SOCIETE D'EXPLOITATION DU GOLF D'EMBATS : revenue, balance sheet and financial ratios

SOCIETE D'EXPLOITATION DU GOLF D'EMBATS is a French company founded 38 years ago, specialized in the sector Gestion d'installations sportives. Based in AUCH (32000), this company of category PME shows in 2020 a revenue of 219 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - SOCIETE D'EXPLOITATION DU GOLF D'EMBATS (SIREN 342226701)
Indicator 2020 2019 2018 2017 2016
Revenue 219 046 € 212 107 € 204 542 € 198 936 € 190 908 €
Net income -24 806 € 7 863 € -8 726 € -17 424 € -33 686 €
EBITDA 20 633 € 13 329 € 5 605 € 1 432 € -4 852 €
Net margin -11.3% 3.7% -4.3% -8.8% -17.6%

Revenue and income statement

In 2020, SOCIETE D'EXPLOITATION DU GOLF D'EMBATS achieves revenue of 219 k€. Revenue is growing positively over 5 years (CAGR: +3.5%). Vs 2019: +3%. After deducting consumption (5 k€), gross margin stands at 214 k€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21 k€, representing 9.4% of revenue. Positive scissor effect: EBITDA margin improves by +3.1 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -25 k€ (-11.3% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

219 046 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

214 195 €

EBITDA (2020) ?
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

20 633 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

16 885 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-24 806 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

9.2%

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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 17%. 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 23%. The balance between equity and debt is satisfactory.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

17.373%

Financial autonomy (2020) ?
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

23.223%

Cash flow / Revenue (2020) ?
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

-9.717%

Repayment capacity (2020) ?
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

-0.14

Asset age ratio (2020) ?
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

1.3%

Solvency indicators evolution
SOCIETE D'EXPLOITATION DU GOLF D'EMBATS

Sector positioning

Debt ratio
17.37 2020
2018
2019
2020
Q1: -40.94
Med: 13.43
Q3: 148.69
Average +14 pts over 3 years

In 2020, the debt ratio of SOCIETE D'EXPLOITATION DU... (17.37) 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
23.22% 2020
2018
2019
2020
Q1: 0.0%
Med: 19.78%
Q3: 48.32%
Good

In 2020, the financial autonomy of SOCIETE D'EXPLOITATION DU... (23.2%) 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
-0.14 years 2020
2018
2019
2020
Q1: -0.68 years
Med: 0.02 years
Q3: 3.98 years
Good -10 pts over 3 years

In 2020, the repayment capacity of SOCIETE D'EXPLOITATION DU... (-0.14) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 79.02. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

79.018

Interest coverage (2020) ?
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
SOCIETE D'EXPLOITATION DU GOLF D'EMBATS

Sector positioning

Liquidity ratio
79.02 2020
2018
2019
2020
Q1: 81.59
Med: 147.34
Q3: 279.65
Average -16 pts over 3 years

In 2020, the liquidity ratio of SOCIETE D'EXPLOITATION DU... (79.02) 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 2020
2018
2019
2020
Q1: -0.76x
Med: 0.0x
Q3: 4.59x
Good +25 pts over 3 years

In 2020, the interest coverage of SOCIETE D'EXPLOITATION DU... (0.0x) 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: 13 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 83 days. Excellent situation: suppliers finance 70 days of the operating cycle (retail model). Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-10 days): operations structurally generate cash. Notable WCR improvement over the period (-162%), freeing up cash.

Operating WCR (2020) ?
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

-6 330 €

Customer credit (2020) ?
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

13 j

Supplier credit (2020) ?
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

83 j

Inventory turnover (2020) ?
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

7 j

WCR in days of revenue (2020) ?
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

-10 j

WCR and payment terms evolution
SOCIETE D'EXPLOITATION DU GOLF D'EMBATS

Positioning of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS in its sector

Comparison with sector Gestion d'installations sportives

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS is estimated at 98 961 € (range 44 428€ - 158 763€). With an EBITDA of 20 633€, the sector multiple of 4.0x is applied. The price/revenue ratio is 0.57x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2020
73 tx
44k€ 98k€ 158k€
98 961 € Range: 44 428€ - 158 763€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
20 633 € × 4.0x
Estimation 83 240 €
47 390€ - 132 932€
Revenue Multiple 30%
219 046 € × 0.57x
Estimation 125 164 €
39 493€ - 201 816€
How is this estimate calculated?

This estimate is based on the analysis of 73 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 (Gestion d'installations sportives)

Compare SOCIETE D'EXPLOITATION DU GOLF D'EMBATS with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion d'installations sportives

Frequently asked questions about SOCIETE D'EXPLOITATION DU GOLF D'EMBATS

What is the revenue of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS ?

The revenue of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS in 2020 is 219 k€.

Is SOCIETE D'EXPLOITATION DU GOLF D'EMBATS profitable?

SOCIETE D'EXPLOITATION DU GOLF D'EMBATS recorded a net loss in 2020.

Where is the headquarters of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS ?

The headquarters of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS is located in AUCH (32000), in the department Gers.

Where to find the tax return of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS ?

The tax return of SOCIETE D'EXPLOITATION DU GOLF D'EMBATS 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 SOCIETE D'EXPLOITATION DU GOLF D'EMBATS operate?

SOCIETE D'EXPLOITATION DU GOLF D'EMBATS operates in the sector Gestion d'installations sportives (NAF code 93.11Z). See the 'Sector positioning' section above to compare the company with its competitors.