BOCCARD FRANCE : revenue, balance sheet and financial ratios

BOCCARD FRANCE is a French company founded 70 years ago, specialized in the sector Installation de structures métalliques, chaudronnées et de tuyauterie. Based in VILLEURBANNE (69100), this company of category ETI shows in 2024 a revenue of 236.4 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 - BOCCARD FRANCE (SIREN 956501258)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 236 373 397 € 211 964 250 € 197 749 548 € 175 222 055 € 181 131 247 € 168 316 890 € 179 656 413 € 193 494 284 € 177 656 735 €
Net income -4 187 976 € -755 542 € 3 374 876 € 4 008 834 € 2 717 319 € 7 489 120 € 11 206 257 € 4 329 117 € 3 006 468 €
EBITDA -3 884 683 € -2 907 125 € -340 534 € 2 017 473 € 222 827 € 7 931 176 € 6 303 005 € 8 474 229 € 5 513 009 €
Net margin -1.8% -0.4% 1.7% 2.3% 1.5% 4.4% 6.2% 2.2% 1.7%

Revenue and income statement

In 2024, BOCCARD FRANCE achieves revenue of 236.4 M€. Revenue is growing positively over 9 years (CAGR: +3.6%). Vs 2023, growth of +12% (212.0 M€ -> 236.4 M€). After deducting consumption (30.6 M€), gross margin stands at 205.7 M€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -3.9 M€, representing -1.6% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -4.2 M€ (-1.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

236 373 397 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

205 725 933 €

EBITDA (2024) ?
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

-3 884 683 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-4 314 930 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-4 187 976 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-1.6%

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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 88%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

88.488%

Financial autonomy (2024) ?
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

18.311%

Cash flow / Revenue (2024) ?
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

-1.655%

Repayment capacity (2024) ?
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

-8.571

Asset age ratio (2024) ?
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

26.3%

Solvency indicators evolution
BOCCARD FRANCE

Sector positioning

Debt ratio
88.49 2024
2022
2023
2024
Q1: 0.86
Med: 17.38
Q3: 51.09
Watch +20 pts over 3 years

In 2024, the debt ratio of BOCCARD FRANCE (88.49) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
18.31% 2024
2022
2023
2024
Q1: 18.95%
Med: 38.81%
Q3: 56.71%
Average -7 pts over 3 years

In 2024, the financial autonomy of BOCCARD FRANCE (18.3%) 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
-8.57 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.19 years
Q3: 1.55 years
Excellent -52 pts over 3 years

In 2024, the repayment capacity of BOCCARD FRANCE (-8.57) 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 112.49. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

112.494

Interest coverage (2024) ?
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

-35.545

Liquidity indicators evolution
BOCCARD FRANCE

Sector positioning

Liquidity ratio
112.49 2024
2022
2023
2024
Q1: 150.33
Med: 206.67
Q3: 290.93
Watch

In 2024, the liquidity ratio of BOCCARD FRANCE (112.49) 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
-35.55x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.53x
Q3: 3.23x
Watch

In 2024, the interest coverage of BOCCARD FRANCE (-35.5x) 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: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 94 days. Excellent situation: suppliers finance 44 days of the operating cycle (retail model). Inventory turnover is 65 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 23 days of revenue, i.e. 15.1 M€ to permanently finance. Over 2016-2024, WCR increased by +97%, requiring additional financing.

Operating WCR (2024) ?
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

15 125 534 €

Customer credit (2024) ?
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

50 j

Supplier credit (2024) ?
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

94 j

Inventory turnover (2024) ?
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

65 j

WCR in days of revenue (2024) ?
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

23 j

WCR and payment terms evolution
BOCCARD FRANCE

Positioning of BOCCARD FRANCE in its sector

Comparison with sector Installation de structures métalliques, chaudronnées et de tuyauterie

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of BOCCARD FRANCE is estimated at 42 649 685 € (range 18 533 138€ - 65 635 474€). The price/revenue ratio is 0.18x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
98 tx
18533k€ 42649k€ 65635k€
42 649 685 € Range: 18 533 138€ - 65 635 474€
NAF 5 all-time

Valuation method used

Revenue Multiple
236 373 397 € × 0.18x = 42 649 686 €
Range: 18 533 139€ - 65 635 475€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Installation de structures métalliques, chaudronnées et de tuyauterie)

Compare BOCCARD FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Installation de structures métalliques, chaudronnées et de tuyauterie

Frequently asked questions about BOCCARD FRANCE

What is the revenue of BOCCARD FRANCE ?

The revenue of BOCCARD FRANCE in 2024 is 236.4 M€.

Is BOCCARD FRANCE profitable?

BOCCARD FRANCE recorded a net loss in 2024.

Where is the headquarters of BOCCARD FRANCE ?

The headquarters of BOCCARD FRANCE is located in VILLEURBANNE (69100), in the department Rhone.

Where to find the tax return of BOCCARD FRANCE ?

The tax return of BOCCARD FRANCE 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 BOCCARD FRANCE operate?

BOCCARD FRANCE operates in the sector Installation de structures métalliques, chaudronnées et de tuyauterie (NAF code 33.20A). See the 'Sector positioning' section above to compare the company with its competitors.