HB MICHAUT IMMOBILIER : revenue, balance sheet and financial ratios

HB MICHAUT IMMOBILIER is a French company founded 16 years ago, specialized in the sector Administration d'immeubles et autres biens immobiliers. Based in TALANT (21240), this company of category PME shows in 2021 a revenue of 322 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - HB MICHAUT IMMOBILIER (SIREN 521551762)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 322 447 € 293 469 € 286 902 € 273 297 € 233 348 € 224 834 €
Net income 11 218 € -20 974 € 16 157 € 25 960 € 7 044 € 3 927 €
EBITDA 2 390 € -29 747 € 14 481 € 22 894 € 483 € -975 €
Net margin 3.5% -7.1% 5.6% 9.5% 3.0% 1.7%

Revenue and income statement

In 2021, HB MICHAUT IMMOBILIER achieves revenue of 322 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +7.5%. Vs 2020: +10%. After deducting consumption (0 €), gross margin stands at 322 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 2 k€, representing 0.7% of revenue. Positive scissor effect: EBITDA margin improves by +10.9 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 11 k€, i.e. 3.5% 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

322 447 €

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

322 447 €

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

2 390 €

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

10 709 €

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

11 218 €

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

0.7%

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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 8%. 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 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 4.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

7.578%

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

0.297%

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

4.046%

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

0.0

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

20.9%

Solvency indicators evolution
HB MICHAUT IMMOBILIER

Sector positioning

Debt ratio
7.58 2021
2019
2020
2021
Q1: 0.0
Med: 10.87
Q3: 80.51
Good

In 2021, the debt ratio of HB MICHAUT IMMOBILIER (7.58) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
0.3% 2021
2019
2020
2021
Q1: 3.76%
Med: 15.9%
Q3: 47.5%
Average

In 2021, the financial autonomy of HB MICHAUT IMMOBILIER (0.3%) 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
0.0 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.12 years
Q3: 3.58 years
Excellent

In 2021, the repayment capacity of HB MICHAUT IMMOBILIER (0.00) 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 103.76. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

103.757

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

0.0

Liquidity indicators evolution
HB MICHAUT IMMOBILIER

Sector positioning

Liquidity ratio
103.76 2021
2019
2020
2021
Q1: 101.64
Med: 121.16
Q3: 392.63
Average

In 2021, the liquidity ratio of HB MICHAUT IMMOBILIER (103.76) 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
0.0x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 3.57x
Average

In 2021, the interest coverage of HB MICHAUT IMMOBILIER (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 960 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 94 days. The gap of 866 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-349 days): operations structurally generate cash. Over 2016-2021, WCR increased by +21%, 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

-312 638 €

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

960 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

94 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

0 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

-349 j

WCR and payment terms evolution
HB MICHAUT IMMOBILIER

Positioning of HB MICHAUT IMMOBILIER in its sector

Comparison with sector Administration d'immeubles et autres biens immobiliers

Valuation estimate

Based on 58 transactions of similar company sales in 2021, the value of HB MICHAUT IMMOBILIER is estimated at 156 505 € (range 30 996€ - 187 218€). With an EBITDA of 2 390€, the sector multiple of 0.6x is applied. The price/revenue ratio is 1.47x (premium 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
58 tx
30k€ 156k€ 187k€
156 505 € Range: 30 996€ - 187 218€
NAF 5 année 2021

Valuation detail by method

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EBITDA Multiple 50%
2 390 € × 0.6x
Estimation 1 507 €
939€ - 2 926€
Revenue Multiple 30%
322 447 € × 1.47x
Estimation 475 085 €
87 481€ - 523 597€
Net Income Multiple 20%
11 218 € × 5.9x
Estimation 66 133 €
21 411€ - 143 383€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 58 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 (Administration d'immeubles et autres biens immobiliers)

Compare HB MICHAUT IMMOBILIER with other companies in the same sector:

Voir toutes les statistiques du secteur Administration d'immeubles et autres biens immobiliers

Frequently asked questions about HB MICHAUT IMMOBILIER

What is the revenue of HB MICHAUT IMMOBILIER ?

The revenue of HB MICHAUT IMMOBILIER in 2021 is 322 k€.

Is HB MICHAUT IMMOBILIER profitable?

Yes, HB MICHAUT IMMOBILIER generated a net profit of 11 k€ in 2021.

Where is the headquarters of HB MICHAUT IMMOBILIER ?

The headquarters of HB MICHAUT IMMOBILIER is located in TALANT (21240), in the department Cote-d'Or.

Where to find the tax return of HB MICHAUT IMMOBILIER ?

The tax return of HB MICHAUT IMMOBILIER 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 HB MICHAUT IMMOBILIER operate?

HB MICHAUT IMMOBILIER operates in the sector Administration d'immeubles et autres biens immobiliers (NAF code 68.32A). See the 'Sector positioning' section above to compare the company with its competitors.