CBRE GWS FRANCE SAS : revenue, balance sheet and financial ratios

CBRE GWS FRANCE SAS is a French company founded 11 years ago, specialized in the sector Autre mise à disposition de ressources humaines. Based in COURBEVOIE (92400), this company of category ETI shows in 2024 a revenue of 227.1 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 - CBRE GWS FRANCE SAS (SIREN 809872807)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 227 149 288 € 185 815 848 € 168 574 401 € 156 523 686 € 149 534 959 € 106 509 123 € 96 214 120 € 61 676 825 € 45 398 245 €
Net income 651 928 € 406 319 € 947 816 € 394 734 € -340 349 € -251 626 € 931 053 € 139 577 € 349 788 €
EBITDA 663 269 € 1 704 319 € 905 853 € 1 940 217 € 1 482 421 € 751 918 € 1 582 624 € 1 134 318 € 894 135 €
Net margin 0.3% 0.2% 0.6% 0.3% -0.2% -0.2% 1.0% 0.2% 0.8%

Revenue and income statement

In 2024, CBRE GWS FRANCE SAS achieves revenue of 227.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +22.3%. Vs 2023, growth of +22% (185.8 M€ -> 227.1 M€). After deducting consumption (84 k€), gross margin stands at 227.1 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 663 k€, representing 0.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 652 k€, i.e. 0.3% of revenue. This profit can be retained or distributed to shareholders.

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

227 149 288 €

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

227 065 242 €

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

663 269 €

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

252 831 €

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

651 928 €

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

0.3%

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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 59%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 0.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

58.604%

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

8.82%

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

0.509%

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

4.301

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

56.6%

Solvency indicators evolution
CBRE GWS FRANCE SAS

Sector positioning

Debt ratio
58.6 2024
2022
2023
2024
Q1: 0.0
Med: 2.38
Q3: 53.45
Average +18 pts over 3 years

In 2024, the debt ratio of CBRE GWS FRANCE SAS (58.60) 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
8.82% 2024
2022
2023
2024
Q1: 4.2%
Med: 31.33%
Q3: 59.89%
Average

In 2024, the financial autonomy of CBRE GWS FRANCE SAS (8.8%) 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
4.3 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.8 years
Watch

In 2024, the repayment capacity of CBRE GWS FRANCE SAS (4.30) 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 116.77. 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 30.7x. 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

116.767

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

30.691

Liquidity indicators evolution
CBRE GWS FRANCE SAS

Sector positioning

Liquidity ratio
116.77 2024
2022
2023
2024
Q1: 113.91
Med: 175.06
Q3: 363.72
Average

In 2024, the liquidity ratio of CBRE GWS FRANCE SAS (116.77) 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
30.69x 2024
2022
2023
2024
Q1: -0.0x
Med: 0.0x
Q3: 1.9x
Excellent

In 2024, the interest coverage of CBRE GWS FRANCE SAS (30.7x) 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: 102 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 98 days. The company must finance 4 days of gap between collections and payments. Overall, WCR represents 101 days of revenue, i.e. 63.8 M€ to permanently finance. Over 2016-2024, WCR increased by +341%, 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

63 801 692 €

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

102 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

98 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

101 j

WCR and payment terms evolution
CBRE GWS FRANCE SAS

Positioning of CBRE GWS FRANCE SAS in its sector

Comparison with sector Autre mise à disposition de ressources humaines

Valuation estimate

Based on 147 transactions of similar company sales (all years), the value of CBRE GWS FRANCE SAS is estimated at 6 378 303 € (range 4 558 808€ - 11 545 902€). With an EBITDA of 663 269€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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 2024
147 transactions
4558k€ 6378k€ 11545k€
6 378 303 € Range: 4 558 808€ - 11 545 902€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
663 269 € × 2.0x
Estimation 1 348 774 €
650 664€ - 2 901 661€
Revenue Multiple 30%
227 149 288 € × 0.08x
Estimation 18 188 411 €
13 715 769€ - 31 241 289€
Net Income Multiple 20%
651 928 € × 1.9x
Estimation 1 236 966 €
593 727€ - 3 613 426€
How is this estimate calculated?

This estimate is based on the analysis of 147 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 (Autre mise à disposition de ressources humaines)

Compare CBRE GWS FRANCE SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Autre mise à disposition de ressources humaines

Frequently asked questions about CBRE GWS FRANCE SAS

What is the revenue of CBRE GWS FRANCE SAS ?

The revenue of CBRE GWS FRANCE SAS in 2024 is 227.1 M€.

Is CBRE GWS FRANCE SAS profitable?

Yes, CBRE GWS FRANCE SAS generated a net profit of 652 k€ in 2024.

Where is the headquarters of CBRE GWS FRANCE SAS ?

The headquarters of CBRE GWS FRANCE SAS is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of CBRE GWS FRANCE SAS ?

The tax return of CBRE GWS FRANCE SAS 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 CBRE GWS FRANCE SAS operate?

CBRE GWS FRANCE SAS operates in the sector Autre mise à disposition de ressources humaines (NAF code 78.30Z). See the 'Sector positioning' section above to compare the company with its competitors.