VANDENBUSSCHE ET ASSOCIES : revenue, balance sheet and financial ratios

VANDENBUSSCHE ET ASSOCIES is a French company founded 29 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in TOURCOING (59200), this company of category PME shows in 2017 a revenue of 177 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - VANDENBUSSCHE ET ASSOCIES (SIREN 409777349)
Indicator 2017 2016 2015 2014
Revenue 176 718 € 165 083 € 175 043 € 178 176 €
Net income 13 859 € 11 971 € 16 523 € 21 702 €
EBITDA 19 213 € 6 826 € 15 920 € 25 264 €
Net margin 7.8% 7.3% 9.4% 12.2%

Revenue and income statement

In 2017, VANDENBUSSCHE ET ASSOCIES achieves revenue of 177 k€. Activity remains stable over the period (CAGR: -0.3%). Vs 2016: +7%. After deducting consumption (0 €), gross margin stands at 177 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 19 k€, representing 10.9% of revenue. Positive scissor effect: EBITDA margin improves by +6.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 14 k€, i.e. 7.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2017) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

176 718 €

Gross margin (2017) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

176 718 €

EBITDA (2017) ?
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

19 213 €

EBIT (2017) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

15 532 €

Net income (2017) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

13 859 €

EBITDA margin (2017) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

10.8%

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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 62%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 58%. 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 4.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 9.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2017) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

61.524%

Financial autonomy (2017) ?
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

58.262%

Cash flow / Revenue (2017) ?
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

9.816%

Repayment capacity (2017) ?
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

4.51

Asset age ratio (2017) ?
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

34.5%

Solvency indicators evolution
VANDENBUSSCHE ET ASSOCIES

Sector positioning

Debt ratio
61.52 2017
2015
2016
2017
Q1: 0.0
Med: 3.89
Q3: 40.25
Average

In 2017, the debt ratio of VANDENBUSSCHE ET ASSOCIES (61.52) 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
58.26% 2017
2015
2016
2017
Q1: 5.57%
Med: 38.44%
Q3: 72.17%
Good

In 2017, the financial autonomy of VANDENBUSSCHE ET ASSOCIES (58.3%) 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
4.51 years 2017
2015
2016
2017
Q1: 0.0 years
Med: 0.0 years
Q3: 0.58 years
Average

In 2017, the repayment capacity of VANDENBUSSCHE ET ASSOCIES (4.51) 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 1569.33. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2017) ?
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

1569.328

Interest coverage (2017) ?
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
VANDENBUSSCHE ET ASSOCIES

Sector positioning

Liquidity ratio
1569.33 2017
2015
2016
2017
Q1: 133.72
Med: 257.0
Q3: 604.59
Excellent

In 2017, the liquidity ratio of VANDENBUSSCHE ET ASSOCIES (1569.33) 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 2017
2015
2016
2017
Q1: 0.0x
Med: 0.0x
Q3: 0.26x
Average

In 2017, the interest coverage of VANDENBUSSCHE ET ASSOCIES (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: 11 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. Favorable situation: supplier credit is longer than customer credit by 17 days. WCR is negative (-2 days): operations structurally generate cash. Notable WCR improvement over the period (-118%), freeing up cash.

Operating WCR (2017) ?
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

-1 122 €

Customer credit (2017) ?
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

11 j

Supplier credit (2017) ?
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

28 j

Inventory turnover (2017) ?
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 (2017) ?
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

-2 j

WCR and payment terms evolution
VANDENBUSSCHE ET ASSOCIES

Positioning of VANDENBUSSCHE ET ASSOCIES in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 63 transactions of similar company sales in 2017, the value of VANDENBUSSCHE ET ASSOCIES is estimated at 89 470 € (range 38 401€ - 147 365€). With an EBITDA of 19 213€, the sector multiple of 5.1x is applied. The price/revenue ratio is 0.50x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2017
63 tx
38k€ 89k€ 147k€
89 470 € Range: 38 401€ - 147 365€
NAF 5 année 2017

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
19 213 € × 5.1x
Estimation 97 667 €
49 456€ - 145 227€
Revenue Multiple 30%
176 718 € × 0.50x
Estimation 89 221 €
30 861€ - 150 487€
Net Income Multiple 20%
13 859 € × 5.0x
Estimation 69 356 €
22 074€ - 148 029€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Conseil pour les affaires et autres conseils de gestion)

Compare VANDENBUSSCHE ET ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about VANDENBUSSCHE ET ASSOCIES

What is the revenue of VANDENBUSSCHE ET ASSOCIES ?

The revenue of VANDENBUSSCHE ET ASSOCIES in 2017 is 177 k€.

Is VANDENBUSSCHE ET ASSOCIES profitable?

Yes, VANDENBUSSCHE ET ASSOCIES generated a net profit of 14 k€ in 2017.

Where is the headquarters of VANDENBUSSCHE ET ASSOCIES ?

The headquarters of VANDENBUSSCHE ET ASSOCIES is located in TOURCOING (59200), in the department Nord.

Where to find the tax return of VANDENBUSSCHE ET ASSOCIES ?

The tax return of VANDENBUSSCHE ET ASSOCIES 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 VANDENBUSSCHE ET ASSOCIES operate?

VANDENBUSSCHE ET ASSOCIES operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.