MICHEL BORIE DISTRIBUTION : revenue, balance sheet and financial ratios

MICHEL BORIE DISTRIBUTION is a French company founded 38 years ago, specialized in the sector Commerce et réparation de motocycles. Based in VILLIERS-SUR-MARNE (94350), this company of category PME shows in 2024 a revenue of 6.4 M€. 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

Financial history - MICHEL BORIE DISTRIBUTION (SIREN 342747367)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 379 081 € 6 165 678 € 7 127 385 € 7 128 798 € 7 279 123 € 8 299 176 € 10 091 589 € 8 211 331 € 9 634 549 €
Net income 90 402 € 101 562 € 49 174 € 144 853 € 245 079 € 79 507 € 204 403 € 98 842 € 74 178 €
EBITDA -42 576 € 112 524 € 121 297 € 325 836 € 373 524 € 136 849 € 359 858 € 190 510 € 154 733 €
Net margin 1.4% 1.6% 0.7% 2.0% 3.4% 1.0% 2.0% 1.2% 0.8%

Revenue and income statement

In 2024, MICHEL BORIE DISTRIBUTION achieves revenue of 6.4 M€. Revenue is declining over the period 2016-2024 (CAGR: -5.0%). Vs 2023: +3%. After deducting consumption (4.5 M€), gross margin stands at 1.9 M€, i.e. a rate of 29%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -43 k€, representing -0.7% of revenue. Warning negative scissor effect: despite revenue change (+3%), EBITDA varies by -138%, reducing margin by 2.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 90 k€, i.e. 1.4% 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

6 379 081 €

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

1 865 627 €

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

-42 576 €

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

43 962 €

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

90 402 €

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

-0.7%

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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 42%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory.

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

41.771%

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

37.709%

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

-0.882%

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

-13.117

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

13.5%

Solvency indicators evolution
MICHEL BORIE DISTRIBUTION

Sector positioning

Debt ratio
41.77 2024
2022
2023
2024
Q1: 7.73
Med: 34.51
Q3: 99.55
Average -17 pts over 3 years

In 2024, the debt ratio of MICHEL BORIE DISTRIBUTION (41.77) 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
37.71% 2024
2022
2023
2024
Q1: 18.65%
Med: 38.73%
Q3: 59.85%
Average

In 2024, the financial autonomy of MICHEL BORIE DISTRIBUTION (37.7%) 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
-13.12 years 2024
2022
2023
2024
Q1: -0.34 years
Med: 0.46 years
Q3: 3.26 years
Excellent -51 pts over 3 years

In 2024, the repayment capacity of MICHEL BORIE DISTRIBUTION (-13.12) 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 204.76. 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

204.759

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

-44.816

Liquidity indicators evolution
MICHEL BORIE DISTRIBUTION

Sector positioning

Liquidity ratio
204.76 2024
2022
2023
2024
Q1: 160.09
Med: 227.3
Q3: 352.06
Average -28 pts over 3 years

In 2024, the liquidity ratio of MICHEL BORIE DISTRIBUTION (204.76) 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
-44.82x 2024
2022
2023
2024
Q1: -0.63x
Med: 1.46x
Q3: 12.42x
Watch -51 pts over 3 years

In 2024, the interest coverage of MICHEL BORIE DISTRIBUTION (-44.8x) 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: 9 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 78 days. Excellent situation: suppliers finance 69 days of the operating cycle (retail model). Inventory turnover is 131 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 195 days of revenue, i.e. 3.5 M€ to permanently finance. Over 2016-2024, WCR increased by +80%, 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

3 457 589 €

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

9 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

78 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

131 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

195 j

WCR and payment terms evolution
MICHEL BORIE DISTRIBUTION

Positioning of MICHEL BORIE DISTRIBUTION in its sector

Comparison with sector Commerce et réparation de motocycles

Valuation estimate

Based on 137 transactions of similar company sales (all years), the value of MICHEL BORIE DISTRIBUTION is estimated at 744 818 € (range 430 397€ - 1 266 445€). The price/revenue ratio is 0.17x (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
137 transactions
430k€ 744k€ 1266k€
744 818 € Range: 430 397€ - 1 266 445€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
6 379 081 € × 0.17x
Estimation 1 086 245 €
624 750€ - 1 705 171€
Net Income Multiple 20%
90 402 € × 2.6x
Estimation 232 680 €
138 868€ - 608 358€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 137 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 (Commerce et réparation de motocycles)

Compare MICHEL BORIE DISTRIBUTION with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce et réparation de motocycles

Frequently asked questions about MICHEL BORIE DISTRIBUTION

What is the revenue of MICHEL BORIE DISTRIBUTION ?

The revenue of MICHEL BORIE DISTRIBUTION in 2024 is 6.4 M€.

Is MICHEL BORIE DISTRIBUTION profitable?

Yes, MICHEL BORIE DISTRIBUTION generated a net profit of 90 k€ in 2024.

Where is the headquarters of MICHEL BORIE DISTRIBUTION ?

The headquarters of MICHEL BORIE DISTRIBUTION is located in VILLIERS-SUR-MARNE (94350), in the department Val-de-Marne.

Where to find the tax return of MICHEL BORIE DISTRIBUTION ?

The tax return of MICHEL BORIE DISTRIBUTION 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 MICHEL BORIE DISTRIBUTION operate?

MICHEL BORIE DISTRIBUTION operates in the sector Commerce et réparation de motocycles (NAF code 45.40Z). See the 'Sector positioning' section above to compare the company with its competitors.