IMMOBILIERE 23 COURCELLES : revenue, balance sheet and financial ratios

IMMOBILIERE 23 COURCELLES is a French company founded 13 years ago, specialized in the sector Promotion immobilière de logements. Based in LYON 2EME (69002), this company of category ETI shows in 2022 a revenue of 1.8 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 - IMMOBILIERE 23 COURCELLES (SIREN 789801032)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 1 803 051 € 2 324 423 € 2 315 141 € 2 252 821 € 2 206 412 € 2 150 721 € 2 140 114 €
Net income 600 966 € -588 027 € -820 373 € -798 746 € -846 880 € -1 154 084 € -918 582 €
EBITDA 1 450 023 € 2 013 726 € 1 949 967 € 1 971 747 € 1 933 979 € 1 816 962 € 1 818 960 €
Net margin 33.3% -25.3% -35.4% -35.5% -38.4% -53.7% -42.9%

Revenue and income statement

In 2022, IMMOBILIERE 23 COURCELLES achieves revenue of 1.8 M€. Activity remains stable over the period (CAGR: -2.8%). Significant drop of -22% vs 2021. After deducting consumption (0 €), gross margin stands at 1.8 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.5 M€, representing 80.4% of revenue. Warning negative scissor effect: despite revenue change (-22%), EBITDA varies by -28%, reducing margin by 6.2 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 601 k€, i.e. 33.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 803 051 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 803 051 €

EBITDA (2022) ?
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

1 450 023 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 579 102 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

600 966 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

80.4%

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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 -471%. 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 -27%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 110.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 26.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-470.708%

Financial autonomy (2022) ?
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

-26.907%

Cash flow / Revenue (2022) ?
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

26.172%

Repayment capacity (2022) ?
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

110.436

Asset age ratio (2022) ?
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

72.8%

Solvency indicators evolution
IMMOBILIERE 23 COURCELLES

Sector positioning

Debt ratio
-470.71 2022
2020
2021
2022
Q1: 0.0
Med: 9.78
Q3: 170.47
Excellent

In 2022, the debt ratio of IMMOBILIERE 23 COURCELLES (-470.71) 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.

Financial autonomy
-26.91% 2022
2020
2021
2022
Q1: 0.08%
Med: 16.67%
Q3: 57.8%
Average

In 2022, the financial autonomy of IMMOBILIERE 23 COURCELLES (-26.9%) 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
110.44 years 2022
2020
2021
2022
Q1: -1.96 years
Med: 0.0 years
Q3: 2.58 years
Average

In 2022, the repayment capacity of IMMOBILIERE 23 COURCELLES (110.44) 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 97.04. 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 68.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

97.041

Interest coverage (2022) ?
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

68.284

Liquidity indicators evolution
IMMOBILIERE 23 COURCELLES

Sector positioning

Liquidity ratio
97.04 2022
2020
2021
2022
Q1: 141.58
Med: 338.94
Q3: 1019.12
Watch -35 pts over 3 years

In 2022, the liquidity ratio of IMMOBILIERE 23 COURCELLES (97.04) 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.

Interest coverage
68.28x 2022
2020
2021
2022
Q1: -3.69x
Med: 0.0x
Q3: 3.08x
Excellent

In 2022, the interest coverage of IMMOBILIERE 23 COURCELLES (68.3x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 212 days. Excellent situation: suppliers finance 212 days of the operating cycle (retail model). Overall, WCR represents 17 days of revenue, i.e. 86 k€ to permanently finance. Over 2016-2022, WCR increased by +290%, requiring additional financing.

Operating WCR (2022) ?
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

86 042 €

Customer credit (2022) ?
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

0 j

Supplier credit (2022) ?
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

212 j

Inventory turnover (2022) ?
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 (2022) ?
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

17 j

WCR and payment terms evolution
IMMOBILIERE 23 COURCELLES

Positioning of IMMOBILIERE 23 COURCELLES 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 IMMOBILIERE 23 COURCELLES is estimated at 1 161 053 € (range 442 501€ - 3 361 334€). With an EBITDA of 1 450 023€, 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 2022
80 tx
442k€ 1161k€ 3361k€
1 161 053 € Range: 442 501€ - 3 361 334€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 450 023 € × 1.0x
Estimation 1 454 905 €
600 801€ - 4 425 011€
Revenue Multiple 30%
1 803 051 € × 0.28x
Estimation 504 424 €
181 385€ - 1 240 601€
Net Income Multiple 20%
600 966 € × 2.3x
Estimation 1 411 372 €
438 429€ - 3 883 241€
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 IMMOBILIERE 23 COURCELLES with other companies in the same sector:

Voir toutes les statistiques du secteur Promotion immobilière de logements

Frequently asked questions about IMMOBILIERE 23 COURCELLES

What is the revenue of IMMOBILIERE 23 COURCELLES ?

The revenue of IMMOBILIERE 23 COURCELLES in 2022 is 1.8 M€.

Is IMMOBILIERE 23 COURCELLES profitable?

Yes, IMMOBILIERE 23 COURCELLES generated a net profit of 601 k€ in 2022.

Where is the headquarters of IMMOBILIERE 23 COURCELLES ?

The headquarters of IMMOBILIERE 23 COURCELLES is located in LYON 2EME (69002), in the department Rhone.

Where to find the tax return of IMMOBILIERE 23 COURCELLES ?

The tax return of IMMOBILIERE 23 COURCELLES 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 IMMOBILIERE 23 COURCELLES operate?

IMMOBILIERE 23 COURCELLES 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.