FONCIERE ETOILE LA BOETIE : revenue, balance sheet and financial ratios

FONCIERE ETOILE LA BOETIE is a French company founded 21 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PARIS (75017), this company of category ETI shows in 2024 a revenue of 953 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - FONCIERE ETOILE LA BOETIE (SIREN 477937452)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 953 077 € 1 051 725 € 1 010 599 € 997 761 € 968 824 € 995 519 € 990 374 € 980 566 € 952 918 €
Net income -608 644 € -815 075 € -187 380 € -205 771 € 86 276 € 38 501 € 40 435 € 48 401 € 33 938 €
EBITDA 393 147 € 681 343 € 722 457 € 707 893 € 713 437 € 701 776 € 700 371 € 688 370 € 705 116 €
Net margin -63.9% -77.5% -18.5% -20.6% 8.9% 3.9% 4.1% 4.9% 3.6%

Revenue and income statement

In 2024, FONCIERE ETOILE LA BOETIE achieves revenue of 953 k€. Revenue is growing positively over 9 years (CAGR: +0.0%). Slight decline of -9% vs 2023. After deducting consumption (0 €), gross margin stands at 953 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 393 k€, representing 41.3% of revenue. Warning negative scissor effect: despite revenue change (-9%), EBITDA varies by -42%, reducing margin by 23.5 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -609 k€ (-63.9% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

953 077 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

953 077 €

EBITDA (2024) ?
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

393 147 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-125 120 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-608 644 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

41.2%

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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 123%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 44%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

123.33%

Financial autonomy (2024) ?
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

44.179%

Cash flow / Revenue (2024) ?
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

-9.432%

Repayment capacity (2024) ?
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

-91.827

Asset age ratio (2024) ?
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

71.7%

Solvency indicators evolution
FONCIERE ETOILE LA BOETIE

Sector positioning

Debt ratio
123.33 2024
2022
2023
2024
Q1: -21.15
Med: 5.9
Q3: 146.94
Average +7 pts over 3 years

In 2024, the debt ratio of FONCIERE ETOILE LA BOETIE (123.33) 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
44.18% 2024
2022
2023
2024
Q1: 0.03%
Med: 27.42%
Q3: 73.8%
Good

In 2024, the financial autonomy of FONCIERE ETOILE LA BOETIE (44.2%) 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
-91.83 years 2024
2022
2023
2024
Q1: -0.02 years
Med: 0.66 years
Q3: 10.59 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of FONCIERE ETOILE LA BOETIE (-91.83) 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 525.32. 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 126.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

525.324

Interest coverage (2024) ?
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

126.258

Liquidity indicators evolution
FONCIERE ETOILE LA BOETIE

Sector positioning

Liquidity ratio
525.32 2024
2022
2023
2024
Q1: 83.19
Med: 307.52
Q3: 1319.53
Good

In 2024, the liquidity ratio of FONCIERE ETOILE LA BOETIE (525.32) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
126.26x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 20.03x
Excellent

In 2024, the interest coverage of FONCIERE ETOILE LA BOETIE (126.3x) 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: 109 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 126 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Overall, WCR represents 220 days of revenue, i.e. 582 k€ to permanently finance. Over 2016-2024, WCR increased by +295%, requiring additional financing.

Operating WCR (2024) ?
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

582 263 €

Customer credit (2024) ?
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

109 j

Supplier credit (2024) ?
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

126 j

Inventory turnover (2024) ?
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

0 j

WCR in days of revenue (2024) ?
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

220 j

WCR and payment terms evolution
FONCIERE ETOILE LA BOETIE

Positioning of FONCIERE ETOILE LA BOETIE in its sector

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

Valuation estimate

Based on 169 transactions of similar company sales in 2024, the value of FONCIERE ETOILE LA BOETIE is estimated at 1 664 263 € (range 474 394€ - 2 993 534€). With an EBITDA of 393 147€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.

Estimated enterprise value 2024
169 transactions
474k€ 1664k€ 2993k€
1 664 263 € Range: 474 394€ - 2 993 534€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
393 147 € × 5.6x
Estimation 2 201 555 €
582 766€ - 3 929 505€
Revenue Multiple 30%
953 077 € × 0.81x
Estimation 768 778 €
293 775€ - 1 433 583€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 169 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 FONCIERE ETOILE LA BOETIE 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 FONCIERE ETOILE LA BOETIE

What is the revenue of FONCIERE ETOILE LA BOETIE ?

The revenue of FONCIERE ETOILE LA BOETIE in 2024 is 953 k€.

Is FONCIERE ETOILE LA BOETIE profitable?

FONCIERE ETOILE LA BOETIE recorded a net loss in 2024.

Where is the headquarters of FONCIERE ETOILE LA BOETIE ?

The headquarters of FONCIERE ETOILE LA BOETIE is located in PARIS (75017), in the department Paris.

Where to find the tax return of FONCIERE ETOILE LA BOETIE ?

The tax return of FONCIERE ETOILE LA BOETIE 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 FONCIERE ETOILE LA BOETIE operate?

FONCIERE ETOILE LA BOETIE 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.