OUVERTURE DU BONHEUR ENGINEERING : revenue, balance sheet and financial ratios

OUVERTURE DU BONHEUR ENGINEERING is a French company founded 22 years ago, specialized in the sector Ingénierie, études techniques. Based in SAINT-ANDRE (97440), this company of category PME shows in 2020 a revenue of 122 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - OUVERTURE DU BONHEUR ENGINEERING (SIREN 450775440)
Indicator 2020 2019 2018 2017
Revenue 121 662 € 70 940 € 65 922 € 53 762 €
Net income -2 170 € -2 057 € -14 414 € 2 532 €
EBITDA 10 866 € 10 794 € -666 € 15 002 €
Net margin -1.8% -2.9% -21.9% 4.7%

Revenue and income statement

In 2020, OUVERTURE DU BONHEUR ENGINEERING achieves revenue of 122 k€. Over the period 2017-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +31.3%. Vs 2019, growth of +71% (71 k€ -> 122 k€). After deducting consumption (0 €), gross margin stands at 122 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 11 k€, representing 8.9% of revenue. Warning negative scissor effect: despite revenue change (+71%), EBITDA varies by +1%, reducing margin by 6.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -2 k€ (-1.8% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

121 662 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

121 662 €

EBITDA (2020) ?
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

10 866 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-3 078 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-2 170 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.8%

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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 7%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

7.4%

Financial autonomy (2020) ?
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

2.849%

Cash flow / Revenue (2020) ?
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

9.304%

Repayment capacity (2020) ?
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

0.366

Asset age ratio (2020) ?
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

30.3%

Solvency indicators evolution
OUVERTURE DU BONHEUR ENGINEERING

Sector positioning

Debt ratio
7.4 2020
2018
2019
2020
Q1: 0.0
Med: 11.19
Q3: 69.72
Good -20 pts over 3 years

In 2020, the debt ratio of OUVERTURE DU BONHEUR ENGI... (7.40) 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
2.85% 2020
2018
2019
2020
Q1: 10.17%
Med: 35.02%
Q3: 59.62%
Average

In 2020, the financial autonomy of OUVERTURE DU BONHEUR ENGI... (2.9%) 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
0.37 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.16 years
Average +33 pts over 3 years

In 2020, the repayment capacity of OUVERTURE DU BONHEUR ENGI... (0.37) 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 114.11. 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 3.3x. Financial charges are adequately covered by operations.

Liquidity ratio (2020) ?
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

114.109

Interest coverage (2020) ?
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

3.267

Liquidity indicators evolution
OUVERTURE DU BONHEUR ENGINEERING

Sector positioning

Liquidity ratio
114.11 2020
2018
2019
2020
Q1: 149.47
Med: 235.31
Q3: 397.06
Watch

In 2020, the liquidity ratio of OUVERTURE DU BONHEUR ENGI... (114.11) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
3.27x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.86x
Excellent +50 pts over 3 years

In 2020, the interest coverage of OUVERTURE DU BONHEUR ENGI... (3.3x) 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: 158 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 148 days. The company must finance 10 days of gap between collections and payments. WCR is negative (-18 days): operations structurally generate cash. Notable WCR improvement over the period (-135%), freeing up cash.

Operating WCR (2020) ?
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

-6 120 €

Customer credit (2020) ?
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

158 j

Supplier credit (2020) ?
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

148 j

Inventory turnover (2020) ?
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 (2020) ?
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

-18 j

WCR and payment terms evolution
OUVERTURE DU BONHEUR ENGINEERING

Positioning of OUVERTURE DU BONHEUR ENGINEERING in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (36 transactions). This range of 19 274€ to 67 399€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2020
Indicative
19k€ 44k€ 67k€
44 128 € Range: 19 274€ - 67 399€
NAF 5 année 2020

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 36 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 (Ingénierie, études techniques)

Compare OUVERTURE DU BONHEUR ENGINEERING with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about OUVERTURE DU BONHEUR ENGINEERING

What is the revenue of OUVERTURE DU BONHEUR ENGINEERING ?

The revenue of OUVERTURE DU BONHEUR ENGINEERING in 2020 is 122 k€.

Is OUVERTURE DU BONHEUR ENGINEERING profitable?

OUVERTURE DU BONHEUR ENGINEERING recorded a net loss in 2020.

Where is the headquarters of OUVERTURE DU BONHEUR ENGINEERING ?

The headquarters of OUVERTURE DU BONHEUR ENGINEERING is located in SAINT-ANDRE (97440), in the department La Reunion.

Where to find the tax return of OUVERTURE DU BONHEUR ENGINEERING ?

The tax return of OUVERTURE DU BONHEUR ENGINEERING 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 OUVERTURE DU BONHEUR ENGINEERING operate?

OUVERTURE DU BONHEUR ENGINEERING operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.