COGENERATION BIOMASSE DE NOVILLARS : revenue, balance sheet and financial ratios

COGENERATION BIOMASSE DE NOVILLARS is a French company founded 16 years ago, specialized in the sector Production d'électricité. Based in NOVILLARS (25220), this company of category ETI shows in 2023 a revenue of 31.3 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 - COGENERATION BIOMASSE DE NOVILLARS (SIREN 519522114)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 31 285 138 € 28 575 865 € 21 193 982 € 18 613 344 € 12 341 489 € 955 364 € N/C N/C
Net income -901 331 € -752 657 € -2 640 012 € -6 005 611 € -10 483 102 € -2 877 989 € -789 207 € -601 896 €
EBITDA 8 782 352 € 8 614 268 € 5 054 226 € 3 520 500 € -1 205 800 € -1 089 968 € -971 688 € -1 704 645 €
Net margin -2.9% -2.6% -12.5% -32.3% -84.9% -301.2% N/C N/C

Revenue and income statement

In 2023, COGENERATION BIOMASSE DE NOVILLARS achieves revenue of 31.3 M€. Over the period 2018-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +100.9%. Vs 2022: +9%. After deducting consumption (-22 k€), gross margin stands at 31.3 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 8.8 M€, representing 28.1% of revenue. Warning negative scissor effect: despite revenue change (+9%), EBITDA varies by +2%, reducing margin by 2.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -901 k€ (-2.9% 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

31 285 138 €

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

31 307 171 €

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

8 782 352 €

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

5 790 334 €

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

-901 331 €

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

28.1%

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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 -633%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 21.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 13.6% 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

-632.835%

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

-17.484%

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

13.643%

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

21.257

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

81.8%

Solvency indicators evolution
COGENERATION BIOMASSE DE NOVILLARS

Sector positioning

Debt ratio
-632.84 2023
2021
2022
2023
Q1: -242.24
Med: 0.0
Q3: 190.04
Excellent

In 2023, the debt ratio of COGENERATION BIOMASSE DE ... (-632.84) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-17.48% 2023
2021
2022
2023
Q1: -6.3%
Med: 6.35%
Q3: 49.74%
Average

In 2023, the financial autonomy of COGENERATION BIOMASSE DE ... (-17.5%) 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
21.26 years 2023
2021
2022
2023
Q1: -3.51 years
Med: 0.0 years
Q3: 6.0 years
Average

In 2023, the repayment capacity of COGENERATION BIOMASSE DE ... (21.26) 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 204.77. 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 51.8x. 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

204.772

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

51.796

Liquidity indicators evolution
COGENERATION BIOMASSE DE NOVILLARS

Sector positioning

Liquidity ratio
204.77 2023
2021
2022
2023
Q1: 87.04
Med: 274.98
Q3: 887.78
Average +17 pts over 3 years

In 2023, the liquidity ratio of COGENERATION BIOMASSE DE ... (204.77) 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
51.8x 2023
2021
2022
2023
Q1: -3.13x
Med: 0.15x
Q3: 16.93x
Excellent

In 2023, the interest coverage of COGENERATION BIOMASSE DE ... (51.8x) 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: 67 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. The company must finance 5 days of gap between collections and payments. Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-0 days): operations structurally generate cash.

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

-8 447 €

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

67 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

62 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

2 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

0 j

WCR and payment terms evolution
COGENERATION BIOMASSE DE NOVILLARS

Positioning of COGENERATION BIOMASSE DE NOVILLARS in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of COGENERATION BIOMASSE DE NOVILLARS is estimated at 21 398 120 € (range 3 055 350€ - 91 023 482€). With an EBITDA of 8 782 352€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.69x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
85 tx
3055k€ 21398k€ 91023k€
21 398 120 € Range: 3 055 350€ - 91 023 482€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
8 782 352 € × 2.4x
Estimation 21 250 399 €
2 331 869€ - 79 735 343€
Revenue Multiple 30%
31 285 138 € × 0.69x
Estimation 21 644 323 €
4 261 152€ - 109 837 048€
How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Production d'électricité)

Compare COGENERATION BIOMASSE DE NOVILLARS with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about COGENERATION BIOMASSE DE NOVILLARS

What is the revenue of COGENERATION BIOMASSE DE NOVILLARS ?

The revenue of COGENERATION BIOMASSE DE NOVILLARS in 2023 is 31.3 M€.

Is COGENERATION BIOMASSE DE NOVILLARS profitable?

COGENERATION BIOMASSE DE NOVILLARS recorded a net loss in 2023.

Where is the headquarters of COGENERATION BIOMASSE DE NOVILLARS ?

The headquarters of COGENERATION BIOMASSE DE NOVILLARS is located in NOVILLARS (25220), in the department Doubs.

Where to find the tax return of COGENERATION BIOMASSE DE NOVILLARS ?

The tax return of COGENERATION BIOMASSE DE NOVILLARS 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 COGENERATION BIOMASSE DE NOVILLARS operate?

COGENERATION BIOMASSE DE NOVILLARS operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.