CARRE GOLF DEVELOPPEMENT : revenue, balance sheet and financial ratios

CARRE GOLF DEVELOPPEMENT is a French company founded 21 years ago, specialized in the sector Vente à distance sur catalogue spécialisé. Based in CRESPIERES (78121), this company of category PME shows in 2025 a revenue of 920 k€. 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 - CARRE GOLF DEVELOPPEMENT (SIREN 478231079)
Indicator 2025 2024 2023 2022 2018
Revenue 919 663 € 1 426 950 € 3 324 213 € 1 191 598 € 670 092 €
Net income -249 537 € -259 199 € -246 020 € 125 308 € -77 776 €
EBITDA -223 763 € -358 259 € -229 037 € -181 513 € -71 185 €
Net margin -27.1% -18.2% -7.4% 10.5% -11.6%

Revenue and income statement

In 2025, CARRE GOLF DEVELOPPEMENT achieves revenue of 920 k€. Revenue is growing positively over 5 years (CAGR: +4.6%). Significant drop of -36% vs 2024. After deducting consumption (713 k€), gross margin stands at 207 k€, i.e. a rate of 22%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -224 k€, representing -24.3% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -250 k€ (-27.1% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

919 663 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

206 579 €

EBITDA (2025) ?
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

-223 763 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-239 863 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-249 537 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-24.2%

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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 5004%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

5003.667%

Financial autonomy (2025) ?
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

1.602%

Cash flow / Revenue (2025) ?
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

-24.409%

Repayment capacity (2025) ?
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

-5.982

Asset age ratio (2025) ?
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

36.6%

Solvency indicators evolution
CARRE GOLF DEVELOPPEMENT

Sector positioning

Debt ratio
5003.67 2025
2023
2024
2025
Q1: 0.0
Med: 7.11
Q3: 47.58
Watch +10 pts over 3 years

In 2025, the debt ratio of CARRE GOLF DEVELOPPEMENT (5003.67) 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
1.6% 2025
2023
2024
2025
Q1: 0.0%
Med: 22.75%
Q3: 56.26%
Average -21 pts over 3 years

In 2025, the financial autonomy of CARRE GOLF DEVELOPPEMENT (1.6%) 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
-5.98 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 0.42 years
Excellent -52 pts over 3 years

In 2025, the repayment capacity of CARRE GOLF DEVELOPPEMENT (-5.98) 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 81.71. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

81.707

Interest coverage (2025) ?
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

-6.598

Liquidity indicators evolution
CARRE GOLF DEVELOPPEMENT

Sector positioning

Liquidity ratio
81.71 2025
2023
2024
2025
Q1: 114.18
Med: 230.1
Q3: 423.6
Watch -21 pts over 3 years

In 2025, the liquidity ratio of CARRE GOLF DEVELOPPEMENT (81.71) 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
-6.6x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 0.41x
Watch

In 2025, the interest coverage of CARRE GOLF DEVELOPPEMENT (-6.6x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 78 days. Excellent situation: suppliers finance 78 days of the operating cycle (retail model). Inventory turnover is 75 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 38 days of revenue, i.e. 97 k€ to permanently finance. Notable WCR improvement over the period (-79%), freeing up cash.

Operating WCR (2025) ?
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

96 877 €

Customer credit (2025) ?
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

0 j

Supplier credit (2025) ?
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

78 j

Inventory turnover (2025) ?
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

75 j

WCR in days of revenue (2025) ?
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

38 j

WCR and payment terms evolution
CARRE GOLF DEVELOPPEMENT

Positioning of CARRE GOLF DEVELOPPEMENT in its sector

Comparison with sector Vente à distance sur catalogue spécialisé

Valuation estimate

Based on 121 transactions of similar company sales (all years), the value of CARRE GOLF DEVELOPPEMENT is estimated at 248 273 € (range 143 927€ - 533 518€). The price/revenue ratio is 0.27x (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 2025
121 transactions
143k€ 248k€ 533k€
248 273 € Range: 143 927€ - 533 518€
NAF 5 all-time

Valuation method used

Revenue Multiple
919 663 € × 0.27x = 248 274 €
Range: 143 928€ - 533 519€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 121 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 (Vente à distance sur catalogue spécialisé)

Compare CARRE GOLF DEVELOPPEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Vente à distance sur catalogue spécialisé

Frequently asked questions about CARRE GOLF DEVELOPPEMENT

What is the revenue of CARRE GOLF DEVELOPPEMENT ?

The revenue of CARRE GOLF DEVELOPPEMENT in 2025 is 920 k€.

Is CARRE GOLF DEVELOPPEMENT profitable?

CARRE GOLF DEVELOPPEMENT recorded a net loss in 2025.

Where is the headquarters of CARRE GOLF DEVELOPPEMENT ?

The headquarters of CARRE GOLF DEVELOPPEMENT is located in CRESPIERES (78121), in the department Yvelines.

Where to find the tax return of CARRE GOLF DEVELOPPEMENT ?

The tax return of CARRE GOLF DEVELOPPEMENT 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 CARRE GOLF DEVELOPPEMENT operate?

CARRE GOLF DEVELOPPEMENT operates in the sector Vente à distance sur catalogue spécialisé (NAF code 47.91B). See the 'Sector positioning' section above to compare the company with its competitors.