CONSTRUCTION DES TROIS PROVINCES : revenue, balance sheet and financial ratios

CONSTRUCTION DES TROIS PROVINCES is a French company founded 48 years ago, specialized in the sector Construction de maisons individuelles. Based in CUGAND (85610), this company of category PME shows in 2016 a revenue of 12.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - CONSTRUCTION DES TROIS PROVINCES (SIREN 312938921)
Indicator 2016 2015 2014
Revenue 12 446 552 € 11 574 838 € 10 946 190 €
Net income 585 641 € 408 531 € 308 037 €
EBITDA 926 324 € 662 665 € 479 152 €
Net margin 4.7% 3.5% 2.8%

Revenue and income statement

In 2016, CONSTRUCTION DES TROIS PROVINCES achieves revenue of 12.4 M€. Over the period 2014-2016, the company shows strong growth with a CAGR (compound annual growth rate) of +6.6%. Vs 2015: +8%. After deducting consumption (1.3 M€), gross margin stands at 11.1 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 926 k€, representing 7.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 586 k€, i.e. 4.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2016) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

12 446 552 €

Gross margin (2016) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

11 141 671 €

EBITDA (2016) ?
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

926 324 €

EBIT (2016) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

825 793 €

Net income (2016) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

585 641 €

EBITDA margin (2016) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.4%

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Chart evolution

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2016) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

43.301%

Financial autonomy (2016) ?
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

14.929%

Cash flow / Revenue (2016) ?
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

5.289%

Repayment capacity (2016) ?
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

0.707

Asset age ratio (2016) ?
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

35.5%

Solvency indicators evolution
CONSTRUCTION DES TROIS PROVINCES

Sector positioning

Debt ratio
43.3 2016
2014
2015
2016
Q1: 0.0
Med: 7.52
Q3: 43.71
Average

In 2016, the debt ratio of CONSTRUCTION DES TROIS PR... (43.30) 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
14.93% 2016
2014
2015
2016
Q1: 3.78%
Med: 21.76%
Q3: 44.82%
Average

In 2016, the financial autonomy of CONSTRUCTION DES TROIS PR... (14.9%) 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
0.71 years 2016
2014
2015
2016
Q1: 0.0 years
Med: 0.0 years
Q3: 0.59 years
Average

In 2016, the repayment capacity of CONSTRUCTION DES TROIS PR... (0.71) 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 117.14. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2016) ?
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

117.135

Interest coverage (2016) ?
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

1.222

Liquidity indicators evolution
CONSTRUCTION DES TROIS PROVINCES

Sector positioning

Liquidity ratio
117.14 2016
2014
2015
2016
Q1: 116.95
Med: 162.41
Q3: 256.97
Average

In 2016, the liquidity ratio of CONSTRUCTION DES TROIS PR... (117.14) 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
1.22x 2016
2014
2015
2016
Q1: 0.0x
Med: 0.0x
Q3: 1.86x
Good -9 pts over 3 years

In 2016, the interest coverage of CONSTRUCTION DES TROIS PR... (1.2x) 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: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. The company must finance 3 days of gap between collections and payments. Inventory turnover is 87 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 38 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2014-2016, WCR increased by +62%, requiring additional financing.

Operating WCR (2016) ?
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

1 325 433 €

Customer credit (2016) ?
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

41 j

Supplier credit (2016) ?
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

38 j

Inventory turnover (2016) ?
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

87 j

WCR in days of revenue (2016) ?
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

38 j

WCR and payment terms evolution
CONSTRUCTION DES TROIS PROVINCES

Positioning of CONSTRUCTION DES TROIS PROVINCES in its sector

Comparison with sector Construction de maisons individuelles

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of CONSTRUCTION DES TROIS PROVINCES is estimated at 2 391 341 € (range 1 021 270€ - 4 885 426€). With an EBITDA of 926 324€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.11x (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 2016
113 transactions
1021k€ 2391k€ 4885k€
2 391 341 € Range: 1 021 270€ - 4 885 426€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
926 324 € × 3.6x
Estimation 3 379 449 €
1 273 538€ - 4 673 791€
Revenue Multiple 30%
12 446 552 € × 0.11x
Estimation 1 369 572 €
953 123€ - 5 369 846€
Net Income Multiple 20%
585 641 € × 2.5x
Estimation 1 453 727 €
492 822€ - 4 687 886€
How is this estimate calculated?

This estimate is based on the analysis of 113 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 (Construction de maisons individuelles)

Compare CONSTRUCTION DES TROIS PROVINCES with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de maisons individuelles

Frequently asked questions about CONSTRUCTION DES TROIS PROVINCES

What is the revenue of CONSTRUCTION DES TROIS PROVINCES ?

The revenue of CONSTRUCTION DES TROIS PROVINCES in 2016 is 12.4 M€.

Is CONSTRUCTION DES TROIS PROVINCES profitable?

Yes, CONSTRUCTION DES TROIS PROVINCES generated a net profit of 586 k€ in 2016.

Where is the headquarters of CONSTRUCTION DES TROIS PROVINCES ?

The headquarters of CONSTRUCTION DES TROIS PROVINCES is located in CUGAND (85610), in the department Vendee.

Where to find the tax return of CONSTRUCTION DES TROIS PROVINCES ?

The tax return of CONSTRUCTION DES TROIS 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 CONSTRUCTION DES TROIS PROVINCES operate?

CONSTRUCTION DES TROIS PROVINCES operates in the sector Construction de maisons individuelles (NAF code 41.20A). See the 'Sector positioning' section above to compare the company with its competitors.