PISCINES ET SPAS DU BELINOIS : revenue, balance sheet and financial ratios

PISCINES ET SPAS DU BELINOIS is a French company founded 5 years ago, specialized in the sector Autres travaux spécialisés de construction. Based in ECOMMOY (72220), this company of category PME shows in 2025 a revenue of 374 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - PISCINES ET SPAS DU BELINOIS (SIREN 883638926)
Indicator 2025 2024 2023
Revenue 374 418 € 427 175 € 457 367 €
Net income -16 333 € 37 430 € -47 964 €
EBITDA -12 717 € 42 787 € -45 912 €
Net margin -4.4% 8.8% -10.5%

Revenue and income statement

In 2025, PISCINES ET SPAS DU BELINOIS achieves revenue of 374 k€. Revenue is declining over the period 2023-2025 (CAGR: -9.5%). Significant drop of -12% vs 2024. After deducting consumption (200 k€), gross margin stands at 175 k€, i.e. a rate of 47%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -13 k€, representing -3.4% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -130%, reducing margin by 13.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -16 k€ (-4.4% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

374 418 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

174 873 €

EBITDA (2025) ?
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

-12 717 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-17 407 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-16 333 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.4%

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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 20%. 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 41%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

20.013%

Financial autonomy (2025) ?
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

40.62%

Cash flow / Revenue (2025) ?
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

-3.103%

Repayment capacity (2025) ?
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

-1.134

Asset age ratio (2025) ?
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

28.2%

Solvency indicators evolution
PISCINES ET SPAS DU BELINOIS

Sector positioning

Debt ratio
20.01 2025
2023
2024
2025
Q1: 6.06
Med: 18.16
Q3: 48.18
Average -14 pts over 3 years

In 2025, the debt ratio of PISCINES ET SPAS DU BELINOIS (20.01) 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
40.62% 2025
2023
2024
2025
Q1: 28.51%
Med: 46.54%
Q3: 63.86%
Average

In 2025, the financial autonomy of PISCINES ET SPAS DU BELINOIS (40.6%) 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
-1.13 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.54 years
Q3: 1.39 years
Excellent

In 2025, the repayment capacity of PISCINES ET SPAS DU BELINOIS (-1.13) 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 185.33. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

185.334

Interest coverage (2025) ?
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

-1.321

Liquidity indicators evolution
PISCINES ET SPAS DU BELINOIS

Sector positioning

Liquidity ratio
185.33 2025
2023
2024
2025
Q1: 167.61
Med: 232.45
Q3: 347.29
Average

In 2025, the liquidity ratio of PISCINES ET SPAS DU BELINOIS (185.33) 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
-1.32x 2025
2023
2024
2025
Q1: 0.0x
Med: 1.28x
Q3: 4.82x
Watch

In 2025, the interest coverage of PISCINES ET SPAS DU BELINOIS (-1.3x) 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: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Inventory turnover is 76 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 96 days of revenue, i.e. 100 k€ to permanently finance.

Operating WCR (2025) ?
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

99 985 €

Customer credit (2025) ?
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

23 j

Supplier credit (2025) ?
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

56 j

Inventory turnover (2025) ?
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

76 j

WCR in days of revenue (2025) ?
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

96 j

WCR and payment terms evolution
PISCINES ET SPAS DU BELINOIS

Positioning of PISCINES ET SPAS DU BELINOIS in its sector

Comparison with sector Autres travaux spécialisés de construction

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 30 309€ to 66 832€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
30k€ 32k€ 66k€
32 147 € Range: 30 309€ - 66 832€
NAF 5 année 2025

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 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 (Autres travaux spécialisés de construction)

Compare PISCINES ET SPAS DU BELINOIS with other companies in the same sector:

Voir toutes les statistiques du secteur Autres travaux spécialisés de construction

Frequently asked questions about PISCINES ET SPAS DU BELINOIS

What is the revenue of PISCINES ET SPAS DU BELINOIS ?

The revenue of PISCINES ET SPAS DU BELINOIS in 2025 is 374 k€.

Is PISCINES ET SPAS DU BELINOIS profitable?

PISCINES ET SPAS DU BELINOIS recorded a net loss in 2025.

Where is the headquarters of PISCINES ET SPAS DU BELINOIS ?

The headquarters of PISCINES ET SPAS DU BELINOIS is located in ECOMMOY (72220), in the department Sarthe.

Where to find the tax return of PISCINES ET SPAS DU BELINOIS ?

The tax return of PISCINES ET SPAS DU BELINOIS 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 PISCINES ET SPAS DU BELINOIS operate?

PISCINES ET SPAS DU BELINOIS operates in the sector Autres travaux spécialisés de construction (NAF code 43.99D). See the 'Sector positioning' section above to compare the company with its competitors.