ND BATIMENT TOUT CORPS D ETAT : revenue, balance sheet and financial ratios

In 2024, ND BATIMENT TOUT CORPS D ETAT achieves revenue of 885 k€. Activity remains stable over the period (CAGR: -3.7%). Vs 2023, growth of +25% (710 k€ -> 885 k€). After deducting consumption (262 k€), gross margin stands at 623 k€, i.e. a rate of 70%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 125 k€, representing 14.1% of revenue. Warning negative scissor effect: despite revenue change (+25%), EBITDA varies by -24%, reducing margin by 9.1 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 91 k€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 4%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 66%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

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: 37 days. Excellent situation: suppliers finance 37 days of the operating cycle (retail model). WCR is negative (-60 days): operations structurally generate cash. Notable WCR improvement over the period (-232%), freeing up cash.

Based on 113 transactions of similar company sales (all years), the value of ND BATIMENT TOUT CORPS D ETAT is estimated at 301 611 € (range 121 283€ - 574 069€). With an EBITDA of 124 686€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.11x (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.