CERF II ULOG FRENCH PROPCO III SNC : revenue, balance sheet and financial ratios

CERF II ULOG FRENCH PROPCO III SNC is a French company founded 3 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PARIS (75017), this company of category PME shows in 2023 a revenue of 739 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 - CERF II ULOG FRENCH PROPCO III SNC (SIREN 914024856)
Indicator 2023 2022
Revenue 739 283 € 319 544 €
Net income -794 891 € -230 762 €
EBITDA 337 063 € 5 435 €
Net margin -107.5% -72.2%

Revenue and income statement

In 2023, CERF II ULOG FRENCH PROPCO III SNC achieves revenue of 739 k€. Vs 2022, growth of +131% (320 k€ -> 739 k€). After deducting consumption (0 €), gross margin stands at 739 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 337 k€, representing 45.6% of revenue. Positive scissor effect: EBITDA margin improves by +43.9 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -795 k€ (-107.5% 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

739 283 €

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

739 283 €

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

337 063 €

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

-103 145 €

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

-794 891 €

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

45.6%

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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 409%. 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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

409.48%

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

19.287%

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

-47.977%

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

-32.562

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

95.5%

Solvency indicators evolution
CERF II ULOG FRENCH PROPCO III SNC

Sector positioning

Debt ratio
409.48 2023
2022
2023
Q1: -24.56
Med: 7.75
Q3: 165.49
Average

In 2023, the debt ratio of CERF II ULOG FRENCH PROPC... (409.48) 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
19.29% 2023
2022
2023
Q1: 0.43%
Med: 30.89%
Q3: 76.14%
Average

In 2023, the financial autonomy of CERF II ULOG FRENCH PROPC... (19.3%) 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
-32.56 years 2023
2022
2023
Q1: -0.3 years
Med: 0.44 years
Q3: 10.33 years
Excellent

In 2023, the repayment capacity of CERF II ULOG FRENCH PROPC... (-32.56) 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 809.36. 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 226.2x. 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

809.363

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

226.217

Liquidity indicators evolution
CERF II ULOG FRENCH PROPCO III SNC

Sector positioning

Liquidity ratio
809.36 2023
2022
2023
Q1: 95.06
Med: 298.09
Q3: 1218.26
Good -5 pts over 2 years

In 2023, the liquidity ratio of CERF II ULOG FRENCH PROPC... (809.36) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
226.22x 2023
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 16.98x
Excellent

In 2023, the interest coverage of CERF II ULOG FRENCH PROPC... (226.2x) 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: 100 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. The gap of 49 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 432 days of revenue, i.e. 887 k€ to permanently finance.

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

887 066 €

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

100 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

51 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

0 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

432 j

WCR and payment terms evolution
CERF II ULOG FRENCH PROPCO III SNC

Positioning of CERF II ULOG FRENCH PROPCO III SNC in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 215 transactions of similar company sales in 2023, the value of CERF II ULOG FRENCH PROPCO III SNC is estimated at 1 227 227 € (range 339 904€ - 2 068 331€). With an EBITDA of 337 063€, the sector multiple of 5.2x is applied. The price/revenue ratio is 0.51x (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.

Estimated enterprise value 2023
215 transactions
339k€ 1227k€ 2068k€
1 227 227 € Range: 339 904€ - 2 068 331€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
337 063 € × 5.2x
Estimation 1 737 069 €
440 714€ - 2 791 178€
Revenue Multiple 30%
739 283 € × 0.51x
Estimation 377 491 €
171 888€ - 863 588€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 215 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 (Location de terrains et d'autres biens immobiliers)

Compare CERF II ULOG FRENCH PROPCO III SNC with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about CERF II ULOG FRENCH PROPCO III SNC

What is the revenue of CERF II ULOG FRENCH PROPCO III SNC ?

The revenue of CERF II ULOG FRENCH PROPCO III SNC in 2023 is 739 k€.

Is CERF II ULOG FRENCH PROPCO III SNC profitable?

CERF II ULOG FRENCH PROPCO III SNC recorded a net loss in 2023.

Where is the headquarters of CERF II ULOG FRENCH PROPCO III SNC ?

The headquarters of CERF II ULOG FRENCH PROPCO III SNC is located in PARIS (75017), in the department Paris.

Where to find the tax return of CERF II ULOG FRENCH PROPCO III SNC ?

The tax return of CERF II ULOG FRENCH PROPCO III SNC 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 CERF II ULOG FRENCH PROPCO III SNC operate?

CERF II ULOG FRENCH PROPCO III SNC operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.