SIREN : 302077169
FUNECAP SUD EST is a French company founded 46 years ago, specialized in the sector Services funéraires. Based in CUERS (83390), this company of category ETI shows in 2024 a revenue of 87.1 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 87 104 235 € | 57 027 801 € | 66 108 570 € | 58 282 282 € | 46 911 016 € | 42 911 500 € | 37 731 459 € | 30 653 668 € | 21 999 599 € |
| Net income | -8 673 475 € | -1 530 962 € | 125 744 € | 234 662 € | -726 579 € | -59 640 € | -2 530 775 € | -2 852 331 € | -2 221 967 € |
| EBITDA | 3 528 257 € | 2 484 101 € | 5 067 804 € | 5 983 475 € | 3 004 113 € | 2 833 083 € | 630 361 € | 146 416 € | 323 047 € |
| Net margin | -10.0% | -2.7% | 0.2% | 0.4% | -1.5% | -0.1% | -6.7% | -9.3% | -10.1% |
In 2024, FUNECAP SUD EST achieves revenue of 87.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +18.8%. Vs 2023, growth of +53% (57.0 M€ -> 87.1 M€). After deducting consumption (12.3 M€), gross margin stands at 74.8 M€, i.e. a rate of 86%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.5 M€, representing 4.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -8.7 M€ (-10.0% of revenue), which will impact equity.
87 104 235 €
74 812 985 €
3 528 257 €
-1 544 711 €
-8 673 475 €
4.1%
The debt ratio (= Financial debt / Equity x 100) stands at -934%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -9%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
-933.956%
-9.178%
-7.434%
-18.191
38.2%
In 2024, the debt ratio of FUNECAP SUD EST (-933.96) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of FUNECAP SUD EST (-9.2%) 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 2024, the repayment capacity of FUNECAP SUD EST (-18.19) 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 70.80. 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 190.1x. Operating income very largely covers interest expenses: high safety margin.
70.798
190.121
In 2024, the liquidity ratio of FUNECAP SUD EST (70.80) 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 2024, the interest coverage of FUNECAP SUD EST (190.1x) 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: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 122 days. Excellent situation: suppliers finance 75 days of the operating cycle (retail model). Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 35 days of revenue, i.e. 8.6 M€ to permanently finance. Over 2016-2024, WCR increased by +158%, requiring additional financing.
8 587 607 €
47 j
122 j
21 j
35 j
Based on 108 transactions of similar company sales (all years), the value of FUNECAP SUD EST is estimated at 17 220 485 € (range 6 553 175€ - 31 316 056€). With an EBITDA of 3 528 257€, 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 SUD EST with other companies in the same sector:
The revenue of FUNECAP SUD EST in 2024 is 87.1 M€.
FUNECAP SUD EST recorded a net loss in 2024.
The headquarters of FUNECAP SUD EST is located in CUERS (83390), in the department Var.
The tax return of FUNECAP SUD EST 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 SUD EST operates in the sector Services funéraires (NAF code 96.03Z). See the 'Sector positioning' section above to compare the company with its competitors.