BRETZELS MORICETTES MFP POULAILLON : revenue, balance sheet and financial ratios

BRETZELS MORICETTES MFP POULAILLON is a French company founded 36 years ago, specialized in the sector Fabrication de plats préparés. Based in WITTELSHEIM (68310), this company of category ETI shows in 2023 a revenue of 59.1 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 - BRETZELS MORICETTES MFP POULAILLON (SIREN 377744651)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 59 144 779 € 48 507 518 € 34 417 495 € 33 746 978 € 41 875 480 € 35 244 364 € 35 244 364 € 32 597 994 €
Net income 2 915 913 € -674 000 € -522 257 € -1 024 184 € 941 857 € 420 365 € 420 365 € 308 014 €
EBITDA 3 181 915 € 1 312 824 € 496 921 € 282 202 € 1 934 447 € 1 597 111 € 1 597 111 € 1 052 799 €
Net margin 4.9% -1.4% -1.5% -3.0% 2.2% 1.2% 1.2% 0.9%

Revenue and income statement

In 2023, BRETZELS MORICETTES MFP POULAILLON achieves revenue of 59.1 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.9%. Vs 2022, growth of +22% (48.5 M€ -> 59.1 M€). After deducting consumption (29.5 M€), gross margin stands at 29.6 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.2 M€, representing 5.4% of revenue. Positive scissor effect: EBITDA margin improves by +2.7 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.9 M€, i.e. 4.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

59 144 779 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

29 600 431 €

EBITDA (2023) ?
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

3 181 915 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

895 821 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 915 913 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.4%

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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 101%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

100.744%

Financial autonomy (2023) ?
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

21.354%

Cash flow / Revenue (2023) ?
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

5.655%

Repayment capacity (2023) ?
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

1.741

Asset age ratio (2023) ?
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

44.2%

Solvency indicators evolution
BRETZELS MORICETTES MFP POULAILLON

Sector positioning

Debt ratio
100.74 2023
2021
2022
2023
Q1: 0.05
Med: 31.67
Q3: 109.35
Average

In 2023, the debt ratio of BRETZELS MORICETTES MFP P... (100.74) 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
21.35% 2023
2021
2022
2023
Q1: 5.27%
Med: 29.92%
Q3: 53.86%
Average +11 pts over 3 years

In 2023, the financial autonomy of BRETZELS MORICETTES MFP P... (21.4%) 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
1.74 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.22 years
Q3: 3.34 years
Average -15 pts over 3 years

In 2023, the repayment capacity of BRETZELS MORICETTES MFP P... (1.74) 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 118.03. 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 2.9x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

118.033

Interest coverage (2023) ?
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

2.861

Liquidity indicators evolution
BRETZELS MORICETTES MFP POULAILLON

Sector positioning

Liquidity ratio
118.03 2023
2021
2022
2023
Q1: 106.12
Med: 177.43
Q3: 292.1
Average -9 pts over 3 years

In 2023, the liquidity ratio of BRETZELS MORICETTES MFP P... (118.03) 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
2.86x 2023
2021
2022
2023
Q1: -0.86x
Med: 0.93x
Q3: 6.82x
Good -20 pts over 3 years

In 2023, the interest coverage of BRETZELS MORICETTES MFP P... (2.9x) 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: 42 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 55 days of revenue, i.e. 9.1 M€ to permanently finance. Over 2016-2023, WCR increased by +57%, requiring additional financing.

Operating WCR (2023) ?
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

9 093 510 €

Customer credit (2023) ?
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

42 j

Supplier credit (2023) ?
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

59 j

Inventory turnover (2023) ?
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

31 j

WCR in days of revenue (2023) ?
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

55 j

WCR and payment terms evolution
BRETZELS MORICETTES MFP POULAILLON

Positioning of BRETZELS MORICETTES MFP POULAILLON in its sector

Comparison with sector Fabrication de plats préparés

Valuation estimate

Based on 92 transactions of similar company sales (all years), the value of BRETZELS MORICETTES MFP POULAILLON is estimated at 17 169 756 € (range 5 371 847€ - 30 444 679€). With an EBITDA of 3 181 915€, the sector multiple of 4.6x is applied. The price/revenue ratio is 0.46x (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 2023
92 tx
5371k€ 17169k€ 30444k€
17 169 756 € Range: 5 371 847€ - 30 444 679€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 181 915 € × 4.6x
Estimation 14 641 154 €
2 573 149€ - 25 502 191€
Revenue Multiple 30%
59 144 779 € × 0.46x
Estimation 27 419 920 €
12 803 519€ - 43 574 207€
Net Income Multiple 20%
2 915 913 € × 2.8x
Estimation 8 116 019 €
1 221 085€ - 23 106 611€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 92 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 plats préparés)

Compare BRETZELS MORICETTES MFP POULAILLON with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plats préparés

Frequently asked questions about BRETZELS MORICETTES MFP POULAILLON

What is the revenue of BRETZELS MORICETTES MFP POULAILLON ?

The revenue of BRETZELS MORICETTES MFP POULAILLON in 2023 is 59.1 M€.

Is BRETZELS MORICETTES MFP POULAILLON profitable?

Yes, BRETZELS MORICETTES MFP POULAILLON generated a net profit of 2.9 M€ in 2023.

Where is the headquarters of BRETZELS MORICETTES MFP POULAILLON ?

The headquarters of BRETZELS MORICETTES MFP POULAILLON is located in WITTELSHEIM (68310), in the department Haut-Rhin.

Where to find the tax return of BRETZELS MORICETTES MFP POULAILLON ?

The tax return of BRETZELS MORICETTES MFP POULAILLON 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 BRETZELS MORICETTES MFP POULAILLON operate?

BRETZELS MORICETTES MFP POULAILLON operates in the sector Fabrication de plats préparés (NAF code 10.85Z). See the 'Sector positioning' section above to compare the company with its competitors.