SOCIETE PNEUMATIQUE BANDAG DE LA REUNION : revenue, balance sheet and financial ratios

SOCIETE PNEUMATIQUE BANDAG DE LA REUNION is a French company founded 52 years ago, specialized in the sector Fabrication et rechapage de pneumatiques. Based in SAINT-PIERRE (97410), this company of category PME shows in 2023 a revenue of 1.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - SOCIETE PNEUMATIQUE BANDAG DE LA REUNION (SIREN 309648939)
Indicator 2023 2022 2021 2019 2018 2017 2016
Revenue 1 020 844 € N/C N/C 1 186 757 € 1 184 383 € 1 102 269 € 1 121 630 €
Net income -114 585 € 19 241 € 10 631 € 35 932 € 54 238 € 40 287 € 931 €
EBITDA -118 277 € N/C N/C 75 471 € 40 865 € 33 338 € 30 659 €
Net margin -11.2% N/C N/C 3.0% 4.6% 3.7% 0.1%

Revenue and income statement

In 2023, SOCIETE PNEUMATIQUE BANDAG DE LA REUNION achieves revenue of 1.0 M€. Activity remains stable over the period (CAGR: -1.3%). After deducting consumption (567 k€), gross margin stands at 454 k€, i.e. a rate of 44%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -118 k€, representing -11.6% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -115 k€ (-11.2% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 020 844 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

453 831 €

EBITDA (2023) ?
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

-118 277 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-157 006 €

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

-114 585 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-11.5%

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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 80%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 48%. 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

79.967%

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

47.895%

Cash flow / Revenue (2023) ?
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

-12.868%

Repayment capacity (2023) ?
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

-4.621

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

49.0%

Solvency indicators evolution
SOCIETE PNEUMATIQUE BANDAG DE LA REUNION

Sector positioning

Debt ratio
79.97 2023
2021
2022
2023
Q1: 7.0
Med: 30.55
Q3: 57.2
Watch +22 pts over 3 years

In 2023, the debt ratio of SOCIETE PNEUMATIQUE BANDA... (79.97) 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
47.9% 2023
2021
2022
2023
Q1: 47.43%
Med: 57.34%
Q3: 60.62%
Average -26 pts over 3 years

In 2023, the financial autonomy of SOCIETE PNEUMATIQUE BANDA... (47.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-4.62 years 2023
2023
Q1: 0.0 years
Med: 0.33 years
Q3: 3.12 years
Excellent

In 2023, the repayment capacity of SOCIETE PNEUMATIQUE BANDA... (-4.62) 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 511.21. 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

511.211

Interest coverage (2023) ?
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

-1.663

Liquidity indicators evolution
SOCIETE PNEUMATIQUE BANDAG DE LA REUNION

Sector positioning

Liquidity ratio
511.21 2023
2021
2022
2023
Q1: 159.55
Med: 228.25
Q3: 280.68
Excellent

In 2023, the liquidity ratio of SOCIETE PNEUMATIQUE BANDA... (511.21) 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
-1.66x 2023
2023
Q1: 0.02x
Med: 2.23x
Q3: 7.09x
Watch

In 2023, the interest coverage of SOCIETE PNEUMATIQUE BANDA... (-1.7x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 107 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. The gap of 43 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 133 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 243 days of revenue, i.e. 690 k€ to permanently finance.

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

690 458 €

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

107 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

64 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

133 j

WCR in days of revenue (2023) ?
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

243 j

WCR and payment terms evolution
SOCIETE PNEUMATIQUE BANDAG DE LA REUNION

Positioning of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION in its sector

Comparison with sector Fabrication et rechapage de pneumatiques

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION is estimated at 209 680 € (range 99 710€ - 285 129€). The price/revenue ratio is 0.21x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2023
80 tx
99k€ 209k€ 285k€
209 680 € Range: 99 710€ - 285 129€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
1 020 844 € × 0.21x = 209 681 €
Range: 99 710€ - 285 130€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 80 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 et rechapage de pneumatiques)

Compare SOCIETE PNEUMATIQUE BANDAG DE LA REUNION with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication et rechapage de pneumatiques

Frequently asked questions about SOCIETE PNEUMATIQUE BANDAG DE LA REUNION

What is the revenue of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION ?

The revenue of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION in 2023 is 1.0 M€.

Is SOCIETE PNEUMATIQUE BANDAG DE LA REUNION profitable?

SOCIETE PNEUMATIQUE BANDAG DE LA REUNION recorded a net loss in 2023.

Where is the headquarters of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION ?

The headquarters of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION is located in SAINT-PIERRE (97410), in the department La Reunion.

Where to find the tax return of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION ?

The tax return of SOCIETE PNEUMATIQUE BANDAG DE LA REUNION 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 PNEUMATIQUE BANDAG DE LA REUNION operate?

SOCIETE PNEUMATIQUE BANDAG DE LA REUNION operates in the sector Fabrication et rechapage de pneumatiques (NAF code 22.11Z). See the 'Sector positioning' section above to compare the company with its competitors.