CITYA BELVEDERE : revenue, balance sheet and financial ratios

CITYA BELVEDERE is a French company founded 35 years ago, specialized in the sector Administration d'immeubles et autres biens immobiliers. Based in SAINTE-SUZANNE (97441), this company of category ETI shows in 2025 a revenue of 1.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - CITYA BELVEDERE (SIREN 381646173)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 857 517 € 2 034 008 € 2 111 812 € 1 778 477 € 1 825 491 € 1 614 356 € 1 581 670 € 660 691 € N/C N/C
Net income 461 644 € 653 813 € 676 373 € 489 325 € 587 759 € 517 818 € 536 227 € 208 017 € 606 € -2 094 €
EBITDA 617 562 € 854 876 € 901 742 € 692 471 € 738 832 € 537 707 € 553 902 € 175 012 € 606 € -2 094 €
Net margin 24.9% 32.1% 32.0% 27.5% 32.2% 32.1% 33.9% 31.5% N/C N/C

Revenue and income statement

In 2025, CITYA BELVEDERE achieves revenue of 1.9 M€. Over the period 2018-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +15.9%. Slight decline of -9% vs 2024. After deducting consumption (0 €), gross margin stands at 1.9 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 618 k€, representing 33.2% of revenue. Warning negative scissor effect: despite revenue change (-9%), EBITDA varies by -28%, reducing margin by 8.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 462 k€, i.e. 24.9% of revenue. This profit can be retained or distributed to shareholders.

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

1 857 517 €

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

1 857 517 €

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

617 562 €

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

596 905 €

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

461 644 €

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

33.1%

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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 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 25.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

38.87%

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

14.944%

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

25.432%

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

0.498

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

15.5%

Solvency indicators evolution
CITYA BELVEDERE

Sector positioning

Debt ratio
38.87 2025
2023
2024
2025
Q1: 0.12
Med: 13.76
Q3: 61.03
Average

In 2025, the debt ratio of CITYA BELVEDERE (38.87) 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
14.94% 2025
2023
2024
2025
Q1: 5.16%
Med: 18.73%
Q3: 50.05%
Average -8 pts over 3 years

In 2025, the financial autonomy of CITYA BELVEDERE (14.9%) 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
0.5 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.2 years
Q3: 3.38 years
Average

In 2025, the repayment capacity of CITYA BELVEDERE (0.50) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 110.45. 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 1.0x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

110.452

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

1.04

Liquidity indicators evolution
CITYA BELVEDERE

Sector positioning

Liquidity ratio
110.45 2025
2023
2024
2025
Q1: 100.51
Med: 110.06
Q3: 375.62
Good

In 2025, the liquidity ratio of CITYA BELVEDERE (110.45) 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
1.04x 2025
2023
2024
2025
Q1: -0.06x
Med: 0.0x
Q3: 5.54x
Good

In 2025, the interest coverage of CITYA BELVEDERE (1.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 24 days. Favorable situation: supplier credit is longer than customer credit by 23 days. WCR is negative (-185 days): operations structurally generate 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

-953 872 €

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

1 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

24 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

0 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

-185 j

WCR and payment terms evolution
CITYA BELVEDERE

Positioning of CITYA BELVEDERE in its sector

Comparison with sector Administration d'immeubles et autres biens immobiliers

Valuation estimate

Based on 277 transactions of similar company sales (all years), the value of CITYA BELVEDERE is estimated at 774 569 € (range 265 437€ - 2 216 841€). With an EBITDA of 617 562€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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
277 transactions
265k€ 774k€ 2216k€
774 569 € Range: 265 437€ - 2 216 841€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
617 562 € × 1.3x
Estimation 819 054 €
284 982€ - 2 471 188€
Revenue Multiple 30%
1 857 517 € × 0.29x
Estimation 530 052 €
255 487€ - 1 156 365€
Net Income Multiple 20%
461 644 € × 2.2x
Estimation 1 030 135 €
231 506€ - 3 171 690€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 277 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 (Administration d'immeubles et autres biens immobiliers)

Compare CITYA BELVEDERE with other companies in the same sector:

Voir toutes les statistiques du secteur Administration d'immeubles et autres biens immobiliers

Frequently asked questions about CITYA BELVEDERE

What is the revenue of CITYA BELVEDERE ?

The revenue of CITYA BELVEDERE in 2025 is 1.9 M€.

Is CITYA BELVEDERE profitable?

Yes, CITYA BELVEDERE generated a net profit of 462 k€ in 2025.

Where is the headquarters of CITYA BELVEDERE ?

The headquarters of CITYA BELVEDERE is located in SAINTE-SUZANNE (97441), in the department La Reunion.

Where to find the tax return of CITYA BELVEDERE ?

The tax return of CITYA BELVEDERE 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 CITYA BELVEDERE operate?

CITYA BELVEDERE operates in the sector Administration d'immeubles et autres biens immobiliers (NAF code 68.32A). See the 'Sector positioning' section above to compare the company with its competitors.