CHAINES ET ROUES DENTEES RAFER : revenue, balance sheet and financial ratios

CHAINES ET ROUES DENTEES RAFER is a French company founded 23 years ago, specialized in the sector Fabrication d'engrenages et d'organes mécaniques de transmission. Based in SAINT-CHAMOND (42400), this company of category PME shows in 2021 a revenue of 14.7 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 - CHAINES ET ROUES DENTEES RAFER (SIREN 442093217)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 14 672 449 € N/C N/C 5 285 223 € 5 059 043 € 4 773 808 €
Net income 75 521 € 285 840 € -686 551 € -132 022 € -414 405 € 80 051 €
EBITDA 2 555 209 € N/C N/C 92 482 € -155 700 € -158 368 €
Net margin 0.5% N/C N/C -2.5% -8.2% 1.7%

Revenue and income statement

In 2021, CHAINES ET ROUES DENTEES RAFER achieves revenue of 14.7 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +25.2%. After deducting consumption (3.8 M€), gross margin stands at 10.9 M€, i.e. a rate of 74%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.6 M€, representing 17.4% 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 76 k€, i.e. 0.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

14 672 449 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

10 877 286 €

EBITDA (2021) ?
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

2 555 209 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

848 449 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

75 521 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

15.1%

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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 4%. 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 31%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

4.232%

Financial autonomy (2021) ?
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

31.045%

Cash flow / Revenue (2021) ?
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

13.198%

Repayment capacity (2021) ?
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

0.069

Asset age ratio (2021) ?
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

48.2%

Solvency indicators evolution
CHAINES ET ROUES DENTEES RAFER

Sector positioning

Debt ratio
4.23 2021
2019
2020
2021
Q1: 0.1
Med: 13.6
Q3: 58.55
Good -24 pts over 3 years

In 2021, the debt ratio of CHAINES ET ROUES DENTEES ... (4.23) 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
31.05% 2021
2019
2020
2021
Q1: 30.05%
Med: 48.07%
Q3: 66.59%
Average -8 pts over 3 years

In 2021, the financial autonomy of CHAINES ET ROUES DENTEES ... (31.1%) 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
0.07 years 2021
2021
Q1: 0.0 years
Med: 0.03 years
Q3: 1.55 years
Average

In 2021, the repayment capacity of CHAINES ET ROUES DENTEES ... (0.07) 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 119.18. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2021) ?
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

119.177

Interest coverage (2021) ?
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

0.321

Liquidity indicators evolution
CHAINES ET ROUES DENTEES RAFER

Sector positioning

Liquidity ratio
119.18 2021
2019
2020
2021
Q1: 168.75
Med: 260.92
Q3: 353.73
Watch

In 2021, the liquidity ratio of CHAINES ET ROUES DENTEES ... (119.18) 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.

Interest coverage
0.32x 2021
2021
Q1: 0.0x
Med: 0.52x
Q3: 4.15x
Average

In 2021, the interest coverage of CHAINES ET ROUES DENTEES ... (0.3x) 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: 42 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 135 days. Excellent situation: suppliers finance 93 days of the operating cycle (retail model). Inventory turnover is 79 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 96 days of revenue, i.e. 3.9 M€ to permanently finance. Over 2016-2021, WCR increased by +150%, requiring additional financing.

Operating WCR (2021) ?
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

3 898 030 €

Customer credit (2021) ?
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 (2021) ?
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

135 j

Inventory turnover (2021) ?
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

79 j

WCR in days of revenue (2021) ?
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

96 j

WCR and payment terms evolution
CHAINES ET ROUES DENTEES RAFER

Positioning of CHAINES ET ROUES DENTEES RAFER in its sector

Comparison with sector Fabrication d'engrenages et d'organes mécaniques de transmission

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (37 transactions). This range of 1 383 699€ to 4 682 339€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
1383k€ 2988k€ 4682k€
2 988 748 € Range: 1 383 699€ - 4 682 339€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 37 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 d'engrenages et d'organes mécaniques de transmission)

Compare CHAINES ET ROUES DENTEES RAFER with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'engrenages et d'organes mécaniques de transmission

Frequently asked questions about CHAINES ET ROUES DENTEES RAFER

What is the revenue of CHAINES ET ROUES DENTEES RAFER ?

The revenue of CHAINES ET ROUES DENTEES RAFER in 2021 is 14.7 M€.

Is CHAINES ET ROUES DENTEES RAFER profitable?

Yes, CHAINES ET ROUES DENTEES RAFER generated a net profit of 76 k€ in 2021.

Where is the headquarters of CHAINES ET ROUES DENTEES RAFER ?

The headquarters of CHAINES ET ROUES DENTEES RAFER is located in SAINT-CHAMOND (42400), in the department Loire.

Where to find the tax return of CHAINES ET ROUES DENTEES RAFER ?

The tax return of CHAINES ET ROUES DENTEES RAFER 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 CHAINES ET ROUES DENTEES RAFER operate?

CHAINES ET ROUES DENTEES RAFER operates in the sector Fabrication d'engrenages et d'organes mécaniques de transmission (NAF code 28.15Z). See the 'Sector positioning' section above to compare the company with its competitors.