CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) : revenue, balance sheet and financial ratios

CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) is a French company founded 9 years ago, specialized in the sector Fabrication de meubles de bureau et de magasin. Based in ALES (30100), this company of category PME shows in 2023 a revenue of 2.4 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 - CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) (SIREN 827999087)
Indicator 2023 2022 2021 2020 2019 2018
Revenue 2 358 205 € 2 499 300 € 1 941 872 € 1 941 872 € 1 371 002 € 895 787 €
Net income 87 018 € 248 607 € 172 132 € 172 132 € 19 912 € 1 899 €
EBITDA 276 519 € 410 064 € 281 236 € 281 236 € -39 861 € -71 450 €
Net margin 3.7% 9.9% 8.9% 8.9% 1.5% 0.2%

Revenue and income statement

In 2023, CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) achieves revenue of 2.4 M€. Over the period 2018-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +21.4%. Slight decline of -6% vs 2022. After deducting consumption (1.1 M€), gross margin stands at 1.3 M€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 277 k€, representing 11.7% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -33%, reducing margin by 4.7 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 87 k€, i.e. 3.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 358 205 €

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

1 293 960 €

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

276 519 €

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

86 200 €

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

87 018 €

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

11.7%

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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 95%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.6% 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 (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

95.279%

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

43.018%

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

10.575%

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

2.417

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

65.3%

Solvency indicators evolution
CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION)

Sector positioning

Debt ratio
95.28 2023
2021
2022
2023
Q1: 8.9
Med: 27.46
Q3: 64.05
Watch +15 pts over 3 years

In 2023, the debt ratio of CODEFAB (CONCEPTION DEVEL... (95.28) 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
43.02% 2023
2021
2022
2023
Q1: 23.87%
Med: 43.21%
Q3: 58.69%
Average -16 pts over 3 years

In 2023, the financial autonomy of CODEFAB (CONCEPTION DEVEL... (43.0%) 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
2.42 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.85 years
Q3: 2.59 years
Average +22 pts over 3 years

In 2023, the repayment capacity of CODEFAB (CONCEPTION DEVEL... (2.42) 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 191.69. 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 1.9x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

191.691

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

1.891

Liquidity indicators evolution
CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION)

Sector positioning

Liquidity ratio
191.69 2023
2021
2022
2023
Q1: 161.52
Med: 225.07
Q3: 323.7
Average -32 pts over 3 years

In 2023, the liquidity ratio of CODEFAB (CONCEPTION DEVEL... (191.69) 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
1.89x 2023
2021
2022
2023
Q1: 0.0x
Med: 1.24x
Q3: 6.53x
Good

In 2023, the interest coverage of CODEFAB (CONCEPTION DEVEL... (1.9x) 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 31 days. Favorable situation: supplier credit is longer than customer credit by 23 days. Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 45 days of revenue, i.e. 292 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

292 017 €

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

8 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

31 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

46 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

45 j

WCR and payment terms evolution
CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION)

Positioning of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) in its sector

Comparison with sector Fabrication de meubles de bureau et de magasin

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 245 070€ to 1 554 916€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
245k€ 637k€ 1554k€
637 080 € Range: 245 070€ - 1 554 916€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 40 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 (Fabrication de meubles de bureau et de magasin)

Compare CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de meubles de bureau et de magasin

Frequently asked questions about CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION)

What is the revenue of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) ?

The revenue of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) in 2023 is 2.4 M€.

Is CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) profitable?

Yes, CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) generated a net profit of 87 k€ in 2023.

Where is the headquarters of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) ?

The headquarters of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) is located in ALES (30100), in the department Gard.

Where to find the tax return of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) ?

The tax return of CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) 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 CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) operate?

CODEFAB (CONCEPTION DEVELOPPEMENT FABRICATION) operates in the sector Fabrication de meubles de bureau et de magasin (NAF code 31.01Z). See the 'Sector positioning' section above to compare the company with its competitors.