SARL BILLIETTE FRERES : revenue, balance sheet and financial ratios

SARL BILLIETTE FRERES is a French company founded 13 years ago, specialized in the sector Travaux de couverture par éléments. Based in LA CELLE-SAINT-CYR (89116), this company of category PME shows in 2023 a revenue of 265 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 - SARL BILLIETTE FRERES (SIREN 752417451)
Indicator 2023 2021 2020 2019 2018 2017 2016
Revenue 264 722 € 263 492 € 233 962 € 271 284 € 211 006 € 237 279 € 189 237 €
Net income 19 153 € 1 780 € 9 682 € 8 850 € 7 748 € 18 629 € -547 €
EBITDA 30 527 € 17 430 € 30 967 € 25 031 € 25 134 € 30 179 € -1 131 €
Net margin 7.2% 0.7% 4.1% 3.3% 3.7% 7.9% -0.3%

Revenue and income statement

In 2023, SARL BILLIETTE FRERES achieves revenue of 265 k€. Revenue is growing positively over 7 years (CAGR: +4.9%). Vs 2021: +0%. After deducting consumption (74 k€), gross margin stands at 191 k€, i.e. a rate of 72%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 31 k€, representing 11.5% of revenue. Positive scissor effect: EBITDA margin improves by +4.9 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 19 k€, i.e. 7.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

264 722 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

190 696 €

EBITDA (2023) ?
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

30 527 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

24 218 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

19 153 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

11.4%

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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 41%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

41.143%

Financial autonomy (2023) ?
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

24.534%

Cash flow / Revenue (2023) ?
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

9.618%

Repayment capacity (2023) ?
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

0.53

Asset age ratio (2023) ?
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

9.3%

Solvency indicators evolution
SARL BILLIETTE FRERES

Sector positioning

Debt ratio
41.14 2023
2020
2021
2023
Q1: 5.01
Med: 25.02
Q3: 60.77
Average +36 pts over 3 years

In 2023, the debt ratio of SARL BILLIETTE FRERES (41.14) 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
24.53% 2023
2020
2021
2023
Q1: 18.62%
Med: 38.44%
Q3: 57.0%
Average +8 pts over 3 years

In 2023, the financial autonomy of SARL BILLIETTE FRERES (24.5%) 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
0.53 years 2023
2020
2021
2023
Q1: 0.0 years
Med: 0.43 years
Q3: 1.39 years
Average -8 pts over 3 years

In 2023, the repayment capacity of SARL BILLIETTE FRERES (0.53) 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 279.89. 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 2.4x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

279.891

Interest coverage (2023) ?
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

2.447

Liquidity indicators evolution
SARL BILLIETTE FRERES

Sector positioning

Liquidity ratio
279.89 2023
2020
2021
2023
Q1: 150.32
Med: 212.77
Q3: 302.93
Good

In 2023, the liquidity ratio of SARL BILLIETTE FRERES (279.89) 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
2.45x 2023
2020
2021
2023
Q1: 0.0x
Med: 0.68x
Q3: 2.48x
Good

In 2023, the interest coverage of SARL BILLIETTE FRERES (2.5x) 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. Average customer payment term: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Inventory turnover is 72 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 17 days of revenue, i.e. 13 k€ to permanently finance. Over 2016-2023, WCR increased by +275%, requiring additional financing.

Operating WCR (2023) ?
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

12 836 €

Customer credit (2023) ?
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 (2023) ?
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

51 j

Inventory turnover (2023) ?
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

72 j

WCR in days of revenue (2023) ?
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

17 j

WCR and payment terms evolution
SARL BILLIETTE FRERES

Positioning of SARL BILLIETTE FRERES in its sector

Comparison with sector Travaux de couverture par éléments

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of SARL BILLIETTE FRERES is estimated at 56 991 € (range 27 428€ - 93 621€). With an EBITDA of 30 527€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (conservative valuation). 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 2023
113 transactions
27k€ 56k€ 93k€
56 991 € Range: 27 428€ - 93 621€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
30 527 € × 2.2x
Estimation 68 675 €
28 346€ - 110 189€
Revenue Multiple 30%
264 722 € × 0.16x
Estimation 41 057 €
26 695€ - 67 195€
Net Income Multiple 20%
19 153 € × 2.7x
Estimation 51 683 €
26 234€ - 91 842€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 113 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 couverture par éléments)

Compare SARL BILLIETTE FRERES with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de couverture par éléments

Frequently asked questions about SARL BILLIETTE FRERES

What is the revenue of SARL BILLIETTE FRERES ?

The revenue of SARL BILLIETTE FRERES in 2023 is 265 k€.

Is SARL BILLIETTE FRERES profitable?

Yes, SARL BILLIETTE FRERES generated a net profit of 19 k€ in 2023.

Where is the headquarters of SARL BILLIETTE FRERES ?

The headquarters of SARL BILLIETTE FRERES is located in LA CELLE-SAINT-CYR (89116), in the department Yonne.

Where to find the tax return of SARL BILLIETTE FRERES ?

The tax return of SARL BILLIETTE FRERES 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 SARL BILLIETTE FRERES operate?

SARL BILLIETTE FRERES operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.