FBI - FREDERIC BERNARD INTERNATIONAL : revenue, balance sheet and financial ratios

FBI - FREDERIC BERNARD INTERNATIONAL is a French company founded 20 years ago, specialized in the sector Activités des sociétés holding. Based in MEUDON (92190), this company of category PME shows in 2021 a revenue of 316 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - FBI - FREDERIC BERNARD INTERNATIONAL (SIREN 489771642)
Indicator 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 315 625 € 180 000 € 1 703 300 € 341 460 € 94 000 € 210 000 € 120 000 € 110 000 €
Net income -112 589 € 217 113 € 388 791 € 478 105 € 84 166 € -167 445 € -191 795 € 45 543 €
EBITDA 188 639 € -25 196 € 377 929 € 215 896 € -90 380 € -63 348 € -27 764 € 12 960 €
Net margin -35.7% 120.6% 22.8% 140.0% 89.5% -79.7% -159.8% 41.4%

Revenue and income statement

In 2021, FBI - FREDERIC BERNARD INTERNATIONAL achieves revenue of 316 k€. Over the period 2014-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +16.3%. Vs 2020, growth of +75% (180 k€ -> 316 k€). After deducting consumption (0 €), gross margin stands at 316 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 189 k€, representing 59.8% of revenue. Positive scissor effect: EBITDA margin improves by +73.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -113 k€ (-35.7% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

315 625 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

315 625 €

EBITDA (2021) ?
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

188 639 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

175 509 €

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

-112 589 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

58.9%

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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 434%. 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 18%. 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

434.056%

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

17.713%

Cash flow / Revenue (2021) ?
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

-31.068%

Repayment capacity (2021) ?
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

-63.688

Asset age ratio (2021) ?
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

10.2%

Solvency indicators evolution
FBI - FREDERIC BERNARD INTERNATIONAL

Sector positioning

Debt ratio
434.06 2021
2019
2020
2021
Q1: 0.13
Med: 15.19
Q3: 84.93
Average

In 2021, the debt ratio of FBI - FREDERIC BERNARD IN... (434.06) 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
17.71% 2021
2019
2020
2021
Q1: 21.52%
Med: 60.87%
Q3: 89.3%
Average

In 2021, the financial autonomy of FBI - FREDERIC BERNARD IN... (17.7%) 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
-63.69 years 2021
2019
2020
2021
Q1: -0.0 years
Med: 0.11 years
Q3: 3.68 years
Excellent -50 pts over 3 years

In 2021, the repayment capacity of FBI - FREDERIC BERNARD IN... (-63.69) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 120.54. 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 22.9x. Operating income very largely covers interest expenses: high safety margin.

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

120.538

Interest coverage (2021) ?
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

22.872

Liquidity indicators evolution
FBI - FREDERIC BERNARD INTERNATIONAL

Sector positioning

Liquidity ratio
120.54 2021
2019
2020
2021
Q1: 108.17
Med: 446.13
Q3: 2343.75
Average -20 pts over 3 years

In 2021, the liquidity ratio of FBI - FREDERIC BERNARD IN... (120.54) 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
22.87x 2021
2019
2020
2021
Q1: -44.79x
Med: 0.0x
Q3: 0.0x
Excellent

In 2021, the interest coverage of FBI - FREDERIC BERNARD IN... (22.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 392 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 298 days. The gap of 94 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 3027 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 3080 days of revenue, i.e. 2.7 M€ to permanently finance. Over 2014-2021, WCR increased by +157448%, requiring additional financing.

Operating WCR (2021) ?
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

2 700 052 €

Customer credit (2021) ?
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

392 j

Supplier credit (2021) ?
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

298 j

Inventory turnover (2021) ?
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

3027 j

WCR in days of revenue (2021) ?
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

3080 j

WCR and payment terms evolution
FBI - FREDERIC BERNARD INTERNATIONAL

Positioning of FBI - FREDERIC BERNARD INTERNATIONAL in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 98 transactions of similar company sales in 2021, the value of FBI - FREDERIC BERNARD INTERNATIONAL is estimated at 673 369 € (range 353 598€ - 1 069 020€). With an EBITDA of 188 639€, the sector multiple of 5.2x is applied. The price/revenue ratio is 0.46x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2021
98 tx
353k€ 673k€ 1069k€
673 369 € Range: 353 598€ - 1 069 020€
NAF 5 année 2021

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
188 639 € × 5.2x
Estimation 989 481 €
522 774€ - 1 525 956€
Revenue Multiple 30%
315 625 € × 0.46x
Estimation 146 518 €
71 639€ - 307 460€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Activités des sociétés holding)

Compare FBI - FREDERIC BERNARD INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about FBI - FREDERIC BERNARD INTERNATIONAL

What is the revenue of FBI - FREDERIC BERNARD INTERNATIONAL ?

The revenue of FBI - FREDERIC BERNARD INTERNATIONAL in 2021 is 316 k€.

Is FBI - FREDERIC BERNARD INTERNATIONAL profitable?

FBI - FREDERIC BERNARD INTERNATIONAL recorded a net loss in 2021.

Where is the headquarters of FBI - FREDERIC BERNARD INTERNATIONAL ?

The headquarters of FBI - FREDERIC BERNARD INTERNATIONAL is located in MEUDON (92190), in the department Hauts-de-Seine.

Where to find the tax return of FBI - FREDERIC BERNARD INTERNATIONAL ?

The tax return of FBI - FREDERIC BERNARD INTERNATIONAL 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 FBI - FREDERIC BERNARD INTERNATIONAL operate?

FBI - FREDERIC BERNARD INTERNATIONAL operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.