INITIATIVE CATHARE IMMOBILIERE : revenue, balance sheet and financial ratios

INITIATIVE CATHARE IMMOBILIERE is a French company founded 11 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in TOULOUSE (31200), this company of category PME shows in 2024 a revenue of 147 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 - INITIATIVE CATHARE IMMOBILIERE (SIREN 809848633)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 146 774 € 137 138 € 132 533 € 126 514 € 72 353 € 125 320 € 113 878 € 129 675 € 119 086 € 96 750 €
Net income 44 904 € 45 168 € 49 062 € 44 260 € -8 133 € 35 695 € 28 230 € 44 816 € 47 482 € -66 927 €
EBITDA 103 046 € 104 884 € 103 307 € 94 407 € 35 829 € 87 825 € 79 270 € 96 535 € 95 872 € -30 225 €
Net margin 30.6% 32.9% 37.0% 35.0% -11.2% 28.5% 24.8% 34.6% 39.9% -69.2%

Revenue and income statement

In 2024, INITIATIVE CATHARE IMMOBILIERE achieves revenue of 147 k€. Revenue is growing positively over 10 years (CAGR: +4.7%). Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 147 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 103 k€, representing 70.2% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -2%, reducing margin by 6.3 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 45 k€, i.e. 30.6% of revenue. This profit can be retained or distributed to shareholders.

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

146 774 €

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

146 774 €

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

103 046 €

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

56 992 €

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

44 904 €

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

70.2%

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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 109%. 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 repayment capacity (= Financial debt / Cash flow) indicates it would take 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 62.0% 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 (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

109.223%

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

44.183%

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

61.971%

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

3.189

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

60.1%

Solvency indicators evolution
INITIATIVE CATHARE IMMOBILIERE

Sector positioning

Debt ratio
109.22 2024
2022
2023
2024
Q1: -21.14
Med: 5.94
Q3: 146.94
Average -7 pts over 3 years

In 2024, the debt ratio of INITIATIVE CATHARE IMMOBI... (109.22) 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: 27.48%
Q3: 73.8%
Good +18 pts over 3 years

In 2024, the financial autonomy of INITIATIVE CATHARE IMMOBI... (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
3.19 years 2024
2022
2023
2024
Q1: -0.02 years
Med: 0.66 years
Q3: 10.6 years
Average -7 pts over 3 years

In 2024, the repayment capacity of INITIATIVE CATHARE IMMOBI... (3.19) 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 50.26. 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 2.7x. Financial charges are adequately covered by operations.

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

50.256

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

2.705

Liquidity indicators evolution
INITIATIVE CATHARE IMMOBILIERE

Sector positioning

Liquidity ratio
50.26 2024
2022
2023
2024
Q1: 83.3
Med: 307.78
Q3: 1321.87
Watch

In 2024, the liquidity ratio of INITIATIVE CATHARE IMMOBI... (50.26) 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
2.71x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 20.03x
Good -6 pts over 3 years

In 2024, the interest coverage of INITIATIVE CATHARE IMMOBI... (2.7x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. Excellent situation: suppliers finance 46 days of the operating cycle (retail model). WCR is negative (-76 days): operations structurally generate cash. Notable WCR improvement over the period (-373%), freeing up cash.

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

-30 905 €

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

8 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

54 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

-76 j

WCR and payment terms evolution
INITIATIVE CATHARE IMMOBILIERE

Positioning of INITIATIVE CATHARE IMMOBILIERE 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 INITIATIVE CATHARE IMMOBILIERE is estimated at 385 235 € (range 108 345€ - 692 237€). With an EBITDA of 103 046€, 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
108k€ 385k€ 692k€
385 235 € Range: 108 345€ - 692 237€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
103 046 € × 5.6x
Estimation 577 040 €
152 746€ - 1 029 945€
Revenue Multiple 30%
146 774 € × 0.81x
Estimation 118 392 €
45 241€ - 220 772€
Net Income Multiple 20%
44 904 € × 6.8x
Estimation 305 991 €
92 002€ - 555 167€

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 INITIATIVE CATHARE IMMOBILIERE 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 INITIATIVE CATHARE IMMOBILIERE

What is the revenue of INITIATIVE CATHARE IMMOBILIERE ?

The revenue of INITIATIVE CATHARE IMMOBILIERE in 2024 is 147 k€.

Is INITIATIVE CATHARE IMMOBILIERE profitable?

Yes, INITIATIVE CATHARE IMMOBILIERE generated a net profit of 45 k€ in 2024.

Where is the headquarters of INITIATIVE CATHARE IMMOBILIERE ?

The headquarters of INITIATIVE CATHARE IMMOBILIERE is located in TOULOUSE (31200), in the department Haute-Garonne.

Where to find the tax return of INITIATIVE CATHARE IMMOBILIERE ?

The tax return of INITIATIVE CATHARE IMMOBILIERE 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 INITIATIVE CATHARE IMMOBILIERE operate?

INITIATIVE CATHARE IMMOBILIERE 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.