LE CHEMIN DES TERRES NOIRES : revenue, balance sheet and financial ratios

LE CHEMIN DES TERRES NOIRES is a French company founded 6 years ago, specialized in the sector Activités des marchands de biens immobiliers. Based in LE POIRE-SUR-VIE (85170), this company of category PME shows in 2023 a revenue of 2.2 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 - LE CHEMIN DES TERRES NOIRES (SIREN 880400874)
Indicator 2023 2022 2021 2020
Revenue 2 217 911 € 1 021 050 € 4 726 320 € N/C
Net income 245 704 € 96 671 € 410 999 € -49 940 €
EBITDA 327 406 € 136 443 € 557 392 € -47 252 €
Net margin 11.1% 9.5% 8.7% N/C

Revenue and income statement

In 2023, LE CHEMIN DES TERRES NOIRES achieves revenue of 2.2 M€. Revenue is declining over the period 2021-2023 (CAGR: -31.5%). Vs 2022, growth of +117% (1.0 M€ -> 2.2 M€). After deducting consumption (0 €), gross margin stands at 2.2 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 327 k€, representing 14.8% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 246 k€, i.e. 11.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 217 911 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 217 911 €

EBITDA (2023) ?
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

327 406 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

332 967 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

245 704 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

14.8%

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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 98%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 32%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.8% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

98.357%

Financial autonomy (2023) ?
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

31.838%

Cash flow / Revenue (2023) ?
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

10.79%

Repayment capacity (2023) ?
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

1.014

Solvency indicators evolution
LE CHEMIN DES TERRES NOIRES

Sector positioning

Debt ratio
98.36 2023
2021
2022
2023
Q1: 0.0
Med: 11.85
Q3: 222.35
Average -15 pts over 3 years

In 2023, the debt ratio of LE CHEMIN DES TERRES NOIRES (98.36) 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
31.84% 2023
2021
2022
2023
Q1: 0.0%
Med: 17.0%
Q3: 60.15%
Good +26 pts over 3 years

In 2023, the financial autonomy of LE CHEMIN DES TERRES NOIRES (31.8%) 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
1.01 years 2023
2021
2022
2023
Q1: -7.1 years
Med: 0.0 years
Q3: 2.61 years
Average +7 pts over 3 years

In 2023, the repayment capacity of LE CHEMIN DES TERRES NOIRES (1.01) 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 271.38. 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 3.3x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

271.379

Interest coverage (2023) ?
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

3.318

Liquidity indicators evolution
LE CHEMIN DES TERRES NOIRES

Sector positioning

Liquidity ratio
271.38 2023
2021
2022
2023
Q1: 160.06
Med: 580.5
Q3: 3257.22
Average +7 pts over 3 years

In 2023, the liquidity ratio of LE CHEMIN DES TERRES NOIRES (271.38) 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
3.32x 2023
2021
2022
2023
Q1: -5.83x
Med: 0.0x
Q3: 5.4x
Good

In 2023, the interest coverage of LE CHEMIN DES TERRES NOIRES (3.3x) 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: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. The company must finance 6 days of gap between collections and payments. Overall, WCR represents 39 days of revenue, i.e. 239 k€ to permanently finance.

Operating WCR (2023) ?
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

239 490 €

Customer credit (2023) ?
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

36 j

Supplier credit (2023) ?
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

30 j

Inventory turnover (2023) ?
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 (2023) ?
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

39 j

WCR and payment terms evolution
LE CHEMIN DES TERRES NOIRES

Positioning of LE CHEMIN DES TERRES NOIRES in its sector

Comparison with sector Activités des marchands de biens immobiliers

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (21 transactions). This range of 1 993 230€ to 5 653 602€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
1993k€ 4735k€ 5653k€
4 735 959 € Range: 1 993 230€ - 5 653 602€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 21 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 (Activités des marchands de biens immobiliers)

Compare LE CHEMIN DES TERRES NOIRES with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des marchands de biens immobiliers

Frequently asked questions about LE CHEMIN DES TERRES NOIRES

What is the revenue of LE CHEMIN DES TERRES NOIRES ?

The revenue of LE CHEMIN DES TERRES NOIRES in 2023 is 2.2 M€.

Is LE CHEMIN DES TERRES NOIRES profitable?

Yes, LE CHEMIN DES TERRES NOIRES generated a net profit of 246 k€ in 2023.

Where is the headquarters of LE CHEMIN DES TERRES NOIRES ?

The headquarters of LE CHEMIN DES TERRES NOIRES is located in LE POIRE-SUR-VIE (85170), in the department Vendee.

Where to find the tax return of LE CHEMIN DES TERRES NOIRES ?

The tax return of LE CHEMIN DES TERRES NOIRES 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 LE CHEMIN DES TERRES NOIRES operate?

LE CHEMIN DES TERRES NOIRES operates in the sector Activités des marchands de biens immobiliers (NAF code 68.10Z). See the 'Sector positioning' section above to compare the company with its competitors.