ATELIERS DE CORNOUAILLE (A.D.C.) : revenue, balance sheet and financial ratios

ATELIERS DE CORNOUAILLE (A.D.C.) is a French company founded 32 years ago, specialized in the sector Restauration collective sous contrat. Based in DOUARNENEZ (29100), this company of category PME shows in 2022 a revenue of 1.6 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 - ATELIERS DE CORNOUAILLE (A.D.C.) (SIREN 391848538)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 1 604 048 € 1 467 050 € 1 315 070 € 1 498 376 € 1 468 714 € 1 395 367 € N/C
Net income 8 620 € -120 231 € -88 908 € 15 812 € 15 973 € 22 470 € 41 185 €
EBITDA 128 739 € 22 580 € 40 437 € -472 693 € -140 347 € -400 206 € -1 093 902 €
Net margin 0.5% -8.2% -6.8% 1.1% 1.1% 1.6% N/C

Revenue and income statement

In 2022, ATELIERS DE CORNOUAILLE (A.D.C.) achieves revenue of 1.6 M€. Revenue is growing positively over 7 years (CAGR: +2.8%). Vs 2021: +9%. After deducting consumption (601 k€), gross margin stands at 1.0 M€, i.e. a rate of 63%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 129 k€, representing 8.0% of revenue. Positive scissor effect: EBITDA margin improves by +6.5 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 9 k€, i.e. 0.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 604 048 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 002 676 €

EBITDA (2022) ?
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

128 739 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

3 773 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

8 620 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.0%

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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 173%. 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 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 8.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

173.43%

Financial autonomy (2022) ?
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

29.857%

Cash flow / Revenue (2022) ?
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

7.148%

Repayment capacity (2022) ?
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

8.601

Asset age ratio (2022) ?
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

69.6%

Solvency indicators evolution
ATELIERS DE CORNOUAILLE (A.D.C.)

Sector positioning

Debt ratio
173.43 2022
2020
2021
2022
Q1: 0.0
Med: 15.79
Q3: 112.55
Average

In 2022, the debt ratio of ATELIERS DE CORNOUAILLE (... (173.43) 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
29.86% 2022
2020
2021
2022
Q1: 4.3%
Med: 22.3%
Q3: 45.15%
Good -7 pts over 3 years

In 2022, the financial autonomy of ATELIERS DE CORNOUAILLE (... (29.9%) 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
8.6 years 2022
2020
2021
2022
Q1: -0.01 years
Med: 0.05 years
Q3: 2.22 years
Watch -10 pts over 3 years

In 2022, the repayment capacity of ATELIERS DE CORNOUAILLE (... (8.60) 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 168.04. 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 13.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

168.042

Interest coverage (2022) ?
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

13.348

Liquidity indicators evolution
ATELIERS DE CORNOUAILLE (A.D.C.)

Sector positioning

Liquidity ratio
168.04 2022
2020
2021
2022
Q1: 99.52
Med: 142.41
Q3: 198.77
Good +11 pts over 3 years

In 2022, the liquidity ratio of ATELIERS DE CORNOUAILLE (... (168.04) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
13.35x 2022
2020
2021
2022
Q1: -0.29x
Med: 0.02x
Q3: 2.55x
Excellent -10 pts over 3 years

In 2022, the interest coverage of ATELIERS DE CORNOUAILLE (... (13.3x) 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: 65 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The company must finance 18 days of gap between collections and payments. Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 50 days of revenue, i.e. 222 k€ to permanently finance.

Operating WCR (2022) ?
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

221 679 €

Customer credit (2022) ?
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

65 j

Supplier credit (2022) ?
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

47 j

Inventory turnover (2022) ?
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

6 j

WCR in days of revenue (2022) ?
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

50 j

WCR and payment terms evolution
ATELIERS DE CORNOUAILLE (A.D.C.)

Positioning of ATELIERS DE CORNOUAILLE (A.D.C.) in its sector

Comparison with sector Restauration collective sous contrat

Valuation estimate

Based on 204 transactions of similar company sales (all years), the value of ATELIERS DE CORNOUAILLE (A.D.C.) is estimated at 676 468 € (range 364 105€ - 1 081 118€). With an EBITDA of 128 739€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.64x (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.

Estimated enterprise value 2022
204 transactions
364k€ 676k€ 1081k€
676 468 € Range: 364 105€ - 1 081 118€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
128 739 € × 5.5x
Estimation 713 829 €
351 856€ - 1 259 194€
Revenue Multiple 30%
1 604 048 € × 0.64x
Estimation 1 019 988 €
605 883€ - 1 418 370€
Net Income Multiple 20%
8 620 € × 7.9x
Estimation 67 789 €
32 064€ - 130 051€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 204 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 (Restauration collective sous contrat)

Compare ATELIERS DE CORNOUAILLE (A.D.C.) with other companies in the same sector:

Voir toutes les statistiques du secteur Restauration collective sous contrat

Frequently asked questions about ATELIERS DE CORNOUAILLE (A.D.C.)

What is the revenue of ATELIERS DE CORNOUAILLE (A.D.C.) ?

The revenue of ATELIERS DE CORNOUAILLE (A.D.C.) in 2022 is 1.6 M€.

Is ATELIERS DE CORNOUAILLE (A.D.C.) profitable?

Yes, ATELIERS DE CORNOUAILLE (A.D.C.) generated a net profit of 9 k€ in 2022.

Where is the headquarters of ATELIERS DE CORNOUAILLE (A.D.C.) ?

The headquarters of ATELIERS DE CORNOUAILLE (A.D.C.) is located in DOUARNENEZ (29100), in the department Finistere.

Where to find the tax return of ATELIERS DE CORNOUAILLE (A.D.C.) ?

The tax return of ATELIERS DE CORNOUAILLE (A.D.C.) 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 ATELIERS DE CORNOUAILLE (A.D.C.) operate?

ATELIERS DE CORNOUAILLE (A.D.C.) operates in the sector Restauration collective sous contrat (NAF code 56.29A). See the 'Sector positioning' section above to compare the company with its competitors.