LES BELLES ANNEES : revenue, balance sheet and financial ratios

LES BELLES ANNEES is a French company founded 15 years ago, specialized in the sector Administration d'immeubles et autres biens immobiliers. Based in LYON (69006), this company of category ETI shows in 2024 a revenue of 54.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - LES BELLES ANNEES (SIREN 529300055)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 54 504 320 € 46 154 663 € 73 985 718 € 28 506 608 € 24 032 189 € 20 873 486 € 15 883 296 € 12 137 804 € 9 061 110 €
Net income 9 462 500 € 6 730 368 € 13 865 914 € 5 372 381 € 2 900 401 € 2 369 181 € 1 726 739 € 1 163 734 € 805 739 €
EBITDA 9 681 120 € 8 264 963 € 14 992 394 € 4 337 910 € 3 988 144 € 3 428 451 € 2 454 624 € 1 689 806 € 1 153 662 €
Net margin 17.4% 14.6% 18.7% 18.8% 12.1% 11.4% 10.9% 9.6% 8.9%

Revenue and income statement

In 2024, LES BELLES ANNEES achieves revenue of 54.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +25.1%. Vs 2023, growth of +18% (46.2 M€ -> 54.5 M€). After deducting consumption (280 k€), gross margin stands at 54.2 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 9.7 M€, representing 17.8% of 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 9.5 M€, i.e. 17.4% 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

54 504 320 €

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

54 224 392 €

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

9 681 120 €

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

10 046 536 €

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

9 462 500 €

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

17.8%

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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 78%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.6% 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

77.587%

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

28.652%

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

16.649%

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

1.094

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

63.5%

Solvency indicators evolution
LES BELLES ANNEES

Sector positioning

Debt ratio
77.59 2024
2022
2023
2024
Q1: 0.0
Med: 9.88
Q3: 66.83
Average

In 2024, the debt ratio of LES BELLES ANNEES (77.59) 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
28.65% 2024
2022
2023
2024
Q1: 3.14%
Med: 14.37%
Q3: 43.78%
Good +11 pts over 3 years

In 2024, the financial autonomy of LES BELLES ANNEES (28.6%) 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
1.09 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.18 years
Q3: 4.28 years
Average

In 2024, the repayment capacity of LES BELLES ANNEES (1.09) 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 189.81. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

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

189.805

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

0.152

Liquidity indicators evolution
LES BELLES ANNEES

Sector positioning

Liquidity ratio
189.81 2024
2022
2023
2024
Q1: 100.01
Med: 116.58
Q3: 409.86
Good +11 pts over 3 years

In 2024, the liquidity ratio of LES BELLES ANNEES (189.81) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
0.15x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 7.69x
Good

In 2024, the interest coverage of LES BELLES ANNEES (0.1x) 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: 6 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 119 days. Excellent situation: suppliers finance 113 days of the operating cycle (retail model). Overall, WCR represents 206 days of revenue, i.e. 31.2 M€ to permanently finance. Over 2016-2024, WCR increased by +3003%, requiring additional financing.

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

31 210 264 €

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

6 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

119 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

206 j

WCR and payment terms evolution
LES BELLES ANNEES

Positioning of LES BELLES ANNEES in its sector

Comparison with sector Administration d'immeubles et autres biens immobiliers

Valuation estimate

Based on 277 transactions of similar company sales (all years), the value of LES BELLES ANNEES is estimated at 15 308 829 € (range 5 431 779€ - 42 551 099€). With an EBITDA of 9 681 120€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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 2024
277 transactions
5431k€ 15308k€ 42551k€
15 308 829 € Range: 5 431 779€ - 42 551 099€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
9 681 120 € × 1.3x
Estimation 12 839 778 €
4 467 474€ - 38 739 213€
Revenue Multiple 30%
54 504 320 € × 0.29x
Estimation 15 553 077 €
7 496 632€ - 33 930 720€
Net Income Multiple 20%
9 462 500 € × 2.2x
Estimation 21 115 087 €
4 745 265€ - 65 011 385€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 277 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 LES BELLES ANNEES with other companies in the same sector:

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

Frequently asked questions about LES BELLES ANNEES

What is the revenue of LES BELLES ANNEES ?

The revenue of LES BELLES ANNEES in 2024 is 54.5 M€.

Is LES BELLES ANNEES profitable?

Yes, LES BELLES ANNEES generated a net profit of 9.5 M€ in 2024.

Where is the headquarters of LES BELLES ANNEES ?

The headquarters of LES BELLES ANNEES is located in LYON (69006), in the department Rhone.

Where to find the tax return of LES BELLES ANNEES ?

The tax return of LES BELLES ANNEES 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 LES BELLES ANNEES operate?

LES BELLES ANNEES 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.