NOREE CONSTRUCTION : revenue, balance sheet and financial ratios

NOREE CONSTRUCTION is a French company founded 26 years ago, specialized in the sector Travaux de maçonnerie générale et gros œuvre de bâtiment. Based in HILLION (22120), this company of category PME shows in 2017 a revenue of 8.5 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 - NOREE CONSTRUCTION (SIREN 424177335)
Indicator 2019 2018 2017 2016
Revenue N/C N/C 8 490 106 € 7 682 293 €
Net income 884 705 € 224 129 € 214 840 € 7 131 €
EBITDA N/C N/C 478 994 € 143 697 €
Net margin N/C N/C 2.5% 0.1%

Revenue and income statement

In 2019, NOREE CONSTRUCTION generates positive net income of 885 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2019: 7 k€ -> 885 k€.

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

884 705 €

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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 13%. 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 58%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

13.217%

Financial autonomy (2019) ?
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

57.982%

Asset age ratio (2019) ?
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

24.9%

Solvency indicators evolution
NOREE CONSTRUCTION

Sector positioning

Debt ratio
13.22 2019
2017
2018
2019
Q1: 0.7
Med: 14.08
Q3: 51.2
Good +14 pts over 3 years

In 2019, the debt ratio of NOREE CONSTRUCTION (13.22) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
57.98% 2019
2017
2018
2019
Q1: 7.98%
Med: 29.4%
Q3: 51.11%
Excellent

In 2019, the financial autonomy of NOREE CONSTRUCTION (58.0%) 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
0.25 years 2017
2017
Q1: 0.0 years
Med: 0.06 years
Q3: 0.97 years
Average

In 2017, the repayment capacity of NOREE CONSTRUCTION (0.25) 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 206.98. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

206.977

Liquidity indicators evolution
NOREE CONSTRUCTION

Sector positioning

Liquidity ratio
206.98 2019
2017
2018
2019
Q1: 126.5
Med: 176.94
Q3: 271.3
Good

In 2019, the liquidity ratio of NOREE CONSTRUCTION (206.98) 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
0.38x 2017
2017
Q1: 0.0x
Med: 0.18x
Q3: 2.5x
Good

In 2017, the interest coverage of NOREE CONSTRUCTION (0.4x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

Operating WCR (2019) ?
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

0 €

Customer credit (2019) ?
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 (2019) ?
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

0 j

Inventory turnover (2019) ?
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 and payment terms evolution
NOREE CONSTRUCTION

Positioning of NOREE CONSTRUCTION in its sector

Comparison with sector Travaux de maçonnerie générale et gros œuvre de bâtiment

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (27 transactions). This range of 2 021 356€ to 5 307 330€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
2021k€ 3430k€ 5307k€
3 430 383 € Range: 2 021 356€ - 5 307 330€
NAF 5 année 2019

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 27 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 (Travaux de maçonnerie générale et gros œuvre de bâtiment)

Compare NOREE CONSTRUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de maçonnerie générale et gros œuvre de bâtiment

Frequently asked questions about NOREE CONSTRUCTION

What is the revenue of NOREE CONSTRUCTION ?

The revenue of NOREE CONSTRUCTION in 2017 is 8.5 M€.

Is NOREE CONSTRUCTION profitable?

Yes, NOREE CONSTRUCTION generated a net profit of 885 k€ in 2019.

Where is the headquarters of NOREE CONSTRUCTION ?

The headquarters of NOREE CONSTRUCTION is located in HILLION (22120), in the department Cotes-d'Armor.

Where to find the tax return of NOREE CONSTRUCTION ?

The tax return of NOREE CONSTRUCTION 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 NOREE CONSTRUCTION operate?

NOREE CONSTRUCTION operates in the sector Travaux de maçonnerie générale et gros œuvre de bâtiment (NAF code 43.99C). See the 'Sector positioning' section above to compare the company with its competitors.