BORALEX SOLAIRE LES CIGALETTES : revenue, balance sheet and financial ratios

BORALEX SOLAIRE LES CIGALETTES is a French company founded 11 years ago, specialized in the sector Production d'électricité. Based in BLENDECQUES (62575), this company of category ETI shows in 2024 a revenue of 1.0 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 - BORALEX SOLAIRE LES CIGALETTES (SIREN 811038694)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 030 459 € 1 234 147 € 1 281 204 € 1 280 270 € 1 259 451 € 1 361 970 € 1 204 508 € 1 330 203 € 1 331 323 €
Net income -48 679 € 39 357 € 192 840 € -164 111 € -285 253 € -171 076 € -442 526 € -355 770 € -513 654 €
EBITDA 595 400 € 796 175 € 872 787 € 867 911 € 834 127 € 923 239 € 800 411 € 1 013 205 € 995 040 €
Net margin -4.7% 3.2% 15.1% -12.8% -22.6% -12.6% -36.7% -26.7% -38.6%

Revenue and income statement

In 2024, BORALEX SOLAIRE LES CIGALETTES achieves revenue of 1.0 M€. Activity remains stable over the period (CAGR: -3.2%). Significant drop of -17% vs 2023. After deducting consumption (0 €), gross margin stands at 1.0 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 595 k€, representing 57.8% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -25%, reducing margin by 6.7 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -49 k€ (-4.7% 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

1 030 459 €

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

1 030 459 €

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

595 400 €

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

238 397 €

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

-48 679 €

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

57.8%

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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 -2457%. 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 -4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 22.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 32.2% 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 (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

-2457.317%

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

-3.949%

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

32.176%

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

22.089

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

61.0%

Solvency indicators evolution
BORALEX SOLAIRE LES CIGALETTES

Sector positioning

Debt ratio
-2457.32 2024
2022
2023
2024
Q1: -273.65
Med: 0.0
Q3: 120.96
Excellent

In 2024, the debt ratio of BORALEX SOLAIRE LES CIGAL... (-2457.32) 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
-3.95% 2024
2022
2023
2024
Q1: -12.1%
Med: 0.32%
Q3: 40.46%
Average +16 pts over 3 years

In 2024, the financial autonomy of BORALEX SOLAIRE LES CIGAL... (-4.0%) 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
22.09 years 2024
2022
2023
2024
Q1: -4.9 years
Med: 0.0 years
Q3: 5.63 years
Average

In 2024, the repayment capacity of BORALEX SOLAIRE LES CIGAL... (22.09) 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 128.70. 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 43.7x. Operating income very largely covers interest expenses: high safety margin.

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

128.699

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

43.664

Liquidity indicators evolution
BORALEX SOLAIRE LES CIGALETTES

Sector positioning

Liquidity ratio
128.7 2024
2022
2023
2024
Q1: 83.26
Med: 273.74
Q3: 870.78
Average -39 pts over 3 years

In 2024, the liquidity ratio of BORALEX SOLAIRE LES CIGAL... (128.70) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
43.66x 2024
2022
2023
2024
Q1: -5.49x
Med: 0.0x
Q3: 19.34x
Excellent

In 2024, the interest coverage of BORALEX SOLAIRE LES CIGAL... (43.7x) 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: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 174 days. Excellent situation: suppliers finance 110 days of the operating cycle (retail model). WCR is negative (-672 days): operations structurally generate cash. Notable WCR improvement over the period (-11163%), freeing up cash.

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

-1 922 280 €

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

64 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

174 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

0 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

-672 j

WCR and payment terms evolution
BORALEX SOLAIRE LES CIGALETTES

Positioning of BORALEX SOLAIRE LES CIGALETTES in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of BORALEX SOLAIRE LES CIGALETTES is estimated at 1 167 762 € (range 151 437€ - 4 735 203€). With an EBITDA of 595 400€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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 2024
85 tx
151k€ 1167k€ 4735k€
1 167 762 € Range: 151 437€ - 4 735 203€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
595 400 € × 2.4x
Estimation 1 440 672 €
158 089€ - 5 405 662€
Revenue Multiple 30%
1 030 459 € × 0.69x
Estimation 712 913 €
140 352€ - 3 617 774€
How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Production d'électricité)

Compare BORALEX SOLAIRE LES CIGALETTES with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about BORALEX SOLAIRE LES CIGALETTES

What is the revenue of BORALEX SOLAIRE LES CIGALETTES ?

The revenue of BORALEX SOLAIRE LES CIGALETTES in 2024 is 1.0 M€.

Is BORALEX SOLAIRE LES CIGALETTES profitable?

BORALEX SOLAIRE LES CIGALETTES recorded a net loss in 2024.

Where is the headquarters of BORALEX SOLAIRE LES CIGALETTES ?

The headquarters of BORALEX SOLAIRE LES CIGALETTES is located in BLENDECQUES (62575), in the department Pas-de-Calais.

Where to find the tax return of BORALEX SOLAIRE LES CIGALETTES ?

The tax return of BORALEX SOLAIRE LES CIGALETTES 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 BORALEX SOLAIRE LES CIGALETTES operate?

BORALEX SOLAIRE LES CIGALETTES operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.