CODE IMAGE : revenue, balance sheet and financial ratios

CODE IMAGE is a French company founded 8 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques . Based in CORENC (38700), this company of category PME shows in 2024 a revenue of 6 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-06-06

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

Synthèse

Santé financière : Sous tension

Point(s) de vigilance : exercice déficitaire.

In summary, CODE IMAGE is currently loss-making, which weighs on its accounts. Its financial structure is broadly in line with its sector.

Financial history - CODE IMAGE (SIREN 839323177)
Indicator 2024 2023 2022 2021 2020 2019
Revenue 6 279 € 7 604 € 9 562 € 9 731 € 13 547 € 32 031 €
Net income -64 € 865 € 2 287 € 643 € 2 530 € 4 485 €
EBITDA 244 € 1 160 € 1 872 € 847 € 3 141 € 5 380 €
Net margin -1.0% 11.4% 23.9% 6.6% 18.7% 14.0%

Revenue and income statement

In 2024, CODE IMAGE achieves revenue of 6 k€. Revenue is declining over the period 2020-2024 (CAGR: -17.5%). Significant drop of -17% vs 2023. After deducting consumption (1 k€), gross margin stands at 5 k€, i.e. a rate of 84%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 244 €, representing 3.9% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -79%, reducing margin by 11.4 pts. This reflects costs rising faster than revenue. This ratio is more favorable than the sector median (3.4%). Net income is negative at -64 € (-1.0% of revenue), which will impact equity.

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

6 279 €

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

5 278 €

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

244 €

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

-64 €

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

-64 €

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

3.9%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 47%. This ratio is slightly less favorable than the sector median (12.8%). Financial autonomy (= Equity / Total assets x 100) reaches 61%. This ratio is more favorable than the sector median (40.0%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 22.8 years of cash flow to repay all financial debt. This ratio is slightly less favorable than the sector median (0.3 years). Cash flow represents 3.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is more favorable than the sector median (2.7%).

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

46.88%

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

60.98%

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

3.85%

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

22.75

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

38.3%

Solvency indicators evolution
CODE IMAGE

Sector positioning

Debt ratio
46.88% 2024
Q1: 0.14%
Med: 12.79%
Q3: 51.98%
Average +19 pts over 3 years

In 2024, the debt ratio of CODE IMAGE (46.9%) 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
60.98% 2024
Q1: 13.91%
Med: 39.96%
Q3: 61.91%
Good

In 2024, the financial autonomy of CODE IMAGE (61.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.52 years 2022
Q1: 0.0 years
Med: 0.31 years
Q3: 2.5 years
Average

In 2022, the repayment capacity of CODE IMAGE (1.52) 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 9.37. Compared with its sector, this ratio places the company among the best positioned (sector median: 2.3).

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

9.37

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

0.0

Liquidity indicators evolution
CODE IMAGE

Sector positioning

Liquidity ratio
9.37 2024
Q1: 1.45
Med: 2.34
Q3: 4.08
Excellent

In 2024, the liquidity ratio of CODE IMAGE (9.37) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2024
Q1: 0.0x
Med: 0.28x
Q3: 6.67x
Average

In 2024, the interest coverage of CODE IMAGE (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. Excellent situation: suppliers finance 71 days of the operating cycle (retail model). Overall, WCR represents 2 days of revenue, i.e. 29 € to permanently finance. Between 2021 and 2024, WCR improved by 29 days of revenue, freeing up cash.

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

29 €

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

10 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

81 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

2 j

WCR and payment terms evolution
CODE IMAGE

Positioning of CODE IMAGE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'autres biens domestiques

Valuation estimate

Based on 145 transactions of similar company sales (all years), the value of CODE IMAGE is estimated at 847 € (range 398€ - 2 265€). With an EBITDA of 244€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.19x (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
145 transactions
0k€ 0k€ 2k€
847 € Range: 398€ - 2 265€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
244 € × 2.6x
Estimation 636 €
231€ - 1 788€
Revenue Multiple 30%
6 279 € × 0.19x
Estimation 1 201 €
676€ - 3 063€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 145 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 (Commerce de gros (commerce interentreprises) d'autres biens domestiques )

Compare CODE IMAGE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'autres biens domestiques

Top companies in Commerce de gros (commerce interentreprises) d'autres biens domestiques

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques :

Top companies in Isere

Largest companies by revenue in the department Isere:

Voir le classement complet du département Isere

Frequently asked questions about CODE IMAGE

What is the revenue of CODE IMAGE ?

The revenue of CODE IMAGE in 2024 is 6 k€.

Is CODE IMAGE profitable?

CODE IMAGE recorded a net loss in 2024.

Where is the headquarters of CODE IMAGE ?

The headquarters of CODE IMAGE is located in CORENC (38700), in the department Isere.

Where to find the tax return of CODE IMAGE ?

The tax return of CODE IMAGE 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 CODE IMAGE operate?

CODE IMAGE operates in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques (NAF code 46.49Z). See the 'Sector positioning' section above to compare the company with its competitors.