HARAS DE LIVERDY : revenue, balance sheet and financial ratios

In 2025, HARAS DE LIVERDY achieves revenue of 421 k€. Activity remains stable over the period (CAGR: -1.1%). Slight decline of -5% vs 2024. After deducting consumption (32 k€), gross margin stands at 389 k€, i.e. a rate of 92%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 43 k€, representing 10.1% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -64%, reducing margin by 16.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -72 k€ (-17.0% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 200%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 10.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 24.26. 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 9.6x. Operating income very largely covers interest expenses: high safety margin.

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: 30 days. Favorable situation: supplier credit is longer than customer credit by 30 days. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-41 days): operations structurally generate cash. Notable WCR improvement over the period (-127%), freeing up cash.

Indicative estimate only : the number of comparable transactions in this sector is limited (39 transactions). This range of 103 296€ to 405 804€ is provided for information purposes only and requires in-depth analysis to be confirmed.