BLIZZARD ENTERTAINMENT SAS : revenue, balance sheet and financial ratios

BLIZZARD ENTERTAINMENT SAS is a French company founded 20 years ago, specialized in the sector Édition de jeux électroniques. Based in ISSY-LES-MOULINEAUX (92130), this company of category GE shows in 2023 a revenue of 2.3 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 - BLIZZARD ENTERTAINMENT SAS (SIREN 489952457)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 297 260 € 4 626 940 € 371 701 593 € 431 587 599 € 311 427 402 € 400 860 765 € 364 896 617 € 451 924 914 €
Net income 9 451 874 € 139 613 € 55 050 268 € 26 606 387 € -4 738 193 € 7 879 794 € -19 822 676 € 7 935 255 €
EBITDA -16 975 024 € -21 620 765 € 271 553 041 € 331 831 093 € 218 522 636 € 284 394 040 € 241 510 381 € 292 099 143 €
Net margin 411.4% 3.0% 14.8% 6.2% -1.5% 2.0% -5.4% 1.8%

Revenue and income statement

In 2023, BLIZZARD ENTERTAINMENT SAS achieves revenue of 2.3 M€. Revenue is declining over the period 2016-2023 (CAGR: -53.0%). Significant drop of -50% vs 2022. After deducting consumption (0 €), gross margin stands at 2.3 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 -17.0 M€, representing -738.9% of revenue. Warning negative scissor effect: despite revenue change (-50%), EBITDA varies by +21%, reducing margin by 271.6 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 9.5 M€, i.e. 411.4% 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

2 297 260 €

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

2 297 260 €

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

-16 975 024 €

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

-1 438 300 €

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

9 451 874 €

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

-738.9%

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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 0%. 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 92%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

0.0%

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

92.347%

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

-264.874%

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

0.0

Solvency indicators evolution
BLIZZARD ENTERTAINMENT SAS

Sector positioning

Debt ratio
0.0 2023
2021
2022
2023
Q1: 0.0
Med: 0.12
Q3: 53.42
Excellent

In 2023, the debt ratio of BLIZZARD ENTERTAINMENT SAS (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
92.35% 2023
2021
2022
2023
Q1: 0.04%
Med: 33.1%
Q3: 72.11%
Excellent +19 pts over 3 years

In 2023, the financial autonomy of BLIZZARD ENTERTAINMENT SAS (92.3%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.32 years
Excellent

In 2023, the repayment capacity of BLIZZARD ENTERTAINMENT SAS (0.00) 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 9390.11. 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

9390.108

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

-2.821

Liquidity indicators evolution
BLIZZARD ENTERTAINMENT SAS

Sector positioning

Liquidity ratio
9390.11 2023
2021
2022
2023
Q1: 140.32
Med: 273.86
Q3: 531.15
Excellent +8 pts over 3 years

In 2023, the liquidity ratio of BLIZZARD ENTERTAINMENT SAS (9390.11) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-2.82x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 2.73x
Watch -46 pts over 3 years

In 2023, the interest coverage of BLIZZARD ENTERTAINMENT SAS (-2.8x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 754 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 228 days. The gap of 526 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 23744 days of revenue, i.e. 151.5 M€ to permanently finance. Over 2016-2023, WCR increased by +128%, 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

151 516 312 €

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

754 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

228 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

23744 j

WCR and payment terms evolution
BLIZZARD ENTERTAINMENT SAS

Positioning of BLIZZARD ENTERTAINMENT SAS in its sector

Comparison with sector Édition de jeux électroniques

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of BLIZZARD ENTERTAINMENT SAS is estimated at 4 938 368 € (range 1 866 466€ - 15 992 278€). The price/revenue ratio is 0.25x (conservative valuation). 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 2023
103 transactions
1866k€ 4938k€ 15992k€
4 938 368 € Range: 1 866 466€ - 15 992 278€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
2 297 260 € × 0.25x
Estimation 571 632 €
252 522€ - 1 258 063€
Net Income Multiple 20%
9 451 874 € × 1.2x
Estimation 11 488 474 €
4 287 383€ - 38 093 601€
How is this estimate calculated?

This estimate is based on the analysis of 103 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 (Édition de jeux électroniques)

Compare BLIZZARD ENTERTAINMENT SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Édition de jeux électroniques

Frequently asked questions about BLIZZARD ENTERTAINMENT SAS

What is the revenue of BLIZZARD ENTERTAINMENT SAS ?

The revenue of BLIZZARD ENTERTAINMENT SAS in 2023 is 2.3 M€.

Is BLIZZARD ENTERTAINMENT SAS profitable?

Yes, BLIZZARD ENTERTAINMENT SAS generated a net profit of 9.5 M€ in 2023.

Where is the headquarters of BLIZZARD ENTERTAINMENT SAS ?

The headquarters of BLIZZARD ENTERTAINMENT SAS is located in ISSY-LES-MOULINEAUX (92130), in the department Hauts-de-Seine.

Where to find the tax return of BLIZZARD ENTERTAINMENT SAS ?

The tax return of BLIZZARD ENTERTAINMENT SAS 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 BLIZZARD ENTERTAINMENT SAS operate?

BLIZZARD ENTERTAINMENT SAS operates in the sector Édition de jeux électroniques (NAF code 58.21Z). See the 'Sector positioning' section above to compare the company with its competitors.