BORDEAUX-VO : revenue, balance sheet and financial ratios

In 2025, BORDEAUX-VO achieves revenue of 2.5 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +9.9%. Significant drop of -20% vs 2024. After deducting consumption (2.1 M€), gross margin stands at 310 k€, i.e. a rate of 13%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 88 k€, representing 3.6% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -52%, reducing margin by 2.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 75 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 28%. 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 67%. 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 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 706.23. 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 7.0x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 7 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 4 days. The company must finance 3 days of gap between collections and payments. Inventory turnover is 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 56 days of revenue, i.e. 384 k€ to permanently finance. Over 2016-2025, WCR increased by +239%, requiring additional financing.

Based on 113 transactions of similar company sales in 2025, the value of BORDEAUX-VO is estimated at 249 834 € (range 117 799€ - 450 433€). With an EBITDA of 88 428€, the sector multiple of 0.7x is applied. The price/revenue ratio is 0.21x (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.