SIREN : 442058186
CEDEL is a French company founded 23 years ago, specialized in the sector Commerces de détail d'optique. Based in BESSAN (34550), this company of category PME shows in 2023 a revenue of 654 k€. 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 654 476 € | 607 748 € | 564 776 € | 487 203 € | 271 785 € | 529 934 € | 529 111 € |
| Net income | 16 809 € | 27 042 € | -26 664 € | 83 950 € | -14 030 € | 64 141 € | 10 168 € |
| EBITDA | 54 840 € | 36 856 € | -10 770 € | -13 834 € | 2 377 € | 38 192 € | -2 819 € |
| Net margin | 2.6% | 4.4% | -4.7% | 17.2% | -5.2% | 12.1% | 1.9% |
In 2023, CEDEL achieves revenue of 654 k€. Revenue is growing positively over 7 years (CAGR: +3.1%). Vs 2022: +8%. After deducting consumption (201 k€), gross margin stands at 453 k€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 55 k€, representing 8.4% of revenue. Positive scissor effect: EBITDA margin improves by +2.3 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 17 k€, i.e. 2.6% of revenue. This profit can be retained or distributed to shareholders.
654 476 €
453 492 €
54 840 €
47 422 €
16 809 €
8.4%
The debt ratio (= Financial debt / Equity x 100) stands at 21%. 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 66%. 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 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
21.178%
65.931%
3.656%
3.155
10.1%
In 2023, the debt ratio of CEDEL (21.18) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of CEDEL (65.9%) 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.
In 2023, the repayment capacity of CEDEL (3.15) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 158.06. 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 15.3x. Operating income very largely covers interest expenses: high safety margin.
158.058
15.252
In 2023, the liquidity ratio of CEDEL (158.06) 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.
In 2023, the interest coverage of CEDEL (15.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 101 days. Excellent situation: suppliers finance 58 days of the operating cycle (retail model). Inventory turnover is 59 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 140 days of revenue, i.e. 254 k€ to permanently finance. Over 2016-2023, WCR increased by +22%, requiring additional financing.
254 460 €
43 j
101 j
59 j
140 j
Based on 100 transactions of similar company sales in 2023, the value of CEDEL is estimated at 201 580 € (range 102 652€ - 415 964€). With an EBITDA of 54 840€, the sector multiple of 3.9x is applied. The price/revenue ratio is 0.42x (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.
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This estimate is based on the analysis of 100 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare CEDEL with other companies in the same sector:
Voir toutes les statistiques du secteur Commerces de détail d'optique
The revenue of CEDEL in 2023 is 654 k€.
Yes, CEDEL generated a net profit of 17 k€ in 2023.
The headquarters of CEDEL is located in BESSAN (34550), in the department Herault.
The tax return of CEDEL 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).
CEDEL operates in the sector Commerces de détail d'optique (NAF code 47.78A). See the 'Sector positioning' section above to compare the company with its competitors.