LES BORDES GOLF INTERNATIONAL : revenue, balance sheet and financial ratios

LES BORDES GOLF INTERNATIONAL is a French company founded 41 years ago, specialized in the sector Gestion d'installations sportives. Based in SAINT LAURENT NOUAN (41220), this company of category PME shows in 2024 a revenue of 19.9 M€. 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 - LES BORDES GOLF INTERNATIONAL (SIREN 331661611)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 19 882 989 € 18 491 640 € 5 155 791 € 1 456 962 € 773 341 € 1 227 407 € 1 195 124 € 1 254 679 € 572 299 €
Net income -12 386 374 € -10 666 691 € -6 544 494 € -17 756 944 € -15 123 774 € -11 533 109 € -23 853 223 € -42 848 765 € -19 429 968 €
EBITDA -2 142 242 € -2 529 763 € -5 505 405 € -4 777 354 € -3 646 145 € -3 316 157 € -3 412 921 € -1 741 350 € -3 571 984 €
Net margin -62.3% -57.7% -126.9% -1218.8% -1955.6% -939.6% -1995.9% -3415.1% -3395.1%

Revenue and income statement

In 2024, LES BORDES GOLF INTERNATIONAL achieves revenue of 19.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +55.8%. Vs 2023: +8%. After deducting consumption (643 k€), gross margin stands at 19.2 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -2.1 M€, representing -10.8% of revenue. Positive scissor effect: EBITDA margin improves by +2.9 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -12.4 M€ (-62.3% of revenue), which will impact equity.

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

19 882 989 €

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

19 239 664 €

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

-2 142 242 €

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

-8 772 415 €

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

-12 386 374 €

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

-10.8%

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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 55%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

54.684%

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

61.892%

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

-35.916%

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

-5.779

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

78.0%

Solvency indicators evolution
LES BORDES GOLF INTERNATIONAL

Sector positioning

Debt ratio
54.68 2024
2022
2023
2024
Q1: -15.56
Med: 5.13
Q3: 92.46
Average +10 pts over 3 years

In 2024, the debt ratio of LES BORDES GOLF INTERNATI... (54.68) 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
61.89% 2024
2022
2023
2024
Q1: -6.25%
Med: 15.52%
Q3: 43.67%
Excellent

In 2024, the financial autonomy of LES BORDES GOLF INTERNATI... (61.9%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-5.78 years 2024
2022
2023
2024
Q1: -0.23 years
Med: 0.01 years
Q3: 2.12 years
Excellent

In 2024, the repayment capacity of LES BORDES GOLF INTERNATI... (-5.78) 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 550.17. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

550.168

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

-186.993

Liquidity indicators evolution
LES BORDES GOLF INTERNATIONAL

Sector positioning

Liquidity ratio
550.17 2024
2022
2023
2024
Q1: 63.83
Med: 126.84
Q3: 267.7
Excellent

In 2024, the liquidity ratio of LES BORDES GOLF INTERNATI... (550.17) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-186.99x 2024
2022
2023
2024
Q1: -0.4x
Med: 0.08x
Q3: 7.74x
Watch

In 2024, the interest coverage of LES BORDES GOLF INTERNATI... (-187.0x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. Excellent situation: suppliers finance 41 days of the operating cycle (retail model). Inventory turnover is 755 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 432 days of revenue, i.e. 23.9 M€ to permanently finance. Over 2016-2024, WCR increased by +279%, 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

23 874 101 €

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

10 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

51 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

755 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

432 j

WCR and payment terms evolution
LES BORDES GOLF INTERNATIONAL

Positioning of LES BORDES GOLF INTERNATIONAL in its sector

Comparison with sector Gestion d'installations sportives

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of LES BORDES GOLF INTERNATIONAL is estimated at 11 361 283 € (range 3 584 840€ - 18 318 980€). The price/revenue ratio is 0.57x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
73 tx
3584k€ 11361k€ 18318k€
11 361 283 € Range: 3 584 840€ - 18 318 980€
NAF 5 all-time

Valuation method used

Revenue Multiple
19 882 989 € × 0.57x = 11 361 284 €
Range: 3 584 840€ - 18 318 981€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 73 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 (Gestion d'installations sportives)

Compare LES BORDES GOLF INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion d'installations sportives

Frequently asked questions about LES BORDES GOLF INTERNATIONAL

What is the revenue of LES BORDES GOLF INTERNATIONAL ?

The revenue of LES BORDES GOLF INTERNATIONAL in 2024 is 19.9 M€.

Is LES BORDES GOLF INTERNATIONAL profitable?

LES BORDES GOLF INTERNATIONAL recorded a net loss in 2024.

Where is the headquarters of LES BORDES GOLF INTERNATIONAL ?

The headquarters of LES BORDES GOLF INTERNATIONAL is located in SAINT LAURENT NOUAN (41220), in the department Loir-et-Cher.

Where to find the tax return of LES BORDES GOLF INTERNATIONAL ?

The tax return of LES BORDES GOLF INTERNATIONAL 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 BORDES GOLF INTERNATIONAL operate?

LES BORDES GOLF INTERNATIONAL operates in the sector Gestion d'installations sportives (NAF code 93.11Z). See the 'Sector positioning' section above to compare the company with its competitors.