SARL TOP BARDAGE FORNEIROS : revenue, balance sheet and financial ratios

SARL TOP BARDAGE FORNEIROS is a French company founded 7 years ago, specialized in the sector Travaux de couverture par éléments. Based in LE BLANC-MESNIL (93150), this company of category PME shows in 2022 a revenue of 1.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - SARL TOP BARDAGE FORNEIROS (SIREN 848595757)
Indicator 2022 2021 2020
Revenue 1 040 017 € 766 093 € 767 313 €
Net income 35 188 € 38 481 € 121 579 €
EBITDA 55 239 € 47 683 € 158 478 €
Net margin 3.4% 5.0% 15.8%

Revenue and income statement

In 2022, SARL TOP BARDAGE FORNEIROS achieves revenue of 1.0 M€. Over the period 2020-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +16.4%. Vs 2021, growth of +36% (766 k€ -> 1.0 M€). After deducting consumption (206 k€), gross margin stands at 834 k€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 55 k€, representing 5.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 35 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 040 017 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

834 172 €

EBITDA (2022) ?
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

55 239 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

41 397 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

35 188 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.3%

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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 156%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

155.925%

Financial autonomy (2022) ?
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

54.264%

Cash flow / Revenue (2022) ?
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

4.714%

Repayment capacity (2022) ?
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

1.003

Asset age ratio (2022) ?
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

80.0%

Solvency indicators evolution
SARL TOP BARDAGE FORNEIROS

Sector positioning

Debt ratio
155.93 2022
2020
2021
2022
Q1: 5.59
Med: 27.34
Q3: 70.3
Watch +25 pts over 3 years

In 2022, the debt ratio of SARL TOP BARDAGE FORNEIROS (155.93) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
54.26% 2022
2020
2021
2022
Q1: 18.45%
Med: 36.97%
Q3: 55.26%
Good +49 pts over 3 years

In 2022, the financial autonomy of SARL TOP BARDAGE FORNEIROS (54.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.0 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.57 years
Q3: 1.91 years
Average +6 pts over 3 years

In 2022, the repayment capacity of SARL TOP BARDAGE FORNEIROS (1.00) 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 172.17. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

172.166

Interest coverage (2022) ?
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

0.0

Liquidity indicators evolution
SARL TOP BARDAGE FORNEIROS

Sector positioning

Liquidity ratio
172.17 2022
2020
2021
2022
Q1: 146.71
Med: 205.12
Q3: 291.11
Average -20 pts over 3 years

In 2022, the liquidity ratio of SARL TOP BARDAGE FORNEIROS (172.17) 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
0.0x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.55x
Q3: 2.47x
Average

In 2022, the interest coverage of SARL TOP BARDAGE FORNEIROS (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 11 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 0 days. The company must finance 11 days of gap between collections and payments. WCR is negative (-6 days): operations structurally generate cash. Notable WCR improvement over the period (-126%), freeing up cash.

Operating WCR (2022) ?
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

-16 172 €

Customer credit (2022) ?
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

11 j

Supplier credit (2022) ?
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 (2022) ?
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 (2022) ?
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

-6 j

WCR and payment terms evolution
SARL TOP BARDAGE FORNEIROS

Positioning of SARL TOP BARDAGE FORNEIROS 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 TOP BARDAGE FORNEIROS is estimated at 129 514 € (range 66 748€ - 212 637€). With an EBITDA of 55 239€, 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 2022
113 transactions
66k€ 129k€ 212k€
129 514 € Range: 66 748€ - 212 637€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
55 239 € × 2.2x
Estimation 124 269 €
51 292€ - 199 389€
Revenue Multiple 30%
1 040 017 € × 0.16x
Estimation 161 300 €
104 876€ - 263 991€
Net Income Multiple 20%
35 188 € × 2.7x
Estimation 94 952 €
48 198€ - 168 732€

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 TOP BARDAGE FORNEIROS with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de couverture par éléments

Frequently asked questions about SARL TOP BARDAGE FORNEIROS

What is the revenue of SARL TOP BARDAGE FORNEIROS ?

The revenue of SARL TOP BARDAGE FORNEIROS in 2022 is 1.0 M€.

Is SARL TOP BARDAGE FORNEIROS profitable?

Yes, SARL TOP BARDAGE FORNEIROS generated a net profit of 35 k€ in 2022.

Where is the headquarters of SARL TOP BARDAGE FORNEIROS ?

The headquarters of SARL TOP BARDAGE FORNEIROS is located in LE BLANC-MESNIL (93150), in the department Seine-Saint-Denis.

Where to find the tax return of SARL TOP BARDAGE FORNEIROS ?

The tax return of SARL TOP BARDAGE FORNEIROS 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 TOP BARDAGE FORNEIROS operate?

SARL TOP BARDAGE FORNEIROS 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.