SIREN : 449543636
CODIM is a French company founded 22 years ago, specialized in the sector Hypermarchés. Based in MONTAIGU-VENDEE (85600), this company of category ETI shows in 2021 a revenue of 57.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| Revenue | 57 097 325 € | 54 915 374 € | 55 777 021 € | 54 248 569 € | 51 100 072 € | 48 210 864 € | 47 651 269 € |
| Net income | 1 248 306 € | 1 137 776 € | 1 274 558 € | 1 311 877 € | 1 365 690 € | 1 234 226 € | 1 151 071 € |
| EBITDA | 2 894 292 € | 2 737 047 € | 2 708 601 € | 2 813 203 € | 2 875 718 € | 2 922 787 € | 2 792 570 € |
| Net margin | 2.2% | 2.1% | 2.3% | 2.4% | 2.7% | 2.6% | 2.4% |
In 2021, CODIM achieves revenue of 57.1 M€. Revenue is growing positively over 7 years (CAGR: +3.1%). Vs 2020: +4%. After deducting consumption (43.9 M€), gross margin stands at 13.2 M€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.9 M€, representing 5.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.2 M€, i.e. 2.2% of revenue. This profit can be retained or distributed to shareholders.
57 097 325 €
13 207 628 €
2 894 292 €
2 336 582 €
1 248 306 €
5.1%
The debt ratio (= Financial debt / Equity x 100) stands at 108%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 33%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
107.799%
33.179%
3.217%
3.415
28.7%
In 2021, the debt ratio of CODIM (107.80) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2021, the financial autonomy of CODIM (33.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2021, the repayment capacity of CODIM (3.42) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 220.44. 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 2.5x. Financial charges are adequately covered by operations.
220.438
2.495
In 2021, the liquidity ratio of CODIM (220.44) 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.
In 2021, the interest coverage of CODIM (2.5x) 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) 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: 29 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 18 days of revenue, i.e. 2.9 M€ to permanently finance. Over 2015-2021, WCR increased by +34%, requiring additional financing.
2 860 576 €
1 j
29 j
21 j
18 j
Based on 291 transactions of similar company sales in 2021, the value of CODIM is estimated at 10 990 520 € (range 5 884 367€ - 19 900 706€). With an EBITDA of 2 894 292€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.24x (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.
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This estimate is based on the analysis of 291 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare CODIM with other companies in the same sector:
The revenue of CODIM in 2021 is 57.1 M€.
Yes, CODIM generated a net profit of 1.2 M€ in 2021.
The headquarters of CODIM is located in MONTAIGU-VENDEE (85600), in the department Vendee.
The tax return of CODIM 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).
CODIM operates in the sector Hypermarchés (NAF code 47.11F). See the 'Sector positioning' section above to compare the company with its competitors.