LA BOURBONNAISE DE DISTRIBUTION : revenue, balance sheet and financial ratios

LA BOURBONNAISE DE DISTRIBUTION is a French company founded 35 years ago, specialized in the sector Commerce de détail de meubles. Based in SAINT-PAUL (97460), this company of category ETI shows in 2018 a revenue of 25.5 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

Financial history - LA BOURBONNAISE DE DISTRIBUTION (SIREN 380973867)
Indicator 2018 2017 2016
Revenue 25 527 803 € 23 978 659 € 26 053 214 €
Net income -580 744 € 243 245 € -1 342 268 €
EBITDA 368 939 € 233 931 € 131 945 €
Net margin -2.3% 1.0% -5.2%

Revenue and income statement

In 2018, LA BOURBONNAISE DE DISTRIBUTION achieves revenue of 25.5 M€. Activity remains stable over the period (CAGR: -1.0%). Vs 2017: +6%. After deducting consumption (16.4 M€), gross margin stands at 9.2 M€, i.e. a rate of 36%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 369 k€, representing 1.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -581 k€ (-2.3% of revenue), which will impact equity.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

25 527 803 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

9 159 155 €

EBITDA (2018) ?
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

368 939 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-585 531 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-580 744 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.4%

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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 262%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

261.778%

Financial autonomy (2018) ?
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

7.822%

Cash flow / Revenue (2018) ?
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

-0.508%

Repayment capacity (2018) ?
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

-27.854

Asset age ratio (2018) ?
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

35.1%

Solvency indicators evolution
LA BOURBONNAISE DE DISTRIBUTION

Sector positioning

Debt ratio
261.78 2018
2016
2017
2018
Q1: 0.38
Med: 19.32
Q3: 83.33
Average +50 pts over 3 years

In 2018, the debt ratio of LA BOURBONNAISE DE DISTRI... (261.78) 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
7.82% 2018
2016
2017
2018
Q1: 8.84%
Med: 27.58%
Q3: 49.73%
Average

In 2018, the financial autonomy of LA BOURBONNAISE DE DISTRI... (7.8%) 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
-27.85 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.25 years
Q3: 1.81 years
Excellent

In 2018, the repayment capacity of LA BOURBONNAISE DE DISTRI... (-27.85) 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 97.24. 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 26.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2018) ?
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

97.237

Interest coverage (2018) ?
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

26.079

Liquidity indicators evolution
LA BOURBONNAISE DE DISTRIBUTION

Sector positioning

Liquidity ratio
97.24 2018
2016
2017
2018
Q1: 100.06
Med: 140.93
Q3: 217.44
Watch -10 pts over 3 years

In 2018, the liquidity ratio of LA BOURBONNAISE DE DISTRI... (97.24) 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
26.08x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.41x
Q3: 3.81x
Excellent

In 2018, the interest coverage of LA BOURBONNAISE DE DISTRI... (26.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 5 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 171 days. Excellent situation: suppliers finance 166 days of the operating cycle (retail model). Inventory turnover is 97 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 135 days of revenue, i.e. 9.6 M€ to permanently finance.

Operating WCR (2018) ?
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

9 576 245 €

Customer credit (2018) ?
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

5 j

Supplier credit (2018) ?
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

171 j

Inventory turnover (2018) ?
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

97 j

WCR in days of revenue (2018) ?
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

135 j

WCR and payment terms evolution
LA BOURBONNAISE DE DISTRIBUTION

Positioning of LA BOURBONNAISE DE DISTRIBUTION in its sector

Comparison with sector Commerce de détail de meubles

Valuation estimate

Based on 119 transactions of similar company sales in 2018, the value of LA BOURBONNAISE DE DISTRIBUTION is estimated at 2 853 042 € (range 1 600 178€ - 4 253 310€). With an EBITDA of 368 939€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.25x (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.

Estimated enterprise value 2018
119 transactions
1600k€ 2853k€ 4253k€
2 853 042 € Range: 1 600 178€ - 4 253 310€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
368 939 € × 2.2x
Estimation 802 123 €
375 345€ - 1 505 027€
Revenue Multiple 30%
25 527 803 € × 0.25x
Estimation 6 271 242 €
3 641 568€ - 8 833 783€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 119 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 (Commerce de détail de meubles)

Compare LA BOURBONNAISE DE DISTRIBUTION with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de détail de meubles

Frequently asked questions about LA BOURBONNAISE DE DISTRIBUTION

What is the revenue of LA BOURBONNAISE DE DISTRIBUTION ?

The revenue of LA BOURBONNAISE DE DISTRIBUTION in 2018 is 25.5 M€.

Is LA BOURBONNAISE DE DISTRIBUTION profitable?

LA BOURBONNAISE DE DISTRIBUTION recorded a net loss in 2018.

Where is the headquarters of LA BOURBONNAISE DE DISTRIBUTION ?

The headquarters of LA BOURBONNAISE DE DISTRIBUTION is located in SAINT-PAUL (97460), in the department La Reunion.

Where to find the tax return of LA BOURBONNAISE DE DISTRIBUTION ?

The tax return of LA BOURBONNAISE DE DISTRIBUTION 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 LA BOURBONNAISE DE DISTRIBUTION operate?

LA BOURBONNAISE DE DISTRIBUTION operates in the sector Commerce de détail de meubles (NAF code 47.59A). See the 'Sector positioning' section above to compare the company with its competitors.