Les données financières de cette entreprise sont partiellement disponibles (liasse simplifiée ou données confidentielles). Certaines sections ne sont pas affichées.

COVE BAY : revenue, balance sheet and financial ratios

COVE BAY is a French company founded 6 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in BINIC-ETABLES-SUR-MER (22520), this company of category PME shows in 2021 a net income positive of 17 k€. 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 - COVE BAY (SIREN 879867000)
Indicator 2021 2020
Revenue N/C N/C
Net income 16 901 € -8 902 €
EBITDA N/C N/C
Net margin N/C N/C

Revenue and income statement

In 2021, COVE BAY generates positive net income of 17 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax.

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

16 901 €

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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 1459%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1458.728%

Financial autonomy (2021) ?
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

6.248%

Solvency indicators evolution
COVE BAY

Sector positioning

Debt ratio
1458.73 2021
2020
2021
Q1: -2.0
Med: 12.57
Q3: 178.71
Average +50 pts over 2 years

In 2021, the debt ratio of COVE BAY (1458.73) 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
6.25% 2021
2020
2021
Q1: 2.35%
Med: 38.31%
Q3: 81.37%
Average

In 2021, the financial autonomy of COVE BAY (6.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 34.61. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

34.607

Liquidity indicators evolution
COVE BAY

Sector positioning

Liquidity ratio
34.61 2021
2020
2021
Q1: 84.53
Med: 265.45
Q3: 1031.63
Watch

In 2021, the liquidity ratio of COVE BAY (34.61) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Positioning of COVE BAY in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 178 transactions of similar company sales in 2021, the value of COVE BAY is estimated at 110 245 € (range 45 777€ - 241 253€). 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 2021
178 transactions
45k€ 110k€ 241k€
110 245 € Range: 45 777€ - 241 253€
NAF 5 année 2021

Valuation method used

Net Income Multiple
16 901 € × 6.5x = 110 246 €
Range: 45 778€ - 241 253€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 178 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 (Location de terrains et d'autres biens immobiliers)

Compare COVE BAY with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about COVE BAY

What is the revenue of COVE BAY ?

The revenue of COVE BAY is not publicly disclosed (confidential accounts filed with INPI).

Is COVE BAY profitable?

Yes, COVE BAY generated a net profit of 17 k€ in 2021.

Where is the headquarters of COVE BAY ?

The headquarters of COVE BAY is located in BINIC-ETABLES-SUR-MER (22520), in the department Cotes-d'Armor.

Where to find the tax return of COVE BAY ?

The tax return of COVE BAY 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 COVE BAY operate?

COVE BAY operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.