TINEL COUVERTURE ET NEGOCE : revenue, balance sheet and financial ratios

TINEL COUVERTURE ET NEGOCE is a French company founded 12 years ago, specialized in the sector Travaux de couverture par éléments. Based in CANS ET CEVENNES (48400), this company of category PME shows in 2023 a revenue of 572 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 - TINEL COUVERTURE ET NEGOCE (SIREN 799589544)
Indicator 2023 2022 2021 2020
Revenue 572 095 € 527 814 € 459 692 € N/C
Net income 12 675 € 9 682 € 18 903 € 57 637 €
EBITDA 40 325 € 42 490 € 51 256 € N/C
Net margin 2.2% 1.8% 4.1% N/C

Revenue and income statement

In 2023, TINEL COUVERTURE ET NEGOCE achieves revenue of 572 k€. Over the period 2021-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +11.6%. Vs 2022: +8%. After deducting consumption (214 k€), gross margin stands at 358 k€, i.e. a rate of 63%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 40 k€, representing 7.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 13 k€, i.e. 2.2% of revenue. This profit can be retained or distributed to shareholders.

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

572 095 €

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

358 326 €

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

40 325 €

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

15 986 €

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

12 675 €

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

7.0%

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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 54%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

53.936%

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

43.245%

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

5.721%

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

2.256

Solvency indicators evolution
TINEL COUVERTURE ET NEGOCE

Sector positioning

Debt ratio
53.94 2023
2021
2022
2023
Q1: 5.03
Med: 25.02
Q3: 60.82
Average +10 pts over 3 years

In 2023, the debt ratio of TINEL COUVERTURE ET NEGOCE (53.94) 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
43.24% 2023
2021
2022
2023
Q1: 18.6%
Med: 38.44%
Q3: 57.01%
Good -8 pts over 3 years

In 2023, the financial autonomy of TINEL COUVERTURE ET NEGOCE (43.2%) 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
2.26 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.43 years
Q3: 1.39 years
Watch

In 2023, the repayment capacity of TINEL COUVERTURE ET NEGOCE (2.26) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 4.9x. Financial charges are adequately covered by operations.

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

0.0

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

4.918

Liquidity indicators evolution
TINEL COUVERTURE ET NEGOCE

Sector positioning

Liquidity ratio
0.0 2023
2021
2022
2023
Q1: 150.29
Med: 212.77
Q3: 303.0
Watch

In 2023, the liquidity ratio of TINEL COUVERTURE ET NEGOCE (0.00) 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
4.92x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.68x
Q3: 2.49x
Excellent

In 2023, the interest coverage of TINEL COUVERTURE ET NEGOCE (4.9x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 90 days. Excellent situation: suppliers finance 90 days of the operating cycle (retail model). WCR is negative (-34 days): operations structurally generate cash.

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

-54 469 €

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

0 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

90 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

0 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

-34 j

WCR and payment terms evolution
TINEL COUVERTURE ET NEGOCE

Positioning of TINEL COUVERTURE ET NEGOCE in its sector

Comparison with sector Travaux de couverture par éléments

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of TINEL COUVERTURE ET NEGOCE is estimated at 78 817 € (range 39 501€ - 128 498€). With an EBITDA of 40 325€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (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 2023
113 transactions
39k€ 78k€ 128k€
78 817 € Range: 39 501€ - 128 498€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
40 325 € × 2.2x
Estimation 90 718 €
37 444€ - 145 556€
Revenue Multiple 30%
572 095 € × 0.16x
Estimation 88 728 €
57 690€ - 145 217€
Net Income Multiple 20%
12 675 € × 2.7x
Estimation 34 202 €
17 361€ - 60 779€

Valuation evolution

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 (Travaux de couverture par éléments)

Compare TINEL COUVERTURE ET NEGOCE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de couverture par éléments

Frequently asked questions about TINEL COUVERTURE ET NEGOCE

What is the revenue of TINEL COUVERTURE ET NEGOCE ?

The revenue of TINEL COUVERTURE ET NEGOCE in 2023 is 572 k€.

Is TINEL COUVERTURE ET NEGOCE profitable?

Yes, TINEL COUVERTURE ET NEGOCE generated a net profit of 13 k€ in 2023.

Where is the headquarters of TINEL COUVERTURE ET NEGOCE ?

The headquarters of TINEL COUVERTURE ET NEGOCE is located in CANS ET CEVENNES (48400), in the department Lozere.

Where to find the tax return of TINEL COUVERTURE ET NEGOCE ?

The tax return of TINEL COUVERTURE ET NEGOCE 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 TINEL COUVERTURE ET NEGOCE operate?

TINEL COUVERTURE ET NEGOCE operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.