FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL : revenue, balance sheet and financial ratios

FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL is a French company founded 72 years ago, specialized in the sector Promotion immobilière de logements. Based in BOULOGNE-SUR-MER (62200), this company of category GE shows in 2021 a revenue of 7.5 M€. 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 - FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL (SIREN 615420668)
Indicator 2021 2020 2018 2017 2016
Revenue 7 454 943 € 6 440 899 € 6 718 297 € 7 185 846 € 4 434 106 €
Net income 648 314 € -471 764 € -37 719 € 166 643 € 24 558 €
EBITDA 852 529 € 505 265 € 152 507 € 348 593 € 242 626 €
Net margin 8.7% -7.3% -0.6% 2.3% 0.6%

Revenue and income statement

In 2021, FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL achieves revenue of 7.5 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +11.0%. Vs 2020, growth of +16% (6.4 M€ -> 7.5 M€). After deducting consumption (5.1 M€), gross margin stands at 2.4 M€, i.e. a rate of 32%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 853 k€, representing 11.4% of revenue. Positive scissor effect: EBITDA margin improves by +3.6 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 648 k€, i.e. 8.7% of revenue. This profit can be retained or distributed to shareholders.

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

7 454 943 €

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

2 364 996 €

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

852 529 €

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

1 413 015 €

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

648 314 €

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

11.4%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 109%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 42%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 23.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

109.036%

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

42.396%

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

7.393%

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

23.616

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

91.2%

Solvency indicators evolution
FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL

Sector positioning

Debt ratio
109.04 2021
2018
2020
2021
Q1: 0.0
Med: 9.83
Q3: 163.63
Average -9 pts over 3 years

In 2021, the debt ratio of FLANDRE OPALE ACCESSION S... (109.04) 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
42.4% 2021
2018
2020
2021
Q1: 0.09%
Med: 18.38%
Q3: 59.11%
Good +9 pts over 3 years

In 2021, the financial autonomy of FLANDRE OPALE ACCESSION S... (42.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
23.62 years 2021
2018
2020
2021
Q1: -2.56 years
Med: 0.0 years
Q3: 2.29 years
Average

In 2021, the repayment capacity of FLANDRE OPALE ACCESSION S... (23.62) 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 1254.63. 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 16.6x. 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

1254.63

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

16.635

Liquidity indicators evolution
FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL

Sector positioning

Liquidity ratio
1254.63 2021
2018
2020
2021
Q1: 141.43
Med: 327.34
Q3: 984.63
Excellent

In 2021, the liquidity ratio of FLANDRE OPALE ACCESSION S... (1254.63) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
16.64x 2021
2018
2020
2021
Q1: -2.88x
Med: 0.0x
Q3: 2.57x
Excellent

In 2021, the interest coverage of FLANDRE OPALE ACCESSION S... (16.6x) 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: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 79 days. Excellent situation: suppliers finance 45 days of the operating cycle (retail model). Inventory turnover is 853 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 852 days of revenue, i.e. 17.6 M€ to permanently finance.

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

17 633 699 €

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

34 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

79 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

853 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

852 j

WCR and payment terms evolution
FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL

Positioning of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL in its sector

Comparison with sector Promotion immobilière de logements

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL is estimated at 1 357 894 € (range 496 200€ - 3 677 488€). With an EBITDA of 852 529€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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
80 tx
496k€ 1357k€ 3677k€
1 357 894 € Range: 496 200€ - 3 677 488€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
852 529 € × 1.0x
Estimation 855 399 €
353 236€ - 2 601 649€
Revenue Multiple 30%
7 454 943 € × 0.28x
Estimation 2 085 604 €
749 960€ - 5 129 421€
Net Income Multiple 20%
648 314 € × 2.3x
Estimation 1 522 569 €
472 971€ - 4 189 188€
How is this estimate calculated?

This estimate is based on the analysis of 80 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 (Promotion immobilière de logements)

Compare FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL with other companies in the same sector:

Voir toutes les statistiques du secteur Promotion immobilière de logements

Frequently asked questions about FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL

What is the revenue of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL ?

The revenue of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL in 2021 is 7.5 M€.

Is FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL profitable?

Yes, FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL generated a net profit of 648 k€ in 2021.

Where is the headquarters of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL ?

The headquarters of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL is located in BOULOGNE-SUR-MER (62200), in the department Pas-de-Calais.

Where to find the tax return of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL ?

The tax return of FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL 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 FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL operate?

FLANDRE OPALE ACCESSION SOCIETE ANONYME COOPERATIVE D'INTERET COLLECTIF D'HABITATIONS A LOYER MODERE, SOCIETE A CAPITAL operates in the sector Promotion immobilière de logements (NAF code 41.10A). See the 'Sector positioning' section above to compare the company with its competitors.