SIREN : 444728232
LES TROIS CASES is a French company founded 23 years ago, specialized in the sector Location de logements. Based in SAINT-PIERRE (97410), this company of category PME shows in 2020 a revenue of 153 k€. 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
| Indicator | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 152 534 € | 155 166 € | 153 999 € | 153 614 € | 140 347 € |
| Net income | 33 898 € | 46 229 € | 49 529 € | 40 740 € | 40 462 € |
| EBITDA | 30 513 € | 78 827 € | 56 736 € | 61 728 € | 71 855 € |
| Net margin | 22.2% | 29.8% | 32.2% | 26.5% | 28.8% |
In 2020, LES TROIS CASES achieves revenue of 153 k€. Revenue is growing positively over 5 years (CAGR: +2.1%). Slight decline of -2% vs 2019. After deducting consumption (0 €), gross margin stands at 153 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 31 k€, representing 20.0% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -61%, reducing margin by 30.8 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 34 k€, i.e. 22.2% of revenue. This profit can be retained or distributed to shareholders.
152 534 €
152 534 €
30 513 €
41 811 €
33 898 €
20.0%
The debt ratio (= Financial debt / Equity x 100) stands at 99%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 50%. 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 25.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 14.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
99.107%
49.73%
14.817%
25.696
48.0%
In 2020, the debt ratio of LES TROIS CASES (99.11) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2020, the financial autonomy of LES TROIS CASES (49.7%) 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.
In 2020, the repayment capacity of LES TROIS CASES (25.70) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 15660.62. 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 2.0x. Coverage is limited: any activity downturn would jeopardize interest payments.
15660.62
1.986
In 2020, the liquidity ratio of LES TROIS CASES (15660.62) 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.
In 2020, the interest coverage of LES TROIS CASES (2.0x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 9 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 21 days. Favorable situation: supplier credit is longer than customer credit by 12 days. Overall, WCR represents 26 days of revenue, i.e. 11 k€ to permanently finance. Over 2016-2020, WCR increased by +228%, requiring additional financing.
11 013 €
9 j
21 j
0 j
26 j
Based on 193 transactions of similar company sales in 2020, the value of LES TROIS CASES is estimated at 158 450 € (range 69 991€ - 272 423€). With an EBITDA of 30 513€, the sector multiple of 6.2x is applied. The price/revenue ratio is 0.62x (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.
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This estimate is based on the analysis of 193 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare LES TROIS CASES with other companies in the same sector:
Voir toutes les statistiques du secteur Location de logements
The revenue of LES TROIS CASES in 2020 is 153 k€.
Yes, LES TROIS CASES generated a net profit of 34 k€ in 2020.
The headquarters of LES TROIS CASES is located in SAINT-PIERRE (97410), in the department La Reunion.
The tax return of LES TROIS CASES 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).
LES TROIS CASES operates in the sector Location de logements (NAF code 68.20A). See the 'Sector positioning' section above to compare the company with its competitors.