AKWEL VANNES FRANCE : revenue, balance sheet and financial ratios

AKWEL VANNES FRANCE is a French company founded 48 years ago, specialized in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques. Based in VANNES (56000), this company of category ETI shows in 2024 a revenue of 28.4 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 - AKWEL VANNES FRANCE (SIREN 312786338)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 28 445 889 € 26 024 952 € 24 016 678 € 25 870 561 € 31 791 452 € 40 620 399 € 43 531 420 € 37 606 748 €
Net income 1 911 499 € 1 709 619 € 1 275 841 € 334 987 € -840 693 € 1 050 606 € 3 000 636 € 2 431 552 €
EBITDA 3 057 210 € 2 806 117 € 2 702 381 € 1 438 472 € 593 197 € 2 282 676 € 4 603 023 € 3 271 760 €
Net margin 6.7% 6.6% 5.3% 1.3% -2.6% 2.6% 6.9% 6.5%

Revenue and income statement

In 2024, AKWEL VANNES FRANCE achieves revenue of 28.4 M€. Activity remains stable over the period (CAGR: -3.4%). Vs 2023: +9%. After deducting consumption (11.1 M€), gross margin stands at 17.3 M€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.1 M€, representing 10.7% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.9 M€, i.e. 6.7% 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

28 445 889 €

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

17 318 566 €

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

3 057 210 €

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

2 120 177 €

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

1 911 499 €

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

10.7%

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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 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

39.279%

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

51.313%

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

9.323%

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

1.096

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

19.4%

Solvency indicators evolution
AKWEL VANNES FRANCE

Sector positioning

Debt ratio
39.28 2024
2021
2023
2024
Q1: 0.73
Med: 15.01
Q3: 54.26
Average -10 pts over 3 years

In 2024, the debt ratio of AKWEL VANNES FRANCE (39.28) 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
51.31% 2024
2021
2023
2024
Q1: 36.22%
Med: 56.58%
Q3: 72.34%
Average +18 pts over 3 years

In 2024, the financial autonomy of AKWEL VANNES FRANCE (51.3%) 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
1.1 years 2024
2021
2023
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 1.35 years
Average -6 pts over 3 years

In 2024, the repayment capacity of AKWEL VANNES FRANCE (1.10) 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 244.08. 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 3.0x. Financial charges are adequately covered by operations.

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

244.083

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

2.958

Liquidity indicators evolution
AKWEL VANNES FRANCE

Sector positioning

Liquidity ratio
244.08 2024
2021
2023
2024
Q1: 161.7
Med: 262.65
Q3: 376.36
Average -22 pts over 3 years

In 2024, the liquidity ratio of AKWEL VANNES FRANCE (244.08) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
2.96x 2024
2021
2023
2024
Q1: 0.04x
Med: 2.6x
Q3: 12.16x
Good -8 pts over 3 years

In 2024, the interest coverage of AKWEL VANNES FRANCE (3.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 46 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 52 days. Favorable situation: supplier credit is longer than customer credit by 6 days. Inventory turnover is 49 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 71 days of revenue, i.e. 5.6 M€ to permanently finance. Notable WCR improvement over the period (-42%), 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

5 588 479 €

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

46 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

52 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

49 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

71 j

WCR and payment terms evolution
AKWEL VANNES FRANCE

Positioning of AKWEL VANNES FRANCE in its sector

Comparison with sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of AKWEL VANNES FRANCE is estimated at 4 329 180 € (range 1 805 789€ - 9 218 275€). With an EBITDA of 3 057 210€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
76 tx
1805k€ 4329k€ 9218k€
4 329 180 € Range: 1 805 789€ - 9 218 275€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 057 210 € × 1.3x
Estimation 3 860 869 €
1 540 041€ - 8 571 991€
Revenue Multiple 30%
28 445 889 € × 0.20x
Estimation 5 787 232 €
2 766 581€ - 7 788 191€
Net Income Multiple 20%
1 911 499 € × 1.7x
Estimation 3 312 881 €
1 028 971€ - 12 979 115€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication de plaques, feuilles, tubes et profilés en matières plastiques)

Compare AKWEL VANNES FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Frequently asked questions about AKWEL VANNES FRANCE

What is the revenue of AKWEL VANNES FRANCE ?

The revenue of AKWEL VANNES FRANCE in 2024 is 28.4 M€.

Is AKWEL VANNES FRANCE profitable?

Yes, AKWEL VANNES FRANCE generated a net profit of 1.9 M€ in 2024.

Where is the headquarters of AKWEL VANNES FRANCE ?

The headquarters of AKWEL VANNES FRANCE is located in VANNES (56000), in the department Morbihan.

Where to find the tax return of AKWEL VANNES FRANCE ?

The tax return of AKWEL VANNES FRANCE 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 AKWEL VANNES FRANCE operate?

AKWEL VANNES FRANCE operates in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques (NAF code 22.21Z). See the 'Sector positioning' section above to compare the company with its competitors.