SPIE BATIGNOLLES GENIE CIVIL : revenue, balance sheet and financial ratios

SPIE BATIGNOLLES GENIE CIVIL is a French company founded 26 years ago, specialized in the sector Construction et entretien de tunnels. Based in NANTERRE (92000), this company of category GE shows in 2024 a revenue of 266.1 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 - SPIE BATIGNOLLES GENIE CIVIL (SIREN 428637987)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 266 065 757 € 220 291 108 € 238 299 097 € 234 082 844 € 168 190 120 € 169 450 322 € 186 725 185 € 198 422 142 € 167 392 566 €
Net income 9 409 556 € 373 641 € -7 158 744 € 3 723 566 € 2 401 875 € 735 422 € 1 630 362 € 2 142 354 € -252 286 €
EBITDA 125 377 € -4 047 206 € 432 635 € -1 762 898 € -3 179 594 € 2 184 295 € 21 738 594 € 11 007 161 € -557 862 €
Net margin 3.5% 0.2% -3.0% 1.6% 1.4% 0.4% 0.9% 1.1% -0.2%

Revenue and income statement

In 2024, SPIE BATIGNOLLES GENIE CIVIL achieves revenue of 266.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.0%. Vs 2023, growth of +21% (220.3 M€ -> 266.1 M€). After deducting consumption (-34 k€), gross margin stands at 266.1 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 125 k€, representing 0.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 9.4 M€, i.e. 3.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

266 065 757 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

266 099 887 €

EBITDA (2024) ?
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

125 377 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-307 384 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

9 409 556 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.0%

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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 1%. 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 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.682%

Financial autonomy (2024) ?
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

4.651%

Cash flow / Revenue (2024) ?
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

3.017%

Repayment capacity (2024) ?
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

0.02

Asset age ratio (2024) ?
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

88.8%

Solvency indicators evolution
SPIE BATIGNOLLES GENIE CIVIL

Sector positioning

Debt ratio
0.68 2024
2022
2023
2024
Q1: 0.0
Med: 0.0
Q3: 1.9
Average +7 pts over 3 years

In 2024, the debt ratio of SPIE BATIGNOLLES GENIE CIVIL (0.68) 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
4.65% 2024
2022
2023
2024
Q1: 4.02%
Med: 15.1%
Q3: 30.6%
Average -23 pts over 3 years

In 2024, the financial autonomy of SPIE BATIGNOLLES GENIE CIVIL (4.7%) 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
0.02 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.02 years
Average +10 pts over 3 years

In 2024, the repayment capacity of SPIE BATIGNOLLES GENIE CIVIL (0.02) 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 115.81. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 662.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

115.812

Interest coverage (2024) ?
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

662.161

Liquidity indicators evolution
SPIE BATIGNOLLES GENIE CIVIL

Sector positioning

Liquidity ratio
115.81 2024
2022
2023
2024
Q1: 116.42
Med: 152.93
Q3: 307.36
Watch -23 pts over 3 years

In 2024, the liquidity ratio of SPIE BATIGNOLLES GENIE CIVIL (115.81) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
662.16x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.56x
Q3: 9.98x
Excellent +19 pts over 3 years

In 2024, the interest coverage of SPIE BATIGNOLLES GENIE CIVIL (662.2x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 92 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 110 days. Favorable situation: supplier credit is longer than customer credit by 18 days. WCR is negative (-221 days): operations structurally generate cash. Notable WCR improvement over the period (-499%), freeing up cash.

Operating WCR (2024) ?
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

-163 021 150 €

Customer credit (2024) ?
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

92 j

Supplier credit (2024) ?
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

110 j

Inventory turnover (2024) ?
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 (2024) ?
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

-221 j

WCR and payment terms evolution
SPIE BATIGNOLLES GENIE CIVIL

Positioning of SPIE BATIGNOLLES GENIE CIVIL in its sector

Comparison with sector Construction et entretien de tunnels

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of SPIE BATIGNOLLES GENIE CIVIL is estimated at 11 846 841 € (range 7 990 451€ - 24 240 176€). With an EBITDA of 125 377€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.13x (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 2024
76 tx
7990k€ 11846k€ 24240k€
11 846 841 € Range: 7 990 451€ - 24 240 176€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
125 377 € × 0.6x
Estimation 75 394 €
35 618€ - 331 797€
Revenue Multiple 30%
266 065 757 € × 0.13x
Estimation 35 882 574 €
25 566 073€ - 65 997 034€
Net Income Multiple 20%
9 409 556 € × 0.6x
Estimation 5 221 863 €
1 514 102€ - 21 375 840€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Construction et entretien de tunnels)

Compare SPIE BATIGNOLLES GENIE CIVIL with other companies in the same sector:

Voir toutes les statistiques du secteur Construction et entretien de tunnels

Frequently asked questions about SPIE BATIGNOLLES GENIE CIVIL

What is the revenue of SPIE BATIGNOLLES GENIE CIVIL ?

The revenue of SPIE BATIGNOLLES GENIE CIVIL in 2024 is 266.1 M€.

Is SPIE BATIGNOLLES GENIE CIVIL profitable?

Yes, SPIE BATIGNOLLES GENIE CIVIL generated a net profit of 9.4 M€ in 2024.

Where is the headquarters of SPIE BATIGNOLLES GENIE CIVIL ?

The headquarters of SPIE BATIGNOLLES GENIE CIVIL is located in NANTERRE (92000), in the department Hauts-de-Seine.

Where to find the tax return of SPIE BATIGNOLLES GENIE CIVIL ?

The tax return of SPIE BATIGNOLLES GENIE CIVIL 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 SPIE BATIGNOLLES GENIE CIVIL operate?

SPIE BATIGNOLLES GENIE CIVIL operates in the sector Construction et entretien de tunnels (NAF code 42.13B). See the 'Sector positioning' section above to compare the company with its competitors.