SPIE BATIGNOLLES GRAND OUEST : revenue, balance sheet and financial ratios

SPIE BATIGNOLLES GRAND OUEST is a French company founded 23 years ago, specialized in the sector Construction d'autres bâtiments. Based in ORVAULT (44700), this company of category GE shows in 2024 a revenue of 70.8 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 GRAND OUEST (SIREN 444617690)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 70 835 054 € 76 499 416 € 63 976 695 € 57 302 491 € 43 958 671 € 41 810 496 € 44 631 860 € 51 884 048 € 58 911 557 €
Net income 1 730 632 € 2 214 582 € 1 949 181 € 757 713 € -1 117 349 € -2 515 685 € -1 087 248 € 559 402 € -243 220 €
EBITDA 2 100 944 € 2 806 271 € 2 438 399 € 1 006 992 € -1 910 742 € -2 671 515 € -2 559 283 € -1 152 666 € -1 185 679 €
Net margin 2.4% 2.9% 3.0% 1.3% -2.5% -6.0% -2.4% 1.1% -0.4%

Revenue and income statement

In 2024, SPIE BATIGNOLLES GRAND OUEST achieves revenue of 70.8 M€. Revenue is growing positively over 9 years (CAGR: +2.3%). Slight decline of -7% vs 2023. After deducting consumption (0 €), gross margin stands at 70.8 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 2.1 M€, representing 3.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.7 M€, i.e. 2.4% 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

70 835 054 €

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

70 835 054 €

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

2 100 944 €

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

1 686 081 €

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

1 730 632 €

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

3.0%

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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 0%. 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 17%. 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 2.2% 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

0.135%

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

16.669%

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

2.206%

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

0.007

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

35.7%

Solvency indicators evolution
SPIE BATIGNOLLES GRAND OUEST

Sector positioning

Debt ratio
0.14 2024
2022
2023
2024
Q1: 0.03
Med: 12.73
Q3: 55.62
Good

In 2024, the debt ratio of SPIE BATIGNOLLES GRAND OUEST (0.14) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
16.67% 2024
2022
2023
2024
Q1: 6.61%
Med: 24.84%
Q3: 47.54%
Average +8 pts over 3 years

In 2024, the financial autonomy of SPIE BATIGNOLLES GRAND OUEST (16.7%) 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
0.01 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.01 years
Q3: 1.09 years
Good +22 pts over 3 years

In 2024, the repayment capacity of SPIE BATIGNOLLES GRAND OUEST (0.01) 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 104.48. 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 22.0x. 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

104.477

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

22.004

Liquidity indicators evolution
SPIE BATIGNOLLES GRAND OUEST

Sector positioning

Liquidity ratio
104.48 2024
2022
2023
2024
Q1: 127.57
Med: 179.6
Q3: 283.39
Watch

In 2024, the liquidity ratio of SPIE BATIGNOLLES GRAND OUEST (104.48) 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
22.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.65x
Excellent

In 2024, the interest coverage of SPIE BATIGNOLLES GRAND OUEST (22.0x) 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: 67 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 108 days. Excellent situation: suppliers finance 41 days of the operating cycle (retail model). Overall, WCR represents 20 days of revenue, i.e. 4.0 M€ to permanently finance. Notable WCR improvement over the period (-64%), 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

3 973 138 €

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

67 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

108 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

20 j

WCR and payment terms evolution
SPIE BATIGNOLLES GRAND OUEST

Positioning of SPIE BATIGNOLLES GRAND OUEST in its sector

Comparison with sector Construction d'autres bâtiments

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of SPIE BATIGNOLLES GRAND OUEST is estimated at 7 029 881 € (range 3 362 796€ - 17 238 986€). With an EBITDA of 2 100 944€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.11x (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.

Estimated enterprise value 2024
113 transactions
3362k€ 7029k€ 17238k€
7 029 881 € Range: 3 362 796€ - 17 238 986€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 100 944 € × 3.6x
Estimation 7 664 740 €
2 888 442€ - 10 600 366€
Revenue Multiple 30%
70 835 054 € × 0.11x
Estimation 7 794 425 €
5 424 357€ - 30 560 540€
Net Income Multiple 20%
1 730 632 € × 2.5x
Estimation 4 295 921 €
1 456 343€ - 13 853 206€
How is this estimate calculated?

This estimate is based on the analysis of 113 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 d'autres bâtiments)

Compare SPIE BATIGNOLLES GRAND OUEST with other companies in the same sector:

Voir toutes les statistiques du secteur Construction d'autres bâtiments

Frequently asked questions about SPIE BATIGNOLLES GRAND OUEST

What is the revenue of SPIE BATIGNOLLES GRAND OUEST ?

The revenue of SPIE BATIGNOLLES GRAND OUEST in 2024 is 70.8 M€.

Is SPIE BATIGNOLLES GRAND OUEST profitable?

Yes, SPIE BATIGNOLLES GRAND OUEST generated a net profit of 1.7 M€ in 2024.

Where is the headquarters of SPIE BATIGNOLLES GRAND OUEST ?

The headquarters of SPIE BATIGNOLLES GRAND OUEST is located in ORVAULT (44700), in the department Loire-Atlantique.

Where to find the tax return of SPIE BATIGNOLLES GRAND OUEST ?

The tax return of SPIE BATIGNOLLES GRAND OUEST 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 GRAND OUEST operate?

SPIE BATIGNOLLES GRAND OUEST operates in the sector Construction d'autres bâtiments (NAF code 41.20B). See the 'Sector positioning' section above to compare the company with its competitors.