MARTIN BELAYSOUD EXPANSION : revenue, balance sheet and financial ratios

MARTIN BELAYSOUD EXPANSION is a French company founded 36 years ago, specialized in the sector Activités des sièges sociaux. Based in BOURG-EN-BRESSE (01000), this company of category ETI shows in 2023 a revenue of 39.4 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 - MARTIN BELAYSOUD EXPANSION (SIREN 352463574)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 39 414 166 € 37 589 545 € 33 855 676 € 29 148 074 € 27 333 861 € 18 588 378 € 17 137 501 € 16 016 071 €
Net income 5 286 045 € 3 878 905 € 3 306 210 € 3 416 418 € 4 387 121 € 38 945 € 8 464 165 € -341 249 €
EBITDA 369 736 € -1 552 637 € 937 545 € 1 186 905 € 180 547 € -2 653 816 € 91 451 € -168 384 €
Net margin 13.4% 10.3% 9.8% 11.7% 16.1% 0.2% 49.4% -2.1%

Revenue and income statement

In 2023, MARTIN BELAYSOUD EXPANSION achieves revenue of 39.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +13.7%. Vs 2022: +5%. After deducting consumption (0 €), gross margin stands at 39.4 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 370 k€, representing 0.9% of revenue. Positive scissor effect: EBITDA margin improves by +5.1 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.3 M€, i.e. 13.4% 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

39 414 166 €

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

39 414 166 €

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

369 736 €

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

307 656 €

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

5 286 045 €

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

0.9%

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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 104%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 46%. 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 23.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 12.4% 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

103.511%

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

46.466%

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

12.435%

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

23.803

Solvency indicators evolution
MARTIN BELAYSOUD EXPANSION

Sector positioning

Debt ratio
103.51 2023
2021
2022
2023
Q1: 0.15
Med: 18.7
Q3: 101.8
Average +14 pts over 3 years

In 2023, the debt ratio of MARTIN BELAYSOUD EXPANSION (103.51) 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
46.47% 2023
2021
2022
2023
Q1: 13.7%
Med: 51.31%
Q3: 84.16%
Average -7 pts over 3 years

In 2023, the financial autonomy of MARTIN BELAYSOUD EXPANSION (46.5%) 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
23.8 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 3.84 years
Average

In 2023, the repayment capacity of MARTIN BELAYSOUD EXPANSION (23.80) 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 1065.27. 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 1756.0x. Operating income very largely covers interest expenses: high safety margin.

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

1065.268

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

1756.021

Liquidity indicators evolution
MARTIN BELAYSOUD EXPANSION

Sector positioning

Liquidity ratio
1065.27 2023
2021
2022
2023
Q1: 110.28
Med: 414.47
Q3: 1925.09
Good

In 2023, the liquidity ratio of MARTIN BELAYSOUD EXPANSION (1065.27) 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
1756.02x 2023
2021
2022
2023
Q1: -38.49x
Med: 0.0x
Q3: 2.71x
Excellent

In 2023, the interest coverage of MARTIN BELAYSOUD EXPANSION (1756.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 74 days. Excellent situation: suppliers finance 74 days of the operating cycle (retail model). Overall, WCR represents 1245 days of revenue, i.e. 136.3 M€ to permanently finance. Over 2016-2023, WCR increased by +143%, requiring additional financing.

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

136 264 231 €

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

0 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

74 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

1245 j

WCR and payment terms evolution
MARTIN BELAYSOUD EXPANSION

Positioning of MARTIN BELAYSOUD EXPANSION in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 89 transactions of similar company sales in 2023, the value of MARTIN BELAYSOUD EXPANSION is estimated at 14 054 258 € (range 6 305 725€ - 28 594 926€). With an EBITDA of 369 736€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.52x (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 2023
89 tx
6305k€ 14054k€ 28594k€
14 054 258 € Range: 6 305 725€ - 28 594 926€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
369 736 € × 4.0x
Estimation 1 486 808 €
762 690€ - 2 414 403€
Revenue Multiple 30%
39 414 166 € × 0.52x
Estimation 20 636 391 €
8 441 743€ - 36 572 667€
Net Income Multiple 20%
5 286 045 € × 6.7x
Estimation 35 599 687 €
16 959 291€ - 82 079 623€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 89 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 sièges sociaux)

Compare MARTIN BELAYSOUD EXPANSION with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about MARTIN BELAYSOUD EXPANSION

What is the revenue of MARTIN BELAYSOUD EXPANSION ?

The revenue of MARTIN BELAYSOUD EXPANSION in 2023 is 39.4 M€.

Is MARTIN BELAYSOUD EXPANSION profitable?

Yes, MARTIN BELAYSOUD EXPANSION generated a net profit of 5.3 M€ in 2023.

Where is the headquarters of MARTIN BELAYSOUD EXPANSION ?

The headquarters of MARTIN BELAYSOUD EXPANSION is located in BOURG-EN-BRESSE (01000), in the department Ain.

Where to find the tax return of MARTIN BELAYSOUD EXPANSION ?

The tax return of MARTIN BELAYSOUD EXPANSION 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 MARTIN BELAYSOUD EXPANSION operate?

MARTIN BELAYSOUD EXPANSION operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.