COMPLEXE AQUATIQUE DE 3 PROVINCES : revenue, balance sheet and financial ratios

COMPLEXE AQUATIQUE DE 3 PROVINCES is a French company founded 23 years ago, specialized in the sector Gestion d'installations sportives. Based in BREST (29200), this company of category PME shows in 2023 a revenue of 698 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

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

Financial history - COMPLEXE AQUATIQUE DE 3 PROVINCES (SIREN 442603650)
Indicator 2023 2022
Revenue 698 234 € 631 577 €
Net income -48 766 € 1 131 €
EBITDA 31 955 € 74 769 €
Net margin -7.0% 0.2%

Revenue and income statement

In 2023, COMPLEXE AQUATIQUE DE 3 PROVINCES achieves revenue of 698 k€. Vs 2022, growth of +11% (632 k€ -> 698 k€). After deducting consumption (3 k€), gross margin stands at 695 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 32 k€, representing 4.6% of revenue. Warning negative scissor effect: despite revenue change (+11%), EBITDA varies by -57%, reducing margin by 7.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -49 k€ (-7.0% 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

698 234 €

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

695 310 €

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

31 955 €

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

-128 257 €

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

-48 766 €

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

4.5%

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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 0%. 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 25%. The balance between equity and debt is satisfactory. Cash flow represents 3.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

0.0%

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

24.934%

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

3.428%

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

0.0

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

4.2%

Solvency indicators evolution
COMPLEXE AQUATIQUE DE 3 PROVINCES

Sector positioning

Debt ratio
0.0 2023
2022
2023
Q1: -35.71
Med: 4.12
Q3: 88.31
Good

In 2023, the debt ratio of COMPLEXE AQUATIQUE DE 3 P... (0.00) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
24.93% 2023
2022
2023
Q1: -11.22%
Med: 12.28%
Q3: 44.73%
Good -15 pts over 2 years

In 2023, the financial autonomy of COMPLEXE AQUATIQUE DE 3 P... (24.9%) 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
0.0 years 2023
2022
2023
Q1: -0.39 years
Med: 0.0 years
Q3: 2.26 years
Good -8 pts over 2 years

In 2023, the repayment capacity of COMPLEXE AQUATIQUE DE 3 P... (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 119.90. 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 3.0x. Financial charges are adequately covered by operations.

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

119.903

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

3.048

Liquidity indicators evolution
COMPLEXE AQUATIQUE DE 3 PROVINCES

Sector positioning

Liquidity ratio
119.9 2023
2022
2023
Q1: 76.26
Med: 131.2
Q3: 260.05
Average

In 2023, the liquidity ratio of COMPLEXE AQUATIQUE DE 3 P... (119.90) 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
3.05x 2023
2022
2023
Q1: -0.71x
Med: 0.0x
Q3: 5.3x
Good -11 pts over 2 years

In 2023, the interest coverage of COMPLEXE AQUATIQUE DE 3 P... (3.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 159 days. Excellent situation: suppliers finance 159 days of the operating cycle (retail model). WCR is negative (-1 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

-2 891 €

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

0 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

159 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

0 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

-1 j

WCR and payment terms evolution
COMPLEXE AQUATIQUE DE 3 PROVINCES

Positioning of COMPLEXE AQUATIQUE DE 3 PROVINCES in its sector

Comparison with sector Gestion d'installations sportives

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of COMPLEXE AQUATIQUE DE 3 PROVINCES is estimated at 230 188 € (range 93 080€ - 369 913€). With an EBITDA of 31 955€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.57x (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
73 tx
93k€ 230k€ 369k€
230 188 € Range: 93 080€ - 369 913€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
31 955 € × 4.0x
Estimation 128 916 €
73 395€ - 205 875€
Revenue Multiple 30%
698 234 € × 0.57x
Estimation 398 976 €
125 889€ - 643 310€
How is this estimate calculated?

This estimate is based on the analysis of 73 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 (Gestion d'installations sportives)

Compare COMPLEXE AQUATIQUE DE 3 PROVINCES with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion d'installations sportives

Frequently asked questions about COMPLEXE AQUATIQUE DE 3 PROVINCES

What is the revenue of COMPLEXE AQUATIQUE DE 3 PROVINCES ?

The revenue of COMPLEXE AQUATIQUE DE 3 PROVINCES in 2023 is 698 k€.

Is COMPLEXE AQUATIQUE DE 3 PROVINCES profitable?

COMPLEXE AQUATIQUE DE 3 PROVINCES recorded a net loss in 2023.

Where is the headquarters of COMPLEXE AQUATIQUE DE 3 PROVINCES ?

The headquarters of COMPLEXE AQUATIQUE DE 3 PROVINCES is located in BREST (29200), in the department Finistere.

Where to find the tax return of COMPLEXE AQUATIQUE DE 3 PROVINCES ?

The tax return of COMPLEXE AQUATIQUE DE 3 PROVINCES 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 COMPLEXE AQUATIQUE DE 3 PROVINCES operate?

COMPLEXE AQUATIQUE DE 3 PROVINCES operates in the sector Gestion d'installations sportives (NAF code 93.11Z). See the 'Sector positioning' section above to compare the company with its competitors.