EOLIENNES DE LA CHAUSSEE BRUNEHAUT 3 : revenue, balance sheet and financial ratios

In 2024, EOLIENNES DE LA CHAUSSEE BRUNEHAUT 3 achieves revenue of 2.1 M€. Revenue is growing positively over 9 years (CAGR: +2.1%). Significant drop of -11% vs 2023. After deducting consumption (0 €), gross margin stands at 2.1 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 1.4 M€, representing 65.3% of revenue. Warning negative scissor effect: despite revenue change (-11%), EBITDA varies by -20%, reducing margin by 7.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 67 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 8598%. 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 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 49.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 384.53. 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 23.9x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 57 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The company must finance 10 days of gap between collections and payments. Overall, WCR represents 67 days of revenue, i.e. 396 k€ to permanently finance. Over 2016-2024, WCR increased by +84%, requiring additional financing.

Based on 85 transactions of similar company sales (all years), the value of EOLIENNES DE LA CHAUSSEE BRUNEHAUT 3 is estimated at 2 171 717 € (range 282 536€ - 8 733 528€). With an EBITDA of 1 396 286€, 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.