINIC DISTRIBUTION (1.9x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 92 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1630 days. Excellent situation: suppliers finance 1538 days of the operating cycle (retail model). Overall, WCR represents 64 days of revenue, i.e. 250 k€ to permanently finance. Notable WCR improvement over the period (-94%), freeing up cash.

Operating WCR (2021) ?
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

250 421 €

Customer credit (2021) ?
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

92 j

Supplier credit (2021) ?
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

1630 j

Inventory turnover (2021) ?
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 (2021) ?
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

64 j

WCR and payment terms evolution
BINIC DISTRIBUTION

Positioning of BINIC DISTRIBUTION in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 178 transactions of similar company sales in 2021, the value of BINIC DISTRIBUTION is estimated at 4 015 600 € (range 1 869 214€ - 7 273 906€). With an EBITDA of 1 315 282€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.70x (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 2021
178 transactions
1869k€ 4015k€ 7273k€
4 015 600 € Range: 1 869 214€ - 7 273 906€
NAF 5 année 2021

Valuation detail by method

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EBITDA Multiple 50%
1 315 282 € × 4.7x
Estimation 6 226 145 €
3 027 314€ - 10 336 535€
Revenue Multiple 30%
1 400 250 € × 0.70x
Estimation 979 223 €
342 594€ - 2 578 239€
Net Income Multiple 20%
466 625 € × 6.5x
Estimation 3 043 806 €
1 263 895€ - 6 660 838€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 178 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 (Location de terrains et d'autres biens immobiliers)

Compare BINIC DISTRIBUTION with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about BINIC DISTRIBUTION

What is the revenue of BINIC DISTRIBUTION ?

The revenue of BINIC DISTRIBUTION in 2021 is 1.4 M€.

Is BINIC DISTRIBUTION profitable?

Yes, BINIC DISTRIBUTION generated a net profit of 467 k€ in 2021.

Where is the headquarters of BINIC DISTRIBUTION ?

The headquarters of BINIC DISTRIBUTION is located in BINIC-ETABLES-SUR-MER (22520), in the department Cotes-d'Armor.

Where to find the tax return of BINIC DISTRIBUTION ?

The tax return of BINIC DISTRIBUTION 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 BINIC DISTRIBUTION operate?

BINIC DISTRIBUTION operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.