SOCIETE IMMOBILIERE DE BASSE NORMANDIE : revenue, balance sheet and financial ratios

SOCIETE IMMOBILIERE DE BASSE NORMANDIE is a French company founded 69 years ago, specialized in the sector Location de logements. Based in AVRANCHES (50300), this company of category PME shows in 2021 a revenue of 90 k€. 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 - SOCIETE IMMOBILIERE DE BASSE NORMANDIE (SIREN 405750670)
Indicator 2021 2020 2019 2018
Revenue 90 342 € 94 750 € 105 665 € 103 186 €
Net income -15 456 € 4 931 € 121 047 € -2 800 €
EBITDA -33 173 € 38 598 € 43 246 € 30 001 €
Net margin -17.1% 5.2% 114.6% -2.7%

Revenue and income statement

In 2021, SOCIETE IMMOBILIERE DE BASSE NORMANDIE achieves revenue of 90 k€. Activity remains stable over the period (CAGR: -4.3%). Slight decline of -5% vs 2020. After deducting consumption (0 €), gross margin stands at 90 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 -33 k€, representing -36.7% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -186%, reducing margin by 77.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -15 k€ (-17.1% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

90 342 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

90 342 €

EBITDA (2021) ?
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

-33 173 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-68 612 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-15 456 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-36.7%

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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 26%. 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 73%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

25.551%

Financial autonomy (2021) ?
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

73.32%

Cash flow / Revenue (2021) ?
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

-65.266%

Repayment capacity (2021) ?
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

-2.952

Asset age ratio (2021) ?
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

29.9%

Solvency indicators evolution
SOCIETE IMMOBILIERE DE BASSE NORMANDIE

Sector positioning

Debt ratio
25.55 2021
2019
2020
2021
Q1: -311.81
Med: 0.0
Q3: 119.28
Average

In 2021, the debt ratio of SOCIETE IMMOBILIERE DE BA... (25.55) 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
73.32% 2021
2019
2020
2021
Q1: 0.03%
Med: 43.85%
Q3: 98.53%
Good

In 2021, the financial autonomy of SOCIETE IMMOBILIERE DE BA... (73.3%) 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
-2.95 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.2 years
Q3: 15.28 years
Excellent -28 pts over 3 years

In 2021, the repayment capacity of SOCIETE IMMOBILIERE DE BA... (-2.95) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 310.61. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

310.607

Interest coverage (2021) ?
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

-2.96

Liquidity indicators evolution
SOCIETE IMMOBILIERE DE BASSE NORMANDIE

Sector positioning

Liquidity ratio
310.61 2021
2019
2020
2021
Q1: 11.27
Med: 132.38
Q3: 720.76
Good -17 pts over 3 years

In 2021, the liquidity ratio of SOCIETE IMMOBILIERE DE BA... (310.61) 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
-2.96x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 18.12x
Average -32 pts over 3 years

In 2021, the interest coverage of SOCIETE IMMOBILIERE DE BA... (-3.0x) 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: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. The gap of 32 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-162 days): operations structurally generate cash. Notable WCR improvement over the period (-672%), freeing up cash.

Operating WCR (2021) ?
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

-40 561 €

Customer credit (2021) ?
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

47 j

Supplier credit (2021) ?
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

15 j

Inventory turnover (2021) ?
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 (2021) ?
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

-162 j

WCR and payment terms evolution
SOCIETE IMMOBILIERE DE BASSE NORMANDIE

Positioning of SOCIETE IMMOBILIERE DE BASSE NORMANDIE in its sector

Comparison with sector Location de logements

Valuation estimate

Based on 178 transactions of similar company sales in 2021, the value of SOCIETE IMMOBILIERE DE BASSE NORMANDIE is estimated at 63 177 € (range 22 103€ - 166 344€). The price/revenue ratio is 0.70x (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 2021
178 transactions
22k€ 63k€ 166k€
63 177 € Range: 22 103€ - 166 344€
NAF 5 année 2021

Valuation method used

Revenue Multiple
90 342 € × 0.70x = 63 178 €
Range: 22 104€ - 166 344€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 178 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 logements)

Compare SOCIETE IMMOBILIERE DE BASSE NORMANDIE with other companies in the same sector:

Voir toutes les statistiques du secteur Location de logements

Frequently asked questions about SOCIETE IMMOBILIERE DE BASSE NORMANDIE

What is the revenue of SOCIETE IMMOBILIERE DE BASSE NORMANDIE ?

The revenue of SOCIETE IMMOBILIERE DE BASSE NORMANDIE in 2021 is 90 k€.

Is SOCIETE IMMOBILIERE DE BASSE NORMANDIE profitable?

SOCIETE IMMOBILIERE DE BASSE NORMANDIE recorded a net loss in 2021.

Where is the headquarters of SOCIETE IMMOBILIERE DE BASSE NORMANDIE ?

The headquarters of SOCIETE IMMOBILIERE DE BASSE NORMANDIE is located in AVRANCHES (50300), in the department Manche.

Where to find the tax return of SOCIETE IMMOBILIERE DE BASSE NORMANDIE ?

The tax return of SOCIETE IMMOBILIERE DE BASSE NORMANDIE 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 IMMOBILIERE DE BASSE NORMANDIE operate?

SOCIETE IMMOBILIERE DE BASSE NORMANDIE operates in the sector Location de logements (NAF code 68.20A). See the 'Sector positioning' section above to compare the company with its competitors.