SIREN : 428559884
FUNECAP OUEST is a French company founded 26 years ago, specialized in the sector Services funéraires. Based in NANTES (44300), this company of category ETI shows in 2023 a revenue of 57.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 57 027 801 € | 50 466 196 € | 41 732 577 € | 32 437 896 € | 27 556 528 € | 21 273 752 € | 14 864 650 € | 11 578 351 € |
| Net income | -1 530 962 € | -2 435 538 € | -541 215 € | -1 566 041 € | -2 336 668 € | -2 168 703 € | -1 506 206 € | -1 322 940 € |
| EBITDA | 2 484 101 € | 3 403 229 € | 2 219 036 € | 778 251 € | 363 270 € | -307 222 € | -136 528 € | -49 557 € |
| Net margin | -2.7% | -4.8% | -1.3% | -4.8% | -8.5% | -10.2% | -10.1% | -11.4% |
In 2023, FUNECAP OUEST achieves revenue of 57.0 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +25.6%. Vs 2022, growth of +13% (50.5 M€ -> 57.0 M€). After deducting consumption (10.7 M€), gross margin stands at 46.4 M€, i.e. a rate of 81%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.5 M€, representing 4.4% of revenue. Warning negative scissor effect: despite revenue change (+13%), EBITDA varies by -27%, reducing margin by 2.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -1.5 M€ (-2.7% of revenue), which will impact equity.
57 027 801 €
46 370 666 €
2 484 101 €
1 636 394 €
-1 530 962 €
4.4%
The debt ratio (= Financial debt / Equity x 100) stands at 336%. 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 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
335.907%
16.395%
-3.244%
-22.444
33.0%
In 2023, the debt ratio of FUNECAP OUEST (335.91) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2023, the financial autonomy of FUNECAP OUEST (16.4%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2023, the repayment capacity of FUNECAP OUEST (-22.44) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 82.36. 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 110.0x. Operating income very largely covers interest expenses: high safety margin.
82.358
109.974
In 2023, the liquidity ratio of FUNECAP OUEST (82.36) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2023, the interest coverage of FUNECAP OUEST (110.0x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 49 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 125 days. Excellent situation: suppliers finance 76 days of the operating cycle (retail model). Inventory turnover is 39 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 53 days of revenue, i.e. 8.4 M€ to permanently finance. Over 2016-2023, WCR increased by +324%, requiring additional financing.
8 434 412 €
49 j
125 j
39 j
53 j
Based on 108 transactions of similar company sales (all years), the value of FUNECAP OUEST is estimated at 11 540 965 € (range 4 404 497€ - 21 166 553€). With an EBITDA of 2 484 101€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.36x (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.
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This estimate is based on the analysis of 108 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare FUNECAP OUEST with other companies in the same sector:
The revenue of FUNECAP OUEST in 2023 is 57.0 M€.
FUNECAP OUEST recorded a net loss in 2023.
The headquarters of FUNECAP OUEST is located in NANTES (44300), in the department Loire-Atlantique.
The tax return of FUNECAP OUEST 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).
FUNECAP OUEST operates in the sector Services funéraires (NAF code 96.03Z). See the 'Sector positioning' section above to compare the company with its competitors.