Employees: NN (None)Legal category: Société à responsabilité limitée (sans autre indication)Size: PMECreation date: 2018-06-21 (7 years)Status: ActiveBusiness sector: Location de terrains et d'autres biens immobiliersLocation: AVRILLE (49240), Maine-et-Loire
PULSAR IMMO : revenue, balance sheet and financial ratios
PULSAR IMMO is a French company
founded 7 years ago,
specialized in the sector Location de terrains et d'autres biens immobiliers.
Based in AVRILLE (49240),
this company of category PME
shows in 2019 a revenue of 64 k€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2019, PULSAR IMMO achieves revenue of 64 k€. Vs 2018, growth of +144% (26 k€ -> 64 k€). After deducting consumption (0 €), gross margin stands at 64 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 56 k€, representing 86.8% of revenue. Positive scissor effect: EBITDA margin improves by +200.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.
Revenue (2019)
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Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production
64 210 €
Gross margin (2019)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
64 210 €
EBITDA (2019)
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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
55 748 €
EBIT (2019)
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EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
13 481 €
Net income (2019)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
2 158 €
EBITDA margin (2019)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
86.8%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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%
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Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at -1186%. 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 105%. 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 13.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 69.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
Debt ratio (2019)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
-1186.06%
Financial autonomy (2019)
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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
105.47%
Cash flow / Revenue (2019)
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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
69.187%
Repayment capacity (2019)
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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
13.467
Asset age ratio (2019)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2018
2019
Debt ratio
-1228.985
-1186.06
Financial autonomy
108.181
105.47
Repayment capacity
-18.333
13.467
Cash flow / Revenue
-134.127%
69.187%
Sector positioning
Debt ratio
-1186.062019
2018
2019
Q1: 0.0
Med: 12.64
Q3: 156.12
Excellent
In 2019, the debt ratio of PULSAR IMMO (-1186.06) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
Financial autonomy
105.47%2019
2018
2019
Q1: 2.78%
Med: 38.42%
Q3: 79.82%
Excellent
In 2019, the financial autonomy of PULSAR IMMO (105.5%) 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
13.47 years2019
2018
2019
Q1: 0.0 years
Med: 0.55 years
Q3: 8.61 years
Average+50 pts over 2 years
In 2019, the repayment capacity of PULSAR IMMO (13.47) 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 141.09. 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 20.3x. Operating income very largely covers interest expenses: high safety margin.
Liquidity ratio (2019)
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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
141.091
Interest coverage (2019)
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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
20.311
Liquidity indicators evolution PULSAR IMMO
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2018
2019
Liquidity ratio
350.205
141.091
Interest coverage
-17.623
20.311
Sector positioning
Liquidity ratio
141.092019
2018
2019
Q1: 72.53
Med: 242.03
Q3: 940.51
Average-19 pts over 2 years
In 2019, the liquidity ratio of PULSAR IMMO (141.09) 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
20.31x2019
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 13.73x
Excellent+50 pts over 2 years
In 2019, the interest coverage of PULSAR IMMO (20.3x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 198 days. Excellent situation: suppliers finance 198 days of the operating cycle (retail model). WCR is negative (-26 days): operations structurally generate cash.
Operating WCR (2019)
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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
-4 644 €
Customer credit (2019)
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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)
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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
198 j
Inventory turnover (2019)
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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 (2019)
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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
-26 j
WCR and payment terms evolution PULSAR IMMO
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2018
2019
Operating WCR
-3 059 €
-4 644 €
Inventory turnover (days)
0
0
Customer payment term (days)
0
0
Supplier payment term (days)
23
198
Positioning of PULSAR IMMO in its sector
Comparison with sector Location de terrains et d'autres biens immobiliers
Valuation estimate
Based on 234 transactions of similar company sales
in 2019,
the value of PULSAR IMMO is estimated at
168 090 €
(range 56 026€ - 319 925€).
With an EBITDA of 55 748€, the sector multiple of 5.5x is applied.
The price/revenue ratio is 0.69x
(in line with sector norms).
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 value2019
234 transactions
56k€168k€319k€
168 090 €Range: 56 026€ - 319 925€
NAF 5 année 2019
Valuation detail by method
Ajustez les pondérations selon votre analyse
EBITDA Multiple50%
55 748 €×5.5x
Estimation304 112 €
97 287€ - 583 860€
Revenue Multiple30%
64 210 €×0.69x
Estimation44 240 €
21 146€ - 74 698€
Net Income Multiple20%
2 158 €×6.4x
Estimation13 808 €
5 199€ - 27 930€
Valuation evolution
Visualisation creee via abddaf.fr Sources : BODACC & INPI
How is this estimate calculated?
This estimate is based on the analysis of 234 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 (Location de terrains et d'autres biens immobiliers)
Compare PULSAR IMMO with other companies in the same sector:
Yes, PULSAR IMMO generated a net profit of 2 k€ in 2019.
Where is the headquarters of PULSAR IMMO ?
The headquarters of PULSAR IMMO is located in AVRILLE (49240), in the department Maine-et-Loire.
Where to find the tax return of PULSAR IMMO ?
The tax return of PULSAR IMMO 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 PULSAR IMMO operate?
PULSAR IMMO operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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