BRIOCHE ET VIENNOISERIE THOMAS : revenue, balance sheet and financial ratios

BRIOCHE ET VIENNOISERIE THOMAS is a French company founded 56 years ago, specialized in the sector Fabrication industrielle de pain et de pâtisserie fraîche. Based in ESSARTS-EN-BOCAGE (85140), this company of category PME shows in 2020 a revenue of 32.9 M€. 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 - BRIOCHE ET VIENNOISERIE THOMAS (SIREN 303586432)
Indicator 2020 2019 2018 2017 2016 2015
Revenue 32 917 658 € 31 939 633 € 27 505 344 € 27 102 089 € 20 256 716 € 19 254 992 €
Net income 2 751 387 € 2 747 759 € 1 751 168 € 1 700 301 € 1 769 724 € 1 096 094 €
EBITDA 5 003 817 € 5 131 033 € 3 370 566 € 3 263 213 € 2 838 063 € 2 118 958 €
Net margin 8.4% 8.6% 6.4% 6.3% 8.7% 5.7%

Revenue and income statement

In 2020, BRIOCHE ET VIENNOISERIE THOMAS achieves revenue of 32.9 M€. Over the period 2015-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +11.3%. Vs 2019: +3%. After deducting consumption (15.3 M€), gross margin stands at 17.6 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.0 M€, representing 15.2% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.8 M€, i.e. 8.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

32 917 658 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

17 646 047 €

EBITDA (2020) ?
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

5 003 817 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

4 247 708 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 751 387 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

15.2%

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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 44%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 46%. 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 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

44.324%

Financial autonomy (2020) ?
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

46.048%

Cash flow / Revenue (2020) ?
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

9.187%

Repayment capacity (2020) ?
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

1.329

Asset age ratio (2020) ?
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

12.4%

Solvency indicators evolution
BRIOCHE ET VIENNOISERIE THOMAS

Sector positioning

Debt ratio
44.32 2020
2018
2019
2020
Q1: 3.93
Med: 56.28
Q3: 190.28
Good -7 pts over 3 years

In 2020, the debt ratio of BRIOCHE ET VIENNOISERIE T... (44.32) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
46.05% 2020
2018
2019
2020
Q1: 9.88%
Med: 31.81%
Q3: 52.25%
Good +13 pts over 3 years

In 2020, the financial autonomy of BRIOCHE ET VIENNOISERIE T... (46.0%) 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
1.33 years 2020
2018
2019
2020
Q1: -0.92 years
Med: 0.42 years
Q3: 3.24 years
Average +13 pts over 3 years

In 2020, the repayment capacity of BRIOCHE ET VIENNOISERIE T... (1.33) 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 268.85. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2020) ?
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

268.847

Interest coverage (2020) ?
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

0.442

Liquidity indicators evolution
BRIOCHE ET VIENNOISERIE THOMAS

Sector positioning

Liquidity ratio
268.85 2020
2018
2019
2020
Q1: 111.19
Med: 167.41
Q3: 256.2
Excellent +10 pts over 3 years

In 2020, the liquidity ratio of BRIOCHE ET VIENNOISERIE T... (268.85) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.44x 2020
2018
2019
2020
Q1: -0.97x
Med: 0.87x
Q3: 4.69x
Average +10 pts over 3 years

In 2020, the interest coverage of BRIOCHE ET VIENNOISERIE T... (0.4x) 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: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Excellent situation: suppliers finance 38 days of the operating cycle (retail model). Inventory turnover is 16 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 38 days of revenue, i.e. 3.5 M€ to permanently finance. Over 2015-2020, WCR increased by +103%, requiring additional financing.

Operating WCR (2020) ?
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

3 516 923 €

Customer credit (2020) ?
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

29 j

Supplier credit (2020) ?
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

67 j

Inventory turnover (2020) ?
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

16 j

WCR in days of revenue (2020) ?
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

38 j

WCR and payment terms evolution
BRIOCHE ET VIENNOISERIE THOMAS

Positioning of BRIOCHE ET VIENNOISERIE THOMAS in its sector

Comparison with sector Fabrication industrielle de pain et de pâtisserie fraîche

Valuation estimate

Based on 164 transactions of similar company sales in 2020, the value of BRIOCHE ET VIENNOISERIE THOMAS is estimated at 26 616 546 € (range 15 704 462€ - 41 036 146€). With an EBITDA of 5 003 817€, the sector multiple of 6.1x is applied. The price/revenue ratio is 0.69x (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 2020
164 transactions
15704k€ 26616k€ 41036k€
26 616 546 € Range: 15 704 462€ - 41 036 146€
NAF 5 année 2020

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
5 003 817 € × 6.1x
Estimation 30 413 202 €
18 613 882€ - 51 806 254€
Revenue Multiple 30%
32 917 658 € × 0.69x
Estimation 22 868 097 €
14 312 984€ - 27 363 597€
Net Income Multiple 20%
2 751 387 € × 8.3x
Estimation 22 747 582 €
10 518 133€ - 34 619 703€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 164 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 industrielle de pain et de pâtisserie fraîche)

Compare BRIOCHE ET VIENNOISERIE THOMAS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication industrielle de pain et de pâtisserie fraîche

Frequently asked questions about BRIOCHE ET VIENNOISERIE THOMAS

What is the revenue of BRIOCHE ET VIENNOISERIE THOMAS ?

The revenue of BRIOCHE ET VIENNOISERIE THOMAS in 2020 is 32.9 M€.

Is BRIOCHE ET VIENNOISERIE THOMAS profitable?

Yes, BRIOCHE ET VIENNOISERIE THOMAS generated a net profit of 2.8 M€ in 2020.

Where is the headquarters of BRIOCHE ET VIENNOISERIE THOMAS ?

The headquarters of BRIOCHE ET VIENNOISERIE THOMAS is located in ESSARTS-EN-BOCAGE (85140), in the department Vendee.

Where to find the tax return of BRIOCHE ET VIENNOISERIE THOMAS ?

The tax return of BRIOCHE ET VIENNOISERIE THOMAS 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 BRIOCHE ET VIENNOISERIE THOMAS operate?

BRIOCHE ET VIENNOISERIE THOMAS operates in the sector Fabrication industrielle de pain et de pâtisserie fraîche (NAF code 10.71A). See the 'Sector positioning' section above to compare the company with its competitors.