SOCIETE IMMOBILIERE DE PIQUEY NORD : revenue, balance sheet and financial ratios

SOCIETE IMMOBILIERE DE PIQUEY NORD is a French company founded 69 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in LA TESTE-DE-BUCH (33115), this company of category PME shows in 2018 a revenue of 14 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 IMMOBILIERE DE PIQUEY NORD (SIREN 457202208)
Indicator 2018 2017 2016
Revenue 13 810 € 63 162 € 49 179 €
Net income 466 807 € 11 065 € 347 €
EBITDA -33 604 € 27 937 € 22 653 €
Net margin 3380.2% 17.5% 0.7%

Revenue and income statement

In 2018, SOCIETE IMMOBILIERE DE PIQUEY NORD achieves revenue of 14 k€. Revenue is declining over the period 2016-2018 (CAGR: -47.0%). Significant drop of -78% vs 2017. After deducting consumption (0 €), gross margin stands at 14 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 -34 k€, representing -243.3% of revenue. Warning negative scissor effect: despite revenue change (-78%), EBITDA varies by -220%, reducing margin by 287.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 467 k€, i.e. 3380.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

13 810 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

13 810 €

EBITDA (2018) ?
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

-33 604 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-46 043 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

466 807 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-243.3%

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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 34%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 72%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

33.768%

Financial autonomy (2018) ?
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

72.205%

Cash flow / Revenue (2018) ?
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

-1548.943%

Repayment capacity (2018) ?
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

-0.897

Asset age ratio (2018) ?
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

64.6%

Solvency indicators evolution
SOCIETE IMMOBILIERE DE PIQUEY NORD

Sector positioning

Debt ratio
33.77 2018
2016
2017
2018
Q1: 0.0
Med: 13.96
Q3: 156.7
Average -22 pts over 3 years

In 2018, the debt ratio of SOCIETE IMMOBILIERE DE PI... (33.77) 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
72.2% 2018
2016
2017
2018
Q1: 3.47%
Med: 39.66%
Q3: 79.19%
Good +28 pts over 3 years

In 2018, the financial autonomy of SOCIETE IMMOBILIERE DE PI... (72.2%) 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
-0.9 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.5 years
Q3: 8.02 years
Excellent -50 pts over 3 years

In 2018, the repayment capacity of SOCIETE IMMOBILIERE DE PI... (-0.90) 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 2732.11. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2018) ?
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

2732.11

Interest coverage (2018) ?
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 IMMOBILIERE DE PIQUEY NORD

Sector positioning

Liquidity ratio
2732.11 2018
2016
2017
2018
Q1: 74.11
Med: 236.58
Q3: 909.6
Excellent +21 pts over 3 years

In 2018, the liquidity ratio of SOCIETE IMMOBILIERE DE PI... (2732.11) 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.

Interest coverage
0.0x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.03x
Q3: 14.62x
Average -50 pts over 3 years

In 2018, the interest coverage of SOCIETE IMMOBILIERE DE PI... (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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 157 days. Excellent situation: suppliers finance 157 days of the operating cycle (retail model). Inventory turnover is 340 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 18548 days of revenue, i.e. 712 k€ to permanently finance. Over 2016-2018, WCR increased by +3853%, requiring additional financing.

Operating WCR (2018) ?
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

711 511 €

Customer credit (2018) ?
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 (2018) ?
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

157 j

Inventory turnover (2018) ?
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

340 j

WCR in days of revenue (2018) ?
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

18548 j

WCR and payment terms evolution
SOCIETE IMMOBILIERE DE PIQUEY NORD

Positioning of SOCIETE IMMOBILIERE DE PIQUEY NORD in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 184 transactions of similar company sales in 2018, the value of SOCIETE IMMOBILIERE DE PIQUEY NORD is estimated at 1 036 642 € (range 353 666€ - 1 984 073€). The price/revenue ratio is 0.55x (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 2018
184 transactions
353k€ 1036k€ 1984k€
1 036 642 € Range: 353 666€ - 1 984 073€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
13 810 € × 0.55x
Estimation 7 648 €
3 604€ - 24 669€
Net Income Multiple 20%
466 807 € × 5.5x
Estimation 2 580 134 €
878 760€ - 4 923 180€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 184 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 terrains et d'autres biens immobiliers)

Compare SOCIETE IMMOBILIERE DE PIQUEY NORD with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about SOCIETE IMMOBILIERE DE PIQUEY NORD

What is the revenue of SOCIETE IMMOBILIERE DE PIQUEY NORD ?

The revenue of SOCIETE IMMOBILIERE DE PIQUEY NORD in 2018 is 14 k€.

Is SOCIETE IMMOBILIERE DE PIQUEY NORD profitable?

Yes, SOCIETE IMMOBILIERE DE PIQUEY NORD generated a net profit of 467 k€ in 2018.

Where is the headquarters of SOCIETE IMMOBILIERE DE PIQUEY NORD ?

The headquarters of SOCIETE IMMOBILIERE DE PIQUEY NORD is located in LA TESTE-DE-BUCH (33115), in the department Gironde.

Where to find the tax return of SOCIETE IMMOBILIERE DE PIQUEY NORD ?

The tax return of SOCIETE IMMOBILIERE DE PIQUEY NORD 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 PIQUEY NORD operate?

SOCIETE IMMOBILIERE DE PIQUEY NORD operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.