CANOVAS ET FILS : revenue, balance sheet and financial ratios

CANOVAS ET FILS is a French company founded 36 years ago, specialized in the sector Entretien et réparation de véhicules automobiles légers. Based in LA TURBIE (06320), this company of category PME shows in 2023 a revenue of 1.2 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 - CANOVAS ET FILS (SIREN 352567499)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 227 559 € 1 228 237 € 1 331 796 € 1 485 052 € 1 856 537 € 2 147 689 € 3 102 264 € 8 788 855 €
Net income -8 650 € 19 227 € -454 881 € -291 461 € -93 919 € 23 552 € 22 415 € 2 867 €
EBITDA 45 376 € 28 464 € -278 326 € -62 985 € -88 350 € -135 308 € 20 516 € 6 248 €
Net margin -0.7% 1.6% -34.2% -19.6% -5.1% 1.1% 0.7% 0.0%

Revenue and income statement

In 2023, CANOVAS ET FILS achieves revenue of 1.2 M€. Revenue is declining over the period 2016-2023 (CAGR: -24.5%). Slight decline of -0% vs 2022. After deducting consumption (567 k€), gross margin stands at 661 k€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 45 k€, representing 3.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -9 k€ (-0.7% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 227 559 €

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

660 723 €

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

45 376 €

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

5 275 €

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

-8 650 €

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

3.7%

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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 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 31%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

57.612%

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

30.863%

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

2.779%

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

9.307

Asset age ratio (2023) ?
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

7.2%

Solvency indicators evolution
CANOVAS ET FILS

Sector positioning

Debt ratio
57.61 2023
2021
2022
2023
Q1: 5.17
Med: 28.13
Q3: 82.05
Average

In 2023, the debt ratio of CANOVAS ET FILS (57.61) 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
30.86% 2023
2021
2022
2023
Q1: 19.17%
Med: 41.8%
Q3: 60.17%
Average

In 2023, the financial autonomy of CANOVAS ET FILS (30.9%) 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
9.31 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.6 years
Q3: 2.26 years
Watch +50 pts over 3 years

In 2023, the repayment capacity of CANOVAS ET FILS (9.31) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 119.10. 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 21.4x. Operating income very largely covers interest expenses: high safety margin.

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

119.097

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

21.381

Liquidity indicators evolution
CANOVAS ET FILS

Sector positioning

Liquidity ratio
119.1 2023
2021
2022
2023
Q1: 141.17
Med: 208.6
Q3: 306.15
Watch

In 2023, the liquidity ratio of CANOVAS ET FILS (119.10) 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
21.38x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.64x
Q3: 3.56x
Excellent +50 pts over 3 years

In 2023, the interest coverage of CANOVAS ET FILS (21.4x) 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: 114 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 299 days. Excellent situation: suppliers finance 185 days of the operating cycle (retail model). Inventory turnover is 58 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 268 days of revenue, i.e. 915 k€ to permanently finance. Notable WCR improvement over the period (-40%), freeing up cash.

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

914 654 €

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

114 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

299 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

58 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

268 j

WCR and payment terms evolution
CANOVAS ET FILS

Positioning of CANOVAS ET FILS in its sector

Comparison with sector Entretien et réparation de véhicules automobiles légers

Valuation estimate

Based on 139 transactions of similar company sales in 2023, the value of CANOVAS ET FILS is estimated at 279 516 € (range 170 279€ - 462 132€). With an EBITDA of 45 376€, the sector multiple of 4.1x is applied. The price/revenue ratio is 0.36x (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
139 transactions
170k€ 279k€ 462k€
279 516 € Range: 170 279€ - 462 132€
NAF 5 année 2023

Valuation detail by method

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EBITDA Multiple 50%
45 376 € × 4.1x
Estimation 185 651 €
93 948€ - 317 727€
Revenue Multiple 30%
1 227 559 € × 0.36x
Estimation 435 959 €
297 500€ - 702 809€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 139 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 (Entretien et réparation de véhicules automobiles légers)

Compare CANOVAS ET FILS with other companies in the same sector:

Voir toutes les statistiques du secteur Entretien et réparation de véhicules automobiles légers

Frequently asked questions about CANOVAS ET FILS

What is the revenue of CANOVAS ET FILS ?

The revenue of CANOVAS ET FILS in 2023 is 1.2 M€.

Is CANOVAS ET FILS profitable?

CANOVAS ET FILS recorded a net loss in 2023.

Where is the headquarters of CANOVAS ET FILS ?

The headquarters of CANOVAS ET FILS is located in LA TURBIE (06320), in the department Alpes-Maritimes.

Where to find the tax return of CANOVAS ET FILS ?

The tax return of CANOVAS ET FILS 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 CANOVAS ET FILS operate?

CANOVAS ET FILS operates in the sector Entretien et réparation de véhicules automobiles légers (NAF code 45.20A). See the 'Sector positioning' section above to compare the company with its competitors.