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SARL MICHEL BULTHEEL : revenue, balance sheet and financial ratios

SARL MICHEL BULTHEEL is a French company founded 31 years ago, specialized in the sector Fabrication industrielle de pain et de pâtisserie fraîche. Based in ROUBAIX (59100), this company of category PME shows in 2016 a revenue of 1.9 M€. 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 - SARL MICHEL BULTHEEL (SIREN 397874546)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C N/C N/C N/C N/C N/C 1 880 444 €
Net income 285 713 € 181 865 € -56 778 € -225 936 € 110 006 € -15 661 € 212 112 € 95 288 €
EBITDA N/C N/C N/C N/C N/C N/C N/C 143 480 €
Net margin N/C N/C N/C N/C N/C N/C N/C 5.1%

Revenue and income statement

In 2023, SARL MICHEL BULTHEEL generates positive net income of 286 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 95 k€ -> 286 k€.

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

285 713 €

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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 70%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

19.918%

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

70.449%

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

29.2%

Solvency indicators evolution
SARL MICHEL BULTHEEL

Sector positioning

Debt ratio
19.92 2023
2021
2022
2023
Q1: 0.0
Med: 26.32
Q3: 105.44
Good -7 pts over 3 years

In 2023, the debt ratio of SARL MICHEL BULTHEEL (19.92) 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
70.45% 2023
2021
2022
2023
Q1: 9.85%
Med: 30.46%
Q3: 54.7%
Excellent

In 2023, the financial autonomy of SARL MICHEL BULTHEEL (70.5%) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 427.75. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

427.752

Liquidity indicators evolution
SARL MICHEL BULTHEEL

Sector positioning

Liquidity ratio
427.75 2023
2021
2022
2023
Q1: 97.51
Med: 142.66
Q3: 227.61
Excellent

In 2023, the liquidity ratio of SARL MICHEL BULTHEEL (427.75) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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

0 j

WCR and payment terms evolution
SARL MICHEL BULTHEEL

Positioning of SARL MICHEL BULTHEEL in its sector

Comparison with sector Fabrication industrielle de pain et de pâtisserie fraîche

Valuation estimate

Based on 131 transactions of similar company sales in 2023, the value of SARL MICHEL BULTHEEL is estimated at 2 701 876 € (range 1 189 971€ - 4 220 768€). 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
131 transactions
1189k€ 2701k€ 4220k€
2 701 876 € Range: 1 189 971€ - 4 220 768€
NAF 5 année 2023

Valuation method used

Net Income Multiple
285 713 € × 9.5x = 2 701 877 €
Range: 1 189 971€ - 4 220 768€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 131 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 (Fabrication industrielle de pain et de pâtisserie fraîche)

Compare SARL MICHEL BULTHEEL with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication industrielle de pain et de pâtisserie fraîche

Frequently asked questions about SARL MICHEL BULTHEEL

What is the revenue of SARL MICHEL BULTHEEL ?

The revenue of SARL MICHEL BULTHEEL in 2016 is 1.9 M€.

Is SARL MICHEL BULTHEEL profitable?

Yes, SARL MICHEL BULTHEEL generated a net profit of 286 k€ in 2023.

Where is the headquarters of SARL MICHEL BULTHEEL ?

The headquarters of SARL MICHEL BULTHEEL is located in ROUBAIX (59100), in the department Nord.

Where to find the tax return of SARL MICHEL BULTHEEL ?

The tax return of SARL MICHEL BULTHEEL 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 MICHEL BULTHEEL operate?

SARL MICHEL BULTHEEL operates in the sector Fabrication industrielle de pain et de pâtisserie fraîche (NAF code 10.71A). See the 'Sector positioning' section above to compare the company with its competitors.