ENTREPRISE GENERALE DU BATIMENT NIKOPROBAT : revenue, balance sheet and financial ratios

In 2022, ENTREPRISE GENERALE DU BATIMENT NIKOPROBAT achieves revenue of 902 k€. Over the period 2017-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +19.6%. Vs 2019, growth of +142% (372 k€ -> 902 k€). After deducting consumption (355 k€), gross margin stands at 547 k€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 38 k€, representing 4.2% of revenue. Warning negative scissor effect: despite revenue change (+142%), EBITDA varies by +51%, reducing margin by 2.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12 k€, i.e. 1.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 87%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 12%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

The liquidity ratio (= Current assets / Current liabilities) stands at 117.54. 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 2.6x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 99 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 26 days. The gap of 73 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 25 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 11 days of revenue, i.e. 29 k€ to permanently finance. Over 2017-2022, WCR increased by +2965%, requiring additional financing.

Based on 113 transactions of similar company sales (all years), the value of ENTREPRISE GENERALE DU BATIMENT NIKOPROBAT is estimated at 91 358 € (range 48 311€ - 149 094€). With an EBITDA of 37 931€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (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.