ADOUR GOUDRONNAGE : revenue, balance sheet and financial ratios

ADOUR GOUDRONNAGE is a French company founded 10 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in SAINT-AVIT (40090), this company of category PME shows in 2021 a revenue of 409 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 - ADOUR GOUDRONNAGE (SIREN 814646543)
Indicator 2021 2020 2019 2018 2017
Revenue 408 632 € 845 958 € 1 238 821 € 1 244 562 € 1 013 584 €
Net income -212 360 € -239 690 € 62 737 € 5 245 € 18 019 €
EBITDA -163 941 € -203 917 € 89 961 € 37 548 € 44 936 €
Net margin -52.0% -28.3% 5.1% 0.4% 1.8%

Revenue and income statement

In 2021, ADOUR GOUDRONNAGE achieves revenue of 409 k€. Revenue is declining over the period 2017-2021 (CAGR: -20.3%). Significant drop of -52% vs 2020. After deducting consumption (54 k€), gross margin stands at 354 k€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -164 k€, representing -40.1% of revenue. Warning negative scissor effect: despite revenue change (-52%), EBITDA varies by +20%, reducing margin by 16.0 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -212 k€ (-52.0% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

408 632 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

354 404 €

EBITDA (2021) ?
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

-163 941 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-210 849 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-212 360 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-40.1%

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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 -116%. 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 -60%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-115.97%

Financial autonomy (2021) ?
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

-59.589%

Cash flow / Revenue (2021) ?
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

-50.044%

Repayment capacity (2021) ?
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

-1.729

Asset age ratio (2021) ?
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

26.0%

Solvency indicators evolution
ADOUR GOUDRONNAGE

Sector positioning

Debt ratio
-115.97 2021
2019
2020
2021
Q1: 9.7
Med: 46.33
Q3: 119.94
Excellent -19 pts over 3 years

In 2021, the debt ratio of ADOUR GOUDRONNAGE (-115.97) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-59.59% 2021
2019
2020
2021
Q1: 18.84%
Med: 36.58%
Q3: 54.16%
Watch -18 pts over 3 years

In 2021, the financial autonomy of ADOUR GOUDRONNAGE (-59.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-1.73 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.78 years
Q3: 2.72 years
Excellent -19 pts over 3 years

In 2021, the repayment capacity of ADOUR GOUDRONNAGE (-1.73) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 91.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

91.77

Interest coverage (2021) ?
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

-0.944

Liquidity indicators evolution
ADOUR GOUDRONNAGE

Sector positioning

Liquidity ratio
91.77 2021
2019
2020
2021
Q1: 141.4
Med: 199.56
Q3: 294.75
Watch +22 pts over 3 years

In 2021, the liquidity ratio of ADOUR GOUDRONNAGE (91.77) 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
-0.94x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.66x
Q3: 2.67x
Average -26 pts over 3 years

In 2021, the interest coverage of ADOUR GOUDRONNAGE (-0.9x) 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: 191 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 241 days. Excellent situation: suppliers finance 50 days of the operating cycle (retail model). Overall, WCR represents 273 days of revenue, i.e. 310 k€ to permanently finance. Over 2017-2021, WCR increased by +690%, requiring additional financing.

Operating WCR (2021) ?
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

310 197 €

Customer credit (2021) ?
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

191 j

Supplier credit (2021) ?
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

241 j

Inventory turnover (2021) ?
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 (2021) ?
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

273 j

WCR and payment terms evolution
ADOUR GOUDRONNAGE

Positioning of ADOUR GOUDRONNAGE in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Based on 120 transactions of similar company sales (all years), the value of ADOUR GOUDRONNAGE is estimated at 91 758 € (range 49 355€ - 198 702€). The price/revenue ratio is 0.22x (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 2021
120 transactions
49k€ 91k€ 198k€
91 758 € Range: 49 355€ - 198 702€
NAF 5 all-time

Valuation method used

Revenue Multiple
408 632 € × 0.22x = 91 759 €
Range: 49 356€ - 198 702€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 120 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 terrassement courants et travaux préparatoires)

Compare ADOUR GOUDRONNAGE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about ADOUR GOUDRONNAGE

What is the revenue of ADOUR GOUDRONNAGE ?

The revenue of ADOUR GOUDRONNAGE in 2021 is 409 k€.

Is ADOUR GOUDRONNAGE profitable?

ADOUR GOUDRONNAGE recorded a net loss in 2021.

Where is the headquarters of ADOUR GOUDRONNAGE ?

The headquarters of ADOUR GOUDRONNAGE is located in SAINT-AVIT (40090), in the department Landes.

Where to find the tax return of ADOUR GOUDRONNAGE ?

The tax return of ADOUR GOUDRONNAGE 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 ADOUR GOUDRONNAGE operate?

ADOUR GOUDRONNAGE operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.