SA BOURGONORM : revenue, balance sheet and financial ratios

SA BOURGONORM is a French company founded 33 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in LA CHAPELLE-D'ARMENTIERES (59930), this company of category PME shows in 2025 a revenue of 224 k€. 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 - SA BOURGONORM (SIREN 390645422)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 223 826 € 195 780 € 199 771 € 142 460 € 112 987 € 108 992 € 111 837 € 201 397 € 120 808 €
Net income -28 941 € 36 173 € 38 050 € 52 371 € 20 181 € 24 974 € 8 930 € 30 112 € -25 018 €
EBITDA 84 007 € 96 507 € 88 162 € 28 567 € -7 444 € -891 € 14 453 € 56 999 € -82 653 €
Net margin -12.9% 18.5% 19.0% 36.8% 17.9% 22.9% 8.0% 15.0% -20.7%

Revenue and income statement

In 2025, SA BOURGONORM achieves revenue of 224 k€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +8.0%. Vs 2024, growth of +14% (196 k€ -> 224 k€). After deducting consumption (0 €), gross margin stands at 224 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 84 k€, representing 37.5% of revenue. Warning negative scissor effect: despite revenue change (+14%), EBITDA varies by -13%, reducing margin by 11.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -29 k€ (-12.9% 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

223 826 €

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

223 826 €

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

84 007 €

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

13 159 €

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

-28 941 €

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

37.5%

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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 126%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. 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 54.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 10.7% 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 (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

125.824%

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

43.164%

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

10.704%

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

54.011

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

68.9%

Solvency indicators evolution
SA BOURGONORM

Sector positioning

Debt ratio
125.82 2025
2023
2024
2025
Q1: 0.0
Med: 8.6
Q3: 104.1
Average +19 pts over 3 years

In 2025, the debt ratio of SA BOURGONORM (125.82) 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
43.16% 2025
2023
2024
2025
Q1: 4.51%
Med: 47.13%
Q3: 86.22%
Average -23 pts over 3 years

In 2025, the financial autonomy of SA BOURGONORM (43.2%) 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
54.01 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 1.02 years
Q3: 9.04 years
Average +9 pts over 3 years

In 2025, the repayment capacity of SA BOURGONORM (54.01) 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 278.52. 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 57.2x. Operating income very largely covers interest expenses: high safety margin.

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

278.52

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

57.195

Liquidity indicators evolution
SA BOURGONORM

Sector positioning

Liquidity ratio
278.52 2025
2023
2024
2025
Q1: 94.87
Med: 386.44
Q3: 1925.44
Average -34 pts over 3 years

In 2025, the liquidity ratio of SA BOURGONORM (278.52) 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
57.2x 2025
2023
2024
2025
Q1: -0.09x
Med: 0.0x
Q3: 12.18x
Excellent

In 2025, the interest coverage of SA BOURGONORM (57.2x) 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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 190 days. Excellent situation: suppliers finance 147 days of the operating cycle (retail model). Overall, WCR represents 48 days of revenue, i.e. 30 k€ to permanently finance. Over 2017-2025, WCR increased by +57%, requiring additional financing.

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

29 691 €

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

43 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

190 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

0 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

48 j

WCR and payment terms evolution
SA BOURGONORM

Positioning of SA BOURGONORM in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 117 transactions of similar company sales in 2025, the value of SA BOURGONORM is estimated at 217 798 € (range 128 211€ - 593 024€). With an EBITDA of 84 007€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (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 value 2025
117 transactions
128k€ 217k€ 593k€
217 798 € Range: 128 211€ - 593 024€
NAF 5 année 2025

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
84 007 € × 2.7x
Estimation 225 154 €
147 224€ - 658 004€
Revenue Multiple 30%
223 826 € × 0.92x
Estimation 205 541 €
96 524€ - 484 723€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 SA BOURGONORM with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about SA BOURGONORM

What is the revenue of SA BOURGONORM ?

The revenue of SA BOURGONORM in 2025 is 224 k€.

Is SA BOURGONORM profitable?

SA BOURGONORM recorded a net loss in 2025.

Where is the headquarters of SA BOURGONORM ?

The headquarters of SA BOURGONORM is located in LA CHAPELLE-D'ARMENTIERES (59930), in the department Nord.

Where to find the tax return of SA BOURGONORM ?

The tax return of SA BOURGONORM 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 SA BOURGONORM operate?

SA BOURGONORM 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.